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Listed by:Paragon Real Estate Advisors • Will Douglas
$1,700,000
Est. payment /mo
5 Beds
5 Baths
4,243 SqFt
Active
1425 Palm AVE SW Seattle, WA 98116
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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
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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Amenities & Attractions
Educational Environment
Elementary Schools (2)Middle Schools (1)High Schools (1)
Name
Category
Grades
Library
Ratio
8/10
Schmitz Park Elementary School
5000 SW Spokane St, Seattle, WA 98116
Public
KG - 5
No
STUDENTS/TEACHERS
6/10
Lafayette Elementary School
2645 California Ave SW, Seattle, WA 98116
Public
KG - 5
No
STUDENTS/TEACHERS