1768 Alki Avenue SW, Seattle, WA 98116, Seattle, 98116 - 0 bed, 0 bath
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1768 Alki Avenue SW
Seattle, WA 98116
ACTIVE
CONDITION: EXCELLENT
0Beds
0Baths
2,100Sq Ft
4,440Lot Size
Property Price
LIST PRICE$1,295,000
SUMMARY
WELCOME TO VILLA ICON— A RARE, FRESHLY REMODELED ALKI WATERFRONT TRIPLEX. LIVE, WORK, INVEST OR DEVELOP. Directly across from the water on iconic Alki Avenue, this exceptional property offers three distinct residences—a studio, 1-bedroom and 2-bedroom—blending immediate income with remarkable flexibility and future potential. Two residences are currently leased, while the studio is ready to live in, welcome guests, create a private office or flex space, or generate additional rental income. Wake to sweeping Puget Sound and Olympic Mountain views, watch ferries and boats glide by, stroll the beach and waterfront path, and end the day with unforgettable Alki sunsets. Restaurants, cafés and recreation are just outside your door, with downtown Seattle minutes away. Hold as an income-producing asset, create your own Alki home base, or explore future development potential. THREE RESIDENCES. ONE ICONIC WATERFRONT ADDRESS. ENDLESS POSSIBILITIES. Buyer to verify development feasibility and intended use.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although originally built in 1945, the property is described as 'freshly remodeled' and the images confirm a high-end, mint-condition update. The exterior features modern siding and windows, while the interior boasts refinished hardwood floors, updated track lighting, and clean, modernized kitchens and bathrooms. The property appears move-in ready with no deferred maintenance, qualifying it for the top tier based on the recent renovation status.
PROSSTRENGTHS & OPPORTUNITIES
- Prime Waterfront Location
Situated directly on iconic Alki Avenue, the property offers unobstructed, sweeping views of the Puget Sound and Olympic Mountains, ensuring high tenant demand and long-term appreciation.
- Versatile Income Potential
This freshly remodeled triplex features three distinct units (studio, 1-bedroom, and 2-bedroom), providing immediate rental income with the flexibility for owner-occupancy or a live-work setup.
- Future Development Upside
With a 4,440-square-foot lot in a premium waterfront subdivision, the property presents a rare opportunity for investors to explore high-density redevelopment in a high-value Seattle corridor.
CONSRISKS & DEFICIENCIES
- Vintage Structural Components
Originally constructed in 1945, the property may possess aging infrastructure or utility systems that require more frequent maintenance compared to modern builds, despite recent cosmetic remodels.
- Regulatory Due Diligence
The potential for future development is subject to complex shoreline management and zoning verification, placing the burden of feasibility and permitting risks entirely on the buyer.
About 1768 Alki Avenue SW
Property Details
Public Facts
- Property Type
- Residential Income
- Year Built
- 1945
- Lot Size
- 4,440 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- -
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Seattle Unified Schools
Lafayette Elementary School
Grades PK-5 • 0.6 mi
8/10
Alki Elementary School
Grades PK-5 • 0.8 mi
8/10
Madison Middle School
Grades 6-8 • 1.0 mi
7/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 0.0 |
| Baths | 0.0 | 0.0 |
| Square foot | 2,100 | 5,554.5 |
| Lot Size | 4,440 | 10,915.5 |
| Price | $1.29M | $2.88M |
| Price per sq ft | $617 | $491 |
| Built year | 1945 | 1961 |
| HOA | $0 | $0 |
| Days on market | 35 | 124 |
Pricing History
Listed for Sale
Sep 19, 2026
$1,295,000
Initial Listing