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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Listed by Paragon Real Estate Advisors Michael Urquhart 
$3,200,000
Est. payment /mo
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18 Baths
8,700 SqFt
Active

221 Belmont AVE E Seattle, WA 98102

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RE/MAX Whatcom County RE/MAX Gateway

RE/MAX Whatcom County RE/MAX Gateway

+1(360) 647-1313

UPDATED:

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.

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    John Hay Elementary School

    Public | KG - 5

  • 9

    Montlake Elementary School

    Public | KG - 5

  • 9

    Frantz Coe Elementary School

    Public | KG - 5

  • 8

    McGilvra Elementary School

    Public | KG - 5

  • 8

    John Stanford International Elementary School

    Public | KG - 5

  • 7

    Thurgood Marshall Elementary School

    Public | PK - 5

  • 7

    Tops K-8 School

    Public | PK - 8

  • 7

    B F Day Elementary School

    Public | KG - 5

  • 6

    Beacon Hill International School

    Public | KG - 5

  • 6

    Queen Anne Elementary School

    Public | KG - 5

  • 5

    Madrona K-8 School

    Public | PK - 8

  • 4

    Leschi Elementary School

    Public | KG - 5

  • 4

    Stevens Elementary School

    Public | KG - 5

  • 3

    Bailey Gatzert Elementary School

    Public | PK - 5

  • 2

    Lowell Elementary School

    Public | PK - 5

  • 0

    The Lake and Park School

    Private | KG - 5

  • 0

    Hamlin Robinson School

    Private | 1 - 8

  • 0

    Giddens School

    Private | PK - 5

  • 0

    Seattle Girls School

    Private | 5 - 8

  • 0

    First Place

    Private | 1 - 6

Middle Schools 10
  • 8

    Hamilton International Middle School

    Public | 6 - 8

  • 7

    McClure Middle School

    Public | 6 - 8

  • 6

    Washington Middle School

    Public | 6 - 8

  • 1

    Seattle World School

    Public | 6 - 12

  • 0

    Interagency Programs

    Public | 6 - 12

  • 0

    Seattle Nativity School

    Private | 6 - 8

  • 0

    Puget Sound Community School

    Private | 6 - 12

  • 0

    Lake Washington Girls Middle School

    Private | 6 - 8

  • 0

    Seattle Academy

    Private | 6 - 12

  • 0

    The Northwest School

    Private | 6 - 12

High Schools 9
  • 9

    The Center School

    Public | 9 - 12

  • 8

    Garfield High School

    Public | 9 - 12

  • 5

    Franklin High School

    Public | 9 - 12

  • 2

    Nova High School

    Public | 9 - 12

  • 0

    The Seattle Public Schools Skills Center

    Public | 9 - 12

  • 0

    O'Dea High School

    Private | 9 - 12

  • 0

    Sccc High School Completion

    Public | 9 - 12

  • 0

    Holy Names Academy

    Private | 9 - 12

  • 0

    Seattle Preparatory School

    Private | 9 - 12

School and business data provided by Attom Data.

GET MORE INFORMATION

RE/MAX Whatcom County RE/MAX Gateway

RE/MAX Whatcom County RE/MAX Gateway

Broker/Owner | License ID: 14060

+1(360) 647-1313

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221 Belmont AVE E