23609 Pacific Hwy S, Des Moines, WA 98198

Multifamily · Des Moines · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise mixed-use, 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 AI estimate from public imagery; may be outdated.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 70 reachable multifamily buildings in Des Moines. Larger than 91% of multifamily buildings in Des Moines (median 16,574 SF), derived from assessor records.

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Building size: 86,664 SF, King County Assessor
Lot size: 35,267 SF, King County Assessor
Year built: 2018, King County Assessor
Stories: 5, King County Assessor
Predominant use: Mixed-Use Dormitory, King County Assessor
Units: 44, King County Assessor
Assessed value: $21,000,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $242.32/SF, derived from assessor records
Lot coverage: 246%, derived from assessor records
Vintage: 2010s vintage
Zoning: H-C, King County
County use code: Apartment(Mixed Use)
Parking (observed): surface lot, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

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

23110 30th Ave S, Des Moines · 0.3 mi · 7,074 SF · built 1988 · assessed $203.70/SF
23020 25th Ave S, Des Moines · 0.4 mi · 54,244 SF · built 1968 · assessed $210.73/SF
22921 30th Ave S, Des Moines · 0.4 mi · 37,732 SF · built 1987 · assessed $218.65/SF
2465 S Kent Des Moines Rd, Des Moines · 0.4 mi · 28,012 SF · built 1982 · assessed $204.77/SF
2741 S 242nd St, Des Moines · 0.4 mi · 44,187 SF · built 2015 · assessed $241.25/SF
22855 30th Ave S, Des Moines · 0.4 mi · 6,660 SF · built 1958 · assessed $237.24/SF

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Sale history and market context

MakeMe Estimate: $22,109,796 (estimated market value), with a likely range of $20,195,185 to $22,817,491 (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 $502K per unit at the midpoint (44 units).

Current ownership dates to 2014 (about 12 years) per recorded transfers.

2016-11-10: transfer from Private party to Kent City of/Engineering-Property Services (part of a 3-parcel sale; price is the whole deal), rec. 20161121000771

2014-12-08: $3,070,000 from William Wilbur Financial Enterprises LLC to Highline Place LLC (part of a 3-parcel sale; price is the whole deal), rec. 20141215000878

4 administrative transfers (no consideration), 1997 to 2008

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 $634,600 (2011) to $21,000,000 (2026), up 3209% over 15 years, per county tax rolls. The 2026 roll splits $21,000,000 into $916,900 land and $20,083,100 improvements.

Zoning: H-C (per King County)

Lot: 35,267 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Dormitory 56,756 SF; Underground Parking Structure 15,142 SF; Line Retail 14,766 SF (county building sections)

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

Permit history

2026-01-27: Other, permit UTL2025 6888

2019-01-02: Electrical, declared value $3,700 (Screened), permit BLD2019-0001

2018-10-30: Electrical, declared value $8,500 (Screened), permit BLD2018-1627

2018-10-12: Other, declared value $57,590 (Screened), permit BLD2018-1520

2018-09-13: Electrical, declared value $1,800 (Complete), permit BLD2018-1372

2018-08-30: Electrical, declared value $750 (Complete), permit BLD2018-1291

2017-08-24: Plumbing, declared value $677,000 (Complete), permit BLD2016-0972

2017-08-22: Electrical, declared value $737,000 (Complete), permit BLD2016-1021

2017-06-26: Building, New, declared value $11,000,000 (Complete), permit BLD2016-0786

2017-06-26: Building, New, declared value $221,000 (Complete), permit BLD2016-0971

Source: King County permit records (newest first).