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About this home
WELCOME TO VILLA ICON— A RARE, FRESHLY REMODELED ALKI WATERFRONT TRIPLEX. LIVE, WORK, INVEST OR DEVELOP. Directly across from the water on iconic Alki Avenue, this exceptional property offers three distinct residences—a studio, 1-bedroom and 2-bedroom—blending immediate income with remarkable flexibility and future potential. Two residences are currently leased, while the studio is ready to live in, welcome guests, create a private office or flex space, or generate additional rental income. Wake to sweeping Puget Sound and Olympic Mountain views, watch ferries and boats glide by, stroll the beach and waterfront path, and end the day with unforgettable Alki sunsets. Restaurants, cafés and recreation are just outside your door, with downtown Seattle minutes away. Hold as an income-producing asset, create your own Alki home base, or explore future development potential. THREE RESIDENCES. ONE ICONIC WATERFRONT ADDRESS. ENDLESS POSSIBILITIES. Buyer to verify development feasibility and intended use.
Alki Point, located between Alki Beach Park and Duwamish Head, is a waterfront and residential Seattle neighborhood with a sandy shoreline and sweeping Olympic views. The neighborhood’s character concentrates along Alki Avenue SW near the Alki Beach Bathhouse, where espresso windows, beachside patios, and bike traffic set the daily rhythm. Low-slung midcentury homes and contemporary rebuilds share the bluff with classic beach cottages closer to the water. Marination Ma Kai and Duke’s Seafood anchor the casual dining scene with front-row seats to Elliott Bay. The Alki Point Lighthouse and Statue of Liberty Plaza add a civic, maritime note to the shoreline. Side streets feel quiet, while the waterline stays active from sunrise to dusk.
Provided by Walk Score and Local Logic
Offer insights
1768 Alki Ave SW · $1,295,000
$1.3M and above
75% chance or better to win
Why $1.3M+ is a strong offer
SALE-TO-LIST
94.9%
Most homes are selling 5% below list price.
LIST PRICE
$1,295,000
Median list price in this area is $1,016,527. (22% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Ceramic tile, vinyl plank and carpet flooring
Updated/remodeled condition
Fire sprinklers
Storage
Bedrooms
Property configured with up to 4 possible bedrooms across units
Unit 3: 2 bedrooms
Unit 2: 1 bedroom
Unit 1: 1 bedroom
Bathrooms
Each unit has 1 bathroom
Kitchen
Each unit includes a range/oven
Each unit includes a refrigerator
Each unit includes a dishwasher
Laundry & utility
Each unit has washer/dryer
Flooring
Ceramic tile
Vinyl plank
Carpet
Heating & cooling
Baseboard and forced air heating
Forced air cooling
Property has heating and cooling
Exterior features
Partially fenced yard
Deck and patio
Dog run
Cable TV and high-speed internet available
Gas available
Paved and secluded site with sidewalk
Value in land
Non-deeded water access; property located directly across from the waterfront
Home design
Triplex (residential income, multi-family)
Updated/Remodeled
Two-story structure
Has a view
Parking
Three uncovered parking spaces
Three carport spaces
Security
Partially fenced
Construction
Standard frame construction with metal/vinyl exterior
Built-up roof
Concrete ribbon foundation
Effective year built: 1945
Utilities
Electric energy source
Community/public water (Seattle Public/Water company listed as Public)
Sewer connected (Seattle Public Utilities)
Power provided by Seattle City Light
Cable and internet connected (Xfinity)
Financial info
Listing terms: Cash, Conventional, Owner will carry
Gross scheduled income: $88,800
Gross adjusted income: $60,000
Total monthly income: $7,400
Net operating income: $45,047
Total expenses: $14,953
Gross rent multiplier: 14.58
Three total units in the building
Other
Possible use: Multi-family
Zoning jurisdiction: City
Electricity and solar
View estimated energy costs and solar savings for this home
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Climate risks
9/10 Flood Factor
Estimated 80%+ chance of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 16 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Seattle, WA • 98116
Average low and high temperatures (°F)
47
38
47
39
52
42
59
45
65
49
70
54
75
57
75
60
70
56
59
49
52
44
49
42
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
46/ 100
Low sunlight
Sunscore
There appears to be significant shading by surrounding buildings, terrain, and vegetation.
6.6 hrs
1.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 1768 Alki Ave SW
$1,281,340
$14K under list price of $1.30M
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $950K to $1.6M.