1718 Summit Ave

Seattle, WA 98122

$1,780,000
Price
1
Bed
2
Baths
4,785 Sq. Ft.
$372 / Sq. Ft.
4,785
Sq. Ft.
$372
per Sq. Ft.
Listed By Compass
Listed By Compass
a balcony with view of an outdoor seating
a front view of a building with lot of cars and trees
a view of an empty room
a view of an empty room with a window
a kitchen with stainless steel appliances granite countertop a sink stove and cabinets
a kitchen with stainless steel appliances granite countertop a stove and a refrigerator
a view of front door
a bathroom with a sink mirror and toilet
a view of a corridor
a view of a house with a potted plant
an aerial view of city
Listing provided courtesy of Compass, Keller Williams Realty Bothell

Description

11 Units - Cap Hill: 1718 Summit Avenue, a secure-access multifamily property in one of Seattle’s most desirable neighborhoods. The building features 6 studios and 5 - 1bed/1ba units, top-floor residences with vaulted ceilings, gated access, large courtyard and city views, and five off-street parking spaces. With a current 6.18% CAP rate and value-add potential through renovations, this asset offers stable income, long-term upside, and a prime Capitol Hill/Summit location steps from dining, retail,...11 Units - Cap Hill: 1718 Summit Avenue, a secure-access multifamily property in one of Seattle’s most desirable neighborhoods. The building features 6 studios and 5 - 1bed/1ba units, top-floor residences with vaulted ceilings, gated access, large courtyard and city views, and five off-street parking spaces. With a current 6.18% CAP rate and value-add potential through renovations, this asset offers stable income, long-term upside, and a prime Capitol Hill/Summit location steps from dining, retail, and transit.

Listing Agent

  1. Erich Bubbel

    Erich Bubbel

    Listing Agent

    Compass

    erich.bubbel@compass.com

    P: (206)-399-3285

    CallTextEmail

Property Details for 1718 Summit Avenue

Community Name
Capitol Hill
School District
Seattle
Number of Assigned Spaces
5
Total Covered Parking
0
Entry Date
10-30-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 10/31/2025 03:55 PM

Property Details for 1718 Summit Avenue

StatusActive
MLS #2451055
Days on Market52
Cumulative Days on Market52
Taxes$21,079 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1961
Lot Size0.11 AC / 5,000 SF
CountyKing County
Buyer's Agent Compensation2.5%

Location

Listing Courtesy of Compass; Keller Williams Realty Bothell
Add your commute

Building Information for 1718 Summit Avenue

Stories3Residences2Year Built1961Building Size-Lot Size0.11 AC / 5,000 SF

Payment Calculator

$10,552 per month

30 year fixed, 6.28% Interest

Principal and Interest

$8,796

Property Taxes

$1,757

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1718 Summit Avenue

Summary
Location and General Information
  • Style: 56 - 10+ Units
  • Area: 390 - Central Seattle
  • Directions: GPS
  • Leased Items: Washer/Dryer
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 5.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Amenities: Coin Op Laundry
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Brick, Cement/Concrete, Wood Products
  • Roof: See Remarks
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 13888
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: See Remarks
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 11
Lot Information
  • Lot Details: Paved, Sidewalk
  • Lot Size Source: Public
  • Parcel Number Free Text: 8804900720
  • Building Condition: Good
  • Calculated Square Footage: 4785
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4785.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 5
  • Number of Stories in Building: 3
  • Vacancy Rate: 5
  • Number Of Units Total: 2
  • Units Below Grade: false
  • Units In Building Total: 11
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 62597
  • Gross Adjusted Income: 172604
  • Gross Rent Multiplier: 9.8
  • Gross Scheduled Income: $181,689
  • Insurance Expense: $5,000
  • Net Operating Income: $110,007
  • Other Expenses: $22,630
  • Total Monthly Income: 15141
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1-6
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 380
  • Rent Unit 1: $1,257.00
  • Bedrooms Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 7-11
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 500
  • Rent Unit 2: $1,446.00
  • Bedrooms Unit 2: 1
  • Bathrooms Unit 2: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4785.0

Property History for 1718 Summit Avenue

DateEvent & SourcePriceAppreciation
Oct 30, 2025

Listed (Active)

NWMLS #2451055

$1,780,000—
Feb 28, 2012

Sold

NWMLS #285451

$1,290,000—
Feb 16, 2012

Sold (Public Record)

Public Record #324647077

$1,290,000

+6.5% / yr

Nov 21, 2011

Pending

NWMLS #285451

—
Sep 23, 2011

Listed (Active)

NWMLS #285451

$1,350,000—
Mar 30, 2006

Sold (Public Record)

Public Record #193445897

$890,000

+1.2% / yr

Nov 22, 2004

Sold

NWMLS #24112266

$873,000—
Nov 21, 2004

Pending

NWMLS #24112266

—
Nov 9, 2004

Sold (Public Record)

Public Record #146862153

$875,000—
Aug 10, 2004

Listed (Active)

NWMLS #24112266

$925,000—
DateEvent & SourcePrice
10/30/2025

Listed (Active)

NWMLS #2451055

$1,780,000
02/28/2012

Sold

NWMLS #285451

$1,290,000
02/16/2012

Sold (Public Record)

Public Record #324647077

$1,290,000

+6.5% / yr

11/21/2011

Pending

NWMLS #285451

—
09/23/2011

Listed (Active)

NWMLS #285451

$1,350,000
03/30/2006

Sold (Public Record)

Public Record #193445897

$890,000

+1.2% / yr

11/22/2004

Sold

NWMLS #24112266

$873,000
11/21/2004

Pending

NWMLS #24112266

—
11/09/2004

Sold (Public Record)

Public Record #146862153

$875,000
08/10/2004

Listed (Active)

NWMLS #24112266

$925,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1718 Summit Avenue

Taxable ValueLand$2,000,000Additions$191,000Total$2,191,000
Tax Record2024$24,866 ($2,072 / month)
Home Facts
Total Finished SqFt4,785 SqFtAbove Ground SqFt4,785 SqFtStories2Lot Size5,000 SqFtStyleMulti-Family Dwelling (2-4)Year Built1961Year Renovated1991ZoningMR (M)CountyKINGAPN880490-0720

Schools near 1718 Summit Avenue

This home is within Seattle Public Schools.
Rating
School
Type
Grades
Distance
Lowell Elementary School
Public - PK to 5
Edmonds S. Meany Middle School
Public - 6 to 8
Garfield High School
Public - 9 to 12
Hutch School
Public - PK to 12
Rating
School
Distance
Lowell Elementary School
PublicPK to 5

Edmonds S. Meany Middle School
Public6 to 8

Garfield High School
Public9 to 12

Hutch School
PublicPK to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1718 Summit Avenue, Seattle, WA 98122

1718 Summit Avenue is a multi-family home for sale in Seattle, WA 98122. This property was listed for sale on October 30, 2025 by Compass, it's currently listed at $1,780,000. It has been on the market for a total of 52 days and was last sold on February 28, 2012. This listing's school district is Seattle Public Schools. Nearby schools include Lowell Elementary School, Edmonds S. Meany Middle School and Garfield High School. 1718 Summit Avenue is a 1-bed, 2-bath, 4,785 sqft multi-family home built in 1961.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass; Keller Williams Realty Bothell

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/21/2025 12:34 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.