231 Summit Ave E Seattle, WA 98102
Capitol Hill NeighborhoodEstimated payment $12,986/month
Highlights
- City View
- Wood Flooring
- Baseboard Heating
- Garfield High School Rated A
- No HOA
- 1-minute walk to Thomas Street Mini Park
About This Home
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.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2420922
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,419
Year Built
- Built in 1925
Home Design
- Triplex
- Flat Roof Shape
- Brick Exterior Construction
Interior Spaces
- 5,448 Sq Ft Home
- 3-Story Property
- City Views
Flooring
- Wood
- Carpet
- Concrete
- Ceramic Tile
- Vinyl
Bedrooms and Bathrooms
- 2 Bedrooms
- 4 Bathrooms
Schools
- Lowell Elementary School
- Meany Mid Middle School
- Garfield High School
Additional Features
- 4,271 Sq Ft Lot
- Baseboard Heating
Community Details
- No Home Owners Association
- Capitol Hill Subdivision
Listing and Financial Details
- Assessor Parcel Number 2925049092
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $17,419 | $1,807,400 | $1,708,400 | $99,000 |
| 2023 | $13,184 | $2,036,700 | $1,708,400 | $328,300 |
| 2022 | $14,238 | $1,538,500 | $1,537,500 | $1,000 |
| 2021 | $16,528 | $1,538,500 | $1,537,500 | $1,000 |
| 2020 | $15,361 | $1,709,400 | $1,708,400 | $1,000 |
| 2018 | $10,917 | $1,474,400 | $1,473,400 | $1,000 |
| 2017 | $7,189 | $1,090,100 | $1,089,100 | $1,000 |
| 2016 | $6,617 | $728,700 | $533,800 | $194,900 |
| 2015 | $6,445 | $664,400 | $533,800 | $130,600 |
| 2014 | -- | $664,400 | $533,800 | $130,600 |
| 2013 | -- | $627,500 | $533,800 | $93,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/27/2025 08/27/25 | Pending | -- | -- | -- |
| 08/14/2025 08/14/25 | For Sale | $2,195,000 | -- | $403 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | Fidelity National Title | |
| Quit Claim Deed | -- | Fidelity National Title | |
| Quit Claim Deed | -- | Chicago Title | |
| Quit Claim Deed | -- | -- |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2420922
APN: 292504-9092
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