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About the Listing 7086 - 120656,142498
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 Highlights for 221 Belmont Ave E
Status
Active
Days on Site
5
Property Type
Multi-Family
MLS ®
2441868
Year Built
1928
Total Square Footage
8,700
Lot/Acreage
0.11
Interior Details
- Bedrooms: 0
- Bathrooms: 18 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Hardwood,Laminate
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water:
Exterior Details
- Garage Capacity: N/A
- Parking Spaces: 5
- Roof: Flat
- Others: Brick
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $36,914
- Taxes w/Assessments: N/A
- Tax/Property ID: 6848200610
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
221 Belmont Ave E Seattle, WA 98102
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