1425 Palm Ave SW, Seattle, WA
5 bd · 5 ba · 4,243 sqft Multi-Family listed at $1,700,000, built in 1913 in the West Seattle neighborhood.
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 strong foundation for stable operations and future improvements.
Property details
- Price
- $1,700,000
- Bedrooms
- 5
- Bathrooms
- 5
- Interior
- 4,243 sqft
- Price / sqft
- $401
- Year built
- 1913
- Lot size
- 6,451 sqft
- Type
- Multi-Family
- Days on market
- 94
- Est. property tax
- $15,810/yr · $1,318/mo · 0.93% WA avg
- Last sold
- $175,000 · Feb 1997
Estimated monthly payment
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Price history
- Jan 21, 2026$1,700,000Initial list price
- Feb 28, 1997$175,000Sold
Location
This home is located in Seattle, WA. Browse more Seattle listings on the Seattle market page or explore the full Seattle market report.
Home Intelligence
Neighborhood (zip 98116)
Median age is 39.6; 38% hold a bachelor's degree; 55% of homes are owner-occupied; median household income is $129,924.
- Median income
- $129,924
- Median age
- 39.6
- Owner-occupied
- 54.6%
- Bachelor's degree
- 38.3%
- Census median home value
- $873,900
Source: US Census Bureau American Community Survey 5-year estimates.
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