1425 Palm Avenue Sw, Seattle, WA 98116

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: will douglas, ryan iles
Office: paragon real estate advisors
MLS#:2470400
Source:NWMLS
1425 Palm Avenue Sw,Seattle, WA 98116
$1,700,000
  • - Beds
  • - Baths
  • 4,243 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$1,700,000
  • Price per sq. ft.:$400.66

About this home

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...

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Home facts

  • Year built:1913
  • Listing ID #:2470400
  • Updated:June 17, 2026 at 12:25 AM

Rooms and interior

  • Living area:4,243 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1913
  • Building area:4,243 sq. ft.
  • Lot area:0.15 Acres
  • Construction Materials:Wood Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$1,700,000
  • Price per sq. ft.:$400.66
  • Tax amount:$14,469 (2025)

Parking

  • Total parking spaces:5
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