Alki Apartments 4-Unit

Located one block from the vibrant Alki Beach and 15 minutes from Downtown Seattle, this 4-unit multifamily building offers an opportunity for investment in one of Seattle's most desirable neighborhoods. With a mix of unit sizes and layouts, the Alki Apartments combines coastal charm with urban convenience, perfect for tenants or an owner seeking proximity to the beach, dining, and outdoor recreational amenities all at your doorstep. Quaint homes, luxury condos, townhomes, and apartments dominate the water-adjacent streets, catering to high-income buyers seeking Puget Sound and Cityscape views that can only be found in West Seattle. Low housing inventory and historically high-appreciating values are to be expected where limited land exists near the waterfront.The Alki Apartments is a well-located 4-unit multifamily building with exceptional access to seaside living. The asset presents a compelling investment opportunity with significant value-add potential and long-term stability. Strategic renovations to the units could unlock approximately $346 per month in additional rental income per unit, enhancing cash flow and boosting ROI. Positioned in a high-demand coastal market with a median home price of $1,049,974 and consistent appreciation driven by low inventory and proximity to Seattle’s urban core, this property offers durable value and resilience over time. The Alki area’s affluent demographic, with a median household income of $133,916, and its vibrant lifestyle amenities ensure sustained tenant demand, making this asset an ideal addition to a portfolio seeking both income growth and capital preservation. Unit #1 on the upper level implores owner-occupied investors to utilize the owner suite style apartment space as their live-in unit. With oversized windows showcasing abundant natural light from the west, two-bedrooms, a large nook/den ideal for a home office or media room, and a large living room with vaulted ceilings and exposed beams are rounded off by a gas fireplace for cozy ambiance.