MLS: #NWM2470400, Listed By: Will Douglas, Paragon Real Estate Advisors, Source:NWMLS - Northwest Multiple Listing Service
1425 Palm Avenue
Seattle, WA 98116
0
Bed
0
Bath
4,243Sqft
0.15Acre(Lot)
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 flo
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Interior Features
Roof: CompositionRoofing Information
Composition -
Flooring Information
Construction Materials: Wood -
Heating & Cooling
Heating: Forced Air Has Heating: Yes Cooling: None
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Building Information
Year Built: 1913 -
Exterior Features
Wood Construction Materials: Wood
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Lot Information
Lot Square Feet: 6450 Lot Acres: 0.1481Property Information
Property Type: Residential Income Sub Type: Multi Family Structure Type: Multi Family
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Listing Price Information
Original List Price:$1700000
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Tax Information
Annual Tax: $14469 Tax Year: 2025 Parcel Number: 9273200015
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Parking Information
Total Parking: 5
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Utility Information
Sewer: Sewer Connected -
Location Information
Subdivision: North Admiral City: Seattle Direction: Take Hwy 99 S/WA-99 S and W Seattle Brg to SW Admiral Wy. Take the Admiral Way exit. Follow SW Admiral Wy and California Ave SW to Palm Ave SW.
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 4011 SW Maryland Place, Seattle, WA, 98116 | $1,075,000 | 3 | 2 | 1,170 | 1,170 SqFt |
| 1311 Palm Avenue, Seattle, WA, 98116 | $2,650,000 | 4 | 5 | 3,610 | 3,610 SqFt |
| 4055 SW Holgate Street, Seattle, WA, 98116 | $1,799,000 | 4 | 3 | 2,980 | 2,980 SqFt |
| 1927 42nd Avenue, Seattle, WA, 98116 | $939,000 | 4 | 3 | 1,466 | 1,466 SqFt |
| 1926 Ferry Avenue, Seattle, WA, 98116 | $1,049,500 | 3 | 3 | 1,760 | 1,760 SqFt |
| 1921 44 Avenue, Seattle, WA, 98116 | $998,888 | 3 | 2 | 1,760 | 1,760 SqFt |
| 2639 A 45th Avenue, Seattle, WA, 98116 | $884,000 | 3 | 2 | 1,650 | 1,650 SqFt |
| 1708 Alki Avenue #B, Seattle, WA, 98116 | $710,000 | 1 | 2 | 760 | 760 SqFt |
| 1706 Alki Avenue #B, Seattle, WA, 98116 | $770,000 | 1 | 2 | 1,043 | 1,043 SqFt |
| 2615 47th Avenue, Seattle, WA, 98116 | $875,000 | 3 | 1 | 1,740 | 1,740 SqFt |
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Based on information submitted to the MLS GRID as of 06/17/2026 @ 18:20. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. 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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ByOwner last updated this listing 06/17/2026 @ 18:20
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