Property Details

221 Belmont Ave

Seattle, WA 98102

$3,200,000

Pending

CBA# 703356 courtesy of CBA Listing firm: Paragon Real Estate Advisors

Schedule a Showing

Select your date preference

Request More Info

I’d like more information about 221 Belmont Ave, Seattle, MLS# 703356

Commercial

Property Type

8,700

Bldg Sq Ft

Units

5.00%

Cap Rate

1928

Year Built

Property Overview

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. With strong market fundamentals and a premier walkable location, 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 submark