1718 Summit Avenue, Seattle, WA, 98122
About This Home
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.
Getting Around
Walker's Paradise
Rider's Paradise
Very BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1961
Materials
- Foundation: Poured Concrete
- Roof: See Remarks
- Construction materials: Brick,Cement/Concrete,Wood Products
Type & Style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subType: Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 1
- Bathrooms: 2
Heating & Cooling
- Heating features: Baseboard,Electric
- Cooling features: None
Interior Area
- Total structure area: 4,785
- Total interior livable area: 4,785 sqft
Property
Details
- Parcel number: 8804900720
- Zoning description: Multi-Family,Jurisdiction: See Remarks
- Special condition: Standard
Lot
- Lot size: 5,000 sqft
- Features: Paved,Sidewalk
Parking
- Total spaces: 5
- Parking features: Open
- Has uncovered spaces: Yes
- Uncovered spaces: 5
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in King County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $8,591 | $103,092 |
| Home Insurance * | $280 | $3,360 |
| Property Taxes | $1,076 | $12,912 |
| Electricity | $327 | $3,927 |
| Total | $10,274 | $123,288 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-27 | Price change | $1,699,000 |
| 2025-11-19 | Listing removed | $1,195 |
| 2025-11-12 | Listed for rent | $1,195 |
| 2025-10-30 | Listed for sale | $1,780,000 |
| 2025-08-21 | Listing removed | $1,195 |
| 2025-07-18 | Listed for rent | $1,195 |
| 2025-07-03 | Listing removed | $1,195 |
| 2025-06-16 | Listed for rent | $1,195 |
| 2025-05-27 | Listing removed | $1,195 |
| 2025-05-23 | Listed for rent | $1,195 |
| 2016-04-26 | Listing removed | $1,050 |
| 2016-02-28 | Price change | $1,195 |
| 2016-02-03 | Listed for rent | $1,250 |
| 2013-02-13 | Listing removed | $815 |
| 2012-11-21 | Listed for rent | $815 |
| 2012-02-28 | Sold | $1,290,000 |
| 2004-11-22 | Sold | $873,000 |
View on Zillow