23605 62nd Ave S, Kent, WA 98032

Multifamily · Kent · Seattle-Bellevue metro, WA

Imagery suggests: townhouse, 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 AI estimate from public imagery; may be outdated.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 280 reachable multifamily buildings in Kent. Larger than 97% of multifamily buildings in Kent (median 8,900 SF), derived from assessor records.

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Building size: 324,302 SF, King County Assessor
Lot size: 733,986 SF, King County Assessor
Year built: 1989, King County Assessor
Stories: 3, King County Assessor
Predominant use: Waterford At The Lake Apartments, King County Assessor
Units: 344, King County Assessor
Assessed value: $91,539,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $282.26/SF, derived from assessor records
Lot coverage: 44%, derived from assessor records
Vintage: 1980s vintage
Zoning: NR-3, 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.

23529 60th Ave S, Kent · 0.2 mi · 252,206 SF · built 1988 · assessed $279.48/SF
6305 S 238th Pl, Kent · 0.2 mi · 295,120 SF · built 1987 · assessed $260.64/SF
1405 W Morton St, Kent · 0.3 mi · 14,112 SF · built 1993
1610 W James Pl, Kent · 0.4 mi · 110,290 SF · built 1978 · assessed $275.75/SF
6248 S 242nd Pl, Kent · 0.4 mi · 257,634 SF · built 1989 · assessed $276.72/SF
1413 W James Ct, Kent · 0.5 mi · 147,650 SF · built 1977 · assessed $280.88/SF

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Sale history and market context

MakeMe Estimate: $89,878,041 (estimated market value), with a likely range of $82,094,999 to $92,754,876 (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 $261K per unit at the midpoint (344 units).

Last sold: 2025-10-29 for $95,342,000 (recorded arm's-length sale).

Current ownership dates to 2025 per recorded transfers.

2025-10-29: $95,342,000 from Tlus Rise Kent LP to MG Dockside Apartments LLC +MG Dockside Apartments…, rec. 20251029000562

2019-05-31: $83,100,000 from Waterford at the Lakes Apartments LLC to Tlus Rise Kent LP, rec. 20190603000347

2011-09-16: $37,578,000 from Griffin Capital Investors DST to Waterford at the Lakes Apartments LLC, rec. 20110916001748

2009-06-05: $33,828,000 from Erp Operating Limited Partnership to Griffin Capital Waterford Investors DST, rec. 20090609002206

2007-12-17: transfer from Eqr-Fankey 2004 LP to Erp Operating Limited Partnership, rec. 20071226001211

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 $32,225,000 (2011) to $91,539,000 (2026), up 184% over 15 years, per county tax rolls. The 2026 roll splits $91,539,000 into $6,972,800 land and $84,566,200 improvements.

Zoning: NR-3 (per King County)

Lot: 733,986 sq ft

Rated views: Lake / river / creek

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 324,302 SF (county building sections)

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

Permit history

2022-03-23: Other (Complete), permit CNST-2213215

2021-08-25: Other, declared value $2,500 (Complete), permit CNST-2212211

2021-08-25: Other, declared value $2,500 (Complete), permit CNST-2212277

2021-04-14: Other, declared value $17,388 (Screened), permit CNST-2202807

2020-10-27: Remodel, declared value $404,438 (Complete), permit CNST-2201263

2020-07-08: Remodel, declared value $1,000 (Screened), permit CMAL-2202379

2015-06-03: Other, declared value $4,500 (Screened), permit CRAL-2151905

2015-06-03: Other, declared value $3,000 (Screened), permit CRAL-2151904

2015-06-03: Other, declared value $3,000 (Screened), permit CRAL-2151908

2015-04-16: Remodel, declared value $8,000 (Complete), permit CRAL-2151183

Source: King County permit records (newest first).