$3,200,000

221 Belmont Avenue E, Seattle, WA 98102

Multi-Family Home
Built in 1928
4,800sqft lot
—— car garage
$——/sqft
Listed 29 days ago

Property Description

This listing courtesy of Michael Urquhart, 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.

Listing Status:: Active
Listing Office:: Paragon Real Estate Advisors : 206-623-8880
Listing Agent:: Michael Urquhart : 206-623-8880
MLS ID:: 2441868

Flooring: HardwoodLaminate
A/C: None
Heating: Baseboard
Fireplace: Fireplaces: 0

General: Brick
Parking: Parking spaces: 5

Roofing: Flat
General: 56 - 10+ UnitsPoured Concrete

HOA Amenities: 0.0
Originating MLS: nwmls
School District: Seattle
County: King

Zoning: 6848200610

Sewer: Sewer Connected

Source: nwmls

This listing courtesy of Michael Urquhart, Paragon Real Estate Advisors

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Lowell Elementary School

1058 E Mercer St, Seattle, WA, 98102

Grades KG-5

0.42 miles away

Seattle World School

1700 E Union St, Seattle, WA, 98122

Grades 6-12

0.85 miles away

Seattle World School

1700 E Union St, Seattle, WA, 98122

Grades 6-12

0.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.