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    231 Summit Ave E Seattle, WA 98102

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    For Sale
    $2,195,000

    Retail/office space with two apartments in vibrant Capitol Hill.

    Property size:
    5,448 SF

    Property Features for 231 Summit Ave E

    General Information

    Size
    5,448 SF

    Building Details

    Year built
    1925

    Source: 206 PROPERTY ADVISORS Agent JAMES EECKHOUDT

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Capitol Hill Mixed-Use Property

    This mixed-use property is located in the Capitol Hill neighborhood and features a retail/office space with two one-bedroom apartments on the second floor. The retail/office space offers a well-designed layout that includes private offices, a conference room, and open collaboration areas. It also has two bathrooms and a private back patio. The two apartments each feature period details. The property has a total size of 5448 square feet and is suited for an owner/operator.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tomax Group Freight Forwarding Service Becoming Parents Program Counselor

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3256076
    Latitude
    47.6205511

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    FAQs

    What type of property is this?
    Mixed-use property - Retail/office space with two apartments in vibrant Capitol Hill.
    Where is this mixed-use property located?
    The property is located at 231 Summit Ave E Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,195,000.
    What are key features of this property?
    This property features: - Versatile retail/office space in Capitol Hill.; - Includes two spacious one-bedroom apartments.; - Well-designed layout with private offices and conference room.
    Request Owner's contact information
    231 Summit Ave E Seattle, WA 98102
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    Seattle, WA 98102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    231 Summit Ave E Seattle, WA 98102
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