2401 3rd Ave, Seattle, WA 98121

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 97% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 167,344 SF, King County Assessor
Lot size: 12,720 SF, King County Assessor
Year built: 2018, King County Assessor
Stories: 12, King County Assessor
Predominant use: Apartment, King County Assessor
Units: 132, King County Assessor
Assessed value: $51,989,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $310.67/SF, derived from assessor records
Lot coverage: 1316%, derived from assessor records
Vintage: 2010s vintage
Zoning: DMR/R 145/65, King County
County use code: Apartment
Construction (observed): steel glass, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

303 Battery St, Seattle · 0.1 mi · 90,208 SF · built 2022 · assessed $324.57/SF
210 Wall St, Seattle · 0.1 mi · 397,034 SF · built 2017 · assessed $378.17/SF
2550 3rd Ave, Seattle · 0.1 mi · 192,077 SF · built 2000 · assessed $302.71/SF
2515 4th Ave, Seattle · 0.1 mi · 321,050 SF · built 1990 · assessed $267.82/SF
2312 3rd Ave, Seattle · 0.1 mi · 203,940 SF · built 2008 · assessed $353.01/SF
2321 4th Ave, Seattle · 0.1 mi · 21,284 SF · built 1918 · assessed $355.90/SF

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Sale history and market context

MakeMe Estimate: $49,555,476 (estimated market value), with a likely range of $45,264,191 to $51,141,658 (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 $375K per unit at the midpoint (132 units).

Last sold: 1992-09-03 for $1,180,000 (recorded arm's-length sale).

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

2017-08-28: $220,000 from 3rd & Wall Properties LLC to Chainqui Development Belltown LLC (part of a 2-parcel sale; price is the whole deal), rec.

2016-11-10: transfer from Chainqui Development Belltown LLC to Seattle City of (non-market transfer), rec. 20161110000891

2014-09-26: $5,200,000 from US Bank National Association to Chainqui Development Belltown LLC (non-market transfer), rec. 20140929001529

1992-09-03: $1,180,000 from Security Pacific Bank Wash to West One Bank Washington, rec. 199209041176

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 $3,176,200 (2011) to $51,989,000 (2026), up 1537% over 15 years, per county tax rolls. The 2026 roll splits $51,989,000 into $8,268,000 land and $43,721,000 improvements.

Zoning: DMR/R 145/65 (per King County)

Lot: 12,720 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 136,844 SF; Underground Parking Structure 25,725 SF; Retail Store 4,775 SF (county building sections)

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

Permit history

2024-11-05: Electrical, declared value $4,000 (Screened), permit 7054877-EL

2024-07-16: Electrical, declared value $11,715 (Screened), permit 7035616-EL

2019-07-09: Remodel, declared value $300,000 (Screened), permit 6695182-CN

2019-05-01: Remodel, declared value $176,302 (Screened), permit 6693543-CN

2017-05-26: Building, New, declared value $23,878,319 (Complete), permit 6505691

2017-02-02: Building, New, declared value $2,191,848 (Complete), permit 6537719

2017-02-02: Demolition (Complete), permit 6537720

Source: King County permit records (newest first).