WA > Seattle > Capitol Hill
Seattle, WA 98102,221 Belmont AVE E
Seattle, WA 98102,221 Belmont AVE E
Seattle, WA 98102,221 Belmont AVE E
Seattle, WA 98102,221 Belmont AVE E
Seattle, WA 98102,221 Belmont AVE E
Seattle, WA 98102,221 Belmont AVE E
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Josh Pelayo

Josh Pelayo

+1(425) 499-9831
Listed by Paragon Real Estate Advisors
$ 3,200,000
Est. payment | /mo

18 Baths

8,700 SqFt

Save
$ 3,200,000
Est. payment | /mo
Save

18 Baths

8,700 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,700 sqft

Price per Sqft $367

Subdivision Capitol Hill

MLS Listing ID 2441868

Style 56 - 10+ Units

Year Built 1928

Annual Tax Amount $36,914

Lot Size 4,800 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Flooring Hardwood, Laminate

Fireplace false

Exterior

Exterior Feature Brick

View Y/N No

Roof Type Flat

Building

Sewer Sewer Connected

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
Josh Pelayo

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(425) 499-9831

josh@joshpelayo.com

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221 Belmont AVE E