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$1,295,000
2578876 MLS ⋅ ACTIVE Status
WELCOME TO VILLA ICON—A RARE, FRESHLY REMODELED ALKI WATERFRONT TRIPLEX. LIVE, WORK, INVEST OR DEVELOP. Directly across from the water on iconic Alki Avenue, this exceptional property offers three distinct residences—a studio, 1-bedroom and 2-bedroom—blending immediate income with remarkable flexibility and future potential. Two residences are currently leased, while the studio is ready to live in, welcome guests, create a private office or flex space, or generate additional rental income. Wake to sweeping Puget Sound and Olympic Mountain views, watch ferries and boats glide by, stroll the beach and waterfront path, and end the day with unforgettable Alki sunsets. Restaurants, cafés and recreation are just outside your door, with downtown Seattle minutes away. Hold as an income-producing asset, create your own Alki home base, or explore future development potential. THREE RESIDENCES. ONE ICONIC WATERFRONT ADDRESS. ENDLESS POSSIBILITIES. Buyer to verify development feasibility and intended use.

1768 Alki Avenue SW, Seattle

Listing Broker: Coldwell Banker Bain; Natalie Sutey; 509-679-1371; natalie.sutey@cbrealty.com

$1,275,000
2582595 MLS ⋅ ACTIVE Status
The offering consists of two separate structures on a single 4,800 square foot NR3 zoned parcel. A two bedroom house built in 1946 sits at the front of the property, and a standalone duplex built in 1988 sits behind it, containing two more two bedroom/one bathroom units. Total net rentable area is 2,340 square feet across the three units, with an additional 720 square feet of unfinished basement beneath the house. Each unit is a two bedroom, one bathroom layout with a dedicated storage locker and its own full size washer and dryer. Both duplex units are vacant and ready for occupancy. Both interiors have been freshly painted and have new vinyl plank flooring, new carpet, new window blinds, and the appliance package in the upper unit (unit B) is new. Hot water tanks were replaced in 2023 and 2024. The property also works for an owner user, who can occupy a duplex unit at closing. The house sits on 720 square feet of unfinished basement with a dedicated entry, good ceiling height, and a sewer line that runs down rather than out through a sidewall, which allows a bathroom to be added at the lower level without sacrificing space. A buyer can finish the basement as additional living area for the house or pursue the addition of a fourth unit. The parcel is zoned NR3, which allows four units on the site. A buyer is to research and confirm the viability of these options to its own satisfaction, including with the appropriate City of Seattle zoning and construction departments.

5911 SW Admiral Way, Seattle

Listing Broker: Paragon Real Estate Advisors; Ben Douglas; 206-658-7247; ben@paragonrea.com

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.
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