1014 E Terrace St, Seattle, WA 98122

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 19% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 4,602 SF, King County Assessor
Lot size: 2,400 SF, King County Assessor
Year built: 1907, King County Assessor
Stories: 3, King County Assessor
Predominant use: Apt, King County Assessor
Units: 6, King County Assessor
Assessed value: $1,497,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $325.29/SF, derived from assessor records
Lot coverage: 192%, derived from assessor records
Vintage: pre-war vintage
Zoning: MR (M), King County
County use code: Apartment

Nearby comparable buildings

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

400 10th Ave, Seattle · 0 mi · 37,485 SF · built 1985 · assessed $288.14/SF
914 E Terrace St, Seattle · 0 mi · 30,648 SF · built 2000 · assessed $199.39/SF
411 10th Ave, Seattle · 0 mi · 20,973 SF · built 1996 · assessed $216.99/SF
415 10th Ave, Seattle · 0 mi · 52,405 SF · built 2007 · assessed $219.47/SF
411 11th Ave, Seattle · 0 mi · 18,895 SF · built 2000 · assessed $252.34/SF
321 10th Ave, Seattle · 0.1 mi · 21,902 SF · built 1989 · assessed $291.21/SF

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Sale history and market context

MakeMe Estimate: $1,517,349 (estimated market value), with a likely range of $1,346,931 to $1,730,873 (half of recent verified sales in this segment landed inside that range). Based on 667 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $253K per unit at the midpoint (6 units).

Last sold: 2025-12-05 for $1,897,000 (recorded arm's-length sale).

Current ownership dates to 2025 per recorded transfers.

2025-12-05: $1,897,000 from East Terrace Apartments LLC to Murray Marie LLC, rec. 20251208000830

2013-06-25: $1,358,800 from Terrace Ir LLC to East Terrace Apartments LLC, rec. 20130628002352

2011-06-29: $769,200 from Terrace Building LLC to Terrace Ir LLC, rec. 20110630002425

2008-03-19: $950,000 from Private party to Terrace Building LLC, rec. 20080324002067

2001-07-16: $725,000 from Private party to Private party (part of a 2-parcel sale; price is the whole deal), rec. 20010718000751

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 $612,000 (2011) to $1,497,000 (2026), up 145% over 15 years, per county tax rolls. The 2026 roll splits $1,497,000 into $960,000 land and $537,000 improvements.

Zoning: MR (M) (per King County)

Lot: 2,400 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 4,602 SF (county building sections)

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