4801 Rainier Ave S, Seattle, WA 98118

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-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 AI estimate from public imagery; may be outdated.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 98% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 253,884 SF, King County Assessor
Lot size: 63,752 SF, King County Assessor
Year built: 2014, King County Assessor
Stories: 6, King County Assessor
Predominant use: Mixed-Use Residential Apts/Commercial, King County Assessor
Units: 193, King County Assessor
Assessed value: $36,908,800, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $145.38/SF, derived from assessor records
Lot coverage: 398%, derived from assessor records
Vintage: 2010s vintage
Zoning: NC3P-65, King County
County use code: Apartment(Mixed Use)
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.

3803 S Edmunds St, Seattle · 0.1 mi · 12,145 SF · built 1907 · assessed $230.40/SF
3815 S Edmunds St, Seattle · 0.1 mi · 3,808 SF · built 1935 · assessed $213.50/SF
3710 S Angeline St, Seattle · 0.1 mi · 104,990 SF · built 2024 · assessed $200.91/SF
4861 Rainier Ave S, Seattle · 0.1 mi · 2,142 SF · built 1900 · assessed $283.66/SF
3716 S Angeline St, Seattle · 0.1 mi · 10,560 SF · built 1910 · assessed $275.47/SF
3818 S Edmunds St, Seattle · 0.1 mi · 9,990 SF · built 1962 · assessed $292.49/SF

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Sale history and market context

MakeMe Estimate: $50,367,319 (estimated market value), with a likely range of $46,005,732 to $51,979,487 (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 $261K per unit at the midpoint (193 units).

Last sold: 2013-03-20 for $7,175,000 (recorded arm's-length sale).

Current ownership dates to 2017 (about 9 years) per recorded transfers.

2017-12-14: transfer from SP Columbia City LLC to Angeline Owner LLC (non-market transfer), rec. 20171218001291

2013-03-20: $7,175,000 from Columbia Plaza Development LLC to SP Columbia City LLC, rec. 20130320000872

2008-07-29: $500,000 from Columbia Plaza Development LLC to Koguma LLC (part of a 2-parcel sale; price is the whole deal), rec. 20080729000631

2007-06-15: $6,625,000 from Private party to Columbia Plaza Development LLC (non-market transfer), rec. 20070615001351

1986-07-22: $130,000 from Standard Mesa Company INC to Private party, rec. 198610151499

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 $20,437,200 (2016) to $36,908,800 (2026), up 81% over 10 years, per county tax rolls. The 2026 roll splits $36,908,800 into $0 land and $36,908,800 improvements.

Zoning: NC3P-65 (per King County)

Lot: 63,752 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 134,585 SF; Underground Parking Structure 86,340 SF; Market 27,000 SF; Mixed Use Retail 4,243 SF (county building sections)

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

Permit history

2025-12-01: Electrical, declared value $3,000 (Screened), permit 7118992-EL

2025-08-18: Other, declared value $14,800 (Screened), permit 7102215-RF

2025-07-31: Electrical, declared value $2,500 (Screened), permit 7099388-EL

2023-08-16: Electrical, declared value $47,850 (Screened), permit 6981285-EL

2023-02-28: Remodel, declared value $10,000 (Complete), permit 6949546-CN

2015-12-17: Remodel, declared value $50,750 (Complete), permit 6496703

2015-02-06: Building, New, declared value $1,000 (Complete), permit 6444281

2013-11-27: Remodel, declared value $2,000,000 (Complete), permit 6336041

2013-11-13: Building, New, declared value $32,794,976 (Complete), permit 6306072

2013-07-19: Building, New, declared value $889,699 (Complete), permit 6340976

Source: King County permit records (newest first).