221 Belmont Avenue E Seattle WA 98102 MLS #NWM2441868
221 Belmont Avenue E
Seattle, WA, 98102
$3,200,000
Listing Provided Courtesy of Paragon Real Estate Advisors18-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 Mar 01, 2026
148
Multi Family Listed
107
Avg DOM
446
Avg $ / SqFt
$2,263,560
Avg List Price
Property Details
Price:
$3,200,000
MLS #:
NWM2441868
Status:
Pending
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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Courtesy of Paragon Real Estate Advisors. Disclaimer: Based on information submitted to the MLS GRID as of Mar-01-2026 3:16:40 pm. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.Copyright 2026. All rights reserved.
221 Belmont Avenue E
Seattle, WA