$820,000

4 Beds 4 Baths 2,440 SQFT 0.11 Acres
Type: Multi-Family

3824 23rd Avenue SW
Seattle, WA 98106

MLS#: 2534220
Presented by: Paragon Real Estate Advisors and NWMLS

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.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Cap Rate4.6
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsTake I-5 S and W Seattle Brg to Delridge Wy SW. Take the Delridge Way SW exit from W Seattle Brg. Turn left onto SW Andover St. Turn left at the 1st cross street onto 23rd Ave SW. Destination on righ
Electric Expense0
Fuel Expense0
Garage Spaces2
HOANo
HOA Fee$0
HeatingWall Furnace
High School DistrictSeattle
Insurance Expense2200
Leasable Area2,440 sqft
Listing TermsCash, Conventional
Living Area0 sqft
Lot Size Square Feet5,000 sqft
Lot Size UnitsSquare Feet
MLS Area140 - West Seattle
NWM_ShowMapLinkY
Net Operating Income37720
New ConstructionNo
Number Of Units Total2
PossessionClosing, Subject To Tenant Rights
Possible UseMulti-Family
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksThe 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
RoofComposition
Senior Community Y/NNo
SewerAvailable
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameDelridge
Tax Annual Amount$9,200
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Water Sewer Garbage3000
Year Built1979
Zoning DescriptionMulti-Family

Exterior

Building Area Total2,440 sqft
Covered Spaces2
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot Size Acres0.1148
Parking Uncovered Total0
Total Parking2
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$820,000

4 Beds 4 Baths 2,440 SQFT 0.11 Acres
Type: Multi-Family

3824 23rd Avenue SW
Seattle, WA 98106

MLS#: 2534220