221 Belmont Avenue E, Seattle, WA 98102 (MLS # 2441868)

Listing provided courtesy of Northwest MLS; Paragon Real Estate Advisors

PRICE	$3,200,000
BEDS	0
BATHS	0
HOME SIZE	8,700 sqft
LOT SIZE	4,801 sqft

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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.

LAST UPDATED	10/6/2025	TRACT	Capitol Hill
YEAR BUILT	1928	COMMUNITY	Capitol Hill
COUNTY	King	STATUS	Active
PROPERTY TYPE(S)	Multi Family

ADDITIONAL DETAILS
AIR	None
AREA	390 - Central Seattle
CONSTRUCTION	Brick
HEAT	Baseboard, Electric
LOT	4800 sq ft
MLS STATUS	Active
STORIES	3
STYLE	56 - 10+ Units
SUBDIVISION	Capitol Hill
TAXES	36914
UTILITIES	Sewer Connected

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Properties with the Logo icon are courtesy of Northwest MLS.

Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/6/25 4:36 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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