5221 38th Avenue SW Seattle WA 98126 MLS #NWM2344856

Excellent investment opportunity located on a quiet, dead-end street near Alaska & Morgan Junction amenities, Fairmount Park, & w/easy access to the West Seattle bridge. This well-maintained 4-plex includes 2 bed, 1 bath end-units approx 820 SF, all w/good natural light, functional layouts, a small deck or yard, & in-unit W/D. Enjoy solid income w/the ability to improve operations, renovate on turnover, or potential to owner-occupy. Find an attached 2-car garage & sizable storage areas + an additional 6-8~ tandem parking off the alley. The 6,545 SF street-to-alley LR2(M) lot provides future development potential. Recent improvements include exterior paint & reglazing 36 windows. This is a flexible asset w/ multiple investment strategies.
Property Details
Price:
$1,375,000
MLS #:
NWM2344856
Status:
Active
Beds:
0
Baths:
0
Address:
5221 38th Avenue SW
Type:
Multi Family
Subdivision:
Fairmount
Neighborhood:
140 – West Seattle
City:
Seattle
Listed Date:
Apr 30, 2025
State:
WA
Finished Sq Ft:
3,280
Total Sq Ft:
3,280
ZIP:
98126
Lot Size:
6,545 sqft / 0.15 acres (approx)
Year Built:
1954
Units:
4
Schools
School District:
Seattle
Interior
Cooling
None
Flooring
Vinyl, Vinyl Plank, Carpet
Heating
Baseboard
Exterior
Construction Materials
Wood
Exterior Features
Wood
Parking Spots
8
Roof
Composition
Financial
Tax Year
2025
Taxes
$11,884
Map
Contact Us
Mortgage Calculator
Similar Listings Nearby
- 1588 Alki Avenue SW
Seattle, WA$1,750,000
2.40 miles away
- 10653 10655 22nd Place S
Seattle, WA$1,450,000
4.88 miles away
- 3215 37th Place S
Seattle, WA$1,399,950
4.57 miles away
- 1493 S Columbian Way
Seattle, WA$1,300,000
3.26 miles away
- 1713 Belmont Avenue
Seattle, WA$1,200,000
4.99 miles away
- 7333 39th Avenue SW
Seattle, WA$1,200,000
1.28 miles away
- 7070 E Marginal Way S
Seattle, WA$1,200,000
2.94 miles away
- 6968 24th Avenue SW
Seattle, WA$1,175,000
1.35 miles away
- 2306 Bonair Place SW -1827
Seattle, WA$1,100,000
2.14 miles away

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. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated May-07-2025 2:08:05 am. © 2025 NWMLS.
5221 38th Avenue SW
Seattle, WA
LIGHTBOX-IMAGES