22816 28th Ave S, Des Moines, WA 98198

Multifamily · Des Moines · Seattle-Bellevue metro, WA

One of 73 reachable multifamily buildings in Des Moines. Larger than 86% of multifamily buildings in Des Moines (median 14,387 SF), derived from assessor records.

Usable building area
63,468 SF, King County Assessor
County gross area
65,736 SF, King County Assessor
Excluded area
2,268 SF outside primary usable area
Lot size
97,364 SF, King County Assessor
Year built
1969, King County Assessor
Stories
3, King County Assessor
Predominant use
72 Unit Apartment, King County Assessor
Units
72, King County Assessor
Assessed value
$10,800,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$170.16/SF, derived from assessor records
Usable area / lot
0.65, derived from assessor records
Vintage
1960s vintage
Zoning
RM-900, King County
County use code
Apartment(Subsidized)

Nearby comparable buildings

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

Want to talk to the owner? makeme1031 delivers a private letter directly to the owner of record. We never publish the owner's identity or address.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Received a letter about this building? It came from a real buyer through makeme1031; claiming is how you reply privately, on your terms.

Claimed owners also get Portfolio Pulse: a monthly email tracking this building's value.

Claim or manage this building

Sale history and market context

MakeMe Estimate: $11.7M (estimated market value), with a likely range of $9.9M to $14M (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). The county roll carries a nominal improvement value for this parcel, so the estimate leans on comparable sales and the county-confirmed building area rather than the county land and improvement split. Not an appraisal. How this estimate works. About $163K per unit at the midpoint (72 units).

lower confidence: 2 comparable sales within 3 miles; nearest 0.9 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 26% below the $249.81/SF median of the shown comparable sales.

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 Des Moines

median verified sale $237.68/SF over the trailing 24 months; median $181,567 per unit; 5 sales in the last 12 months and 6 in 24 (newest verified sale 2026-02).

  • 2023: $274.04/SF median (4 sales)
  • 2025: $237.68/SF median (4 sales)

Computed from 144 verified arm's-length sales in King County public records (6 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 1998-12-23 for $2,576,000 (recorded arm's-length sale).

Current ownership dates to 1998 (about 28 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$5M$10M$15M201120142017202020232026$11.7M$10.8MCounty 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. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $4,906,300 (2011) to $10,800,000 (2026), up 120% over 15 years, per county tax rolls. The 2026 roll splits $10,800,000 into $3,196,900 land and $7,603,100 improvements.

Taxes