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Listings/Summit House

Summit House

Sale Price: $6,800,000

For more information about this property, please contact the listing broker.

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Sale Summary

Property Details

ADDRESS
1727 Summit Ave, Seattle, WA
NEIGHBORHOOD
Capitol Hill
YEAR BUILT
1960
NO. OF UNITS
50
UNIT FINISHES
Classic
EST RESIDENTIAL SF
38,020
AVG UNIT SIZE
760 SF
SITE AREA
18,600 SF
ZONING
MR (M)
PARKING
21 covered, 7 open

Sale Details

Sale Date
March 20, 2024
Sale Price
$6,800,000

Prime for value-add on Capitol Hill

Summit House, conveniently situated in Seattle’s highly sought-after neighborhood, offers an ideal location. With the opportunity to renovate units and adjust rents to match the market, this property presents a promising investment. Additionally, it boasts excellent floor plans and immediate accessibility for renovation purposes.

Location

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Summit House

1727 Summit Ave
Seattle, WA 98122
Units: 50
Price: $6,800,000

About the Area

Summit House is located in quiet northern Capitol Hill. Minutes away from amazing restaurants, nightlife, and beautiful parks makes this still one of the most desirable neighborhoods in all of Seattle.

Consistently one of Seattle’s most popular neighborhoods, Capitol Hill’s reputation for bottomless-mimosa brunches, cream cheese hot dog carts, and thrift shops remains a large draw for the city’s younger residents. The majority of this activity converges along Broadway and the Pike/Pine Corridor, streets lauded for being the vibrant anchors of the neighborhood.

Minutes away from the action, Capitol Hill Portfolio’s residents enjoy a pocket of quiet streets – less noise and nightlife without sacrificing the bars, restaurants, and eclectic, independent businesses that appeal to the tastes and ideals of Seattleites.

Quick connections to employers in South Lake Union, Downtown, the University District, and the Eastside via SR 520 clinch Summit House’s value as an ideal location to call home.

 

74,933

Total Population

$121,243

Avg Household Income

97

Walk Score

32

Median Age

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