416 Summit Avenue E, Seattle, WA 98102

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by: dan swanson
Office: kidder mathews
MLS#:2482505
Source:NWMLS
416 Summit Avenue E,Seattle, WA 98102
$3,375,000
  • - Beds
  • - Baths
  • 9,176 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,375,000
  • Price per sq. ft.:$367.81

About this home

A profitable, character-rich multifamily asset in highly desirable Capitol Hill neighborhood. Built in 1928, this well-maintained wood-frame property features 11 corner units (9 1-beds and 2 2-beds) each offering abundant natural light and spacious floor plans with dining areas and mulitple large closets. Property features old-world charm and all units are fully remodeled or new. Updated Square D panels and main service also appears to have been updated. Bathroom plumbing updates have been made on turnover. Select units feature walk-in closets, dining areas, and/or updated countertops. West facing top-floor units offer views of Downtown Seattle/Space Needle. Stable cash flow, historically low vacancy rates, and 6 parking spaces. With a walk score of 96, residents are near transit, restaurants, groceries, parks, and major employers. The property offers compelling value-add upside with multiple strategies: add a 12th unit in the existing building, retain the existing structure and add

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Home facts

  • Year built:1928
  • Listing ID #:2482505
  • Updated:March 05, 2026 at 01:22 AM

Rooms and interior

  • Flooring:Hardwood
  • Living area:9,176 sq. ft.

Heating and cooling

  • Heating:Radiant

Structure and exterior

  • Roof:Flat Roof
  • Year built:1928
  • Building area:9,176 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Alley, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Brick Exterior Finish

Schools

  • High school:Garfield High
  • Middle school:Meany Mid
  • Elementary school:Lowell

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,375,000
  • Price per sq. ft.:$367.81
  • Tax amount:$30,098 (2025)
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