2421 NW Market St, Seattle, WA 98107

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise apartments, 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 AI estimate from public imagery; may be outdated.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 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: 168,182 SF, King County Assessor
Lot size: 28,334 SF, King County Assessor
Year built: 2021, King County Assessor
Stories: 6, King County Assessor
Predominant use: Ballard Yards, King County Assessor
Units: 171, King County Assessor
Assessed value: $59,421,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $353.31/SF, derived from assessor records
Lot coverage: 594%, derived from assessor records
Vintage: 2020s vintage
Zoning: NC3P-75 (M), King County
County use code: Apartment(Mixed Use)
Construction (observed): steel glass, AI estimate from public imagery
Parking (observed): street only, 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.

2428 NW Market St, Seattle · 0.1 mi · 418,285 SF · built 2014 · assessed $297.58/SF
2318 NW Market St, Seattle · 0.1 mi · 276,601 SF · built 2023 · assessed $255.34/SF
2437 NW 57th St, Seattle · 0.1 mi · 4,848 SF · built 1956 · assessed $339.93/SF
5439 Ballard Ave NW, Seattle · 0.1 mi · 7,075 SF · built 1903 · assessed $282.91/SF
5443 Ballard Ave NW, Seattle · 0.1 mi · 15,025 SF · built 1906 · assessed $335.09/SF
2411 NW 57th St, Seattle · 0.1 mi · 5,100 SF · built 1964 · assessed $331.37/SF

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Sale history and market context

MakeMe Estimate: $58,803,668 (estimated market value), with a likely range of $53,711,530 to $60,685,868 (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 $344K per unit at the midpoint (171 units).

Current ownership dates to 2018 (about 8 years) per recorded transfers.

2018-01-04: $11,750,000 from Private party to CP VI Ballard LLC (non-market transfer), rec.

3 administrative transfers (no consideration), 2007 to 2010

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 $2,976,000 (2011) to $59,421,000 (2026), up 1897% over 15 years, per county tax rolls. The 2026 roll splits $59,421,000 into $11,616,900 land and $47,804,100 improvements.

Zoning: NC3P-75 (M) (per King County)

Lot: 28,334 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 130,458 SF; Basement, Parking 28,288 SF; Retail Store 6,400 SF (county building sections)

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

Permit history

2024-10-02: Electrical, declared value $8,171 (Screened), permit 7048944-EL

2024-10-01: Other, declared value $15,000 (Screened), permit 7048600-RF

2024-09-19: Electrical, declared value $92,736 (Screened), permit 7046967-EL

2024-08-28: Electrical, declared value $40,000 (Screened), permit 7043175-EL

2024-08-12: Electrical, declared value $6,000 (Screened), permit 7040500-EL

2024-02-27: Electrical, declared value $800 (Complete), permit 7011528-EL

2024-01-03: Electrical, declared value $2,000 (Complete), permit 7003024-EL

2023-06-29: Electrical, declared value $3,000 (Complete), permit 6973017-EL

2023-06-23: Remodel, declared value $450,000 (Revisit), permit 6954503-CN

2023-05-05: Electrical, declared value $14,000 (Complete), permit 6963001-EL

Source: King County permit records (newest first).