3003 Alki Avenue SW, Seattle, WA 98116
- $2,700,000
- 3,720
- SqFt
Listing courtesy of Windermere West Metro. Selling Office: Northwest Premier Brokers.
- Sold Price
- $2,700,000
- List Price
- $2,900,000
- Status
- SOLD
- MLS#
- 2330502
- Closing Date
- Dec 02, 2025
- Days on Market
- 255
- Style
- 53 - Tri-plex
- Building Condition
- Good
- Finished SqFt
- 3,720
- Area Total SqFt
- 3720
- Annual Tax Ammount
- 18699.55
- Lot Size (sq ft)
- 9,417
- Sewer
- Sewer Connected
Property Description
Alki Beach Waterfront Triplex! Well maintained multi-family property located on Seattle's "Gold Coast". Breathtaking views of Sound, Mountains & Space Needle from each apartment will delight your tenants. Three 2-bdrm, 2 bth units each with w/d, reserved pkg & deck/patio. With new Hardie Plank siding (2021) & cedar façade, 3003 Alki has great street appeal. Situated on a “quiet stretch” (local access for residents) & w/38 (+/-) ft. of prime waterfront–incl. tidelands–there are limitless "beachy" activities & an easy stroll to local eateries; from Cactus to casual bites. A once-in-a-lifetime opportunity to invest in a 49-yr family-owned property at a superb location; for your own portfolio or a legacy for future generations. Aloha from Alki!
Additional Information
- List Date
- 2025-03-22 00:00:00
- Community
- Alki
- Net Operating Income
- $74,396
- Gross Adjusted Income
- $104,724
- Gross Scheduled Income
- $110,220
- Total Monthly Income
- $9,185
- Insurance Expenses
- $3,275
- Water/Sewer/Garbage Expenses
- $4,265
- Gross Rent Multiplier
- 28.13
- Total Expenses
- $37,204
- Cap Rate
- 2.4
- Total Number of Units
- 3
- Unit Name
- 3003
- Potential Terms
- Cash Out, Conventional
- Year Built
- 1976
- Waterfront
- Yes
- View
- Bay, City, Mountain(s), See Remarks, Sound
- Roof
- Flat
- Site Features
- Deck, Fenced-Partially, Patio
- Electric Expenses
- 172
- Other Expenses
- 10792
- Energy Source
- Electric
- School District
- Seattle
- Elementary School
- Alki
- Middle School
- Madison Mid
- High School
- West Seattle High
- Total Monthly Income
- $9,185
- Gross Scheduled Income
- $110,220
- Gross Adjusted Income
- $104,724
- Tax Year
- 2024
- Insurance Expense
- $3,275
- W/S/G Expenses
- $4,265
- Total Expenses
- $37,204
- Net Operating Income
- $74,396
- Gross Rent Multiplier
- 28.13
- Cap Rate
- 2.4
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.