Investment Overview

Marcus & Millichap, Inc., as the exclusive listing broker, is pleased to present the opportunity to acquire a well maintained tri-plex in the North Delridge neighborhood of West Seattle. Ideally situated near the West Seattle Bridge, this property pairs a convenient commute to Seattle & Bellevue with all that West Seattle has to offer. Located near the West Seattle golf course in North Delridge, 4556 Delridge enjoys a strategic position within West Seattle with Downtown Seattle just 10 minutes away. This central location ensures residents have quick access to shopping, dining, major highways, public transportation, and numerous amenities. West Seattle also features a variety oflocal beaches and parks, including Alki Beach, Puget Park, Schmitz Preserve Park, and Lincoln Park, offering ample opportunities for outdoor recreation and leisure activities. Built in 1966, this well-maintained tri-plex has undergone several upgrades in recent years, including renovations to the top floor unit. 4556 Delridge is currently fully occupied, but an incoming buyer would also have the option to owner occupy the property through removal of a tenant. Leased units are at an average rent of $1,473 per unit. There is an opportunity to significantly increase rental returns through renovating the remaining two units. Comparable rentals in the area suggest that such renovations could yield an additional $800 per month per unit on average.