1425 Palm AVE SW, Seattle, WA 98116
1425 Palm AVE SW, Seattle, WA 98116
1425 Palm AVE SW, Seattle, WA 98116
1425 Palm AVE SW, Seattle, WA 98116
1425 Palm AVE SW, Seattle, WA 98116
1425 Palm AVE SW, Seattle, WA 98116
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Judy Gratton

Judy Gratton

+1(206) 276-3289
Listed by:Paragon Real Estate Advisors • Will Douglas
$ 1,700,000
Est. payment | /mo

5 Beds

5 Baths

4,243 SqFt

Save
$ 1,700,000
Est. payment | /mo
Save

5 Beds

5 Baths

4,243 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,243 sqft

Price per Sqft $400

Subdivision North Admiral

MLS Listing ID 2470400

Style 55 - 5-9 Units

Bedrooms 5

Year Built 1913

Annual Tax Amount $14,469

Lot Size 6,450 Sqft

Property Sub-Type Multi Family

Property Description

The offering consists of a five-unit multifamily property comprised entirely of one-bedroom/one-bathroom units, with updates completed over the years and Elliott Bay views from the upper units. The property offers potential to add an additional unit with a private entrance, creating further income upside (Buyer to Verify). Adjacent to the building is a 2,100 square foot flat lot that is well suited for townhouse-style development, with upper-floor views enhancing the site's long-term redevelopment or expansion potential. Currently, two of the five units have been renovated, while the remaining units present a clear value-add opportunity through cosmetic upgrades, allowing new ownership to push rents toward market levels. The property is well maintained and features original hardwood floors, abundant storage, recently resealed back decks, updated electrical systems with full rewiring, copper plumbing, five individual gas furnaces, and on-site coin-operated laundry, providing a strong foundation for stable operations and future improvements.

Location

State WA

County King

Area 140 - West Seattle

Interior

Fireplace false

Exterior

Exterior Feature Wood

View Y/N No

Roof Type Composition

Building

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash, Conventional, Owner Will Carry

Listing Terms Cash, Conventional, Owner Will Carry

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

Judy Gratton

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 276-3289

judy.gratton@exprealty.com

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1425 Palm AVE SW