4745 40th Ave SW, Seattle, WA 98116

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: other cre. 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 AI estimate from public imagery; may be outdated.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 97% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

Own this building?

Claim privately

Claiming is for you. Your mailing address is never shown; no offer reaches you unless you opt in.

Claimed owners can confirm facts, watch the estimate, and decide whether to reply.

Claim or manage this building

Building size: 168,439 SF, King County Assessor
Lot size: 8,475 SF, King County Assessor
Year built: 2015, King County Assessor
Stories: 8, King County Assessor
Predominant use: Mixed-Use Apartment Building, King County Assessor
Units: 151, King County Assessor
Assessed value: $37,627,700, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $223.39/SF, derived from assessor records
Lot coverage: 1987%, derived from assessor records
Vintage: 2010s vintage
Zoning: NC3-95 (M), King County
County use code: Apartment(Mixed Use)
Construction (observed): metal, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

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

4744 41st Ave SW, Seattle · 0 mi · 163,699 SF · built 1991 · assessed $192.71/SF
4001 SW Edmunds St, Seattle · 0 mi · 6,891 SF · built 1987 · assessed $365.69/SF
4820 40th Ave SW, Seattle · 0.1 mi · 5,169 SF · built 1952 · assessed $216.10/SF
4720 42nd Ave SW, Seattle · 0.1 mi · 308,031 SF · built 1987 · assessed $222.80/SF
4821 Fauntleroy Way SW, Seattle · 0.1 mi · 21,596 SF · built 1957 · assessed $266.48/SF
4807 41st Ave SW, Seattle · 0.1 mi · 7,560 SF · built 2023 · assessed $645.90/SF

Want to talk to the owner? makeme1031 delivers a private, principal-to-principal letter to the owner of record. We never publish the owner's identity or address.

Sale history and market context

MakeMe Estimate: $40,817,384 (estimated market value), with a likely range of $37,282,779 to $42,123,875 (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 $270K per unit at the midpoint (151 units).

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

2023-01-27: $48,349,000 from Broadstone Sky LLC to Green Leaf Sky LLC (part of a 4-parcel sale; price is the whole deal), rec. 20230127000628

2014-06-27: $4,650,000 from Broastone West Seattle Ventures LLC to Broadstone Sky LLC (part of a 4-parcel sale; price is the whole deal), rec. 20140627001828

2014-06-27: transfer from Broadstone West Seattle Venture LLC to Seattle City of (part of a 2-parcel sale; price is the whole deal), rec. 20140627001827

2014-03-11: $4,650,000 from Huling Bros Properties LLC to Broadstone West Seattle Venture LLC (part of a 4-parcel sale; price is the whole deal), rec. 20140311000762

2004-07-09: transfer from Private party to Huling Bros Properties LLC (part of a 2-parcel sale; price is the whole deal), rec. 20040721001351

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 $7,840,900 (2016) to $37,627,700 (2026), up 380% over 10 years, per county tax rolls. The 2026 roll splits $37,627,700 into $0 land and $37,627,700 improvements.

Zoning: NC3-95 (M) (per King County)

Lot: 8,475 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 109,892 SF; Basement, Parking 45,106 SF; Mixed Retail W/Res. Units 12,441 SF; Restaurant, Table Service 1,000 SF (county building sections)

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

Permit history

2025-11-26: Electrical, declared value $1,795 (Screened), permit 7118627-EL

2016-04-22: Remodel, declared value $172,757 (Complete), permit 6519039

2014-05-14: Building, New, declared value $19,380,313 (Complete), permit 6352823

2014-04-23: Demolition (Complete), permit 6389375

Source: King County permit records (newest first).