Presented by: COMPASS and NWMLS
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 6.18% 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.
Interior Features
Bedrooms
Bedrooms Upper0
Bathrooms
Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories3
General
AmenitiesCoin Op Laundry
Building Area Units0 sqft
Cap Rate6.18
Carport Spaces0
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsGPS
Electric Expense0
Fuel Expense0
HOANo
HOA Fee$0
HeatingBaseboard
High School DistrictSeattle
Insurance Expense5000
Leasable Area4,785 sqft
Listing TermsCash Out, Conventional
Living Area0 sqft
Lot Size Square Feet5,000 sqft
Lot Size UnitsSquare Feet
MLS Area390 - Central Seattle
NWM_ShowMapLinkY
Net Operating Income110007
New ConstructionNo
Number Of Units Total2
Open Parking Spaces5
PossessionClosing
Possible UseMulti-Family
Property ConditionGood
Property Style56 - 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks11 Units - Cap Hill: 1718 Summit Avenue, a secure-access multifamily property in one of Seattles most desirable neighborhoods. The building features 6 studios and 5 - 1bed/1ba units, top-floor residen
RoofSee Remarks
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameCapitol Hill
Tax Annual Amount$21,079
Tax Year2025
Units Below Gradefalse
Units In Building Total11
Water Sewer Garbage13888
Year Built1961
Zoning DescriptionMulti-Family
Exterior
Building Area Total4,785 sqft
Covered Spaces0
Exterior AmenitiesBrick, Cement/Concrete, Wood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesPaved, Sidewalk
Lot Size Acres0.1148
Parking Uncovered Spaces5
Total Parking5
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
N/A
Elementary School
N/A
Middle School
N/A
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