4690 Stephens Ave, Carnation, WA 98014

Multifamily · Carnation · Seattle-Bellevue metro, WA

One of 14 reachable multifamily buildings in Carnation. Larger than 79% of multifamily buildings in Carnation (median 3,936 SF), derived from assessor records.

Usable building area
8,100 SF, King County Assessor
County gross area
13,921 SF, King County Assessor
Excluded area
5,821 SF outside primary usable area
Lot size
18,109 SF, King County Assessor
Year built
2024, King County Assessor
Stories
3, King County Assessor
Predominant use
Apartment, King County Assessor
Units
15, King County Assessor
Assessed value
$2,791,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$344.57/SF, derived from assessor records
Usable area / lot
0.45, derived from assessor records
Vintage
2020s vintage
Zoning
MU, King County
County use code
Apartment

Nearby comparable buildings

Same building type, by distance. Assessor facts only; not an opinion of value.

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Sale history and market context

MakeMe Estimate: $2.67M (estimated market value), with a likely range of $2.38M to $3.05M (half of recent verified sales in this segment landed inside that range). Based on 4 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works. About $178K per unit at the midpoint (15 units).

lower confidence: 3 comparable sales within 3 miles; nearest 0 mi. Comparable-sale caveat: the estimate is 53% above the $215.26/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.

Ownership tenure is not asserted for this parcel: the most recent recorded transfer is a non-market conveyance.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$1M$2M$3M$4M201120142017202020232026$2.67M$2.79MCounty assessed valueMakeMe Estimate range

Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $232,000 (2011) to $2,791,000 (2026), up 1103% over 15 years, per county tax rolls. The 2026 roll splits $2,791,000 into $633,800 land and $2,157,200 improvements.

Taxes

Permit history

Source: King County permit records (newest first).