Search
14-Unit Renovated Apartment Building
New
For Sale
$3,600,000

1613 Summit Ave, Seattle, WA 98122

Renovated multifamily property with one-bedroom residences, full occupancy, and RUBS recovery.

Property SizeContact for details
Days on Market5

Property Features for 1613 Summit Ave

General Information

Standard status Active
Property subtype Multifamily
Occupancy 100%

Units

Unit Mix 14 x 1BR
Multifamily Units 14

Building Details

Year Built 1964
Listing Agency: Seattle
Listed By: Sam Wayne
Source: Colliers
Added: Aug 16 Changed: Aug 17 Last Checked: Aug 20 at 4:11AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Seattle

Investment Insights

Based on property information with market context.

This 14-unit apartment property includes fourteen one-bedroom residences and was constructed in 1964. The building has been renovated, combining its original mid-century construction with updated residential interiors. All units are currently leased, with a long-tenured resident base supporting established occupancy across the property.

Located at 1613 Summit Ave in Seattle’s Capitol Hill area, the property includes RUBS recovery as part of its operating structure. Its apartment configuration and existing leasing profile provide a defined multifamily asset with in-place residential occupancy.

Key Highlights

  • 14‑unit apartment property with fourteen one‑bedroom residences
  • Constructed in 1964 and subsequently renovated
  • All units are currently leased

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Electrical Service Pet Grooming Service Pet Store Pet Store & Service Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

14
Residential units
100%
Occupancy

Location Intelligence

Trade Area within ½ mile

15,001
Businesses Nearby

Demographics for 98122, WA

41,646
Population
24,942
Households
1.7
Avg Household Size
32
Median Age
72%
College-Educated
98%
High-School Grad
2.3 sq mi
ZIP Area
18,107
Density / Sq Mi
$106,479
Median Household Income
$69,673
Median Earnings
$1,991
Median Rent
$929,400
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Apartment building - Renovated multifamily property with one-bedroom residences, full occupancy, and RUBS recovery.
Where is this apartment building located?
The property is located at 1613 Summit Ave Seattle, WA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 14‑unit apartment property with fourteen one‑bedroom residences; Constructed in 1964 and subsequently renovated; All units are currently leased
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message