4046 5th Ave NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: low-rise apartment building, 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 AI estimate from public imagery; may be outdated.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 0% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 1,445 SF, King County Assessor
Lot size: 4,000 SF, King County Assessor
Year built: 1954, King County Assessor
Stories: 1, King County Assessor
Predominant use: Apartments, King County Assessor
Units: 5, King County Assessor
Assessed value: $766,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $530.10/SF, derived from assessor records
Lot coverage: 36%, derived from assessor records
Vintage: 1950s vintage
Zoning: NR3, King County
County use code: Apartment
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.

4050 5th Ave NE, Seattle · 0 mi · 1,445 SF · built 1954 · assessed $530.10/SF
4017 5th Ave NE, Seattle · 0.1 mi · 3,192 SF · built 1901 · assessed $396.99/SF
4040 7th Ave NE, Seattle · 0.1 mi · 30,335 SF · built 1987 · assessed $257.59/SF
4048 7th Ave NE, Seattle · 0.1 mi · 40,935 SF · built 2022 · assessed $398.58/SF
4039 8th Ave NE, Seattle · 0.1 mi · 22,694 SF · built 2015 · assessed $487.27/SF
401 NE 40th St, Seattle · 0.1 mi · 15,433 SF · built 1964 · assessed $330.59/SF

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Sale history and market context

MakeMe Estimate: $858,789 (estimated market value), with a likely range of $762,336 to $979,639 (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 $172K per unit at the midpoint (5 units).

Current ownership dates to 2003 (about 23 years) per recorded transfers.

2003-05-19: transfer from Private party to Private party (non-market transfer), rec. 20030520000162

1991-02-05: $169,000 from Private party to Private party (non-market transfer), rec. 199103011306

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 $329,000 (2011) to $766,000 (2026), up 133% over 15 years, per county tax rolls. The 2026 roll splits $766,000 into $500,000 land and $266,000 improvements.

Zoning: NR3 (per King County)

Lot: 4,000 sq ft

Nuisance flags: Traffic noise

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 1,445 SF (county building sections)

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