4550 11th Ave NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise mixed-use, 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 AI estimate from public imagery; may be outdated.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: 160,830 SF, King County Assessor
Lot size: 19,263 SF, King County Assessor
Year built: 2014, King County Assessor
Stories: 6, King County Assessor
Predominant use: Apartments-113 Units, King County Assessor
Units: 100, King County Assessor
Assessed value: $32,650,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $203.01/SF, derived from assessor records
Lot coverage: 835%, derived from assessor records
Vintage: 2010s vintage
Zoning: SM-U 95-320 (M1), King County
County use code: Apartment
Construction (observed): masonry, AI estimate from public imagery
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.

4535 12th Ave NE, Seattle · 0 mi · 250,237 SF · built 2014 · assessed $237.37/SF
4515 Brooklyn Ave NE, Seattle · 0.1 mi · 264,766 SF · built 2022 · assessed $471.91/SF
4719 12th Ave NE, Seattle · 0.1 mi · 38,966 SF · built 2011 · assessed $333.55/SF
4710 11th Ave NE, Seattle · 0.1 mi · 30,139 SF · built 2015 · assessed $461.40/SF
4700 12th Ave NE, Seattle · 0.1 mi · 72,831 SF · built 1971
4522 Brooklyn Ave NE, Seattle · 0.1 mi · 34,090 SF · built 1925 · assessed $254.27/SF

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Sale history and market context

MakeMe Estimate: $36,917,887 (estimated market value), with a likely range of $33,720,961 to $38,099,562 (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 $369K per unit at the midpoint (100 units).

Current ownership dates to 2017 (about 9 years) per recorded transfers.

2017-06-09: $112,060,248 from Avalon University District LLC to Acc Op 12th Avenue LLC (part of a 2-parcel sale; price is the whole deal), rec. 20170609000572

2012-04-25: transfer from Avalon University District LLC to Seattle City of (non-market transfer), rec. 20120502000029

2011-09-30: $12,000,000 from University District Parking Associates INC to Avalon University District LLC (part of a 2-parcel sale; price is the whole deal), rec. 20110930001820

1987-08-14: $480,000 from University Federal Savings BNK to University District Parking, rec. 198708141353

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 $2,429,800 (2011) to $32,650,000 (2026), up 1244% over 15 years, per county tax rolls. The 2026 roll splits $32,650,000 into $12,039,300 land and $20,610,700 improvements.

Zoning: SM-U 95-320 (M1) (per King County)

Lot: 19,263 sq ft

Rated views: Territorial

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 99,532 SF; Basement, Parking 56,516 SF; Line Retail 4,782 SF (county building sections)

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

Permit history

2016-08-05: Remodel, declared value $417,165 (Complete), permit 6498704

2015-12-10: Remodel, declared value $331,829 (Complete), permit 6499420

2012-07-17: Building, New, declared value $17,326,115 (Complete), permit 6270926

2012-06-07: Building, New, declared value $600,000 (Complete), permit 6303895

2012-05-18: Demolition (Complete), permit 6321004

Source: King County permit records (newest first).