1613 Summit Ave - Opportunity in the heart of Capitol Hill

We are pleased to present 1613 Summit Avenue, a desirable 14-unit multifamily offering in the heart of Seattle's Capitol Hill. Fully leasesd to a stable, long-tenured resident base and producing durable in-place income with no near-term capital needs, the property delivers predictable, day-one cash flow in a prime urban location - at a basis well below replacement cost.

Constructed in 1964 and thoughtfully renovated, the Property pairs classic mid-century character with modern livability. Its fourteen one-bedroom residences serve Capitol Hill's deep renter base at strong in-place rents that sit modestly below market, offering a new owner low-risk embedded upside as leases renew - all with RUBS recovery and a lean operating profile that leave little to fix.