2128 Shy Bear Way NW, Issaquah, WA 98027

Multifamily · Issaquah · 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 AI estimate from public imagery; may be outdated.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 91 reachable multifamily buildings in Issaquah. Larger than 93% of multifamily buildings in Issaquah (median 14,702 SF), derived from assessor records.

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Building size: 352,891 SF, King County Assessor
Lot size: 447,797 SF, King County Assessor
Year built: 2003, King County Assessor
Stories: 3, King County Assessor
Buildings on parcel: 5, King County Assessor
Predominant use: Bldgs #6, #9, #11, #13, #14, King County Assessor
Units: 247, King County Assessor
Assessed value: $95,516,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $270.67/SF, derived from assessor records
Lot coverage: 79%, derived from assessor records
Vintage: 2000s vintage
Zoning: UV-MF, King County
County use code: Apartment
Construction (observed): wood frame, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): interior, AI estimate from public imagery

Nearby comparable buildings

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

341 Shangri La Way NW, Issaquah · 0.3 mi · 60,344 SF · built 2006 · assessed $100.20/SF
995 7th Ave NW, Issaquah · 1.3 mi · 133,138 SF · built 2018 · assessed $312.28/SF
201 Mountain Park Blvd SW, Issaquah · 1.3 mi · 107,077 SF · built 1992 · assessed $293.25/SF
360 NW Dogwood St, Issaquah · 1.3 mi · 120,192 SF · built 1987
650 NW Juniper St, Issaquah · 1.3 mi · 14,702 SF · built 1992 · assessed $357.50/SF
280 SW Clark St, Issaquah · 1.4 mi · 39,978 SF · built 1984 · assessed $168.77/SF

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Sale history and market context

MakeMe Estimate: $104,539,261 (estimated market value), with a likely range of $95,486,622 to $107,885,375 (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 $423K per unit at the midpoint (247 units).

Current ownership dates to 2005 (about 21 years) per recorded transfers.

2005-12-29: $48,300,000 from Jefferson at Cougar Mountain LP to WM Cougar Mountain LLC (part of a 2-parcel sale; price is the whole deal), rec. 20051229003242

2003-12-31: transfer from Private party to Issaquah City of (part of a 2-parcel sale; price is the whole deal), rec. 20040220001799

2001-09-14: $8,600,000 from Oly/Intracorp General Partnership to Jefferson at Cougar Mountain LP (part of a 2-parcel sale; price is the whole deal), rec. 20010914001228

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 $36,695,000 (2011) to $95,516,000 (2026), up 160% over 15 years, per county tax rolls. The 2026 roll splits $95,516,000 into $13,433,900 land and $82,082,100 improvements.

Zoning: UV-MF (per King County)

Lot: 447,797 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) 285,224 SF; Basement, Parking 62,283 SF; Clubhouse 5,384 SF (county building sections)

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

Permit history

2016-08-01: Plumbing (Complete), permit PLM16-00118

2003-02-18: Building, New, declared value $56,550 (Complete), permit BLD03-00020

2002-03-26: Building, New, declared value $47,200 (Complete), permit BLD02-00064

2001-11-29: Building, New, declared value $3,280,430 (Complete), permit BLD01-00164

2001-09-21: Building, New, declared value $3,574,021 (Complete), permit BLD01-00160

2001-09-21: Building, New, declared value $3,574,021 (Complete), permit BLD01-00156

2001-09-21: Building, New, declared value $3,280,430 (Complete), permit BLD01-00162

2001-09-21: Building, New, declared value $3,280,430 (Complete), permit BLD01-00159

2001-09-21: Building, New, declared value $3,280,430 (Complete), permit BLD01-00161

2001-09-21: Building, New, declared value $903,395 (Complete), permit BLD01-00165

Source: King County permit records (newest first).