314 E Mercer St, Seattle, WA 98102

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 AI estimate from public imagery; may be outdated.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 13% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 3,960 SF, King County Assessor
Lot size: 2,400 SF, King County Assessor
Year built: 1909, King County Assessor
Stories: 2, King County Assessor
Predominant use: Apartments, King County Assessor
Units: 5, King County Assessor
Assessed value: $1,136,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $286.87/SF, derived from assessor records
Lot coverage: 165%, derived from assessor records
Vintage: pre-war vintage
Zoning: LR3 (M), King County
County use code: Apartment
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): street only, AI estimate from public imagery
Frontage (observed): corner, AI estimate from public imagery

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

401 E Mercer St, Seattle · 0 mi · 27,910 SF · built 1959 · assessed $282.98/SF
531 Bellevue Ave E, Seattle · 0 mi · 25,800 SF · built 1927 · assessed $228.57/SF
600 Bellevue Ave E, Seattle · 0 mi · 38,521 SF · built 1966 · assessed $227.90/SF
520 Bellevue Ave E, Seattle · 0 mi · 23,100 SF · built 1961 · assessed $300/SF
525 Bellevue Ave E, Seattle · 0 mi · 22,326 SF · built 1964 · assessed $293.47/SF
527 Summit Ave E, Seattle · 0 mi · 10,380 SF · built 1967 · assessed $352.31/SF

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Sale history and market context

MakeMe Estimate: $1,233,476 (estimated market value), with a likely range of $1,094,941 to $1,407,053 (half of recent verified sales in this segment landed inside that range). Based on 667 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $247K per unit at the midpoint (5 units).

Last sold: 2024-07-29 for $1,150,000 (recorded arm's-length sale).

Current ownership dates to 2024 (about 2 years) per recorded transfers.

2024-07-29: $1,150,000 from Private party to Private party, rec. 20240731000551

2001-02-07: transfer from Private party to Private party (non-market transfer), rec.

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 $465,000 (2011) to $1,136,000 (2026), up 144% over 15 years, per county tax rolls. The 2026 roll splits $1,136,000 into $720,000 land and $416,000 improvements.

Zoning: LR3 (M) (per King County)

Lot: 2,400 sq ft

Rated views: Territorial

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 3,960 SF (county building sections)

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