Capitol Hill Multifamily Investment
For Sale
$3,200,000
Pending
221 Belmont Ave, Seattle, WA 98102
18-unit apartment building with recent upgrades in prime location.
Property SizeContact for details
Days on Market317
Property Features for 221 Belmont Ave
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1928
Listing Agency:
PARAGON REAL ESTATE ADVISORS
Listed By:
ERIC SMITH
Source:
Corcoran
Added: Oct 9, 2025
Changed: Jul 6
Last Checked: Jul 23 at 7:22AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of PARAGON REAL ESTATE ADVISORS
Investment Insights
Based on property information with market context.
This 18-unit multifamily property is situated in the Capitol Hill neighborhood. Recent upgrades include new electrical service mains and subpanels installed in 2013, as well as high-efficiency tankless water heaters added in 2022. The property is offered at $177,778 per unit and $368 per square foot. Currently, the property delivers a 5.9% cap rate. The location provides access to rental markets.
Key Highlights
- Prime Capitol Hill location in a sought‑after rental market.
- Attractive cost basis at $177,778/unit and $368/SF.
- Current 5.9% cap rate provides durable in‑place income.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,452
Businesses Nearby
Explore this area
Business Placement
Demographics for 98102, WA
25,066
Population
17,944
Households
1.4
Avg Household Size
34
Median Age
79%
College-Educated
99%
High-School Grad
1.3 sq mi
ZIP Area
19,282
Density / Sq Mi
$114,395
Median Household Income
$80,130
Median Earnings
$1,920
Median Rent
$988,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - 18-unit apartment building with recent upgrades in prime location.
Where is this apartment building located?
The property is located at 221 Belmont Ave Seattle, WA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Prime Capitol Hill location in a sought‑after rental market.; Attractive cost basis at $177,778/unit and $368/SF.; Current 5.9% cap rate provides durable in‑place income.
