1001 1st Ave N, Kent, WA 98032

Multifamily · Kent · Seattle-Bellevue metro, WA

Imagery suggests: garden apartments, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears well maintained. AI estimate from public imagery; may be outdated.

One of 280 reachable multifamily buildings in Kent. Larger than 82% of multifamily buildings in Kent (median 8,900 SF), derived from assessor records.

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Building size: 126,089 SF, King County Assessor
Lot size: 342,208 SF, King County Assessor
Year built: 2018, King County Assessor
Stories: 3, King County Assessor
Predominant use: Larc@kent, King County Assessor
Units: 131, King County Assessor
Assessed value: $32,410,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $257.04/SF, derived from assessor records
Lot coverage: 37%, derived from assessor records
Vintage: 2010s vintage
Zoning: NR-3, King County
County use code: Apartment
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

412 E Novak Ln, Kent · 0.2 mi · 195,362 SF · built 1999 · assessed $243.34/SF
923 4th Ave N, Kent · 0.2 mi · 6,350 SF · built 2011 · assessed $238.43/SF
419 E Novak Ln, Kent · 0.2 mi · 204,403 SF · built 2023 · assessed $325.78/SF
861 4th Ave N, Kent · 0.2 mi · 4,690 SF · built 1986 · assessed $198.29/SF
851 4th Ave N, Kent · 0.3 mi · 6,820 SF · built 1986 · assessed $232.26/SF
855 4th Ave N, Kent · 0.3 mi · 7,881 SF · built 1986 · assessed $230.43/SF

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Sale history and market context

MakeMe Estimate: $35,608,725 (estimated market value), with a likely range of $32,525,167 to $36,748,497 (half of recent verified sales in this segment landed inside that range). Based on 98 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $272K per unit at the midpoint (131 units).

Current ownership dates to 2016 (about 10 years) per recorded transfers.

2016-11-15: transfer from Larc at Kent Station LLC to Kent City of (part of a 3-parcel sale; price is the whole deal), rec. 20161128001219

2016-05-09: $1,250,000 from Private party to Larc @ Kent Station LLC (part of a 3-parcel sale; price is the whole deal), rec. 20160511000483

4 administrative transfers (no consideration), 1999 to 2012

1998-01-05: $425,000 from Nepco Pension Properties INC to Private party, rec. 199801090942

1995-05-04: $2,000 from Triangle Properties Limited to Nepco Pension Properties INC (non-market transfer), rec. 199505080785

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

Solid line: county appraised value per King County tax rolls. Shaded range: our modeled estimate for each year, built from recorded arm's-length sales in the building's segment; years without enough sales stay unmodeled. Dots: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $519,400 (2011) to $32,410,000 (2026), up 6140% over 15 years, per county tax rolls. The 2026 roll splits $32,410,000 into $1,539,900 land and $30,870,100 improvements.

Zoning: NR-3 (per King County)

Lot: 342,208 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 126,089 SF (county building sections)

County districts report (schools, fire, sewer, council; on kingcounty.gov)

1001 1st Ave N, Kent, WA 98032

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Nearby comparable buildings

Sale history and market context

Value over time

Land, site, and value history

Taxes

Permit history