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Belmont Mansion 1712 Belmont Ave 5 Unit Apartment Building $1,995,000 ($399,000/Unit) Seattle, WA 98122
Investment Highlights
- Prime Capitol Hill location near shops, dining and transit
- Strong rental history with upside through rent repositioning
- Fully remodeled penthouse owner’s unit with premium finishes
- Walking distance (0.25 miles) to Capitol Hill light rail station
- Potential to develop up to 22,500 SF in the future
- Ideal for long-term hold or redevelopment strategy
Executive Summary
CBRE and Ewing & Clark is pleased to present Belmont Mansion, a boutique 5-unit multifamily investment opportunity located in the heart of Seattle’s vibrant Capitol Hill neighborhood. Built in 1903, this charming and well-maintained property blends historic character with modern upgrades, offering a rare opportunity to acquire a legacy asset with strong in-place income and future development potential.
The property features five spacious units, including a fully remodeled penthouse owner’s unit, and sits on a 5,000 SF mid-rise zoned lot with potential to build up to 22,500 SF. Located just a short walk from the Capitol Hill Light Rail Station and surrounded by some of Seattle’s most iconic restaurants, cafes, and nightlife, Belmont Mansion is ideally positioned to attract long-term tenants and benefit from continued neighborhood growth.
The property features five spacious units, including a fully remodeled penthouse owner’s unit, and sits on a 5,000 SF mid-rise zoned lot with potential to build up to 22,500 SF. Located just a short walk from the Capitol Hill Light Rail Station and surrounded by some of Seattle’s most iconic restaurants, cafes, and nightlife, Belmont Mansion is ideally positioned to attract long-term tenants and benefit from continued neighborhood growth.
Property Facts
| Price | $1,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $399,000 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 5 | Building Size | 4,962 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1903 |
| Zoning | MR (M) | ||
| Price | $1,995,000 |
| Price Per Unit | $399,000 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.12 AC |
| Building Size | 4,962 SF |
| No. Stories | 2 |
| Year Built | 1903 |
| Zoning | MR (M) |
Amenities
Unit Amenities
- Heating
- Kitchen
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | 1,300 |
| 1+1 | 2 | - | 828 |
| 1+1 | 1 | - | 1,656 |
| Studios | 1 | - | 350 |
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Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (94)
Bike Score®
Very Bikeable (82)
Property Taxes
| Parcel Number | 880490-0615 | Improvements Assessment | $1,000 |
| Land Assessment | $2,000,000 | Total Assessment | $2,001,000 |
Property Taxes
Parcel Number
880490-0615
Land Assessment
$2,000,000
Improvements Assessment
$1,000
Total Assessment
$2,001,000
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Videos
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Photos
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Map
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Contact the Sale Advisor
Belmont Mansion | 1712 Belmont Ave
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