WA > Seattle > Capitol Hill
Seattle, WA 98102,221 Belmont AVE E
Seattle, WA 98102,221 Belmont AVE E
Seattle, WA 98102,221 Belmont AVE E
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Listed by Lee & Associates Commercial RE
$4,000,000
Est. payment /mo
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8,700 SqFt
Active

221 Belmont AVE E Seattle, WA 98102

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Jeff Koch

Jeff Koch

Better Properties Olympia

+1(253) 254-3600

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 8,700 sqft

Price per Sqft $459

Subdivision Capitol Hill

MLS Listing ID 2368693

Style 56 - 10+ Units

Year Built 1928

Annual Tax Amount $36,914

Lot Size 4,800 Sqft

Property Sub-Type Multi Family

Property Description

The Strand is an 18-unit brick building in the heart of Capitol Hill, one of Seattle's most walkable, amenity-rich neighborhoods. Comprised of studio units ideal for urban renters, it features upgraded electrical systems (2013) & modern tankless water heaters (2022). Plans and permits are in place for three additional units and a seismic retrofit, enhancing revenue and value. An adjacent 11-unit building is also available, offering a rare chance to assemble 9,600 SF of MR(M)-zoned land. With a prime walkable location, a clear path to income growth through unit additions and interior enhancements & scale through an adjacent acquisition, The Strand presents an exceptional opportunity to own a character-rich asset in a high-demand submarkets.

Location

State WA

County King

Area 390 - Central Seattle

Interior

Flooring Hardwood, See Remarks

Fireplace false

Exterior

Exterior Feature Brick

View Y/N Yes

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Roof Type Flat

Building

Lot Description Alley, Curbs, Sidewalk

Sewer Sewer Connected

Water Community

New Construction No

Schools

School District Seattle

Others

Senior Community No

Acceptable Financing Cash Out, Conventional

Listing Terms Cash Out, Conventional

Virtual Tour https://www.lee-associates.com/northwest/properties/?propertyId=1502675-sale&address=221-Belmont-Ave-E&officeId=2085

Northwest MLS (NWMLS)
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agent

Jeff Koch

Designated Broker | License ID: 20570

+1(253) 254-3600

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221 Belmont AVE E