Seattle, WA 98102 231 Summit Avenue E
$2,195,000
Pending
5 more
Presented By: 206 Property Advisors and NWMLS
- MLS# 2420922
- 08/14/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 5,448
Home Details
Exceptional opportunity to own a historic retail flex space below two gorgeous rental units adjacent to South Lake Union on Capitol Hill’s western slope.The versatile commercial space has a well-designed layout with private offices, conference room, two bathrooms, large private back patio, a basement kitchen, and 1920’s original features such as terrazo flooring and a working walk-in bank vault. The 2nd floor features two huge 1-bedroom apartments with modern convienceces and charming period details. With walk-in closets, lots of light, tall cielings, and built-ins, units are rarely vacant and fetch top market rents for this thriving urban area. ADU pontential in the back. Property could qualify for SBA loan to an occupied business.
Presented By: 206 Property Advisors and NWMLS
Interior Features for 231 Summit Avenue E
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Concrete, Hardwood, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric, Natural Gas
Total Fireplaces
Total Stories3
General for 231 Summit Avenue E
Building Area UnitsSquare Feet
Cap Rate4.43
Carport Spaces
Carport Y/NNo
CitySeattle
CoolingNone
CountyKing
DirectionsFrom I-5 North take the Stewart St to Denny Way exit, take a left on E Denny Way, Left on E Olive Way, Left on Summit Ave E.From I-5 South take exit 166 onto Olive Way, left onto Summit Ave E.
Electric Expense
Elementary SchoolLowell
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolGarfield High
High School DistrictSeattle
Insurance Expense4507
Leasable Area4106
Listing TermsConventional
Lot Size Square Feet4271
Lot Size UnitsSquare Feet
MLS Area390 – Central Seattle
Middle/Junior High SchoolMeany Mid
ModificationTimestamp2025-08-27T18:59:14.952Z
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 Amount17419
Tax Year2025
Units Below Gradefalse
Units In Building Total3
ViewCity
Water CompanySPU
Water Sewer Garbage4194
Year Built1925
Exterior for 231 Summit Avenue E
Building Area Total5448
Covered Spaces
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
Josh QA1
REALTOR ® SRES ®