221 Belmont Avenue ESeattle, WA 98102
Listing courtesy of Michael Urquhart of Paragon Real Estate Advisors
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18-unit multifamily property located in the heart of Capitol Hill. Significant recent upgrades—including new electrical service mains and subpanels (2013) and high-efficiency tankless water heaters (2022). Offered at just $177,778/unit and $368/SF, The Strand represents a compelling basis play in the heart of Capitol Hill. The property delivers a current 5.9% cap rate, giving investors durable in-place income along with the upside potential of interior enhancements and rent growth in one of Seattle’s most sought-after rental markets. The Strand offers a rare opportunity to secure a character-rich asset at an attractive cost basis and benefit from continued appreciation in one of Seattle’s most resilient, high-demand submarkets.
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 4 weeks ago | Listing first seen on site |
Listing courtesy of Michael Urquhart of Paragon Real Estate Advisors
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Last checked: 2025-11-03 02:28 AM PST
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