3824 23rd Avenue SW, Seattle, WA 98106
- $820,000
- 2,440
- SqFt
Listing courtesy of Paragon Real Estate Advisors.
- List Price
- $820,000
- Status
- ACTIVE
- MLS#
- 2534220
- Price Change
- ▼ $80,000 1784583779
- Days on Market
- 52
- Style
- 52 - Duplex
- Finished SqFt
- 2,440
- Area Total SqFt
- 2440
- Annual Tax Ammount
- 9200
- Lot Size (sq ft)
- 5,000
- Sewer
- Available
Property Description
The West Seattle Duplex is a two-unit property located at 3824 23rd Ave SW in the Delridge neighborhood. Delivered fully vacant at closing, it offers a highly flexible opportunity in the West Seattle multifamily market. Each unit features a 2-bedroom, 1.75-bath layout spanning 1,220 square feet, with private decks, in-unit laundry hookups, and single-car garages. The property is well suited for an owner-user, a light renovation value-add investor, or a hybrid strategy. A buyer can live in one unit and lease the other, or lease both after modest cosmetic upgrades to achieve strong market rents. Recent improvements include a new roof installed in 2021 and full copper plumbing. Interiors feature updated kitchens and bathrooms with stone countertops, along with LVP flooring in the upstairs unit. Conveniently located, the duplex offers quick access to Downtown Seattle via the West Seattle Bridge and is minutes from the West Seattle Junction and Alki Beach. It is also within walking distance of the future Delridge Light Rail Station, part of Sound Transit’s West Seattle Link Extension. Planned at SW Andover St and Delridge Way SW, construction is set to begin in 2027, with service expected in late 2032, supporting long-term rent growth and value appreciation.
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Additional Information
- List Date
- 2026-06-04 21:28:12
- Community
- Delridge
- Net Operating Income
- $37,720
- Gross Adjusted Income
- $54,720
- Gross Scheduled Income
- $57,600
- Total Monthly Income
- $4,800
- Insurance Expenses
- $2,200
- Water/Sewer/Garbage Expenses
- $3,000
- Gross Rent Multiplier
- 14.24
- Total Expenses
- $17,000
- Cap Rate
- 4.6
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 3824
- Potential Terms
- Cash, Conventional
- Year Built
- 1979
- Roof
- Composition
- Other Expenses
- 2600
- Energy Source
- Electric
- School District
- Seattle
- Total Monthly Income
- $4,800
- Gross Scheduled Income
- $57,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $54,720
- Tax Year
- 2026
- Insurance Expense
- $2,200
- W/S/G Expenses
- $3,000
- Total Expenses
- $17,000
- Net Operating Income
- $37,720
- Gross Rent Multiplier
- 14.24
- Cap Rate
- 4.6
Based on information submitted to the MLS GRID as of . 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, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.