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3824 23rd Ave SW
Seattle, WA 98106
West Seattle Duplex · Multifamily Property For Sale
·
2 Units
Investment Highlights
- Both units delivered vacant at closing, providing maximum flexibility for owner occupancy or full lease up
- Kitchen and bathrooms have already been renovated, light renovation upside in downstairs unit
- 2 single car garages, private decks, and a side and back yard gardens
- 2 2-bedroom, 1.75 bath units at 1,220 SF each
- Direct downtown access via the West Seattle Bridge with current RapidRide H bus service pending light rail completion
- Recent capital improvements include a 2021 roof replacement and copper plumbing throughout
Executive Summary
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.
Property Facts
| Price Per Unit | $625,621 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 4.19% | Building Size | 2,440 SF |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1979 |
| Zoning | LR1 (M) | ||
| Price Per Unit | $625,621 CAD |
| Sale Type | Investment |
| Cap Rate | 4.19% |
| No. Units | 2 |
| Property Type | Multifamily |
| Apartment Style | Low-Rise |
| Lot Size | 0.11 AC |
| Building Size | 2,440 SF |
| No. Stories | 2 |
| Year Built | 1979 |
| Zoning | LR1 (M) |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1.5 | 2 | $3,337 CAD | 1,220 |
Property Taxes
| Parcel Number | 284870-0175 | Improvements Assessment | $379,544 CAD |
| Land Assessment | $809,137 CAD | Total Assessment | $1,188,681 CAD |
Property Taxes
Parcel Number
284870-0175
Land Assessment
$809,137 CAD
Improvements Assessment
$379,544 CAD
Total Assessment
$1,188,681 CAD
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