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416 Summit Ave E, Seattle, WA 98102

$2,572,609
Last sold 09/30/2015 for $2.7M
—
bed
—
bath
7,620
Sqft ($354/Sqft)

House not for sale

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About 416 Summit Ave E

Property type House

Neighborhood

Year built 1928

HOA fee $0/month

Lot size 7,200 Sqft

Movoto estimate

Property description

The Oriana Apartments, located in the ever-popular Capitol Hill neighborhood of Seattle, Washington, is a value-add opportunity with multiple strategies to significantly improve cash flow. To achieve this, a buyer may simply increase rents with very basic improvements upon turnover, remodel apartments, add a unit, potentially redevelop the back half of the lot, and/or teardown and rebuild a +/-50 Unit apartment building.

Listed by

Listing Agent - Dan Swanson

Listing Office - Kidder Mathews

Source: NWMLS

MLS#817089 • last updated 1 year ago

Movoto checked NWMLS for data 9 minutes ago

Overview
Levels/Style	Multi Family
MLS #	817089
SubType	Multi-Family
Type	Residential Income
SqFt	7620
Status	Sold
Lot Size (SqFt)	7200
Lot Size (Acres)	0.1653
Property Tax	17672
Buying Office	Kidder Mathews
Year Built	1928
Buying Office Phone	360-705-2800

Interior
Flooring	Hardwood

Exterior
Foundation	Slab
Roof	Torch Down
# Covered Spaces	6
# Parking Spaces	6

Amenities / Utilities
Green Features: Energy Efficient	Thermal Windows
Sewer/ Septic	Sewer Connected, SPU
Water	Public
Water Company	SPU
Power Company	Seattle City Light
Power Production: Type	Electric
HOA Amenities	Basement, Coin Op Laundry, Thermal Windows

Location
View	City
County	King
Subdivision	Capitol Hill
Area	390 - Central Seattle
Elementary School	Lowell
Middle School	Buyer To Verify
High School District	Seattle
High School	Buyer To Verify
APN	6848200460
Directions	Driving East From Downtown Seattle Turn East On E Olive Way Then North On Summit Avenue East.
Zoning	Multi-Family

Multifamily Details
Net Operating Income	113746
Capitalization Rate	4
Expense: Insurance	4300
Gross Scheduled Income	183260
Expense: Other	20708
Gross Adjusted Income	175930
Total Expenses	62183
Gross Rent Multiplier	17
Nwm_Totalmonthlyincome	15272
Vacancy Rate	4

$2.57M

Range: $2.31M-$2.82M

Last 30 days

Rental est.: $690/month

• Gross rent multiplier: 326.1

Lower your payment with the loan terms that fit you.

Feb 2026
MLS # 2482505
Feb 19, 2026 Listed
$3,375,000 (+25.1%)
Sep 2015
Public Records
Sep 30, 2015 Sold
$2,698,000
Sep 2015
MLS # 817089
Sep 30, 2015 Sold
$2,700,000 (-15.6%)
Aug 3, 2015 Pending
—
Jul 9, 2015 Listed
$3,200,000
Jul 8, 2015 Listed
$3,200,000

416 Summit Ave E
$2.7M
Broadway
$549K -48% y/y
98102
$799K -22% y/y
Seattle
$675K -15% y/y

No chart available

Statistics calculated by Movoto

	Est. value	Bed/bath	Sqft	mi
416 E Harrison St, Seattle, WA 98102	$1,289,000	2/1	1,830	0.04
408 E Harrison St, Seattle, WA 98102	$1,186,000	3/2	1,950	0.05
508 E Republican St, Seattle, WA 98102	$1,163,000	4/1	1,520	0.06
602 E Harrison St, Seattle, WA 98102	$1,401,000	3/1	2,210	0.06
316 Belmont Ave E, Seattle, WA 98102	$1,166,000	3/1	1,690	0.1
312 Belmont Ave E, Seattle, WA 98102	$1,162,000	3/1	1,750	0.1
315 Boylston Ave E, Seattle, WA 98102	$1,135,000	3/1	1,480	0.1
311 Boylston Ave E, Seattle, WA 98102	$1,406,000	3/1	2,180	0.1

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.