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231 Summit Avenue E Seattle, WA $ 2,195,000
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$ 2,195,000 Get more info
231 Summit Avenue E
$ 2,195,000
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Share Save

231 Summit Avenue E

Seattle, WA, 98102
$ 2,195,000
Baths0.0 Sq 5,448

Monthly Estimate*

$ 13,694

Listed by 206 Property Advisors
231 Summit Avenue E, Seattle, WA 98102 - Image 1
231 Summit Avenue E, Seattle, WA 98102 - Image 2
231 Summit Avenue E, Seattle, WA 98102 - Image 3
231 Summit Avenue E, Seattle, WA 98102 - Image 4
231 Summit Avenue E, Seattle, WA 98102 - Image 5
231 Summit Avenue E, Seattle, WA 98102 - Image 6
231 Summit Avenue E, Seattle, WA 98102 - Image 7
231 Summit Avenue E, Seattle, WA 98102 - Image 8
231 Summit Avenue E, Seattle, WA 98102 - Image 9
231 Summit Avenue E, Seattle, WA 98102 - Image 10
Studio

Multi-Family Home for sale in Seattle, WA

for $2,195,000. This 5,448 square foot home was built in 1925 on a lot size of 0.098.

Exceptional opportunity to own a historic retail flex space below two gorgeous rental units adjacent to South Lake Union on Capitol Hill's western slope.The versatile commercial space has a well-designed layout with private offices, conference room, two bathrooms, large private back patio, a basement kitchen, and 1920's original features such as terrazo flooring and a working walk-in bank vault. The 2nd floor features two huge 1-bedroom apartments with modern convienceces and charming period details. With walk-in closets, lots of light, tall cielings, and built-ins, units are rarely vacant and fetch top market rents for this thriving urban area. ADU pontential in the back. Property could qualify for SBA loan to an occupied business.

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Multi-Family Pending

Price

$ 2,195,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 17,419

Style

Tri-plex

Lot Size

0.098

Year Built

1925

Town/City

Seattle

County/Region

King

MLS | Web ID

2420922
Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Flat
HOA Fee 0
Year Built 1925
View City
Property Subtype Multi Family
Tax Year 2025
County King
Net Operating Income 97203
Insurance Expense 4507
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Capitol Hill
Special Listing Conditions None
Status Pending
Directions From I-5 North take the Stewart St to Denny Way exit take a left on E Denny Way Left on E Olive Way Left on Summit Ave E.From I-5 South take exit 166 onto Olive Way left onto Summit Ave E.
High School Garfield High
City Seattle
Senior Community Y/N N
High School District Seattle
Open Parking Spaces 0
Number Of Units Total 3
MLS Area 390 - Central Seattle
Lot Size Units Square Feet
Lot Size Square Feet 4271
Carport Spaces 0
Carport Y/N N
Listing Terms Conventional
Elementary School Lowell
Tax Annual Amount 17419
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Meany Mid
Public Remarks Exceptional opportunity to own a historic retail flex space below two gorgeous rental units adjacent to South Lake Union on Capitol Hill's western slope.The versatile commercial space has a well-desi
Leasable Area 4106
Structure Type Triplex
Building Area Units Square Feet
Standard Status Pending
Water Company SPU
Units Below Grade false
Units In Building Total 3
Water Sewer Garbage 4194
Property Style 53 - Tri-plex
Cap Rate 4.43
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Exterior
Exterior Amenities Brick
Water Source Public
Total Parking 0
Building Area Total 5448
Lot Dimensions 4 271
Lot Size Acres 0.098
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Parking Uncovered Spaces 0
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Interior
Flooring Ceramic Tile Concrete Hardwood Vinyl Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2420922
Street Number 1 231
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* Excluded Features
List By
James Eeckhoudt Jr.

Listing Agent

206 Property Advisors

Broker

Affordability Calculator

$15,146
Per Month
90%
10%
0%
Monthly Principal & Interest
$13,694
Monthly Property Taxes
$1,452
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
258528 Elementary School
1261254 Middle School
Garfield High High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
8/14/2025$2,195,000 Listed Price

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231 Summit Avenue E, Seattle, WA, 98102 is a Multi-Family Home for sale at $2,195,000 with 5,448 sqft and a lot size of 0.098. 231 Summit Avenue E is a studio with 0.0 baths and was built in 1925. The property's zip code is 98102 which is in Seattle, WA

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