1625 Martin Luther King Jr Way, Seattle, WA 98122

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: low-rise multifamily, 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 AI estimate from public imagery; may be outdated.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 5,391 reachable multifamily buildings in Seattle. Larger than 52% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 9,994 SF, King County Assessor
Lot size: 21,600 SF, King County Assessor
Year built: 1973, King County Assessor
Stories: 2, King County Assessor
Predominant use: Hazel Plaza, King County Assessor
Units: 11, King County Assessor
Assessed value: $3,504,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $350.61/SF, derived from assessor records
Lot coverage: 46%, derived from assessor records
Vintage: 1970s vintage
Zoning: NR3, King County
County use code: Apartment
Construction (observed): masonry, 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.

2719 E Pike St, Seattle · 0.2 mi · 4,080 SF · built 1941 · assessed $425/SF
1810 24th Ave, Seattle · 0.2 mi · 7,965 SF · built 1910 · assessed $377.90/SF
2703 E Union St, Seattle · 0.2 mi · 10,808 SF · built 1914 · assessed $286.64/SF
2500 E Denny Way, Seattle · 0.2 mi · 14,788 SF · built 1950 · assessed $304.50/SF
2500 E Union St, Seattle · 0.2 mi · 6,752 SF · built 1907 · assessed $303.76/SF
1124 27th Ave, Seattle · 0.3 mi · 9,180 SF · built 1901 · assessed $244.99/SF

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Sale history and market context

MakeMe Estimate: $3,688,323 (estimated market value), with a likely range of $3,274,078 to $4,207,351 (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 $335K per unit at the midpoint (11 units).

Current ownership dates to 2021 (about 5 years) per recorded transfers.

2021-08-27: $4,897,000 from Private party to Mansion Seattle LLC (part of a 2-parcel sale; price is the whole deal), rec. 20210830001948

2008-06-20: transfer from Private party to Private party (part of a 2-parcel sale; price is the whole deal), rec. 20080623000802

2008-05-08: $827,200 from Private party to Private party (part of a 2-parcel sale; price is the whole deal), rec. 20080509002559

1997-01-24: $585,000 from Lamp Robert H/U S Bank Building to Private party (part of a 2-parcel sale; price is the whole deal), rec. 199701311444

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 $1,405,000 (2011) to $3,504,000 (2026), up 149% over 15 years, per county tax rolls. The 2026 roll splits $3,504,000 into $2,052,000 land and $1,452,000 improvements.

Zoning: NR3 (per King County)

Lot: 21,600 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) 9,994 SF (county building sections)

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