1220 N 45th St, Seattle, WA 98103

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mixed-use residential/retail, 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 AI estimate from public imagery; may be outdated.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 92% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 79,090 SF, King County Assessor
Lot size: 31,880 SF, King County Assessor
Year built: 2007, King County Assessor
Stories: 4, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Mix Use Apts/Retail/Restaurant(condos?), King County Assessor
Units: 45, King County Assessor
Assessed value: $17,038,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $215.43/SF, derived from assessor records
Lot coverage: 248%, derived from assessor records
Vintage: 2000s vintage
Zoning: NC2P-55 (M), King County
County use code: Apartment
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): street only, 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.

1240 N Midvale Pl, Seattle · 0 mi · 16,049 SF · built 2016 · assessed $214.54/SF
4453 Stone Way N, Seattle · 0.1 mi · 36,411 SF · built 2021 · assessed $259.85/SF
4611 Stone Ave N, Seattle · 0.1 mi · 3,310 SF · built 1957 · assessed $368.88/SF
4501 Midvale Ave N, Seattle · 0.1 mi · 21,430 SF · built 1968 · assessed $231.78/SF
4455 Interlake Ave N, Seattle · 0.1 mi · 175,864 SF · built 2015 · assessed $233.92/SF
4612 Stone Way N, Seattle · 0.1 mi · 26,666 SF · built 2022 · assessed $437.41/SF

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Sale history and market context

MakeMe Estimate: $15,625,924 (estimated market value), with a likely range of $13,870,936 to $17,824,834 (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 $347K per unit at the midpoint (45 units).

Last sold: 2004-11-24 for $1,850,000 (recorded arm's-length sale).

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

2024-07-23: transfer from Trinity Partnership LLP to Rose Stonehedge LLC +Trinity Stonehedge LLC (non-market transfer), rec. 20240726000589

2024-06-24: $9,131,500 from Private party to Rose Stonehedge LLC (50%) (non-market transfer), rec. 20240624000725

2023-06-30: transfer from Trinity Stonehedge LLC to Private party (non-market transfer), rec. 20230703000013

2007-06-18: $17,168 from BDNT Ferndale LLC to Trinity Stonehedge LLC (non-market transfer), rec. 20070626000958

2004-11-24: $1,850,000 from Stone-Wall Investments LTD to Trinity Stonehedge LLC+BDNT Ferndale LLC, rec. 20041130003340

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 $5,095,000 (2011) to $17,038,000 (2026), up 234% over 15 years, per county tax rolls. The 2026 roll splits $17,038,000 into $10,520,400 land and $6,517,600 improvements.

Zoning: NC2P-55 (M) (per King County)

Lot: 31,880 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 45,565 SF; Basement, Parking 22,952 SF; Retail Store 9,463 SF; Residence 1,110 SF (county building sections)

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

Permit history

2026-02-02: Electrical, permit 7127518-EL

2024-12-19: Electrical, declared value $5,000 (Screened), permit 7061894-EL

2024-12-02: Remodel, declared value $30,000 (Screened), permit 7041976-CN

2024-07-30: Electrical, declared value $22,205 (Screened), permit 7038137-EL

2020-06-24: Remodel, declared value $25,000 (Complete), permit 6784383-CN

2019-09-17: Remodel, declared value $250,000 (Complete), permit 6738967-CN

2007-08-13: Remodel, declared value $124,749 (Complete), permit 6132546

2006-04-11: Building, New, declared value $6,421,415 (Complete), permit 6094021

2003-12-11: Demolition (Complete), permit 739490

Source: King County permit records (newest first).