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221 Belmont Avenue E, Seattle, WA 98102

Seattle
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: michael urquhart, ben douglas
Office: paragon real estate advisors
MLS#:2441868
Source:NWMLS
221 Belmont Avenue E,Seattle, WA 98102
$3,200,000
  • - Beds
  • - Baths
  • 8,700 sq. ft.
  • Multi-family
  • Pending

Price summary

  • Price:$3,200,000
  • Price per sq. ft.:$367.82

About this home

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.

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Home facts

  • Year built:1928
  • Listing ID #:2441868
  • Updated:March 19, 2026 at 08:06 AM

Rooms and interior

  • Flooring:Hardwood, Laminate
  • Living area:8,700 sq. ft.

Heating and cooling

  • Heating:Baseboard

Structure and exterior

  • Roof:Flat Roof
  • Year built:1928
  • Building area:8,700 sq. ft.
  • Lot area:0.11 Acres
  • Construction Materials:Brick Exterior Finish

Utilities

  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$3,200,000
  • Price per sq. ft.:$367.82
  • Tax amount:$36,914 (2025)

Parking

  • Total parking spaces:5
  • Parking description:Uncovered Space(s) : 0
  • Garage:Yes
  • Garage spaces:5
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of March 19, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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