221 Belmont Avenue E Seattle WA 98102 MLS #NWM2441868
221 Belmont Avenue E
Seattle, WA, 98102
$3,200,000
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.
Current real estate data for Multi Family in Seattle as of Oct 10, 2025
200
Multi Family Listed
89
Avg DOM
456
Avg $ / SqFt
$2,047,515
Avg List Price
Property Details
Price:
$3,200,000
MLS #:
NWM2441868
Status:
Active
Beds:
0
Baths:
18
Type:
Multi Family
Subdivision:
Capitol Hill
Neighborhood:
390centralseattle
Listed Date:
Oct 6, 2025
Finished Sq Ft:
8,700
Total Sq Ft:
8,700
Lot Size:
4,800 sqft / 0.11 acres (approx)
Year Built:
1928
Units:
18
Schools
School District:
Seattle
Interior
Cooling
None
Flooring
Hardwood, Laminate
Heating
Baseboard
Exterior
Construction Materials
Brick
Exterior Features
Brick
Parking Spots
5
Roof
Flat
Financial
Tax Year
2025
Taxes
$36,914
Map
Contact Us
Mortgage Calculator
Community
- Address221 Belmont Avenue E Seattle WA
- SubdivisionCapitol Hill
- CitySeattle
- CountyKing
- Zip Code98102
Property Summary
- Located in the Capitol Hill subdivision, 221 Belmont Avenue E Seattle WA is a Multi Family for sale in Seattle, WA, 98102. It is listed for $3,200,000 To schedule a showing of MLS#nwm2441868 at 221 Belmont Avenue E in Seattle, WA, contact your HomeSmart One Realty agent at 425-218-4178.
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The database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Oct-10-2025 2:14:10 pm. © 2025 NWMLS.
221 Belmont Avenue E
Seattle, WA