A newly constructed 91-unit multifamily property located at 421 Belmont Avenue E in Seattle’s Capitol Hill neighborhood has been brought to market, with no pricing guidance available at this time. Built in 2024, the 26,069-square-foot building sits on a 0.17-acre site zoned MR (M) and is offered on a fee simple basis. Berkadia is overseeing the listing.

Known as Alt Flats, the property is currently 95 percent leased following its initial lease-up and includes a diverse mix of unit types. According to the marketing flyer, the average unit size is 286 square feet, with the most common floorplan being Studio A — 30 units averaging 271 square feet. Micro units account for 21 units with an average size of 204 square feet. The building also includes a range of larger formats, including one- and

See Full Page