140 Lake St S, Kirkland, WA 98033

Multifamily · Kirkland · Seattle-Bellevue metro, WA

Imagery suggests: low-rise commercial block, 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 AI estimate from public imagery; may be outdated.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 95% of multifamily buildings in Kirkland (median 8,700 SF), derived from assessor records.

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Building size: 286,694 SF, King County Assessor
Lot size: 56,526 SF, King County Assessor
Year built: 2023, King County Assessor
Stories: 5, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: 141-Unit Mixed-Use Apt Bldg, King County Assessor
Units: 141, King County Assessor
Assessed value: $91,690,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $319.82/SF, derived from assessor records
Lot coverage: 507%, derived from assessor records
Vintage: 2020s vintage
Zoning: CBD 1B, King County
County use code: Apartment(Mixed Use)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, 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.

117 Lake St S, Kirkland · 0.1 mi · 15,256 SF · built 1927 · assessed $312.93/SF
207 Park Ln, Kirkland · 0.1 mi · 204,528 SF · built 2017 · assessed $367.98/SF
410 Lake St S, Kirkland · 0.2 mi · 8,352 SF · built 1959 · assessed $477.61/SF
430 Lake St S, Kirkland · 0.2 mi · 13,652 SF · built 1963 · assessed $514.65/SF
407 2nd St S, Kirkland · 0.2 mi · 8,352 SF · built 1958 · assessed $477.61/SF
92 Central Way, Kirkland · 0.2 mi · 134,243 SF · built 2002 · assessed $236.26/SF

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Sale history and market context

MakeMe Estimate: $102,142,749 (estimated market value), with a likely range of $93,297,638 to $105,412,156 (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 $724K per unit at the midpoint (141 units).

Last sold: 2018-05-11 for $9,200,000 (recorded arm's-length sale).

Current ownership dates to 2018 (about 8 years) per recorded transfers.

2018-05-11: $9,200,000 from Hector's Property LLC to Kirkland Lake Street LP, rec. 20180511000983

2003-05-16: transfer from Private party to Hectors Property LLC (non-market transfer), rec. 20030521003267

2002-12-19: $2,800,000 from Pocor LLC C/O Hector's to Mcleod Stuart M C/O Mcleod Development Company, rec. 20021220002050

1998-08-27: $1,200,000 from Private party to Pocor LLC (non-market transfer), rec. 199808283064

1996-03-29: transfer from Private party to Private party (non-market transfer), rec. 199605081460

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 $2,201,100 (2011) to $91,690,000 (2026), up 4066% over 15 years, per county tax rolls. The 2026 roll splits $91,690,000 into $13,848,800 land and $77,841,200 improvements.

Zoning: CBD 1B (per King County)

Lot: 56,526 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 145,599 SF; Parking Levels (Intermediate/Under Building) 110,414 SF; Retail Store 17,978 SF; Office Building 12,703 SF (county building sections)

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

Permit history

2026-03-13: Other, declared value $13,000, permit FIR26-01094

2026-02-26: Electrical, declared value $3,500, permit EMU26-01396

2026-02-24: Electrical, declared value $1,500, permit ELV26-01330

2026-02-20: Remodel, declared value $7,500, permit BMU26-00707

2026-02-20: Other, declared value $4,097, permit FIR26-01253

2026-02-13: Remodel, declared value $1,400,000, permit BNR25-07662

2026-02-13: Other, declared value $280,000, permit MNR25-09532

2026-02-13: Plumbing, declared value $112,000, permit PNR25-09531

2026-02-11: Electrical, declared value $30,000, permit ENR25-09300

2025-06-12: Other, declared value $3,639, permit FIR25-04445

Source: King County permit records (newest first).