219 Belmont Avenue E Seattle WA 98102 MLS #NWM2349691

Listing Provided Courtesy of Lee & Associates Commercial RE
The Lanning, an 11-unit apartment in the heart of Capitol Hill. This well-maintained brick veneer building, built in 1910, offers spacious layouts 827 SF on avg, a rare find in a neighborhood known for compact apartments. The unit mix consists of 10 one-bedroom units and 1 two-bedroom unit, well-preserved hardwood floors, and in-unit w/d in 10 of the units. Steps from Broadway’s vibrant retail corridor, the Light Rail Station & SLU. Currently operating with below market rents, The Lanning presents a clear value-add opportunity. Whether repositioning as a bespoke high-end rental or realizing efficiencies as stabilized asset, The Lanning represents an unparalleled opportunity to own in one of Seattle’s most resilient and dynamic submarkets.

Property Details

Price:
$3,195,000
MLS #:
NWM2349691
Status:
Active
Beds:
0
Baths:
0
Address:
219 Belmont Avenue E
Type:
Multi Family
Subtype:
Multi-Family
Subdivision:
Capitol Hill
Neighborhood:
390 – Central Seattle
City:
Seattle
Listed Date:
Mar 26, 2025
State:
WA
Finished Sq Ft:
9,350
Total Sq Ft:
9,350
ZIP:
98102
Lot Size:
4,800 sqft / 0.11 acres (approx)
Year Built:
1910
Units:
11

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
See Remarks
Heating
Baseboard, Forced Air, Other – See Remarks

Exterior

Construction Materials
Brick, Cement Plank, Stucco
Exterior Features
Brick, Cement Planked, Stucco
Roof
Flat

Financial

Net Operating Income
$203,718
Tax Year
2025
Taxes
$30,995

Map

Contact Us

Send
  

Mortgage Calculator

 

Similar Listings Nearby

219 Belmont Avenue E
Seattle, WA