1718 Summit Avenue, Seattle, WA 98122
- $1,699,000
- 4,785
- SqFt
Listing courtesy of COMPASS.
- List Price
- $1,699,000
- Status
- ACTIVE
- MLS#
- 2451055
- Price Change
- ▼ $81,000 1777342761
- Days on Market
- 304
- Style
- 56 - 10+ Units
- Building Condition
- Good
- Finished SqFt
- 4,785
- Lot Size (sq ft)
- 5,000
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.
/u.realgeeks.media/jetyourestate/Untitled-1.png)
Additional Information
- List Date
- 2025-11-14 21:35:31
- Community
- Capitol Hill
- Potential Terms
- Cash, Conventional
- Year Built
- 1961
- Roof
- See Remarks
- 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
Mortgage Calculator
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.