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253-691-8561
Terrafin Real Estate
2440 Alki Avenue SW, Seattle, WA 98116
- $5,825,000
Listing Broker: Urban Commercial Partners, LLC; Pat Suarez; ; Selling Office: ZNonMember-Office-MLS.
- Sold Price
- $5,825,000
- List Price
- $6,500,000
- Status
- SOLD
- Closing Date
- Jun 09, 2026
- MLS#
- 2484395
- Subtype
- Residential Income
- Style
- 56 - 10+ Units
- Year Built
- 1984
- Lot Size
- 9,694
- Acres
- 0.22
- Subdivision
- Alki
- Neighborhood
- Alki
- MLS Area Major
- West Seattle
Property Description
Rare opportunity to acquire the Alki Surf Apartments, a trophy waterfront asset in the heart of West Seattle's iconic Alki Beach - one of Seattle's most coveted waterfront corridors with unobstruted west facing views of Puget Sound. First time on the market since the asset was originally developed in 1984. 10 large residential units including (6) 2 bed/2 bath units and (4) 3 bed/2 bath units all with private west-facing balconies. This opportunity offers immediate upside with minimal capital investment. In place rents are approximately 20% below market with additional income growth available through the optimization of utility reimbursement and parking income. Recent Capital Improvements include: New Roof, New Windows, Exterior Paint, New Decks and New Gutters. Must see!
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Additional Information
- Amenities
- Elevator, Thermal Windows
- Exterior Features
- Stucco
- Property Description
- 56 - 10+ Units
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- School District
- Seattle
- View
- Sound
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.