23609 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 82% of multifamily buildings in Des Moines (median 14,387 SF), derived from assessor records.

Usable building area
59,878 SF, King County Assessor
County gross area
86,664 SF, King County Assessor
Excluded area
26,786 SF outside primary usable area
Lot size
35,267 SF, King County Assessor
Year built
2018, King County Assessor
Stories
5, King County Assessor
Predominant use
Apartment(mixed Use), 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 usable SF
$350.71/SF, derived from assessor records
Usable area / lot
1.7, derived from assessor records
Vintage
2010s vintage
Zoning
H-C, King County
County use code
Apartment(Mixed Use)

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: $21.2M (estimated market value), with a likely range of $20.3M to $23.1M (half of recent verified sales in this segment landed inside that range). Based on 6 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works. About $482K per unit at the midpoint (44 units).

lower confidence: 2 comparable sales within 3 miles; nearest 2.3 mi. Comparable-sale caveat: the estimate is 28% above the $276.15/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.

Current ownership dates to 2014 (about 12 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$30M201120142017202020232026$21.2M$21MCounty 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. 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.

Taxes

Permit history

Source: King County permit records (newest first).