2550 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
192,077 SF, King County Assessor
Lot size
25,920 SF, King County Assessor
Year built
2000, King County Assessor
Stories
7, King County Assessor
Predominant use
Court At Centennial Apts, King County Assessor
Units
187, King County Assessor
Assessed value
$58,144,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF
$302.71/SF, derived from assessor records
Lot coverage
741%, derived from assessor records
Vintage
2000s vintage
Zoning
DMR/R 280/65, 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: $54,134,594 (estimated market value), with a likely range of $49,446,778 to $55,867,346 (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 $289K per unit at the midpoint (187 units).

Last sold: 2025-12-30 for $59,895,000 (recorded arm's-length sale).

Current ownership dates to 2025 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

$24M$47.9M$71.9M$95.8M201120142017202020232026$59.9MCounty appraised valueEstimated value (modeled range)Recorded sale

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 $22,961,000 (2011) to $58,144,000 (2026), up 153% over 15 years, per county tax rolls. The 2026 roll splits $58,144,000 into $24,105,600 land and $34,038,400 improvements.

Taxes