221 Belmont Avenue E Seattle, WA 98102
221 Belmont Avenue E
Seattle, WA 98102
$3,200,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Active
18-unit multifamily property located in the heart of Capitol Hill. Significant recent upgrades—including new electrical service mains and subpanels (2013) and high-efficiency tankless water heaters (2022). Offered at just $177,778/unit and $368/SF, The Strand represents a compelling basis play in the heart of Capitol Hill. The property delivers a current 5.9% cap rate, giving investors durable in-place income along with the upside potential of interior enhancements and rent growth in one of Seattle’s most sought-after rental markets. The Strand offers a rare opportunity to secure a character-rich asset at an attractive cost basis and benefit from continued appreciation in one of Seattle’s most resilient, high-demand submarkets.
Property Features
Community: Capitol Hill
10+ Units
Exterior: Brick
Roof: Flat
Year Built: 1928
2025 Taxes: $36914.00
Buyer Broker Comp.: 2.0%
Listing #: 2441868
Lot Details
Lot Size: 0.11 acres
No. of Units: 18
Interior
Cooling: None
Heating: Baseboard
Electric
Common Features
Coin Op Laundry
Call or Email:
Grace Wamwere
What's Near 221 Belmont Avenue E Seattle, WA 98102?
Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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