1718 Summit Avenue, Seattle, WA 98122

$1,699,000
4,785
SqFt

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Listing courtesy of COMPASS.

List Price
$1,699,000
Status
ACTIVE
MLS#
2451055
Price Change
▼ $81,000 1777342761
Days on Market
254
Style
56 - 10+ Units
Building Condition
Good
Finished SqFt
4,785
Area Total SqFt
4785
Annual Tax Ammount
21079
Lot Size (sq ft)
5,000
Sewer
Sewer Connected

Property Description

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 6.93% 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.

Additional Information

List Date
2025-11-14 21:43:11
Community
Capitol Hill
Net Operating Income
$117,784
Gross Adjusted Income
$176,150
Gross Scheduled Income
$185,421
Total Monthly Income
$15,452
Insurance Expenses
$5,000
Water/Sewer/Garbage Expenses
$13,888
Gross Rent Multiplier
9.16
Total Expenses
$62,597
Cap Rate
6.93
Vacancy Rate
5
Total Number of Units
2
Unit Name
1718
Potential Terms
Cash, Conventional
Year Built
1961
Roof
See Remarks
Other Expenses
22630
Energy Source
Electric
School District
Seattle
Total Monthly Income
$15,452
Gross Scheduled Income
$185,421
Vacancy Rate
5
Gross Adjusted Income
$176,150
Tax Year
2025
Insurance Expense
$5,000
W/S/G Expenses
$13,888
Total Expenses
$62,597
Net Operating Income
$117,784
Gross Rent Multiplier
9.16
Cap Rate
6.93
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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