Pending

$2,195,000

0 Beds 0 Baths 5,448 SQFT 0.10 Acres

Type: Pending

231 Summit Avenue E
Seattle, WA 98102

MLS#: 2420922

Presented by: 206 Property Advisors and NWMLS

Property Description

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.

Interior Features

Bedrooms

Bedrooms Possible0

Bedrooms Upper0

Bathrooms

Baths Full Upper0

Baths Half Upper0

Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo

Fireplace Y/NNo

FlooringCeramic Tile, Concrete, Hardwood, Vinyl, Carpet

Heating Y/NYes

Power Production TypeElectric, Natural Gas

Total Fireplaces0

Total Stories3

General

Building Area Units0 sqft

Cap Rate4.43

Carport Spaces0

Carport Y/NNo

CitySeattle

CoolingNone

CountyKing

DirectionsFrom 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.

Electric Expense0

Elementary SchoolLowell

Fuel Expense0

HOANo

HOA Fee$0

HeatingBaseboard

High SchoolGarfield High

High School DistrictSeattle

Insurance Expense4507

Leasable Area4,106 sqft

Listing TermsConventional

Living Area0 sqft

Lot Size Square Feet4,271 sqft

Lot Size UnitsSquare Feet

MLS Area390 - Central Seattle

Middle/Junior High SchoolMeany Mid

NWM_ShowMapLinkY

Net Operating Income97203

New ConstructionNo

Number Of Units Total3

Open Parking Spaces0

PossessionClosing

Property Style53 - Tri-plex

Property SubtypeMulti Family

Property TypeResidential Income

Public RemarksExceptional 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

RoofFlat

Senior Community Y/NNo

SewerSewer Connected

Special Listing ConditionsNone

Standard StatusPending

StatusPending

Structure TypeTriplex

Subdivision NameCapitol Hill

Tax Annual Amount$17,419

Tax Year2025

Units Below Gradefalse

Units In Building Total3

ViewCity

Water CompanySPU

Water Sewer Garbage4194

Year Built1925

Exterior

Building Area Total5,448 sqft

Covered Spaces0

Exterior AmenitiesBrick

Irrigation Water Rights Y/NNo

Lot Dimensions4, 271

Lot Size Acres0.098

Parking Uncovered Spaces0

Total Parking0

Water SourcePublic

Waterfront Y/NNo

Additional Details

Price History

Schools

Elementary School Lowell Elementary School

High School Garfield High

Middle School Meany Mid

Similar Properties

$2,195,000

0 Beds 0 Baths 5,448 SQFT 0.10 Acres

Type: Pending

231 Summit Avenue E
Seattle, WA 98102

MLS#: 2420922

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Property

$2,195,000

231 Summit Avenue ESeattle, WA 98102

Property Description

Interior Features

Bedrooms

Bathrooms

Other Interior Features

General

Exterior

Additional Details

Price History

Schools

Similar Properties

$2,195,000

231 Summit Avenue ESeattle, WA 98102

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231 Summit Avenue E
Seattle, WA 98102

231 Summit Avenue E
Seattle, WA 98102