16050 Cleveland St, Redmond, WA 98052

Multifamily · Redmond · Seattle-Bellevue metro, WA

One of 145 reachable multifamily buildings in Redmond. Larger than 52% of multifamily buildings in Redmond (median 78,355 SF), derived from assessor records.

Usable building area
97,653 SF, King County Assessor
County gross area
159,087 SF, King County Assessor
Excluded area
61,434 SF outside primary usable area
Lot size
28,757 SF, King County Assessor
Year built
2021, King County Assessor
Stories
6, King County Assessor
Predominant use
Mixed-Use 106-Unit Apt Complex, King County Assessor
Units
106, King County Assessor
Assessed value
$49,523,600, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$507.14/SF, derived from assessor records
Usable area / lot
3.4, derived from assessor records
Vintage
2020s vintage
Zoning
DTC, King County
County use code
Apartment(Mixed Use)

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $53.9M (estimated market value), with a likely range of $51.5M to $58.7M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works. About $509K per unit at the midpoint (106 units).

moderate confidence: 5 comparable sales within 3 miles; nearest 0.1 mi.

Comparable sales used as evidence

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

Market context: Multifamily in Redmond

median verified sale $552.24/SF over the trailing 24 months; median $390,625 per unit; 6 sales in the last 12 months and 6 in 24 (newest verified sale 2025-09).

  • 2021: $453.29/SF median (8 sales)
  • 2022: $490.61/SF median (4 sales)
  • 2025 YTD: $552.24/SF median (4 sales)

Computed from 145 verified arm's-length sales in King County public records (6 in the trailing 24 months). Free public records. Not an appraisal.

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

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$20M$40M$60M202420252026$53.9M$49.5MCounty assessed valueMakeMe Estimate range

Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $45,860,826 (2024) to $49,523,600 (2026), up 8% over 2 years, per county tax rolls. The 2026 roll splits $49,523,600 into $0 land and $49,523,600 improvements.

Taxes

Permit history

Source: King County permit records (newest first).