2602 16th Ave S, Seattle, WA 98144

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 6,731 reachable multifamily buildings in Seattle. Larger than 97% of multifamily buildings in Seattle (median 6,744 SF), derived from assessor records.

Usable building area
106,219 SF, King County Assessor
County gross area
151,264 SF, King County Assessor
Excluded area
45,045 SF outside primary usable area
Lot size
46,615 SF, King County Assessor
Year built
2016, King County Assessor
Stories
6, King County Assessor
Buildings on parcel
2, King County Assessor
Predominant use
Apartment, King County Assessor
Assessed value
$46,200, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$0.43/SF, derived from assessor records
Usable area / lot
2.28, derived from assessor records
Vintage
2010s vintage
Zoning
NC2P-75 (M2), King County
County use code
Apartment

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: $128K (estimated market value), with a likely range of $120K to $144K (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). The county roll carries a nominal improvement value for this parcel, so the estimate leans on comparable sales and the county-confirmed building area rather than the county land and improvement split. Not an appraisal. How this estimate works.

lower confidence: 6 comparable sales within 3 miles; nearest 1.8 mi. This property type carries wider measured error; treat the estimate as a starting point. Comparable-sale caveat: the estimate is 100% below the $429.47/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. The strongest 5 of 6 nearby verified sales are shown. Buyer and seller names are withheld. Get this data via API.

Market context: Multifamily in Seattle

median verified sale $367.78/SF over the trailing 24 months; median $272,333 per unit; 157 sales in the last 12 months and 300 in 24 (newest verified sale 2026-05); the middle 80% of recent sales traded at 0.78x to 1.25x their county assessed value, median 1.00x (300 sales with usable county values).

  • 2022: $427.16/SF median (207 sales)
  • 2023: $403.69/SF median (125 sales)
  • 2024: $364.48/SF median (126 sales)
  • 2025: $376.55/SF median (168 sales)
  • 2026 YTD: $367.11/SF median (53 sales)

This estimate sits at 2.76x county assessed value, the 100th percentile of those recent sale premiums.

Computed from 6,951 verified arm's-length sales in King County public records (300 in the trailing 24 months). Free public records. Not an appraisal.

Current ownership dates to 2015 (about 11 years) per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Land, site, and value history