1400 Madison St, Seattle, WA 98104

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 6,731 reachable multifamily buildings in Seattle. Larger than 99% of multifamily buildings in Seattle (median 6,744 SF), derived from assessor records.

Usable building area
197,133 SF, King County Assessor
County gross area
262,727 SF, King County Assessor
Excluded area
65,594 SF outside primary usable area
Lot size
21,232 SF, King County Assessor
Year built
2021, King County Assessor
Stories
18, King County Assessor
Predominant use
Mixed Use Apartments, King County Assessor
Assessed value
$201,500, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$1.02/SF, derived from assessor records
Usable area / lot
9.28, derived from assessor records
Vintage
2020s vintage
Zoning
NC3P-200 (M), King County
County use code
Apartment(Mixed Use)

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

Want to talk to the owner? makeme1031 delivers a private letter directly to the owner of record. We never publish the owner's identity or address.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Received a letter about this building? It came from a real buyer through makeme1031; claiming is how you reply privately, on your terms.

Claimed owners also get Portfolio Pulse: a monthly email tracking this building's value.

Claim or manage this building

Sale history and market context

MakeMe Estimate: $415K (estimated market value), with a likely range of $389K to $448K (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works.

moderate confidence: 13 comparable sales within 3 miles; nearest 0.2 mi. Comparable-sale caveat: the estimate is 100% below the $524.32/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. The strongest 5 of 13 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Multifamily in Seattle

median verified sale $367.78/SF over the trailing 24 months; median $272,900 per unit; 139 sales in the last 12 months and 264 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.82x to 1.27x their county assessed value, median 1.00x (264 sales with usable county values).

  • 2022: $425.17/SF median (187 sales)
  • 2023: $404.65/SF median (114 sales)
  • 2024: $360.05/SF median (108 sales)
  • 2025: $374.38/SF median (149 sales)
  • 2026 YTD: $363.21/SF median (48 sales)

This estimate sits at 2.06x county assessed value, the 100th percentile of those recent sale premiums.

Computed from 5,897 verified arm's-length sales in King County public records (264 in the trailing 24 months). Free public records. Not an appraisal.