320 Cedar St, Seattle, WA 98121

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 87% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 45,172 SF, King County Assessor
Lot size: 12,960 SF, King County Assessor
Year built: 1908, King County Assessor
Stories: 3, King County Assessor
Predominant use: Watermarke At The Regrade, King County Assessor
Units: 61, King County Assessor
Assessed value: $12,827,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $283.96/SF, derived from assessor records
Lot coverage: 349%, derived from assessor records
Vintage: pre-war vintage
Zoning: DMR/R 145/65, King County
County use code: Apartment

Nearby comparable buildings

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

2721 4th Ave, Seattle · 0 mi · 69,590 SF · built 1994 · assessed $397.09/SF
2720 4th Ave, Seattle · 0 mi · 201,839 SF · built 2014 · assessed $297.27/SF
311 Cedar St, Seattle · 0 mi · 176,815 SF · built 2011 · assessed $360.47/SF
2614 4th Ave, Seattle · 0.1 mi · 70,200 SF · built 1979
2602 4th Ave, Seattle · 0.1 mi · 22,400 SF · built 1923 · assessed $313.66/SF
2619 5th Ave, Seattle · 0.1 mi · 21,840 SF · built 1929 · assessed $256.41/SF

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Sale history and market context

MakeMe Estimate: $11,493,040 (estimated market value), with a likely range of $10,202,227 to $13,110,363 (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 $188K per unit at the midpoint (61 units).

Last sold: 2013-09-27 for $9,587,800 (recorded arm's-length sale).

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

2013-09-27: $9,587,800 from Watermarke Investors LLC to Watermarke Apartmentws LLC, rec. 20131008001259

2010-10-29: $6,585,000 from Watermarke Associates LLC to Watermarke Investors LLC, rec. 20101029002925

2007-03-21: $9,537,000 from Watermarke Regrade LLC to Watermarke Associates LLC, rec. 20070321001463

2001-04-30: $4,719,000 from Moc Realty (usa) INC to Watermarke Regrade LLC, rec. 20010430002941

1995-03-30: transfer from The American Investment MNGMT to Moc Realty USA INC, rec. 199503301754

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 $7,750,000 (2011) to $12,827,000 (2026), up 66% over 15 years, per county tax rolls. The 2026 roll splits $12,827,000 into $8,424,000 land and $4,403,000 improvements.

Zoning: DMR/R 145/65 (per King County)

Lot: 12,960 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 45,172 SF (county building sections)

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