1 of 5

2 of 5

3 of 5

4 of 5

5 of 5

•  Media
• Map
• Street View

221 Belmont Ave E
Seattle, WA 98102 Capitol Hill

$3,200,000 USD

Apartments For Sale  •  8,700 SF

Property Details

• Property Type Apartments
• Total Building Size 8,700 SF
• Lot Size 0.11 AC
• Building Class C
• Year Built 1928
• Cap Rate 5.88 %
• Zoning MR (M)

88 Transit Score

97 Walk Score

Highlights

Pride of Ownership Asset

Classic brick façade with timeless character,

Value Add Opportunity

Potential to Add Units

Premier Capitol Hill location

Acquire below replacement cost

Property Flyers

Strand Apts - EPSMJUBDPBPD

Financial Summary (Actual)

Net Operating Income: $188,065 USD (2024)

Cap Rate:

5.88 %

Amenities

• 24 Hour Access
• Laundry Facilities
• Storage Space
• Heating
• Wi-Fi
• Oven
• Range
• Walk-In Closets
• Walk-Up
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
King Street (Seattle) Station (Sounder South Line - Central Puget Sound Regional Transit Authority Rail (Link Light Rail/Sounder))	6 min	-	2.2 mi
Transit/Subway	Drive	Walk	Distance
Westlake & Denny (South Lake Union Streetcar - Seattle Streetcar)	3 min	15 min	0.8 mi
Westlake & 7th South (South Lake Union Streetcar - Seattle Streetcar)	3 min	17 min	0.9 mi
Terry & Thomas (South Lake Union Streetcar - Seattle Streetcar)	3 min	17 min	0.9 mi
Terry & Mercer (South Lake Union Streetcar - Seattle Streetcar)	4 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	25 min	-	15.4 mi
Seattle Paine Field International	34 min	-	23.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	Surface
Included in Rent:	Yes