4689 Martin Luther King Jr Way S, Seattle, WA 98108

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 AI estimate from public imagery; may be outdated.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 95% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 112,944 SF, King County Assessor
Lot size: 14,893 SF, King County Assessor
Year built: 2021, King County Assessor
Stories: 5, King County Assessor
Predominant use: Encore Mixed Use Retail Multi-Family, King County Assessor
Units: 97, King County Assessor
Assessed value: $28,683,400, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $253.96/SF, derived from assessor records
Lot coverage: 758%, derived from assessor records
Vintage: 2020s vintage
Zoning: NC1P-55 (M), King County
County use code: Apartment(Mixed Use)
Construction (observed): steel glass, 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.

2917 S Snoqualmie St, Seattle · 0.1 mi · 54,300 SF · built 2005
3000 S Alaska St, Seattle · 0.1 mi · 90,759 SF · built 2017 · assessed $261.66/SF
4700 31st Ave S, Seattle · 0.1 mi · 7,806 SF · built 2018 · assessed $390.34/SF
2900 S Columbian Way, Seattle · 0.1 mi · 9,725 SF · built 2006
4515 29th Ave S, Seattle · 0.1 mi · 58,035 SF · built 2005
2815 S Alaska St, Seattle · 0.2 mi · 5,200 SF · built 1959 · assessed $340/SF

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Sale history and market context

MakeMe Estimate: $29,252,026 (estimated market value), with a likely range of $26,718,930 to $30,188,331 (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 $302K per unit at the midpoint (97 units).

Last sold: 1999-04-30 for $880,000 (recorded arm's-length sale).

Current ownership dates to 2023 (about 3 years) per recorded transfers.

2023-05-16: $35,224,000 from BDR Sonata West LLC to Green Leaf Encore LLC (part of a 2-parcel sale; price is the whole deal), rec. 20230516000464

2016-10-25: $1,920,000 from Seattle Housing Authority to BDR Sonata West LLC (part of a 2-parcel sale; price is the whole deal), rec. 20161025000969

2004-02-26: $1,600,000 from Private party to Seattle Housing Authority (non-market transfer), rec. 20040227002468

1999-04-30: $880,000 from Private party to Private party, rec. 199905070533

1994-01-18: $680,000 from Private party to Private party, rec. 199401181422

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 $12,012,897 (2023) to $28,683,400 (2026), up 139% over 3 years, per county tax rolls. The 2026 roll splits $28,683,400 into $0 land and $28,683,400 improvements.

Zoning: NC1P-55 (M) (per King County)

Lot: 14,893 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: Apartment 76,238 SF; Underground Condo Parking 27,044 SF; Mixed Use Retail 9,662 SF (county building sections)

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

Permit history

2026-04-09: Electrical (Screened), permit 7137594-EL

2026-02-11: Remodel, declared value $68,000, permit 7120762-CN

2026-01-27: Electrical (Screened), permit 7126783-EL

2024-01-09: Electrical, declared value $20,000 (Screened), permit 7003831-EL

2023-12-21: Electrical, declared value $300 (Screened), permit 7001804-EL

2023-11-14: Electrical, declared value $1,200 (Screened), permit 6996272-EL

2023-09-26: Electrical, declared value $12,000 (Screened), permit 6987741-EL

2023-09-08: Electrical, declared value $28,000 (Screened), permit 6984869-EL

2023-08-10: Remodel, declared value $325,000 (Complete), permit 6957805-CN

2023-07-07: Electrical, declared value $2,462 (Screened), permit 6974243-EL

Source: King County permit records (newest first).