1156 Alki Avenue SW 104, Seattle, WA 98116, Seattle, 98116 - 1 bed, 1 bath
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Seattle, WA 98116
This waterfront condo presents a High-Potential Investment Opportunity with a List Price of $394,000—positioned above the $363,366 Fair Market Value by 8%. While priced at a premium, the property offers unique utility with no rental caps and panoramic Puget Sound views. Featuring a Condition Rating of 4, the unit is move-in ready but offers cosmetic upside. Its prime Alki location near the Water Taxi and top-rated schools makes this a versatile asset for Buy-and-Hold Investors or Owner-Occupants seeking a high-demand lifestyle location.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1156 Alki Avenue SW 104 Subject | $394,000* List Price | 1 | 1 | 671 | $542 | - |
A 2331 42nd Avenue SW 414 Active | $325,000 List Price | 1 | 1 | 650 | $500 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1966, this unit is well-maintained but dated. The kitchen features older white appliances, including a coil-top electric range, and basic cabinetry. The presence of popcorn ceilings and older-style carpeting indicates that while the home is move-in ready, it has not undergone a major renovation in over 20 years.
The property boasts front-row, unobstructed views of Puget Sound, the Seattle skyline, and the Olympic Mountains, offering a premium Pacific Northwest visual experience from the living area and private balcony.
With no rental cap in place, this condo presents a rare and versatile opportunity for both primary residents and investors looking to capitalize on the high-demand Alki rental market.
Situated directly on Alki Avenue, the home offers immediate access to beach trails, popular dining, and the West Seattle Water Taxi, ensuring a vibrant lifestyle and easy downtown commuting.
The association fee of $677 per month is relatively high for a 671-square-foot one-bedroom unit, which may affect the debt-to-income ratio for some buyers.
The property relies on shared on-site laundry facilities rather than having in-unit appliances, which is often considered a convenience drawback in modern residential real estate.
Enjoy front-row views of Puget Sound, the Seattle skyline, and the constant activity of ferries and boats from this light-filled Alki retreat. Large sliding glass doors bring the outdoors in and open to a private balcony where you can relax, unwind, and take in the incredible sunsets and waterfront scenery year-round.Inside, the home offers a bright and inviting layout with abundant natural light, an open living space, and a spacious primary bedroom designed for comfort. The well-maintained interior creates the perfect balance of cozy living and effortless entertaining.Located just moments from Alki Beach, you’ll love having easy access to waterfront walking paths, local coffee shops, popular restaurants, and the West Seattle Water Taxi for a quick commute to downtown Seattle. Additional features include dedicated basement storage, guest parking, on-site laundry facilities, and the rare advantage of no rental cap—making this an excellent opportunity for both homeowners and investors alike.Experience the best of West Seattle living with breathtaking views, beachside convenience, and vibrant city access all in one exceptional location.
No exterior & parking available.
Grades PK-5 • 1.0 mi
Grades PK-5 • 1.5 mi
Grades 6-8 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | - | - | 0% |
| Baths | - | - | 0% |
| Square foot | - | - | 0% |
| Lot Size | - | - | 0% |
| Price | - | - | 0% |
| Price per sq ft | - | - | 0% |
| Built year | 1966 | - | 0% |
| HOA | $677 | $0 | 0% |
| Days on market | - | - | 0% |
May 28, 2026
$394,000
Initial Listing