SOLD MAR 13, 2026

Listed by James Eeckhoudt • 206 Property Advisors. Bought with Berkshire Hathaway HS NW.

Off market mar 2026 for $2M

$2,263,412

•

4 ba

•

5,448

sq ft

231 Summit Ave E, Seattle, WA 98102

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.

Multi-familyProperty Type

1925Year Built

4,271 sq ftLot Size

$415Est. Price/Sq.Ft.

Listed by James Eeckhoudt • 206 Property Advisors

Bought with Jennifer Wen • Berkshire Hathaway HS NW

Redfin checked: 2 minutes ago

•Source:NWMLS as Distributed by MLS Grid #2420922

Redfin Estimate

$2,263,412

$263K since sold in March 2026$82K since September

Recently sold homes
Estimate history

This home's estimate is 47% higher than the average sale price ($1.54M) of 5 comparable homes.

SOLD JUL 15, 2026
$1,205,000
A
3 beds4 baths4,107 sq ft
417 Minor Ave N, Seattle, WA 98109
SOLD AUG 31, 2026
$2,130,000
B
4 beds3.5 baths3,300 sq ft
734 10th Ave E, Seattle, WA 98102
SOLD JUL 24, 2026
$1,600,000
C
3 beds3 baths3,087 sq ft
746 Broadway E, Seattle, WA 98102
SOLD AUG 19, 2026
$1,500,000
D
3 beds4 baths2,290 sq ft
954 19th Ave E, Seattle, WA 98112
SOLD AUG 18, 2026
$1,265,000
E
3 beds2.5 baths2,820 sq ft
910 11th Ave E, Seattle, WA 98102

Claim this home to receive a free report every month with insights on the changing estimate.

Market trends in Broadway, WA

Last updated September 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-List Price

97.9%

0.0% MoM

Median sale price

$635K

$15K MoM

Avg. days on market

29d

5 days MoM

Recently sold homes

8 MoM

New listings for sale

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OPEN TODAY, 12PM TO 3PM
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Karen Freeman • Windermere R E Mount Baker
OPEN TODAY, 12PM TO 3PM
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Cari Sulcer • Windermere Real Estate Co.
See all

Provided by Redfin

Sale history for 231 Summit Ave E

Public record

Public record
Permits

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

King County

APN

—

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Nov 13, 2023.

Sep 12, 2019 • Final

Electrical permit: over the counter

Install new electrical circuits for a kitchen.

Electrical

Kitchen

Apr 27, 2018 • Final

Electrical permit: over the counter

Install communications cabling.

Electrical

Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.

Property details

Interior

Heating & Cooling
Has Heating
Heating Information: Baseboard
Cooling Information: None

Interior Features
Flooring: Ceramic Tile, Concrete, Hardwood, Vinyl, Carpet

Multi-Family Financial Information
Insurance Expense: $4,507
Other Expense: $1,853
Net Operating Income: $97,203
Gross Adjusted Income: 131351
Gross Scheduled Income: $136,824
Total Monthly Income: 11402
Gross Rent Multiplier: 16
Total Expenses: 27973

Multi-Unit Information
Units Below Grade: false
Units In Building Total: 3
Vacancy Rate: 4
# of Units (Total): 3

Unit Type 1 Information
Unit Name: 1
# of Bathrooms: 2
Fireplaces: 0
Range/Oven: true
Washer/Dryer: false
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 2,306
Actual Rent: $6,562

Unit Type 2 Information
Unit Name: A
# of Bathrooms: 1
# of Bedrooms: 1
Fireplaces: 0
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 950
Actual Rent: $2,495

Unit Type 3 Information
Unit Name: B
# of Bathrooms: 1
# of Bedrooms: 1
Fireplaces: 0
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 850
Actual Rent: $2,345

Exterior

Building Information
Construction Materials: Brick
Roof: Flat

Exterior Features
Exterior Features: Brick

Property Information
Energy Source: Electric,Natural Gas
Style Code: 53 - Tri-plex
Property Type: Residential Income
Property Sub Type: Multi Family
Has View

Lot Information
MLS Lot Size Source: King County
Lot Size Units: Square Feet
Lot Size Acres: 0.098
Lot Size Dimensions: 4,271
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $17,419
Tax Year: 2025

Financial Information
Listing Terms: Conventional
Buyer Financing: Conventional

Utilities

Utility Information
Water Source: Public
Water Company: SPU
Power Company: City Light
Sewer: Sewer Connected
Sewer Company: SPU
Water Sewer Garbage: 4194

Location

School Information
Elementary School: Lowell
Middle Or Junior High School: Meany Mid
High School: Garfield High
High School District: Seattle

Location Information
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.

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: King County
APN: —

Home facts updated by county records on Nov 13, 2023

Other

Listing Information
Buyer Brokerage Compensation: 3
Buyer Brokerage Compensation Type: %
Mls Status: Sold

Listing Date Information
On Market Date: Thursday, August 14, 2025

Green Information
Power Production Type: Electric, Natural Gas

Home Information
Calculated Square Footage: 5448
MLS Square Footage Source: King County
Building Area Total: 5448
Building Area Units: Square Feet
Structure Type: Triplex
Stories Total: 3

Around this home

Schools

Lowell Elementary School

Public PreK-5 • Assigned • 0.4mi

3/10

Edmonds S. Meany Middle School

Public 6-8 • Assigned • 1.0mi

5/10

Garfield High School

Public 9-12 • Assigned • 1.6mi

8/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Local insights from Redfin agents

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Historical weather

Seattle, WA • 98102

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.8 hours in June and 1.7 hours in December, placing it below the U.S. average for solar exposure.

8.8 hrs

1.7 hrs

JuneDecember

Provided by Shadowmap

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LISTED BY REDFIN3D WALKTHROUGH

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Kale Corey • Windermere RE/Capitol Hill,Inc

VIDEO TOUR

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Ashley Skerlong • John L. Scott Mill Creek

OPEN TODAY, 2PM TO 4PM3D WALKTHROUGH

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Kimberly Shaeffer • John L. Scott, Inc.

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OPEN TODAY, 12PM TO 3PM

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Home values near 231 Summit Ave E

Data from public records.

Address	Redfin Estimate
301 Summit Avenue East, Seattle, WA - Beds \| - Baths \| 16723 Sq. Ft.	—
230 Bellevue Avenue East Unit 5, Seattle, WA - Beds \| - Baths \| 4720 Sq. Ft.	$1,917,642

Address	Redfin Estimate
222 Summit Avenue East, Seattle, WA - Beds \| - Baths \| 16300 Sq. Ft.	—
403 E Thomas Street Unit 3, Seattle, WA 1 Beds \| 1 Baths \| 622 Sq. Ft.	$268,956

Address	Redfin Estimate
419 E Thomas Street, Seattle, WA - Beds \| - Baths \| 11639 Sq. Ft.	—
411 E Thomas Street, Seattle, WA - Beds \| - Baths \| 10584 Sq. Ft.	—

Property information provided by undefined .

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