1515 Bellevue Ave, Seattle, WA 98122

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 61% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 13,135 SF, King County Assessor
Lot size: 5,250 SF, King County Assessor
Year built: 1925, King County Assessor
Stories: 3, King County Assessor
Predominant use: Muse Seattle, King County Assessor
Units: 24, King County Assessor
Assessed value: $4,178,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $318.08/SF, derived from assessor records
Lot coverage: 250%, derived from assessor records
Vintage: pre-war vintage
Zoning: NC3P-75 (M), King County
County use code: Apartment

Nearby comparable buildings

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

1520 Melrose Ave, Seattle · 0 mi · 15,281 SF · built 1916 · assessed $346.38/SF
1514 Bellevue Ave, Seattle · 0 mi · 54,572 SF · built 1926 · assessed $322.95/SF
1525 Minor Ave, Seattle · 0 mi · 88,976 SF · built 2013 · assessed $431.49/SF
305 E Pine St, Seattle · 0.1 mi · 263,321 SF · built 2015 · assessed $291.26/SF
320 E Pine St, Seattle · 0.1 mi · 170,254 SF · built 2014 · assessed $184.76/SF
1208 Pine St, Seattle · 0.1 mi · 73,646 SF · built 2020 · assessed $348.81/SF

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Sale history and market context

MakeMe Estimate: $3,734,763 (estimated market value), with a likely range of $3,315,302 to $4,260,326 (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 $156K per unit at the midpoint (24 units).

Last sold: 2022-10-18 for $5,088,000 (recorded arm's-length sale).

Current ownership dates to 2022 (about 4 years) per recorded transfers.

2022-10-18: $5,088,000 from 1515 Bellevue LLC to Omorika House LLC, rec. 20221025000162

2018-10-19: $4,746,400 from Louis Arms Apartments LLC to 1515 Bellevue LLC, rec. 20181022000771

2007-10-31: $3,197,600 from Private party to Louis Arms Apartments LLC, rec. 20071102001741

2 administrative transfers (no consideration), 1995 to 2000

1994-09-21: $740,000 from Private party to Private party, rec. 199409261338

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 $1,476,000 (2011) to $4,178,000 (2026), up 183% over 15 years, per county tax rolls. The 2026 roll splits $4,178,000 into $3,150,000 land and $1,028,000 improvements.

Zoning: NC3P-75 (M) (per King County)

Lot: 5,250 sq ft

Nuisance flags: Traffic noise

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Multiple Residence (Low Rise) 13,135 SF (county building sections)

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