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Corner-Lot Quadruplex
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301 Belmont Avenue E, Seattle, WA 98102

MR-zoned four-unit property with redevelopment planning underway for a larger apartment project.

Property SizeContact for details
Days on Market143

Property Features for 301 Belmont Avenue E

General Information

Standard status Active
Property subtype Mixed Use
Listing Agency: Coldwell Banker Commercial Bain Associates Redmond
Listed By: Amnon Bruck · License #WA 27613
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 30 at 12:46PM

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 Coldwell Banker Commercial Bain Associates Redmond

Investment Insights

Based on property information with market context.

This corner-lot property contains a quadruplex and is zoned MR. Redevelopment planning supports a 29-unit apartment building, while a separate 35-unit plan is also available. The 29-unit concept has received approval from the City of Seattle’s Design board committee and is progressing through MUP and construction permit stages; EDG materials are available.

The property is identified as Urban Village and MHA-fee exempt. Its Capitol Hill setting places it near restaurants, coffeeshops, retail, grocery stores, transportation, and entertainment. The location also offers access to South Lake Union, First Hill hospitals, major universities, and downtown Seattle. Lake and Space Needle views are available from the upper stories.

Key Highlights

  • Existing quadruplex on a corner lot
  • MR zoning supports a 29‑unit apartment building
  • Separate 35‑unit plan is available

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Butcher Mobile Phone Store Clothing & Fashion Store Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,588
Businesses Nearby

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

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Quadplex - MR-zoned four-unit property with redevelopment planning underway for a larger apartment project.
Where is this quadplex located?
The property is located at 301 Belmont Avenue E Seattle, WA.
What are key features of this property?
This property features: Existing quadruplex on a corner lot; MR zoning supports a 29‑unit apartment building; Separate 35‑unit plan is available
More about this property
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