MLS #2441868 / Listing provided by NWMLS & Paragon Real Estate Advisors.
$3,200,000
221 Belmont Avenue E
Seattle,
WA
98102
Sq Ft
Per Sq Ft
Year Built
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.
Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.
Bedrooms
- Upper Level Bedrooms: 0
Fireplaces
- Total Fireplaces: 0
Heating & Cooling
- Heating: Yes
- Cooling: No
Parking
- Parking Total: 5
- Uncovered Parking Spaces: 0
- Open Parking Spaces: 0
Structure
- Roof: Flat
- Exterior Features: Brick
- Foundation: Poured Concrete
Lot Details
- Acres: 0.1102
- Foundation: Poured Concrete
Schools
- High School District: Seattle
Lot Details
- Acres: 0.1102
- Foundation: Poured Concrete
Power
- Energy Source: Electric
Water, Sewer, and Garbage
- Sewer: Sewer Connected
- Water, Sewer, and Garbage: 20031
Carol DiMundo
Broker | REALTOR®
Send Carol DiMundo an email