221 Belmont Ave E, Seattle, WA
0 bd · 18 ba · 8,700 sqft Multi-Family listed at $3,200,000, built in 1928 in the Capitol Hill neighborhood.
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.
Property details
- Price
- $3,200,000
- Bedrooms
- 0
- Bathrooms
- 18
- Interior
- 8,700 sqft
- Price / sqft
- $368
- Year built
- 1928
- Lot size
- 4,800 sqft
- Type
- Multi-Family
- Days on market
- 201
- Est. property tax
- $29,760/yr · $2,480/mo · 0.93% WA avg
- Last sold
- $2,898,200 · Aug 2013
Estimated monthly payment
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Location
This home is located in Seattle, WA. Browse more Seattle listings on the Seattle market page or explore the full Seattle market report.
Home Intelligence
Neighborhood (zip 98102)
This neighborhood is highly educated (46% hold a bachelor's degree) and is primarily renter-occupied (26% owner-occupied). Median age is 33.4; median household income is $114,026.
- Median income
- $114,026
- Median age
- 33.4
- Owner-occupied
- 25.8%
- Bachelor's degree
- 46.0%
- Census median home value
- $1,042,000
Source: US Census Bureau American Community Survey 5-year estimates.
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