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The Oriana
416 Summit Ave E Seattle WA 98102
Listing #: 708825 | Status: Available | Last Modified: 4/7/2026
| Showing Instructions | |
|---|---|
| Call Listing Agent | No |
| Use Discretion | No |
| Investment Information | |
|---|---|
| Investment Prop | Yes |
| Gross Income | 291,319 |
| Vacancy Factor % | 5.70% |
| Operating Expenses | 117,662 |
| Net Operating Income | 157,051 |
| CAP Rate | 5.15 % |
| Detail Listing Information | |
|---|---|
| Min Total SF | 0 SF |
| Max Total SF | 0 SF |
| Lease Rate Low | $ 0.00 |
| Lease Rate High | $ 0.00 |
| Retail Information | |
|---|---|
| Signage | Signage on Building and Freestanding |
| Financial Summary | |
|---|---|
| CAP Rate | 5.145 |
| Building Information | |
|---|---|
| Building Status | Existing |
| # of Buildings | 1 |
| # of Floors | 3 |
| # of Units | 11 |
| Total Building SF | 8,220 SF |
| Net Rentable Area | 8,220 SF |
| Total Office SF | 0 SF |
| Largest Contiguous SF | 0 SF |
| Lot SF | 7,200 SF |
| Acres | 0.17 |
| Year Built | 1928 |
| Construction Type | Framed |
| Property Type | |
|---|---|
| Property Type | Multi-Family |
| Investment | Yes |
| Building Class | B |
| Location | |
|---|---|
| County | King |
| Market Area | Capitol Hill/First Hill |
| Tax ID # | 6848200460 |
| Zoning | MR(M) |
| Parking Information | |
|---|---|
| #Covered Spaces | 0 |
| # Uncovered Spaces | 6 |
| Total Parking Spots | 6 |
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
The Oriana
416 Summit Ave E Seattle WA 98102
Listing #: 708825 | Status: Available | Listing Date: 2/18/2026 | Last Modified: 4/7/2026 | Email Listing
For Sale
The Oriana
