221 Belmont AVE E new to site Save Request In-Person Tour Request Virtual Tour
Seattle,WA 98102
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
Exterior
Exterior Feature Brick
View Y/N Yes
View City
Roof Type Flat
Building
Lot Description Alley,Curbs,Sidewalk
Sewer Sewer Connected
Water Community
New Construction No
Schools
School District Seattle
Others
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