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Tina Lerch
Tina Lerch
(206) 321-1012tlerch@rpaseattle.com
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      tlerch@rpaseattle.com
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    • Real Property Associates, Inc.
      7500 Roosevelt Way NE
      Seattle, Washington 98115
      (206) 523-0300

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      Northwest Multiple Listing Service

      The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.

      Based on information submitted to the MLS GRID as of 2026-01-22 17:14:43. All data is obtained from various sources and may not have been verified by 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.


      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, that the data is deemed reliable but is not guaranteed by MLS GRID.

      The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

      Copyright 2024 Northwest Multiple Listing Service. All rights reserved.

      $1,700,000
      For Sale

      1425 Palm Avenue SW

      Seattle, WA 98116
      4243 sqft | 0.15 acres | #2470400
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      Listing OfficeParagon Real Estate Advisors
      1425 Palm Avenue SW
      23 photos
      Type:Multi-Family
      Structure:5+ Family
      Zone:Residential

      Description

      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
          • Date ListedJanuary 21, 2026
          • Sewer InformationSewer Connected
          • Style55 - 5-9 Units
          • SubdivisionNorth Admiral
          • Property TypeMulti-Family
          • Property SubtypeMulti Family
          • Structure TypeMulti Family
          • Original List Price$1,700,000
          • Cost1700000.0
          • School DistrictSeattle
          • Taxes Annual$14,469
          • MLS #2470400
          • MLS #2470400
          • Acres0.1481
          • Square Feet4243.0
          • Exterior MaterialsWood
          • Year Built1913
          • CountyKing
          • Parking Spaces0.0
          • Hoa Fees0.0
          • Stories3
          • Days on Market (Cumulative)1

      Location

      Legal

      The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.

      Based on information submitted to the MLS GRID as of 2026-01-21 21:13:11. All data is obtained from various sources and may not have been verified by 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.


      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, that the data is deemed reliable but is not guaranteed by MLS GRID.

      The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. Listings that feature the "three tree" icon are provided courtesy of NWMLS. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.

      Copyright 2024 Northwest Multiple Listing Service. All rights reserved.

      Last Updated: Today at 9:14 AM. Source: NWMLS

      Provided By
      Listing Agent: Will Douglas (#NWM147440)
      Listing Office: Paragon Real Estate Advisors (#NWM7086)

      Tina LerchReal Estate Group
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