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416 Summit Ave E
Seattle, WA 98102 Capitol Hill

$3,375,000 USD

Apartments For Sale • 7,620 SF

Property Details

Property Type Apartments
Total Building Size 8,220 SF
Lot Size 0.17 AC
Building Class C
Year Built 1928
Cap Rate 5.15 %
Zoning MR (M)

87 Transit Score

96 Walk Score

                
                    Highlights
                
                                Prime Capitol Hill location – 7 blocks from the light rail station and streetcar line, walking distance from restaurants, shops, grocery, parks
                            
                                A Walker’s Paradise walk score of 96 out of 100 – within a mile of Amazon’s campus and blocks to Seattle Central College and Seattle U
                            
                                Old world charm with oak floors, original wood windows, coved ceilings, picture rails, and 6-inch molding
                            
                                All spacious corner units with abundant natural light and spacious floor plans featuring dining areas and large closets
                            
                                One unit is new and all others have been recently renovated; parking for six vehicles
                            
                                Value-add strategies: Add 12th unit to building, build additional units in parking area, or redevelop into ±50-unit building (buyer to verify)

Property Flyers

Oriana Apartments

Financial Summary (Actual)

Net Operating Income: $173,656 USD (2025)

Cap Rate:	5.15 %
Total Expenses:	$117,662 USD

Amenities

Heating
Vintage Building
Kitchen
Refrigerator
Oven
Range
Tub/Shower
Views
Walk-In Closets
Dining Room
Private Bathroom

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	6 min	-	2.2 mi
Transit/Subway	Drive	Walk	Distance
Capitol Hill (Lynnwood - Angle Lake - Sound Transit)	1 min	8 min	0.4 mi
Broadway And Denny (First Hill Streetcar - City of Seattle)	2 min	9 min	0.5 mi
Terry & Thomas (South Lake Union Streetcar - Seattle Streetcar)	3 min	19 min	1.0 mi
Fairview & Campus Drive (South Lake Union Streetcar - Seattle Streetcar)	4 min	20 min	1.1 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	25 min	-	15.5 mi
Seattle Paine Field International	34 min	-	23.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	6
Type:	Surface
Included in Rent:	Yes

Dan Swanson 425-444-6501 Kidder Mathews

416 Summit Ave E Seattle, WA 98102 Capitol Hill