11105 NE 123rd Ln, Kirkland, WA 98034

Multifamily · Kirkland · Seattle-Bellevue metro, WA

One of 229 reachable multifamily buildings in Kirkland. Larger than 95% of multifamily buildings in Kirkland (median 7,524 SF), derived from assessor records.

Usable building area
187,798 SF, King County Assessor
County gross area
192,014 SF, King County Assessor
Excluded area
4,216 SF outside primary usable area
Lot size
552,340 SF, King County Assessor
Year built
1990, King County Assessor
Stories
3, King County Assessor
Predominant use
202-Unit Apt Complex, King County Assessor
Units
202, King County Assessor
Assessed value
$72,645,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$386.83/SF, derived from assessor records
Usable area / lot
0.34, derived from assessor records
Vintage
1990s vintage
Zoning
TL 11, King County
County use code
Apartment

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $85M (estimated market value), with a likely range of $81.2M to $92.6M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works. About $421K per unit at the midpoint (202 units).

lower confidence: 1 comparable sale within 3 miles; nearest 0.7 mi. Recent sale check: this building sold for $73,350,000 in 2024; the estimate is about 16% apart. Treat the recorded trade as strong evidence alongside the model.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.

Market context: Multifamily in Kirkland

median verified sale $833.33/SF over the trailing 24 months; median $662,500 per unit; 4 sales in the last 12 months and 9 in 24 (newest verified sale 2026-04); the middle 80% of recent sales traded at 1.01x to 2.33x their county assessed value, median 1.62x (9 sales with usable county values).

This estimate sits at 1.17x county assessed value, the 33rd percentile of those recent sale premiums.

Computed from 260 verified arm's-length sales in King County public records (9 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2024-08-26 for $73,350,000 (recorded arm's-length sale).

Current ownership dates to 2024 (about 2 years) per recorded transfers.

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

Value over time

$0$25M$50M$75M$100M201120142017202020232026$53.1MLast sold $73.3M · 2024$85M$72.6MCounty assessed valueMakeMe Estimate rangeRecorded sale

Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $31,815,000 (2011) to $72,645,000 (2026), up 128% over 15 years, per county tax rolls. The 2026 roll splits $72,645,000 into $19,331,900 land and $53,313,100 improvements.

Taxes

Permit history

Source: King County permit records (newest first).