Truly a one-of-kind investment/development property in highly sought after W. Seattle area. This rare 6-unit turnkey investment has water views & gorgeous sunsets along w/strong cash flow. Located in West Seattle's Gatewood area, the Seaview Terrace Apts a perfect mix of studios/1-bed/2-bed/3-bed units. Each w/own flr plan. 4 units have been renovated w/updated baths, kitchen, stainless app & new floors. W/D in all units except for small non-conforming studio. Very strong occupancy in a high demand rental mkt w/ room to increase rents to market. Exceptional development opportunity to develop 5-townhomes on the parcel, 3-bed twnhm w/garages, while maintaining income from existing 6-units. Near transit, eateries, shopping and much more.
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LAST UPDATED
|
7/9/2025
|
NEIGHBORHOOD
|
Lincoln Park
|
|
YEAR BUILT
|
1901
|
COMMUNITY
|
Lincoln Park
|
|
COUNTY
|
King
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Multi Family
|
|
|
| AIR |
Ductless |
| AIR CONDITIONING |
Yes |
| AREA |
140 - West Seattle |
| CONSTRUCTION |
Wood Siding |
| HEAT |
Baseboard, Electric, Natural Gas |
| LOT |
0.2804 acre(s) |
| LOT DESCRIPTION |
Corner Lot, Dead End Street, Paved, Secluded, Value In Land |
| MLS STATUS |
Active |
| STORIES |
3 |
| STYLE |
55 - 5-9 Units |
| SUBDIVISION |
Lincoln Park |
| TAXES |
18135.33 |
| UTILITIES |
Cable Available, Sewer Connected |
| VIEW |
Yes |
| VIEW DESCRIPTION |
Mountain(s), Sound, Territorial |
| WATER |
Public |
| ZONING |
Residential,See Remarks |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/28/25 4:52 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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