500 Broadway, Seattle, WA 98122

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: modern 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 AI estimate from public imagery; may be outdated.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 86% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 41,889 SF, King County Assessor
Lot size: 7,200 SF, King County Assessor
Year built: 2021, King County Assessor
Stories: 8, King County Assessor
Predominant use: Mixed-Use Hotel/Congregate Housing, King County Assessor
Units: 107, King County Assessor
Assessed value: $14,970,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $357.37/SF, derived from assessor records
Lot coverage: 582%, derived from assessor records
Vintage: 2020s vintage
Zoning: MIO-90-NC3-95 (M), King County
County use code: Apartment(Mixed Use)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): street only, AI estimate from public imagery
Frontage (observed): mid block, AI estimate from public imagery

Nearby comparable buildings

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

512 Broadway, Seattle · 0 mi · 139,941 SF · built 2016 · assessed $242.38/SF
415 10th Ave, Seattle · 0.1 mi · 52,405 SF · built 2007 · assessed $219.47/SF
1203 James St, Seattle · 0.1 mi · 23,984 SF · built 1925 · assessed $209.81/SF
400 Broadway, Seattle · 0.1 mi · 21,005 SF · built 1995 · assessed $126.97/SF
411 10th Ave, Seattle · 0.1 mi · 20,973 SF · built 1996 · assessed $216.99/SF
400 10th Ave, Seattle · 0.1 mi · 37,485 SF · built 1985 · assessed $288.14/SF

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Sale history and market context

MakeMe Estimate: $19,688,422 (estimated market value), with a likely range of $17,983,491 to $20,318,613 (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 $184K per unit at the midpoint (107 units).

Last sold: 2022-12-21 for $27,340,532 (recorded arm's-length sale).

Current ownership dates to 2022 (about 4 years) per recorded transfers.

2022-12-21: $27,340,532 from 500 Broadway Partners LLC to 500 Broadway Qozb LLC, rec. 20221221000600

2019-12-27: $5,764,345 from S&S Broadway INC to 500 Broadway Partners LLC, rec. 20191230000001

2010-12-13: $1,445,000 from Private party to S & S Broadway INC, rec. 20101230000240

2005-11-29: transfer from Private party to Private party (non-market transfer), rec. 20051129002877

1999-02-10: $500,000 from Han Associates INC to Private party, rec. 199902220616

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 $1,117,000 (2011) to $14,970,000 (2026), up 1240% over 15 years, per county tax rolls. The 2026 roll splits $14,970,000 into $3,960,000 land and $11,010,000 improvements.

Zoning: MIO-90-NC3-95 (M) (per King County)

Lot: 7,200 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Congregate Housing 40,825 SF; Mixed Use Retail 1,064 SF (county building sections)

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

Permit history

2020-08-26: Demolition, declared value $5,500,000 (Complete), permit 6691155-DM

2014-05-19: Remodel, declared value $30,000 (Complete), permit 6379085

2011-10-24: Remodel, declared value $30,000 (Complete), permit 6294038

2011-10-07: Remodel, declared value $8,000 (Complete), permit 6296258

Source: King County permit records (newest first).