416 Summit Avenue E, Seattle, WA 98102

Seattle
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
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:April 26, 2026 at 11:07 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)
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of April 26, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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