1156 Alki Avenue SW 104, Seattle, WA 98116, Seattle, 98116 - 1 bed, 1 bath
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Seattle, WA 98116
This Strong Value Opportunity is a 1-bedroom Condominium listed at $359,950—positioned well below the $400,349 Fair Market Value by 10%. This valuation gap offers $40,399 in Instant Equity. Featuring a Condition Rating of 3, the unit offers unobstructed, panoramic views and a private balcony. With no rental cap and high walkability near Alki Beach, this is an ideal asset for Buy-and-Hold Investors or first-time buyers seeking a waterfront lifestyle with significant upside potential.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1156 Alki Avenue SW 104 Subject | $359,950* List Price | 1 | 1 | 671 | $597 | - |
A 2316 44th Avenue SW 203 Sold | $339,000 | 1 | 1 | 518 | $654 | 0.8 mi |
B 1221 Harbor Avenue SW 105 Pending | $455,000 List Price | 1 | 1 | 776 | $586 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Built in 1966, the unit has been well-maintained and features a refreshed kitchen with white cabinetry and updated hardware, likely renovated within the last 5-15 years. While the bathroom tile and popcorn ceilings are dated, the property is functional, clean, and move-in ready.
The unit offers exceptional front-row views of the Puget Sound, Seattle skyline, and Olympic Mountains, providing a premium Pacific Northwest living experience from a private balcony.
With no rental cap, this property presents a rare and valuable opportunity for both homeowners and investors looking to capitalize on the high demand for Alki rentals.
Located steps from Alki Beach and the Water Taxi, residents enjoy immediate access to waterfront trails, popular dining, and a convenient, scenic commute to downtown Seattle.
The monthly HOA fee of $677 is relatively high for a 671-square-foot one-bedroom unit, which may impact the overall monthly affordability and debt-to-income ratios for buyers.
The property relies on shared on-site laundry facilities rather than in-unit machines, a common limitation of 1960s-era buildings that may be a drawback for modern convenience-seekers.
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.
Jul 10, 2026
$359,950
Initial Listing