1515 Bellevue Way NE, Bellevue, WA 98004

Multifamily · Bellevue · 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 well maintained. AI estimate from public imagery; may be outdated.

One of 248 reachable multifamily buildings in Bellevue. Larger than 85% of multifamily buildings in Bellevue (median 35,076 SF), derived from assessor records.

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Building size: 202,846 SF, King County Assessor
Lot size: 409,391 SF, King County Assessor
Year built: 1985, King County Assessor
Stories: 2, King County Assessor
Predominant use: 184-Unit Apt Complex, King County Assessor
Units: 184, King County Assessor
Assessed value: $82,778,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $408.08/SF, derived from assessor records
Lot coverage: 50%, derived from assessor records
Vintage: 1980s vintage
Zoning: MDR-1, King County
County use code: Apartment
Construction (observed): wood frame, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

1482 Bellevue Way NE, Bellevue · 0.1 mi · 28,755 SF · built 2017 · assessed $268.58/SF
1615 Bellevue Way NE, Bellevue · 0.1 mi · 16,302 SF · built 1992 · assessed $243.22/SF
1188 100th Ave NE, Bellevue · 0.3 mi · 105,000 SF · built 2025 · assessed $87.40/SF
1000 100th Ave NE, Bellevue · 0.3 mi · 211,152 SF · built 2017 · assessed $362.29/SF
10349 NE 10th St, Bellevue · 0.3 mi · 657,751 SF · built 2009 · assessed $309.13/SF
10688 NE 10th St, Bellevue · 0.3 mi · 420,513 SF · built 2008 · assessed $295.35/SF

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Sale history and market context

MakeMe Estimate: $92,364,196 (estimated market value), with a likely range of $84,365,865 to $95,320,609 (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 $502K per unit at the midpoint (184 units).

Last sold: 2018-12-20 for $90,612,000 (recorded arm's-length sale).

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

2018-12-20: $90,612,000 from 1515 Bellevue Way Apartments Investors LLC to 1515 Bellevue Way LP, rec. 20181221000815

2003-05-29: transfer from Aetna Life Insurance Company to 1515 Bellevue Way Apartments Investors LLC (non-market transfer), rec. 20030530003555

2003-05-28: $20,621,700 from The Park In Belllevue Limited Partnership to Ubs Reality Investors LLC, rec. 20030530003553

1985-11-22: $2,570,000 from Park Bellevue Limited Partners to Aetna Life Insurance CO, rec. 198511220209

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 $32,157,000 (2011) to $82,778,000 (2026), up 157% over 15 years, per county tax rolls. The 2026 roll splits $82,778,000 into $29,476,100 land and $53,301,900 improvements.

Zoning: MDR-1 (per King County)

Lot: 409,391 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) 201,696 SF; Clubhouse 1,150 SF (county building sections)

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

Permit history

2021-04-21: Building, New, declared value $80,000 (Complete), permit 21 102223 BM

2020-08-21: Building, New, declared value $500,000 (Complete), permit 20 102798 BM

2007-12-10: Remodel, declared value $2,650 (Complete), permit 07143345

2007-12-10: Remodel, declared value $2,650 (Complete), permit 07143343

2007-12-10: Remodel, declared value $2,650 (Complete), permit 07143344

Source: King County permit records (newest first).