Listing provided courtesy of COMPASSNWMLSas Distributed by MLSGrid- MLS# NWM2451055
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Request Info1718 Summit AvenueSeattle, WA 98122
Multi-Family · 1 Bed · 4,785 Sq. ft. | 0.11 Acres$1,699,000
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1718 Summit Avenue Overview
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11 Units - Cap Hill: 1718 Summit Avenue, a secure-access multifamily property in one of Seattle’s most desirable neighborhoods. The building features 6 studios and 5 - 1bed/1ba units, top-floor residences with vaulted ceilings, gated access, large courtyard and city views, and five off-street parking spaces. With a current 6.18% CAP rate and value-add potential through renovations, this asset offers stable income, long-term upside, and a prime Capitol Hill/Summit location steps from dining, retail, and transit.
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1718 Summit Avenue Facts & Features
- Type Multi-Family
- Sq. ft. 4,785
- Price/Sq.ft. $355
- Lot 0.11 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Seattle
Income/Expenses
- Other Expense: 22630
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 181689
- Insurance Expense: 5000
- Net Operating Income: 110007
- Total Expenses: 62597
- Total Monthly Income: 15141
- Water/Sewer/Garbage: 13888
Building Information
- New Construction: No
- Year Built: 1961
Location/Region
- Country: US
- County Or Parish: King
- MLS Area Major: 390 - Central Seattle
- Subdivision Name: Capitol Hill
Community/Development
- Amenities: Coin Op Laundry
Tax Information
- Tax Annual Amount: $21,079.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional
- Parcel Number: 8804900720
- Possible Use: Multi-Family
- Property Condition: Good
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 4785
- Building Area Units: Square Feet
- Calculated Square Footage: 4785
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 4785
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 3
Exterior
Parking Information
- Open Parking Spaces: 5
- Open Parking: Yes
- Parking Uncovered Spaces: 5
Lot Information
- Irrigation Water Rights: No
- Lot Features: Paved, Sidewalk
- Lot Size Acres: 0.1148
- Lot Size Square Feet: 5000
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- View: No
- Waterfront: No
Building Exterior/Construction
- Roof: See Remarks
- Structure Type: Multi Family
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Brick, Cement/Concrete, Wood Products
- Number Of Units Total: 2
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1257
- Beds Total: 0
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1446
- Beds Total: 1
- Baths Total: 1
1718 Summit Avenue Neighborhood
Community
98122 (Seattle) Demographics
31
Median Age
11,138
Population Density (per sq. mile)
74%
College Educated
$81,308
Estimated Median Income
6,230
Estimated Total Home Owners
15,007
Estimated Total Renters
29% / 71%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1718 Summit Avenue Monthly Cost
1718 Summit Avenue Market Data
Based on the last 30 days in this zip code
$960,048
Average List Price
$621
Average Price per Square Foot
35
Properties Sold
68
Average Days on Market
165
Properties for Sale