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Listed by:Paragon Real Estate Advisors • Tanner Fogle
$ 1,900,000
Est. payment | /mo
7 Beds
8 Baths
4,524 SqFt
$ 1,900,000
Est. payment | /mo
7 Beds
8 Baths
4,524 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,524 sqft
Price per Sqft $419
Subdivision Alki
MLS Listing ID 2595365
Style 55 - 5-9 Units
Bedrooms 7
Year Built 1901
Annual Tax Amount $19,190
Lot Size 6,640 Sqft
Property Sub-Type Multi Family
Property Description
The Tides Apartments is an eight-unit apartment building ideally situated directly along Alki Avenue SW on one of Seattle's most iconic stretches of waterfront. Offered for the first time since 1954, this is a rare opportunity to acquire a piece of Alki Beach history in a location where multifamily properties are tightly held and opportunities to purchase are few and far between. Select units capture sought-after water views. Additional amenities include dual-pane vinyl windows, individually controlled electric baseboard heating, an on-site common laundry room, and two off-street parking stalls, a valuable convenience along Alki Avenue SW, where parking is at a premium. The property's classic interiors present an exciting value-add opportunity for an investor seeking to unlock the full potential of this irreplaceable waterfront location. Through strategic interior renovations as units turn over, a new owner can modernize the existing apartment homes. The property's LR2 (M) zoning on a 6,640-square-foot lot offers an additional layer of long-term redevelopment potential, providing flexibility beyond the immediate renovation strategy. Residents are steps from Alki Beach Park and the Alki Trail, within walking distance of Alki Point Lighthouse and Statue of Liberty Plaza, and connected to Downtown Seattle via the King County Water Taxi, with the Route 775 shuttle stopping just 0.1 miles away.
Location
State WA
County King
Area 140 - West Seattle
Interior
Flooring Laminate, Carpet
Fireplace false
Exterior
Exterior Feature Brick, Wood Products
View Y/N No
Roof Type Flat
Building
Sewer Available
Water Community
New Construction No
Schools
School District Seattle
Others
Senior Community No
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Nearby Locations
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