1250 5th Ave N, Seattle, WA 98109

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 69% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 18,319 SF, King County Assessor
Lot size: 12,025 SF, King County Assessor
Year built: 1991, King County Assessor
Stories: 4, King County Assessor
Predominant use: 38-Unit Workforce Housing, King County Assessor
Units: 38, King County Assessor
Assessed value: $7,550,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $412.14/SF, derived from assessor records
Lot coverage: 152%, derived from assessor records
Vintage: 1990s vintage
Zoning: LR3 (M), King County
County use code: Apartment
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.

1243 5th Ave N, Seattle · 0 mi · 4,455 SF · built 1962 · assessed $362.51/SF
1249 5th Ave N, Seattle · 0 mi · 5,196 SF · built 1912 · assessed $346.42/SF
1401 5th Ave N, Seattle · 0 mi · 33,277 SF · built 1963 · assessed $255.43/SF
1233 Taylor Ave N, Seattle · 0 mi · 13,674 SF · built 1988 · assessed $358.71/SF
1415 Taylor Ave N, Seattle · 0.1 mi · 3,840 SF · built 1956 · assessed $441.67/SF
505 Galer St, Seattle · 0.1 mi · 6,240 SF · built 1974 · assessed $322.92/SF

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Sale history and market context

MakeMe Estimate: $7,130,199 (estimated market value), with a likely range of $6,329,387 to $8,133,574 (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 $188K per unit at the midpoint (38 units).

Last sold: 2020-05-05 for $9,027,663 (recorded arm's-length sale).

Current ownership dates to 2020 (about 6 years) per recorded transfers.

2020-05-05: $9,027,663 from Qag Partners LLC to Willow Lake III LLC, rec. 20200511001869

3 administrative transfers (no consideration), 2016 to 2016

2015-04-06: $2,221,740 from Qac Partners LLC to Skylark Apartments LLC, rec. 20150408001480

2 administrative transfers (no consideration), 2015 to 2015

2012-10-09: $3,871,200 from 1250 5th Ave LLC to Qag Partners LLC, rec. 20121016000943

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 $2,239,000 (2011) to $7,550,000 (2026), up 237% over 15 years, per county tax rolls. The 2026 roll splits $7,550,000 into $2,825,800 land and $4,724,200 improvements.

Zoning: LR3 (M) (per King County)

Lot: 12,025 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 18,319 SF (county building sections)

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