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Listing Firm: Lee & Associates Commercial RE: Daniel Lim

Active
NWMLS # 2368693

221 Belmont Avenue E, Seattle, WA 98102

Listings with the three tree icon are courtesy of NWMLS

About This Property

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.

Aris360 Last Checked: 1 Minute Ago (May 14, 2025 03:51 AM)

  • Source: NWMLS as Distributed by MLS Grid #2368693

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Belmont
  • Zip/Postal Code: 98102
  • City: Seattle

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$3,847 per month
Principal & Interest
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Property Taxes

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Interest Rate

According to icanbuy, the average interest rate for a 30-year fixed loan in 98102 is 7.009%. Compare current rates

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Property Features

  • County
    • Capitol Hill
  • Community
    • 390 - Central Seattle
  • MLS Area
    • 390 - Central Seattle
  • Longitude
    • -122.324379
  • Latitude
    • 47.62037
  • Directions
    • Heading west on Olive Way right on Belmont. Mid block

  • Floors
    • Hardwood
    • See Remarks
  • Power Production Type
    • Electric
    • Natural Gas

  • Stories
    • 3
  • Style
    • 56 - 10+ Units
  • Parking Spaces
    • 6
  • Lot Description
    • Alley,
    • Curbs,
    • Sidewalk,
  • Foundation
    • Poured Concrete,
    • See Remarks,
  • Elevation
    • Feet
  • Water Source
    • Community,
  • Exterior
    • Brick
  • Roof
    • Flat,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 6
  • Building Total Area (Sq. Ft.)
    • 4800
  • Has View
    • Yes
  • Energy Features
    • Thermal Windows,
  • View Description
    • City,

  • High School District
    • Seattle

  • Possession
    • Closing,
    • Subject to Tenant Rights,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi Family
  • Tax Year
    • 2025
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $36914
  • Year Built
    • 1928
  • Effective Year Built
    • 1990
  • Status
    • Active

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Disclaimer: Based on information submitted to the MLS GRID as of Wed May 14 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

May 14, 2025 03:51 AM