221 Belmont Avenue E Seattle WA 98102 MLS #NWM2441868

MLS #NWM2441868 image #0MLS #NWM2441868 image #1MLS #NWM2441868 image #2MLS #NWM2441868 image #3MLS #NWM2441868 image #4MLS #NWM2441868 image #5MLS #NWM2441868 image #6MLS #NWM2441868 image #7MLS #NWM2441868 image #8MLS #NWM2441868 image #9MLS #NWM2441868 image #10MLS #NWM2441868 image #11MLS #NWM2441868 image #12MLS #NWM2441868 image #13MLS #NWM2441868 image #14
Listing Provided Courtesy of Paragon Real Estate Advisors
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
390 – Central Seattle390centralseattleCapitol HillSeattle

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

Net Operating Income
$188,065
Tax Year
2025
Taxes
$36,914

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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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