317 112th Ave NE, Bellevue, WA 98004

Multifamily · Bellevue · Seattle-Bellevue metro, WA

One of 248 reachable multifamily buildings in Bellevue. Larger than 98% of multifamily buildings in Bellevue (median 35,076 SF), derived from assessor records.

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Building size: 519,394 SF, King County Assessor
Lot size: 77,054 SF, King County Assessor
Year built: 2008, King County Assessor
Stories: 5, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: 84-Unit Apt Bldg (EAST), King County Assessor
Units: 317, King County Assessor
Assessed value: $139,056,200, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $267.73/SF, derived from assessor records
Lot coverage: 674%, derived from assessor records
Vintage: 2000s vintage
Zoning: DT-MU, King County
County use code: Apartment

Nearby comparable buildings

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

225 112th Ave NE, Bellevue · 0 mi · 79,233 SF · built 1997 · assessed $266.15/SF
288 111th Ave NE, Bellevue · 0 mi · 64,514 SF · built 2017 · assessed $387.57/SF
211 112th Ave NE, Bellevue · 0.1 mi · 74,152 SF · built 2008 · assessed $324.75/SF
11105 NE 2nd St, Bellevue · 0.1 mi · 81,288 SF · built 1997 · assessed $236.96/SF
123 112th Ave NE, Bellevue · 0.1 mi · 224,169 SF · built 2004 · assessed $273.90/SF
308 108th Ave NE, Bellevue · 0.2 mi · 394,761 SF · built 2000 · assessed $254.95/SF

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Sale history and market context

MakeMe Estimate: $144,671,663 (estimated market value), with a likely range of $132,143,735 to $149,302,344 (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 $456K per unit at the midpoint (317 units).

Last sold: 2019-02-15 for $139,200,000 (recorded arm's-length sale).

Current ownership dates to 2019 (about 7 years) per recorded transfers.

2019-02-15: $139,200,000 from SHLP Metro 112 LLC to Uscmf Metro 112 LLC, rec. 20190220001265

2 administrative transfers (no consideration), 2007 to 2008

2006-12-14: $12,500,000 from Private party to SHLP Bellevue LLC (part of a 6-parcel sale; price is the whole deal), rec. 20061220001712

2004-09-10: $6,200,000 from Puget Western INC to Private party (part of a 6-parcel sale; price is the whole deal), rec. 20040916001345

2003-01-24: transfer from Regional Services Corp to Puget Western INC (part of a 5-parcel sale; price is the whole deal), rec. 20030128002649

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 $64,699,300 (2011) to $139,056,200 (2026), up 115% over 15 years, per county tax rolls. The 2026 roll splits $139,056,200 into $48,158,700 land and $90,897,500 improvements.

Zoning: DT-MU (per King County)

Lot: 77,054 sq ft

Rated views: Cascades, Territorial

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 324,427 SF; Basement, Parking 194,967 SF (county building sections)

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

Permit history

2017-11-07: Remodel, declared value $250,000 (Complete), permit 17125520

2011-05-10: Remodel, declared value $40,000 (Complete), permit 11110947

2011-05-10: Remodel, declared value $30,000 (Complete), permit 11110946

2008-08-22: Other, declared value $20,147 (Complete), permit 08112242

2007-11-30: Building, New, declared value $46,822,544 (Complete), permit 06133383

2007-10-05: Other, declared value $3,000,000 (Complete), permit 07107350

2007-07-30: Demolition (Complete), permit 07126925

2007-07-19: Demolition (Complete), permit 07123478

Source: King County permit records (newest first).