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Eric Smith
Direct: (206) 623-8880
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Paragon Real Estate Advisors
Main: (206) 623-8880
www.paragonrea.com
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Brian Platt
Direct: (206) 812-9130
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Paragon Real Estate Advisors
Main: (206) 623-8880
www.paragonrea.com
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Michael Urquhart
Direct: (206) 812-9123
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Paragon Real Estate Advisors
Main: (206) 623-8880
www.paragonrea.com
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FOR SALE - Listing #: 703356
The Strand
221 - 0 Belmont Ave , Seattle WA98102
Agent Remarks
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 $368/SF, The Strand represents a compelling basis play in the heart of Capitol Hill. The property delivers a current 5.9% cap rate, giving investors durable in-place income along with the upside potential of interior enhancements and rent growth in one of Seattle’s most sought-after rental markets. With strong market fundamentals and a premier walkable location, The Strand offers a rare opportunity to secure a character-rich asset at an attractive cost basis and benefit from continued appreciation in one of Seattle’s most resilient, high-demand submark
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County
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King
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Market Area
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Capitol Hill/First Hill
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Tax ID #
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6848200610
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Price
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$ 3,200,000
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Property Details
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Prop Type
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Multi-Family
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# Floors
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3
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Bldg SF
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8,700
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Year Built
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1928
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Land SF
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4,792
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# Bldgs
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1
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Acres
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0.11
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# Parking Spaces
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5
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Office Class
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B
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Informational Links
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