Courtesy of Paragon Real Estate Advisors and NWMLSNWMLS

OverviewEstate Overview - $3,200,000Closed

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221 Belmont Avenue,

Seattle, WA 98102

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...See More

  • 0 Beds
  • 0 Baths
  • 8700 Sqft
  • Residential Income

OverviewListing Details

Status:Closed
Original Listing Price: $ 3,200,000
Listing Date: 10/06/2025
Days on dealty:Was on Dealty for 213 days
County:King
MLS Type:NWMLSNWMLS
Built In:1928
Has HOA:No
Status Change Date:May 07, 2026
Pool:No
Cumulative Days on market:128 days
Last Updated:06/01/2026, 10:20:37 PM
*Please Contact Lister for more information.

FeaturesProperty Features

Design
  • Property subtype: Multi Family
  • Construction materials: Brick
  • Roof: Flat
Flooring
  • Hardwood
  • Laminate
Interior Spaces
    --
Bedrooms & Bathrooms
  • 0 - Bedrooms
  • 0 - Bathrooms
Exteriors
  • Exterior features: Brick,
Lot Details
  • Lot size: 0.1102 Acres / 4800 Square feet

AmenitiesAmenities

Utilities
  • Cooling - None
  • Heating - Baseboard
Laundry
    --
Parking
  • Garage Spaces: 5

HOAHOA & Financial

Primary HOA
    No
Second HOA
    No
Third HOA
    No

OverviewOpen House

* There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

Schools & Neighborhood

Schools
    --
Neighborhood
    --

NeighborhoodExplore The Area

Similar HomesSimilar Homes

AgentListing Agent

Agent
Michael Urquhart

(Paragon Real Estate Advisors)

MLS # NWM2441868

221 Belmont Avenue

Seattle, WA 98102

$3,200,000
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FOR MORE PHOTOS VISIT
https://www.dealty.ai/buy/home/221-belmont-avenue-seattle-wa-98102
Approx sqft
8700
Year Built
1928
Lot Size
4800 sqft/ 0.11 acres

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 Seat...(Visit the link to Get more info)

AGENT CONTACT

Northwest Multiple Listing Service

Based on information submitted to MLS Grid as of 06/01/2026, 10:20:37 PM. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used solely to identify prospective properties that consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed by MLS Grid. All information should be independently reviewed and verified. Open house information is subject to change without notice. Properties may or may not be listed by the office or agent presenting the information.