22837 Pacific Hwy S, Des Moines, WA 98198

Multifamily · Des Moines · Seattle-Bellevue metro, WA

One of 73 reachable multifamily buildings in Des Moines. Larger than 96% of multifamily buildings in Des Moines (median 14,387 SF), derived from assessor records.

Usable building area
156,885 SF, King County Assessor
County gross area
273,423 SF, King County Assessor
Excluded area
116,538 SF outside primary usable area
Lot size
76,557 SF, King County Assessor
Year built
2021, King County Assessor
Stories
5, King County Assessor
Predominant use
Mixed-Use, King County Assessor
Units
161, King County Assessor
Assessed value
$25,197,200, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$160.61/SF, derived from assessor records
Usable area / lot
2.05, derived from assessor records
Vintage
2020s vintage
Zoning
PR-C, King County
County use code
Apartment(Subsidized)

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: $28.5M (estimated market value), with a likely range of $27.2M to $31M (half of recent verified sales in this segment landed inside that range). Based on 7 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works. About $177K per unit at the midpoint (161 units).

lower confidence: 3 comparable sales within 3 miles; nearest 1.8 mi. Comparable-sale caveat: the estimate is 40% below the $303.99/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: 2013-05-31 for $945,000 (recorded arm's-length sale).

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$10M$20M$30M$40M20102014201820222026Last sold $945K · 2013$28.5M$25.2MCounty assessed valueMakeMe Estimate rangeRecorded sale

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 $1,534,400 (2010) to $25,197,200 (2026), up 1542% over 16 years, per county tax rolls. The 2026 roll splits $25,197,200 into $2,756,000 land and $22,441,200 improvements.

Taxes

Permit history

Source: King County permit records (newest first).