1718 Summit Ave - Apartments FOR SALE


Seattle, WA 98122- Capitol Hill
$1,780,000 USD
206-399-3285
1718 Summit Ave, Seattle, WA for Sale
$1,780,000 USD
Apartments - FOR SALE
1/12
null | 6.18% Cap Rate

1718 Summit Ave
Seattle, WA 98122
Capitol Hill


OVERVIEW

The Investment Sales Group & Keller Williams Commercial is pleased to present 1718 Summit Avenue, a multifamily asset located in one of Seattle's most bustling and desirable neighborhoods. This secure access building offers a highly desirable mix of studio and one-bedroom units, with the added appeal of city views from the top floor. The property also includes five off-street parking spaces, a rare and valuable amenity in this prime urban core location, significantly enhancing its attractiveness to prospective tenants. The top floor units boast vaulted ceilings, offering a distinctive feature that further elevates the property's desirability. With a stable operational history and significant upside potential through strategic renovations, this property presents an attractive opportunity for investors seeking strong long-term returns in a growing market. 1718 Summit Avenue is ideally located in one of Seattle's most bustling neighborhoods, offering unrivaled access to the city's vibrant lifestyle and amenities. This prime location, combined with the property’s unique features and strong growth potential, makes it a standout opportunity for investors looking to capitalize on Seattle’s dynamic real estate market.

FOR SALE DETAILS

PRICE

$1,780,000 USD

PRICE/SF

$205 USD /SF

# OF UNITS

11

PRICE/UNIT

$161,818

CAP RATE

6.18%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1718 Summit Ave

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,001 SF

ZONING

MR, Seattle

APN/PARCEL ID

880490-0720

ASK ABOUT THIS PROPERTY

Erich BubbelCOMPASSMore Info
206-399-3285

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Erich BubbelCOMPASSMore Info
206-399-3285

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.