12340 NE 115th Pl, Kirkland, WA 98033

Multifamily · Kirkland · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise 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 AI estimate from public imagery; may be outdated.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 188 reachable multifamily buildings in Kirkland. Larger than 87% of multifamily buildings in Kirkland (median 8,700 SF), derived from assessor records.

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Building size: 144,347 SF, King County Assessor
Lot size: 84,344 SF, King County Assessor
Year built: 2013, King County Assessor
Stories: 5, King County Assessor
Predominant use: 2 Bldgs On Podium - 108 Units, King County Assessor
Units: 108, King County Assessor
Assessed value: $40,852,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $283.01/SF, derived from assessor records
Lot coverage: 171%, derived from assessor records
Vintage: 2010s vintage
Zoning: NRH 1A, King County
County use code: Apartment(Mixed Use)
Construction (observed): wood frame, 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.

11101 123rd Ln NE, Kirkland · 0.2 mi · 202,284 SF · built 1995 · assessed $265.07/SF
12602 NE 118th St, Kirkland · 0.3 mi · 3,328 SF · built 1979 · assessed $372.30/SF
12606 NE 118th St, Kirkland · 0.3 mi · 3,328 SF · built 1979 · assessed $372.30/SF
12614 NE 118th St, Kirkland · 0.3 mi · 3,328 SF · built 1979 · assessed $372.30/SF
12622 NE 118th St, Kirkland · 0.3 mi · 3,328 SF · built 1979 · assessed $372.30/SF
12616 NE 118th St, Kirkland · 0.3 mi · 3,328 SF · built 1979 · assessed $372.30/SF

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Sale history and market context

MakeMe Estimate: $48,953,954 (estimated market value), with a likely range of $44,714,758 to $50,520,883 (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 $453K per unit at the midpoint (108 units).

Last sold: 2010-12-20 for $1,800,000 (recorded arm's-length sale).

Current ownership dates to 2013 (about 13 years) per recorded transfers.

2013-09-19: $29,359,500 from MSPT IV LLC to Private party, rec. 20130920001042

2011-01-04: transfer from Luna Sol LLC to MSPT IV LLC (non-market transfer), rec. 20110210001082

2010-12-20: $1,800,000 from Washington Trust Bank to MSPT IV LLC, rec. 20101222001156

2010-06-23: transfer from FP Services INC to Washington Trust Bank (non-market transfer), rec. 20100623001592

2008-07-08: $50,000 from Private party to Luna Sol LLC, rec. 20080714000099

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 $2,193,900 (2011) to $40,852,000 (2026), up 1762% over 15 years, per county tax rolls. The 2026 roll splits $40,852,000 into $3,795,400 land and $37,056,600 improvements.

Zoning: NRH 1A (per King County)

Lot: 84,344 sq ft

Rated views: Territorial

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 104,079 SF; Parking Structure 30,270 SF; Line Retail 9,998 SF (county building sections)

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

Permit history

2025-05-22: Electrical, declared value $5,000, permit ENR25-03909

2024-12-18: Remodel, declared value $10,000 (Screened), permit BNR23-05508

2023-12-12: Sign, declared value $7,000 (Screened), permit SGN23-04909

2023-04-20: Electrical, declared value $25,000 (Screened), permit ENR23-02743

2023-04-06: Other, declared value $20,000 (Screened), permit MMU23-00335

2023-02-23: Remodel, declared value $100,000 (Screened), permit BNR22-09259

2023-02-23: Plumbing, declared value $2,500 (Screened), permit PNR23-01319

2021-10-20: Sign, declared value $6,500 (Defunct), permit SGN21-06907

2021-08-23: Electrical, declared value $5,000 (Screened), permit ELV21-06459

2020-03-17: Electrical, declared value $1,500 (Screened), permit EMF20-01879

Source: King County permit records (newest first).