4731 12th Ave NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 78% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 25,500 SF, King County Assessor
Lot size: 7,500 SF, King County Assessor
Year built: 1961, King County Assessor
Stories: 3, King County Assessor
Predominant use: University Apartments/Motel, King County Assessor
Units: 23, King County Assessor
Assessed value: $5,300,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $207.84/SF, derived from assessor records
Lot coverage: 340%, derived from assessor records
Vintage: 1960s vintage
Zoning: SM-U 75-240 (M1), King County
County use code: Apartment

Nearby comparable buildings

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

4727 12th Ave NE, Seattle · 0 mi · 21,810 SF · built 2020 · assessed $642.92/SF
4746 11th Ave NE, Seattle · 0 mi · 64,227 SF · built 1991 · assessed $225.89/SF
4737 Brooklyn Ave NE, Seattle · 0 mi · 9,588 SF · built 1924 · assessed $269.61/SF
4747 12th Ave NE, Seattle · 0 mi · 89,463 SF · built 2006 · assessed $180.05/SF
4710 11th Ave NE, Seattle · 0 mi · 30,139 SF · built 2015 · assessed $461.40/SF
4719 12th Ave NE, Seattle · 0 mi · 38,966 SF · built 2011 · assessed $333.55/SF

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Sale history and market context

MakeMe Estimate: $5,057,102 (estimated market value), with a likely range of $4,489,126 to $5,768,748 (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 $220K per unit at the midpoint (23 units).

Last sold: 2021-03-05 for $5,280,000 (recorded arm's-length sale).

Current ownership dates to 2021 (about 5 years) per recorded transfers.

2021-09-01: transfer from Lspi Exchange Corp to 4731 12th Ave NE LLC (non-market transfer), rec. 20210903001133

2021-03-05: $5,280,000 from University Motel LLC to Lspi Exchange Corp, rec. 20210308002091

2001-07-01: transfer from Private party to University Motel LLC (non-market transfer), rec. 20010717000747

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 $1,150,000 (2011) to $5,300,000 (2026), up 361% over 15 years, per county tax rolls. The 2026 roll splits $5,300,000 into $4,500,000 land and $800,000 improvements.

Zoning: SM-U 75-240 (M1) (per King County)

Lot: 7,500 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 18,000 SF; Basement, Parking 7,500 SF (county building sections)

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