221 Belmont Avenue E, Seattle, WA 98102

Local realty services provided by:Better Homes and Gardens Real Estate Pacific Commons
Listed by:michael urquhart
Office:paragon real estate advisors
MLS#:2441868
Source:NWMLS
221 Belmont Avenue E,Seattle, WA 98102
$3,200,000
  • - Beds
  • - Baths
  • 8,700 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$367.82

About this home

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.

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Home facts

  • Year built:1928
  • Listing ID #:2441868
  • Updated:October 06, 2025 at 09:50 PM

Rooms and interior

  • Living area:8,700 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1928
  • Building area:8,700 sq. ft.
  • Lot area:0.11 Acres

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$367.82
  • Tax amount:$36,914 (2025)
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