4740 40th Ave NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: low-rise apartments, 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 AI estimate from public imagery; may be outdated.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 77% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 25,137 SF, King County Assessor
Lot size: 25,435 SF, King County Assessor
Year built: 1966, King County Assessor
Stories: 3, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Apartment Bldg 18 Units, King County Assessor
Units: 30, King County Assessor
Assessed value: $6,325,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $251.62/SF, derived from assessor records
Lot coverage: 99%, derived from assessor records
Vintage: 1960s vintage
Zoning: LR3 (M), King County
County use code: Apartment
Construction (observed): wood frame, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

4747 Sand Point Way NE, Seattle · 0 mi · 17,785 SF · built 1990 · assessed $285.13/SF
4001 NE 50th St, Seattle · 0 mi · 10,872 SF · built 1961 · assessed $302.98/SF
5231 40th Ave NE, Seattle · 0.2 mi · 8,096 SF · built 1990 · assessed $277.30/SF
3925 NE 45th St, Seattle · 0.2 mi · 30,834 SF · built 1961 · assessed $337.06/SF
3821 NE 45th St, Seattle · 0.2 mi · 11,898 SF · built 1956 · assessed $396.96/SF
5505 40th Ave NE, Seattle · 0.3 mi · 8,268 SF · built 1962 · assessed $224.12/SF

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Sale history and market context

MakeMe Estimate: $6,233,985 (estimated market value), with a likely range of $5,533,830 to $7,111,244 (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 $208K per unit at the midpoint (30 units).

Current ownership dates to 2019 (about 7 years) per recorded transfers.

2 administrative transfers (no consideration), 2003 to 2019

2002-12-23: $2,794,000 from H P Lewison Building Company to Trinity Partnership L L P (part of a 2-parcel sale; price is the whole deal), rec. 20030102000948

1997-08-08: transfer from Private party to Lewison Building LTD PTSHP (part of a 2-parcel sale; price is the whole deal), rec. 199708111630

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 $3,236,000 (2011) to $6,325,000 (2026), up 95% over 15 years, per county tax rolls. The 2026 roll splits $6,325,000 into $6,104,400 land and $220,600 improvements.

Zoning: LR3 (M) (per King County)

Lot: 25,435 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) 25,137 SF (county building sections)

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