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221 Belmont Ave E
Seattle, WA 98102 Capitol Hill

$3,200,000 USD

Apartments For Sale  •  14,460 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 (Everett - Seattle - Sound Transit, Seattle - Tacoma/Lakewood - Sound Transit, Sounder South Line - Sound Transit)	6 min	-	2.1 mi
Transit/Subway	Drive	Walk	Distance
Capitol Hill Station (Lynnwood - Angle Lake - Sound Transit, Northgate - Angle Lake - Sound Transit)	1 min	5 min	0.3 mi
Broadway And Denny (First Hill Streetcar - City of Seattle)	1 min	6 min	0.4 mi
Broadway & Pike-Pine (First Hill Streetcar - City of Seattle)	2 min	11 min	0.6 mi
Terry & Thomas (South Lake Union Streetcar - Seattle Streetcar)	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Seattle-Tacoma International	25 min	-	15.4 mi
Seattle Paine Field International	33 min	-	23.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	5
Type:	Covered
Included in Rent:	Yes