304 118th Ave SE, Bellevue, WA 98005

Multifamily · Bellevue · Seattle-Bellevue metro, WA

Imagery suggests: garden 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 AI estimate from public imagery; may be outdated.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 248 reachable multifamily buildings in Bellevue. Larger than 93% of multifamily buildings in Bellevue (median 35,076 SF), derived from assessor records.

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Building size: 323,177 SF, King County Assessor
Lot size: 498,762 SF, King County Assessor
Year built: 1992, King County Assessor
Stories: 3, King County Assessor
Predominant use: 250-Unit Apt Complex, King County Assessor
Units: 250, King County Assessor
Assessed value: $87,042,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $269.33/SF, derived from assessor records
Lot coverage: 65%, derived from assessor records
Vintage: 1990s vintage
Zoning: MDR-1, King County
County use code: Apartment
Construction (observed): wood frame, AI estimate from public imagery
Parking (observed): surface lot, 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.

145 118th Ave SE, Bellevue · 0.2 mi · 30,736 SF · built 1986 · assessed $353.46/SF
12211 NE 5th St, Bellevue · 0.5 mi · 27,990 SF · built 1986 · assessed $306.57/SF
35 112th Ave NE, Bellevue · 0.5 mi · 224,184 SF · built 2024 · assessed $303.90/SF
123 112th Ave NE, Bellevue · 0.6 mi · 224,169 SF · built 2004 · assessed $273.90/SF
558 121st Pl NE, Bellevue · 0.6 mi · 94,137 SF · built 1976 · assessed $334.42/SF
11105 NE 2nd St, Bellevue · 0.6 mi · 81,288 SF · built 1997 · assessed $236.96/SF

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Sale history and market context

MakeMe Estimate: $109,588,158 (estimated market value), with a likely range of $100,098,307 to $113,095,879 (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 $438K per unit at the midpoint (250 units).

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

2014-03-26: transfer from Bre Properties INC to Bre-Fmca LLC (non-market transfer), rec. 20140331000909

1998-06-01: $24,065,000 from Park Highlands LTD PS % Intrawest to Bre Properties INC (non-market transfer), rec. 199806022379

1992-05-26: $2,750,000 from The City of Bellevue to Park Highlands LTD Partnership (non-market transfer), rec. 199206091552

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 $35,000,000 (2011) to $87,042,000 (2026), up 149% over 15 years, per county tax rolls. The 2026 roll splits $87,042,000 into $22,444,200 land and $64,597,800 improvements.

Zoning: MDR-1 (per King County)

Lot: 498,762 sq ft

Rated views: Territorial, Other view

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 266,192 SF; Basement, Parking 51,151 SF; Office Building 5,834 SF (county building sections)

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

Permit history

2019-06-17: Remodel, declared value $250,000 (Complete), permit 19 112313 BZ

2015-12-02: Remodel, declared value $180,000 (Complete), permit 15125662

2015-05-19: Remodel, declared value $848,000 (Complete), permit 15113048

2015-05-19: Remodel, declared value $384,000 (Complete), permit 15113057

2015-05-19: Remodel, declared value $384,000 (Complete), permit 15113056

2015-05-19: Remodel, declared value $192,000 (Complete), permit 15113049

2015-05-19: Remodel, declared value $192,000 (Complete), permit 15113051

2015-05-19: Remodel, declared value $192,000 (Complete), permit 15113054

2015-05-19: Remodel, declared value $192,000 (Complete), permit 15113055

2015-05-19: Remodel, declared value $192,000 (Complete), permit 15113052

Source: King County permit records (newest first).