221 Belmont Avenue E Seattle WA 98102 MLS #NWM2368693

Listing Provided Courtesy of Lee & Associates Commercial RE
The Strand is an 18-unit brick building in the heart of Capitol Hill, one of Seattle’s most walkable, amenity-rich neighborhoods. Comprised of studio units ideal for urban renters, it features upgraded electrical systems (2013) & modern tankless water heaters (2022). Plans and permits are in place for three additional units and a seismic retrofit, enhancing revenue and value. An adjacent 11-unit building is also available, offering a rare chance to assemble 9,600 SF of MR(M)-zoned land. With a prime walkable location, a clear path to income growth through unit additions and interior enhancements & scale through an adjacent acquisition, The Strand presents an exceptional opportunity to own a character-rich asset in a high-demand submarkets.

Property Details

Price:
$4,000,000
MLS #:
NWM2368693
Status:
Active
Beds:
0
Baths:
0
Address:
221 Belmont Avenue E
Type:
Multi Family
Subdivision:
Capitol Hill
Neighborhood:
390 – Central Seattle
City:
Seattle
Listed Date:
May 1, 2025
State:
WA
Finished Sq Ft:
8,700
Total Sq Ft:
8,700
ZIP:
98102
Year Built:
1928
Units:
18

Schools

School District:
Seattle

Interior

Cooling
None
Flooring
Hardwood, See Remarks
Heating
Baseboard

Exterior

Construction Materials
Brick
Exterior Features
Brick
Parking Spots
6
Roof
Flat

Financial

Net Operating Income
$192,046
Tax Year
2025
Taxes
$36,914

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221 Belmont Avenue E
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