2630 58th Ave SW - Apartments FOR SALE


Seattle, WA 98116- Alki
$1,350,000 USD
206-818-0378
2630 58th Ave SW, Seattle, WA for Sale
$1,350,000 USD
Apartments - FOR SALE
1/6
null | 3.74% Cap Rate

2630 58th Ave SW
Seattle, WA 98116
Alki


HIGHLIGHTS

  • Exceptional Alki Beach location
  • Value-add opportunity yielding $346/mo per unit upside in base rent
  • Continuous market appreciation due to limited supply
  • Stable tenant demand with $133,916 area median income
  • Flexible unit mix with spacious owner's suite
  • Private deck and backyard + laundry onsite

OVERVIEW

Prime 4-unit multifamily property, located just one block from Alki Beach and a 15-minute drive from Downtown Seattle, blending coastal charm with urban accessibility. Targeted renovations offer substantial value-add potential, projecting an additional $346+ per unit in monthly rent, boosting cash flow and property value. Situated in a high-demand, low-supply waterfront market, the area boasts consistent tenant retention and strong appreciation over decades. The property features a sophisticated owner’s suite-style apartment with 2 bedrooms, vaulted ceilings, a gas fireplace, and large windows, ideal for owner-occupiers craving a dynamic lifestyle with beachfront dining and recreation steps away.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$523 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

3.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1940

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

LR1 (M)

APN/PARCEL ID

762220-0100

ASK ABOUT THIS PROPERTY

Ted WoodSperry Commercial Global Affiliates - CapstoneMore Info
206-818-0378

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Ted WoodSperry Commercial Global Affiliates - CapstoneMore Info
206-818-0378

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.