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    219 Belmont Ave E Seattle, WA 98102

    For Sale
    $2,700,000

    11-unit apartment building in Seattle's Capitol Hill neighborhood.

    Property Features for 219 Belmont Ave E

    General Information

    Standard status
    Active

    Building Details

    Year built
    1910

    Source: LEE & ASSOCIATES COMMERCIAL REAL ESTATE SERVICES Agent CANDICE CHEVAILLIER, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Capitol Hill Apartments: 11 Units

    The Lanning Apartments is an 11-unit apartment building located in the Capitol Hill neighborhood of Seattle. Constructed in 1910, this brick veneer building features spacious layouts averaging 827 square feet. The unit mix includes 10 one-bedroom units and 1 two-bedroom unit. The kitchens and bathrooms have been updated on turnover. Ten of the eleven apartments include in-unit washers and dryers. The property is located near Broadway's retail corridor, the Capitol Hill Light Rail Station, and South Lake Union, providing access to employment, nightlife, and daily conveniences.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Seattle
    County
    King
    State
    Washington
    Longitude
    -122.3243848
    Latitude
    47.6202607

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    FAQs

    What type of property is this?
    Apartment building - 11-unit apartment building in Seattle's Capitol Hill neighborhood.
    Where is this apartment building located?
    The property is located at 219 Belmont Ave E Seattle, WA.
    What is the asking price?
    The asking price for this property is $2,700,000.
    What are key features of this property?
    This property features: - Prime Capitol Hill location, a highly desirable and walkable Seattle neighborhood.; - Spacious units averaging 827 SF, a rare find in Capitol Hill.; - Proximity to Broadway retail, Capitol Hill Light Rail Station, and South Lake Union.
    Request Owner's contact information
    219 Belmont Ave E Seattle, WA 98102
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    219 Belmont Ave E Seattle, WA 98102
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