3627 Stone Way N, Seattle, WA 98103

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: retail and residential mid-rise, 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 AI estimate from public imagery; may be outdated.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 96% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 160,743 SF, King County Assessor
Lot size: 18,900 SF, King County Assessor
Year built: 2016, King County Assessor
Stories: 4, King County Assessor
Predominant use: The Hayes Apartments, King County Assessor
Units: 124, King County Assessor
Assessed value: $39,766,200, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $247.39/SF, derived from assessor records
Lot coverage: 850%, derived from assessor records
Vintage: 2010s vintage
Zoning: NC2-75 (M1), King County
County use code: Apartment(Mixed Use)
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.

3636 Stone Way N, Seattle · 0 mi · 131,034 SF · built 2015 · assessed $222.96/SF
3606 Woodland Park Ave N, Seattle · 0 mi · 40,024 SF · built 2012 · assessed $354.04/SF
3623 Woodland Park Ave N, Seattle · 0.1 mi · 19,985 SF · built 2008 · assessed $261.80/SF
1058 N 36th St, Seattle · 0.1 mi · 10,776 SF · built 1900 · assessed $305.12/SF
3651 Interlake Ave N, Seattle · 0.1 mi · 11,426 SF · built 2015 · assessed $276.88/SF
3606 Interlake Ave N, Seattle · 0.1 mi · 3,080 SF · built 1957 · assessed $416.56/SF

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Sale history and market context

MakeMe Estimate: $39,305,146 (estimated market value), with a likely range of $35,901,494 to $40,563,233 (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 $317K per unit at the midpoint (124 units).

Current ownership dates to 2025 per recorded transfers.

2025-09-12: $57,608,106 from Hayes Apartments LLC +Washington Holdings LLC to Hayes on Stoneway Owner LLC (part of a 3-parcel sale; price is the whole deal), rec. 20250916001188

2017-08-30: transfer from 3627 Stone Way LLC to Hayes Apartments LLC (part of a 3-parcel sale; price is the whole deal), rec. 20170830002101

2015-05-28: $7,110,000 from Koon-Boen INC+Cummins-Egge INC to 3627 Stone Way LLC (part of a 3-parcel sale; price is the whole deal), rec. 20150602001247

2015-01-01: transfer from Private party to Koon-Boen INC (part of a 3-parcel sale; price is the whole deal), rec. 20150409001209

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 $2,286,500 (2011) to $39,766,200 (2026), up 1639% over 15 years, per county tax rolls. The 2026 roll splits $39,766,200 into $7,938,000 land and $31,828,200 improvements.

Zoning: NC2-75 (M1) (per King County)

Lot: 18,900 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 140,237 SF; Basement, Parking 46,340 SF; Restaurant, Table Service 4,144 SF; Retail Store 2,849 SF (county building sections)

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

Permit history

2024-03-11: Electrical, declared value $54,287 (Screened), permit 7013729-EL

2020-09-25: Remodel, declared value $141,740 (Screened), permit 6781867-CN

2017-12-08: Remodel, declared value $645,310 (Complete), permit 6575701

2017-08-27: Remodel, declared value $86,284 (Complete), permit 6601475

2017-07-24: Remodel, declared value $150,000 (Complete), permit 6582992

2015-10-14: Building, New, declared value $16,462,096 (Complete), permit 6456371

2015-07-16: Building, New, declared value $1,300,000 (Complete), permit 6454720

2015-06-05: Demolition (Complete), permit 6457924

Source: King County permit records (newest first).