416 Summit Ave E
Seattle WA 98102
The Oriana
416 Summit Ave E Seattle WA 98102
Listing #: 708825 | Status: Available | Last Modified: 4/7/2026 |
For Sale
- Phone:(425) 444-6501
- Email:dan.swanson@kidder.com
- Office Name:Kidder Mathews
- Office Phone:(208) 362-8600
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 3,375,000.0
- $/SF$ 410.6
- $/Unit$ 3,375,000.0
- Listing StatusAvailable
- Days on Market62
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income291,319
- Vacancy Factor %5.70%
- Operating Expenses117,662
- Net Operating Income157,051
- CAP Rate 5.15 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- CAP Rate 5.15 %
- Building StatusExisting
- # of Buildings1
- # of Floors3
- # of Units11
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF8220
- Net Rentable Area8220
- Total Office SF
- Largest Contiguous SF
- Lot SF7200
- Acres0.17
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building ClassB
- CountyKing
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaCapitol Hill/First Hill
- Tax ID #6848200460
- Additional Parcels
- ZoningMR(M)
- # Covered Spaces0
- # Uncovered Spaces6
- Total Parking Spots6
- Parking Ratio
- Year Built1928
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeFramed
Vintage Building in the Heart of Capitol Hill
Oriana Apartments presents a rare opportunity to acquire a profitable, character-rich multifamily asset in the heart of Seattle’s highly desirable Capitol Hill neighborhood. Built in 1928, this well-maintained wood-frame property features 11 spacious corner units – 9 one-bedroom/one-bath homes and 2 two-bedroom/one-bath homes – each offering abundant natural light and spacious/functional floor plans with dining areas and large closets. Residents appreciate the building’s enduring old-world charm – oak floors, original wood windows, coved ceilings, picture rails, and classic 6-inch molding – as well as the property's 10 remodeled homes and 1 new unit. All units have updated Square D electrical panels and main service appears to have been updated. Plumbing updates have been consistently made
