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$2,195,000 Sale Pending

  • For Sale
  • Pending
  • Multi-Family

Listed by James Eeckhoudt Jr. | 206 Property Advisors | (206) 818-4098

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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.

Full Property Details for 231 Summit Ave E

General

  • Price: $2,195,000
  • Taxes: $17,419 (2025)
  • Status: Pending
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2420922
  • Updated: 8/27/2025
  • Added to Site: 155 day(s) ago

Interior

  • Flooring: Ceramic Tile, Concrete, Hardwood, Vinyl, Carpet

Location

  • Area: 390 - Central Seattle
  • County: King
  • Subdivision: Capitol Hill
  • Driving Directions: From I-5 North take the Stewart St to Denny Way exit, take a left on E Denny Way, Left on E Olive Way, Left on Summit Ave E.From I-5 South take exit 166 onto Olive Way, left onto Summit Ave E.

School Information

  • High School District: Seattle
  • Elementary School: Lowell
  • Middle School: Meany Mid
  • High School: Garfield High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Triplex
  • Exterior Const.: Brick
  • Roof: Flat
  • Stories in Building: 3
  • Square Feet: 5,448
  • Year Built: 1925

Unit Information

  • Units in Building: 3

Lot Features

  • Property View: City
  • Lot Size (Acres): 0.098
  • Lot Size (Sq. Ft.): 4,271
  • Lot Size Source: King County
  • Lot Dimensions: 4271

Financial Considerations

  • Tax Amount: $17,419
  • Tax Year: 2025
  • Terms: Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 2925049092

Listed by James Eeckhoudt Jr. | 206 Property Advisors | (206) 818-4098

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 231 Summit Ave E

School District:Seattle School District
NameGradesDistance
Lowell Elementary School, Seattle, WA
1058 East Mercer Street, Seattle, WA 98102
PK-50.5 mi
Edmonds S. Meany Middle School
301 21st Avenue East, Seattle, WA 98112
6-81 mi
Garfield High School
400 23rd Avenue, Seattle, WA 98122
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 231 Summit Ave E Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/14/2025
Listed
$2,195,000
23.46%
MLS
10/13/2022
Sold
$1,777,838
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 231 Summit Ave E

Year
Property Taxes
Change
Tax Assessment
Change
2024
$19,174
—
$1,807,400
17%
2024
$19,174
45%
$1,538,500
—
2022
$13,184
-20%
$1,538,500
—
2021
$16,528
—
$1,538,500
-10%
2021
$16,528
8%
$1,709,400
7%
2020
$15,361
21%
$1,602,600
9%
2019
$12,742
17%
$1,474,400
35%
2018
$10,917
52%
$1,090,100
50%
2017
$7,189
9%
$728,700
10%
2016
$6,617
3%
$664,400
—
2015
$6,445
-4%
$664,400
6%
2014
$6,712
—
$627,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by James Eeckhoudt Jr. | 206 Property Advisors | (206) 818-4098

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231 Summit Avenue E, Seattle, WA 98102 (MLS# 2420922) is a Multi-Family property with 3 units containing 0 bedrooms and 0 full bathrooms. 231 Summit Avenue E is currently listed for $2,195,000 and was received on August 14, 2025. Want to learn more about 231 Summit Avenue E? Do you have questions about finding other Multi-Family real estate for sale in Seattle? You can browse all Seattle real estate or contact a Coldwell Banker agent to request more information.

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