1200 Stewart St, Seattle, WA 98101

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: urban mixed-use, 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 AI estimate from public imagery; may be outdated.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 5,391 reachable multifamily buildings in Seattle. Larger than 100% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 1,395,172 SF, King County Assessor
Lot size: 13,560 SF, King County Assessor
Year built: 2018, King County Assessor
Stories: 45, King County Assessor
Predominant use: High Rise Apartments, King County Assessor
Units: 1050, King County Assessor
Assessed value: $496,756,500, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $356.05/SF, derived from assessor records
Lot coverage: 10289%, derived from assessor records
Vintage: 2010s vintage
Zoning: DMC 240/290-440, King County
County use code: Apartment(Mixed Use)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

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

1820 Minor Ave, Seattle · 0 mi · 140,049 SF · built 1993 · assessed $378.72/SF
1814 Minor Ave, Seattle · 0.1 mi · 12,136 SF · built 1905 · assessed $489.62/SF
1823 Minor Ave, Seattle · 0.1 mi · 513,947 SF · built 2015 · assessed $374.78/SF
111 Yale Ave N, Seattle · 0.1 mi · 76,279 SF · built 2000 · assessed $474.39/SF
2014 Fairview Ave, Seattle · 0.1 mi · 540,693 SF · built 2019 · assessed $473/SF
133 Pontius Ave N, Seattle · 0.1 mi · 24,000 SF · built 1916 · assessed $365.38/SF

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Sale history and market context

MakeMe Estimate: $422,691,418 (estimated market value), with a likely range of $386,088,207 to $436,221,015 (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 $403K per unit at the midpoint (1050 units).

Current ownership dates to 2015 (about 11 years) per recorded transfers.

2015-09-30: $52,800,000 from 1221 East Denny Owner LLC to Project Stewart LLC (part of a 7-parcel sale; price is the whole deal), rec. 20150930000469

2007-12-21: $5,250,000 from Stewart Properties LLC to 1221 East Denny Owner LLC (part of a 2-parcel sale; price is the whole deal), rec. 20071221001885

2000-03-31: $1,999,211 from FSW Corp to Stewart Properties LLC, rec. 20000331002720

1994-06-20: $775,000 from Private party to FSW Corporation, rec. 199407151534

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 $5,425,000 (2011) to $496,756,500 (2026), up 9057% over 15 years, per county tax rolls. The 2026 roll splits $496,756,500 into $16,272,000 land and $480,484,500 improvements.

Zoning: DMC 240/290-440 (per King County)

Lot: 13,560 sq ft

Rated views: Territorial, Seattle skyline, Puget Sound, Lake / river / creek

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 949,000 SF; Underground Parking Structure 294,000 SF; Retail Store 152,172 SF (county building sections)

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

Permit history

2026-02-06: Electrical, permit 7128310-EL

2026-01-08: Electrical, permit 7124219-EL

2025-09-05: Electrical, declared value $300,000, permit 7105291-EL

2025-08-26: Other, declared value $500,000, permit 7103621-RF

2025-07-30: Electrical, declared value $60,000, permit 7099138-EL

2025-01-15: Electrical, declared value $212,000,000 (Revisit), permit 7065438-EL

2023-11-27: Electrical, declared value $160,000 (Screened), permit 6997905-EL

2023-05-30: Building, New, declared value $1,500,000 (Screened), permit 6931940-CN

2022-01-12: Remodel, declared value $4,500,000 (Complete), permit 6806248-CN

2022-01-04: Remodel, declared value $850,000 (Revisit), permit 6755006-CN

Source: King County permit records (newest first).