2434 55th Avenue SW, Seattle, WA 98116
- $1,395,000
- 2,850
- SqFt
Listing courtesy of Knipe Realty ERA Powered.
- List Price
- $1,395,000
- Status
- PENDING
- MLS#
- 2514034
- Days on Market
- 93
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 2,850
- Area Total SqFt
- 2850
- Annual Tax Ammount
- 11087
- Lot Size (sq ft)
- 4,000
- Sewer
- Sewer Connected
Property Description
Classic West Seattle Charm, a rare Multi-Family Opportunity in Alki. Discover a perfect blend of vintage character and modern potential in the heart of Seattle’s iconic Alki district. Just blocks from the salty breeze and vibrant energy of Alki Beach, this 1920s residence offers a massive 2,850 square feet of living space, thoughtfully configured for maximum versatility. The property features a strategic layout designed for both privacy and community. The upstairs unit serves as the primary retreat, offering 3 bedrooms and 1 bath, highlighted by an expansive outdoor deck—perfect for soaking in the neighborhood's relaxed atmosphere or hosting summer gatherings after a day on the waterfront. Below, you will find two additional units, each featuring 2 bedrooms and 1 bath, with their own dedicated private patios. Whether you are looking to bolster your investment portfolio or create a unique multi-generational compound, this property stands as a canvas for your vision. The home retains the sturdy soul of its 1920 construction, featuring a spacious floor plan that is increasingly difficult to find in West Seattle’s competitive market. Situated on a 4,000 square foot lot, the location is unparalleled. Enjoy effortless access to the Alki Trail, local dining favorites, and the scenic Water Taxi for a quick, beautiful commute to Downtown Seattle. Embrace the quintessential Pacific Northwest lifestyle where historic charm meets the limitless potential of a premier community.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-05-02 18:23:12
- Community
- Alki
- Net Operating Income
- $51,973
- Gross Adjusted Income
- $65,460
- Gross Scheduled Income
- $65,460
- Total Monthly Income
- $5,455
- Insurance Expenses
- $2,400
- Gross Rent Multiplier
- 21.31
- Total Expenses
- $13,487
- Cap Rate
- 3.7
- Total Number of Units
- 3
- Unit Name
- 2434
- Potential Terms
- Cash, Conventional
- Year Built
- 1920
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Patio
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,455
- Gross Scheduled Income
- $65,460
- Gross Adjusted Income
- $65,460
- Tax Year
- 2025
- Insurance Expense
- $2,400
- Total Expenses
- $13,487
- Net Operating Income
- $51,973
- Gross Rent Multiplier
- 21.31
- Cap Rate
- 3.7
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.