328 Bellevue Ave E, Seattle, WA 98102

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: low-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 AI estimate from public imagery; may be outdated.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 80% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 29,528 SF, King County Assessor
Lot size: 16,800 SF, King County Assessor
Year built: 1948, King County Assessor
Stories: 3, King County Assessor
Predominant use: Red-Lion-Apts, King County Assessor
Units: 34, King County Assessor
Assessed value: $8,864,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $300.19/SF, derived from assessor records
Lot coverage: 176%, derived from assessor records
Vintage: 1940s vintage
Zoning: MR (M), King County
County use code: Apartment
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

333 Summit Ave E, Seattle · 0 mi · 13,584 SF · built 1929 · assessed $309.11/SF
316 Bellevue Ave E, Seattle · 0 mi · 11,328 SF · built 1962 · assessed $325.30/SF
307 Summit Ave E, Seattle · 0 mi · 10,376 SF · built 1962 · assessed $305.61/SF
315 Summit Ave E, Seattle · 0 mi · 10,564 SF · built 1930 · assessed $292.03/SF
325 Summit Ave E, Seattle · 0 mi · 13,584 SF · built 1929 · assessed $263.62/SF
331 Bellevue Ave E, Seattle · 0 mi · 32,292 SF · built 1923 · assessed $263.69/SF

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Sale history and market context

MakeMe Estimate: $8,177,589 (estimated market value), with a likely range of $7,259,142 to $9,328,355 (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 $241K per unit at the midpoint (34 units).

Current ownership dates to 2005 (about 21 years) per recorded transfers.

2 administrative transfers (no consideration), 2005 to 2005

1986-11-24: $650,000 from Private party to Private party (non-market transfer), rec. 198612120930

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 $3,621,000 (2011) to $8,864,000 (2026), up 145% over 15 years, per county tax rolls. The 2026 roll splits $8,864,000 into $6,720,000 land and $2,144,000 improvements.

Zoning: MR (M) (per King County)

Lot: 16,800 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) 29,528 SF (county building sections)

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