1525 Rock Creek Ridge Blvd SW, North Bend, WA 98045

Multifamily · North Bend · Seattle-Bellevue metro, WA

Imagery suggests: townhouse complex, 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 AI estimate from public imagery; may be outdated.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 19 reachable multifamily buildings in North Bend. Larger than 95% of multifamily buildings in North Bend (median 7,236 SF), derived from assessor records.

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Building size: 411,848 SF, King County Assessor
Lot size: 580,219 SF, King County Assessor
Year built: 2000, King County Assessor
Stories: 3, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: 233-Unit Apt Complex, King County Assessor
Units: 233, King County Assessor
Assessed value: $84,838,100, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $205.99/SF, derived from assessor records
Lot coverage: 71%, derived from assessor records
Vintage: 2000s vintage
Zoning: HDR, King County
County use code: Apartment
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.

419 Main Ave S, North Bend · 0.7 mi · 5,591 SF · built 1987 · assessed $293.69/SF
440 Main Ave S, North Bend · 0.7 mi · 22,921 SF · built 1987 · assessed $142.57/SF
449 Main Ave S, North Bend · 0.7 mi · 7,236 SF · built 1986 · assessed $295.47/SF
438 Stow Ave S, North Bend · 0.8 mi · 7,236 SF · built 1986 · assessed $275.57/SF
401 Stow Ave S, North Bend · 0.8 mi · 30,965 SF · built 1983 · assessed $289.97/SF
316 Cedar Ave S, North Bend · 0.8 mi · 15,956 SF · built 1976 · assessed $303.84/SF

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Sale history and market context

MakeMe Estimate: $101,540,221 (estimated market value), with a likely range of $92,747,286 to $104,790,342 (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 $436K per unit at the midpoint (233 units).

Last sold: 2005-02-11 for $33,825,000 (recorded arm's-length sale).

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

2018-09-17: $81,900,000 from Rock Creek Re Investors LLC to Fpacp4 Rock Creek LLC (part of a 2-parcel sale; price is the whole deal), rec. 20180917000993

2016-03-30: transfer from Holland Rock Creek LLC -Et Al to Rock Creek Re Investors LLC (part of a 2-parcel sale; price is the whole deal), rec. 20160331000933

2005-02-11: $33,825,000 from Private party to Rock Creek Re Investors LLC C/O Braddock and Logan…, rec. 20050223000632

2004-12-28: transfer from Mount Si LP to Private party (part of a 2-parcel sale; price is the whole deal), rec. 20041230002008

1997-08-21: $3,000,000 from Forster Woods Limited Partnership to Mount Si Limited Partnership (part of a 2-parcel sale; price is the whole deal), rec. 199708220725

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 $33,685,000 (2011) to $84,838,100 (2026), up 152% over 15 years, per county tax rolls. The 2026 roll splits $84,838,100 into $10,443,900 land and $74,394,200 improvements.

Zoning: HDR (per King County)

Lot: 580,219 sq ft

Rated views: Territorial

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 333,982 SF; Basement, Parking 73,903 SF; Clubhouse 3,963 SF (county building sections)

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

Permit history

2024-01-31: Other, declared value $2,500 (Screened), permit BLD2024-7398

2023-11-27: Other, declared value $2,000 (Screened), permit BLD2023-7367

2023-10-24: Other, declared value $2,000 (Screened), permit BLD2023-7345

2023-08-14: Other, declared value $1,500 (Screened), permit BLD2023-7292

2023-08-01: Other, declared value $2,500 (Screened), permit BLD2023-7278

2023-06-15: Other, declared value $2,500 (Screened), permit BLD2023-7185

2023-05-25: Other, declared value $2,500 (Screened), permit BLD2023-7154

2023-01-19: Plumbing, declared value $2,500 (Screened), permit BLD2023-7004

2017-10-17: Other, declared value $50,000 (Complete), permit BLD2017-4492

2017-10-17: Other, declared value $50,000 (Complete), permit BLD2017-4491

Source: King County permit records (newest first).