1455 S Puget Dr, Renton, WA 98055

Multifamily · Renton · Seattle-Bellevue metro, WA

Imagery suggests: garden apartments, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 302 reachable multifamily buildings in Renton. Larger than 83% of multifamily buildings in Renton (median 6,852 SF), derived from assessor records.

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Building size: 102,894 SF, King County Assessor
Lot size: 292,787 SF, King County Assessor
Year built: 1983, King County Assessor
Stories: 3, King County Assessor
Predominant use: Constellation Apts, King County Assessor
Units: 132, King County Assessor
Assessed value: $28,881,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $280.69/SF, derived from assessor records
Lot coverage: 35%, derived from assessor records
Vintage: 1980s vintage
Zoning: RM-F, King County
County use code: Apartment
Construction (observed): wood frame, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

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

1524 S Puget Dr, Renton · 0.2 mi · 5,316 SF · built 1998 · assessed $194.70/SF
1512 S Puget Dr, Renton · 0.2 mi · 5,316 SF · built 1998 · assessed $194.70/SF
1823 Grant Avenue South, Renton · 0.4 mi · 85,721 SF · built 2022 · assessed $138.65/SF
1817 Grant Avenue South, Renton · 0.4 mi · 35,550 SF · built 1987 · assessed $1,158/SF
1300 S Puget Dr, Renton · 0.4 mi · 94,325 SF · built 1981 · assessed $274.46/SF
1250 S Puget Dr, Renton · 0.5 mi · 112,581 SF · built 2014 · assessed $176.73/SF

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Sale history and market context

MakeMe Estimate: $30,119,616 (estimated market value), with a likely range of $27,511,390 to $31,083,691 (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 $228K per unit at the midpoint (132 units).

Last sold: 2020-12-01 for $27,368,000 (recorded arm's-length sale).

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

2020-12-01: $27,368,000 from Mercury Constellation Fee Owner LLC to B9 MF Constellation LLC, rec. 20201202000164

2015-12-10: $16,915,000 from Faof Gateway LLC to Mercury Constellation Fee Owner LLC, rec. 20151211001047

2013-08-15: $10,395,000 from MG Acres Apartments East L P to Faof Gateway LLC, rec. 20130815001878

2004-10-04: $7,618,000 from FSF Gateway Associates LLC to MG Acres Apartments East LP, rec. 20041007000802

1999-04-28: $5,550,000 from Private party to FSF Gateway Associates LLC, rec. 199905032008

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 $10,098,000 (2011) to $28,881,000 (2026), up 186% over 15 years, per county tax rolls. The 2026 roll splits $28,881,000 into $4,977,300 land and $23,903,700 improvements.

Zoning: RM-F (per King County)

Lot: 292,787 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 102,894 SF (county building sections)

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

Permit history

2026-03-10: Plumbing, declared value $2,500, permit P26001208

2025-09-19: Electrical, declared value $2,000, permit E25004796

2025-07-29: Electrical, declared value $1,200, permit E25003817

2021-03-02: Electrical, declared value $8,430 (Complete), permit E21000891

2021-02-23: Electrical, declared value $700 (Defunct), permit E21000783

2020-12-04: Electrical, declared value $1,541 (Complete), permit E20005588

2016-11-15: Electrical, declared value $5,000 (Screened), permit E16006145

2016-09-12: Electrical, declared value $602 (Screened), permit E16005100

2014-04-03: Remodel, declared value $400 (Screened), permit E14001728

2014-02-04: Remodel, declared value $99 (Screened), permit E14000677

Source: King County permit records (newest first).