520 Summit Avenue E, Seattle, 98102

Residential Income - Multi-Family For Sale in Capitol Hill

$9,750,000

Beds
Baths
23,968Sqft
¼Acres
1963Built
35DOM
MLS® #: 1918928
Pending Feasibility, 35 Days on Market

On the market for the first time in 59 years, Dakar Apartments is extremely well located in Seattle’s prime Capitol Hill neighborhood and is within walking distance of an abundance of prominent employers in downtown Seattle and South Lake Union. Further, this investment boasts a number of desirable features including tree-lined residential street, 19 parking spaces, elevator service, patios in select units, likely original copper piping per an engineer's report, on-site laundry, dual-pane windows, and views from select units. Dakar Apartments also offers a new investor the likely potential for income upside by raising rents to market levels or renovating units for even higher returns.

Listing Office: Kidder Mathews.

Price & Status History

Date Details
Status Changed from Active to Pending Feasibility

Essential Information

MLS® #: 1918928
Price: $9,750,000
Bathrooms: 0.00
Square Footage: 23,968
Acres: 0.25
Year Built: 1963
Type: Residential Income
Sub-Type: Multi-Family
Status: Pending Feasibility

Financials

Property Taxes: $84,758
$/SqFt: $407

Community Information

Address: 520 Summit Avenue E
Area: 390 - Central Seattle
Subdivision: Capitol Hill
City: Seattle
County: King
State: WA
Zip Code: 98102

Amenities

Parking Spaces: 19

Interior

Interior Features: Wall to Wall Carpet
# of Stories: 4

Exterior

Exterior Features: Cement Planked, Stucco, Wood
Lot Description: Alley, Curbs, Paved, Sidewalk
Foundation: Poured Concrete

School Information

District: Seattle
Elementary: Lowell
Middle: Meany Mid
High: Garfield High

Additional Information

Days on Market: 35
Cumulative Days on Market: 35

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Listing information last updated on May 24th, 2022 at 7:13am CDT.