Multifamily · Seattle · Seattle-Bellevue metro, WA
County valuation incomplete: County building evidence or valuation-model support is incomplete here, so this page shows county public facts and private owner claim tools without a MakeMe Estimate.
One of 6,731 reachable multifamily buildings in Seattle.
Building size (estimated)
5,724 SF, estimated from lot coverage
Lot size
9,540 SF, King County Assessor
Predominant use
Apartment(mixed Use), King County Assessor
Assessed value
$5,008,500, per the King County Assessor (not a market appraisal)
Zoning
SM-SLU/R 65/95, King County
County use code
Apartment(Mixed Use)
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
County building evidence or valuation-model support is incomplete here, so this page shows county public facts and private owner claim tools without a MakeMe Estimate.
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Last sold: 2004-05-26 for $970,000 (recorded arm's-length sale).
Current ownership dates to 2016 (about 10 years) per recorded transfers.
2016-07-27: $54,750,000 from 1201 Mercer Investors LP to Rivet Urban Homes LLC+Rivet Urban Homes II LLC (part of a 2-parcel sale; price is the whole deal), rec. 20160801000612
2016-07-27: transfer from 1201 Mercer Investors LP to Rivet Urban Homes LLC+Rivet Urban Homes II LLC (part of a 2-parcel sale; price is the whole deal), rec. 20161104000826
2012-09-06: $5,570,000 from Are-Seattle No 25 LLC to 1201 Mercer Investors LP (part of a 2-parcel sale; price is the whole deal), rec. 20120906001251
2012-09-06: transfer from 1201 Mercer Investors LP to City of Seattle (non-market transfer), rec. 20120906001252
2004-05-26: $970,000 from Private party to Private party, rec. 20040528000412
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
Dark line: county assessed value per King County tax rolls. Diamonds: recorded arm's-length sales.
Land, site, and value history
Assessed value moved from $1,783,000 (2011) to $5,008,500 (2026), up 181% over 15 years, per county tax rolls. The 2026 roll splits $5,008,500 into $5,008,500 land and $0 improvements.