4249 129th Pl SE, Bellevue, WA 98006
Multifamily · Bellevue · Seattle-Bellevue metro, WA
One of 248 reachable multifamily buildings in Bellevue. Larger than 60% of multifamily buildings in Bellevue (median 35,076 SF), derived from assessor records.
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- Building size
- 65,497 SF, King County Assessor
- Lot size
- 158,555 SF, King County Assessor
- Year built
- 1986, King County Assessor
- Stories
- 2, King County Assessor
- Predominant use
- 50-Unit Apt Complex, King County Assessor
- Units
- 50, King County Assessor
- Assessed value
- $20,492,100, per the King County Assessor (not a market appraisal)
- Assessed value per building SF
- $312.87/SF, derived from assessor records
- Lot coverage
- 41%, derived from assessor records
- Vintage
- 1980s vintage
- Zoning
- MDR-1, King County
- County use code
- Apartment
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
- 4200 129th Pl SE, Bellevue · 0.1 mi · 59,239 SF · built 1987 · assessed $352.84/SF
- 12707 SE 42nd St, Bellevue · 0.1 mi · 15,944 SF · built 1981 · assessed $370.17/SF
- 12646 SE 42nd St, Bellevue · 0.1 mi · 21,252 SF · built 1969
- 13180 SE Newport Way, Bellevue · 0.2 mi · 139,580 SF · built 1986 · assessed $346.42/SF
- 12626 SE 42nd St, Bellevue · 0.2 mi · 17,107 SF · built 1977 · assessed $341.50/SF
- 4053 129th Pl SE, Bellevue · 0.2 mi · 35,504 SF · built 1995 · assessed $54.80/SF
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Sale history and market context
MakeMe Estimate: $21,908,841 (estimated market value), with a likely range of $19,448,201 to $24,991,895 (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 $438K per unit at the midpoint (50 units).
Current ownership dates to 2021 (about 5 years) per recorded transfers.
- 2 administrative transfers (no consideration), 2016 to 2021
- 2015-11-30: $40,099,000 from CP II Somerset LLC to 4249 129th Place SE LLC+Bbcaf-Bellevue LLC (part of a 2-parcel sale; price is the whole deal), rec. 20151130000845
- 2008-04-08: $23,949,500 from Somerset Green Townhomes Associates LLC to CP II Somerset LLC (part of a 2-parcel sale; price is the whole deal), rec. 20080408001388
- 1999-09-24: $12,403,000 from Somerset Townhouses Venture LP to Somerset Green Townhouses Asoc LLC (part of a 2-parcel sale; price is the whole deal), rec. 19990927001909
- 1994-12-07: transfer from Private party to Somerset Townhouses Venture LP (part of a 2-parcel sale; price is the whole deal), rec. 199412081313
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Land, site, and value history
Assessed value moved from $8,980,000 (2011) to $20,492,100 (2026), up 128% over 15 years, per county tax rolls. The 2026 roll splits $20,492,100 into $4,439,500 land and $16,052,600 improvements.
- Zoning: MDR-1 (per King County)
- Lot: 158,555 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) 65,497 SF (county building sections)
- County districts report (schools, fire, sewer, council; on kingcounty.gov)