305 E Pine St, Seattle, WA 98122

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise mixed-use, 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 AI estimate from public imagery; may be outdated.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 98% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 263,321 SF, King County Assessor
Lot size: 4,436 SF, King County Assessor
Year built: 2015, King County Assessor
Stories: 9, King County Assessor
Predominant use: Excelsior Apartments, King County Assessor
Units: 211, King County Assessor
Assessed value: $76,694,400, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $291.26/SF, derived from assessor records
Lot coverage: 5936%, derived from assessor records
Vintage: 2010s 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.

1208 Pine St, Seattle · 0 mi · 73,646 SF · built 2020 · assessed $348.81/SF
1617 Yale Ave, Seattle · 0 mi · 58,954 SF · built 1925 · assessed $322.98/SF
320 E Pine St, Seattle · 0 mi · 170,254 SF · built 2014 · assessed $184.76/SF
1515 Bellevue Ave, Seattle · 0.1 mi · 13,135 SF · built 1925 · assessed $318.08/SF
1620 Melrose Ave, Seattle · 0.1 mi · 37,151 SF · built 1960 · assessed $246.59/SF
1520 Melrose Ave, Seattle · 0.1 mi · 15,281 SF · built 1916 · assessed $346.38/SF

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Sale history and market context

MakeMe Estimate: $70,189,049 (estimated market value), with a likely range of $64,110,987 to $72,435,675 (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 $333K per unit at the midpoint (211 units).

Current ownership dates to 2013 (about 13 years) per recorded transfers.

2013-09-30: $9,200,000 from M & P Partnership to Pine & Melrose LLC (part of a 6-parcel sale; price is the whole deal), rec. 20130930001614

2 administrative transfers (no consideration), 1999 to 2006

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 $703,800 (2011) to $76,694,400 (2026), up 10797% over 15 years, per county tax rolls. The 2026 roll splits $76,694,400 into $2,794,600 land and $73,899,800 improvements.

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

Lot: 4,436 sq ft

Rated views: Seattle skyline

Nuisance flags: Traffic noise

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 169,201 SF; Basement, Parking 77,859 SF; Retail Store 14,276 SF; Dental Office/Clinic 1,985 SF (county building sections)

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

Permit history

2025-04-15: Electrical, declared value $2,500 (Screened), permit 7080889-EL

2025-04-10: Other, declared value $35,000 (Screened), permit 7079749-RF

2025-04-03: Electrical, declared value $19,723 (Screened), permit 7078829-EL

2025-03-14: Remodel, declared value $26,693, permit 7064289-CN

2017-07-28: Remodel, declared value $387,856 (Complete), permit 6599590

2016-12-30: Remodel, declared value $94,812 (Complete), permit 6555981

2016-12-18: Remodel, declared value $296,315 (Complete), permit 6545478

2016-09-23: Remodel, declared value $50,000 (Complete), permit 6558157

2016-08-24: Remodel, declared value $108,838 (Complete), permit 6528004

2014-05-21: Building, New, declared value $1,500,000 (Complete), permit 6366650

Source: King County permit records (newest first).