Movoto Real Estate
Sold on 03/13/2026
  • Exterior
  • Other
  • Kitchen
  • Bedroom
  • Living

231 Summit Ave E, Seattle, WA 98102

  • $2,000,000

    Last sold 03/13/2026 after 211 Days

  • bed

  • bath

  • 5,448

    Sqft ($367/Sqft)

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About 231 Summit Ave E

Property type House
Neighborhood
Year built 1925
HOA fee $0/month
Lot size 4,271 Sqft
Movoto estimate
Property description
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.
Listed by
Listing Agent - James Eeckhoudt Jr.
Listing Office - 206 Property Advisors
Source: NWMLS mls logo
MLS#2420922 • last updated 2 months ago
Movoto checked NWMLS for data 18 minutes ago
Overview
Cooling/AC None
Heating Baseboard
Levels/Style Triplex
MLS # 2420922
SubType Multi Family
Type Residential Income
SqFt 5448
Status Sold
Lot Size (SqFt) 4271
Lot Size (Acres) 0.098
Property Tax 17419
Buying Office Berkshire Hathaway HS NW
Year Built 1925
Buying Office Phone 425-453-9100
Interior
Exterior
Roof Flat
Construction Brick
Exterior Features Brick
Amenities / Utilities
Sewer/ Septic Sewer Connected, SPU
Water Public
Water Company SPU
Power Company City Light
Power Production: Type Electric, Natural Gas
Location
View City
County King
Subdivision Capitol Hill
Area 390 - Central Seattle
Elementary School Lowell
Middle School Meany Mid
High School District Seattle
High School Garfield High
APN 2925049092
Multifamily Details
Net Operating Income 97203
Capitalization Rate 4.43
Expense: Insurance 4507
Gross Scheduled Income 136824
Expense: Other 1853
Gross Adjusted Income 131351
Total Expenses 27973
Gross Rent Multiplier 16
Nwm_Totalmonthlyincome 11402
Vacancy Rate 4
$1.96M
Range: $1.76M-$2.15M
Last 30 days 
Rental est.: $735/month
Gross rent multiplier: 249.0
Powered By Movoto
  • Mar 2026
    mls logo MLS # 2420922
  • Mar 13, 2026 Sold
    $2,000,000 (-8.9%)
  • Aug 27, 2025 Pending
  • Aug 14, 2025 Listed
    $2,195,000
  • 231 Summit Ave E
    $2M
  • Broadway
    $629K -35% y/y
  • 98102
    $890K -16% y/y
  • Seattle
    $699K -11% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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