221 Belmont Avenue E

Seattle, WA 98102

  • Bed

  • Bath

  • 8700 SqFt

  • 1 DOM

  • Built: 1928

  • Status: Active

$3,200,000

X

221 Belmont Avenue E

Seattle 98102

$3200000

  • Bed

  • Bath

  • 8700 SqFt

  • 1 DOM

  • Built: 1928

  • Status: Active

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Srinivas Kasam

CEO & Founder

(650)533-3259

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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Residence Information

  • 8700

  • Flat

  • 56 - 10+ Units

  • 1928

  • Poured Concrete

  • Coin Op Laundry

Features and Utilities

  • Brick

  • Sewer Connected

  • 0

Financial

  • 36914

  • Cash Out, Conventional

  • 10-06-2025

Comparable Information

  • 1

  • 1

  • Cash Out, Conventional

  • $3,200,000

  • $3,200,000

  • Oct 06, 2025 20:43

Schools

Map

Listing courtesy of Paragon Real Estate Advisors.

The content relating to real estate for sale on this site comes in part from the IDX program of the NWMLS of Seattle, Washington. Real Estate listings held by brokerage firms other than this firm are marked with the NWMLS logo, and detailed information about these properties include the name of the listing's broker. Listing content is copyright © 2025 NWMLS of Seattle, Washington. All information provided is deemed reliable but is not guaranteed and should be independently verified. Kasamestates data last checked: Oct 07, 2025 03:58 | Listing last modified Oct 06, 2025 20:43. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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