5000 University Way NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise mixed-use, 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 AI estimate from public imagery; may be outdated.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 95% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 125,070 SF, King County Assessor
Lot size: 24,930 SF, King County Assessor
Year built: 2017, King County Assessor
Stories: 7, King County Assessor
Predominant use: Mixed-Use Apartment/Retail, King County Assessor
Units: 111, King County Assessor
Assessed value: $54,010,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $431.84/SF, derived from assessor records
Lot coverage: 502%, derived from assessor records
Vintage: 2010s vintage
Zoning: NC3P-65, 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.

5003 15th Ave NE, Seattle · 0 mi · 22,018 SF · built 1926 · assessed $263.19/SF
5017 15th Ave NE, Seattle · 0 mi · 16,430 SF · built 1966 · assessed $297.93/SF
5027 15th Ave NE, Seattle · 0 mi · 16,892 SF · built 1967 · assessed $296.06/SF
5006 15th Ave NE, Seattle · 0 mi · 8,825 SF · built 2020 · assessed $636.83/SF
5035 15th Ave NE, Seattle · 0 mi · 13,394 SF · built 1962 · assessed $326.56/SF
4750 University Way NE, Seattle · 0.1 mi · 12,182 SF · built 1958 · assessed $315.22/SF

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Sale history and market context

MakeMe Estimate: $48,552,137 (estimated market value), with a likely range of $44,347,736 to $50,106,204 (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 $437K per unit at the midpoint (111 units).

Last sold: 2017-11-07 for $39,439,614 (recorded arm's-length sale).

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

2017-11-07: $39,439,614 from Core Campus Seattle LLC to Acc Op (core) LLC, rec. 20171108000776

2016-06-16: transfer from Core Campus Seattle LLC to Seattle City of (non-market transfer), rec. 20160617000538

2015-08-05: $8,120,000 from Cohanim Montclair LLC to Core Campus Seattle LLC, rec. 20150810001117

2010-11-23: transfer from Private party to Cohanim Montclair LLC (non-market transfer), rec. 20101124000776

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 $4,312,800 (2011) to $54,010,000 (2026), up 1152% over 15 years, per county tax rolls. The 2026 roll splits $54,010,000 into $9,972,000 land and $44,038,000 improvements.

Zoning: NC3P-65 (per King County)

Lot: 24,930 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 95,780 SF; Retail Store 18,282 SF; Parking Structure 11,008 SF (county building sections)

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

Permit history

2022-02-11: Remodel, declared value $30,000 (Screened), permit 6872646-CN

2019-02-20: Remodel, declared value $320,093 (Complete), permit 6702818-CN

2019-02-12: Remodel, declared value $300,000 (Complete), permit 6674001-CN

2018-11-02: Remodel, declared value $64,467 (Complete), permit 6682647-CN

2018-04-02: Remodel, declared value $200,000 (Complete), permit 6642350

2017-11-16: Remodel, declared value $300,000 (Complete), permit 6601289

2016-06-22: Building, New, declared value $16,184,522 (Complete), permit 6309865

2016-04-11: Other, declared value $780,000 (Complete), permit 6377398

2016-04-11: Demolition (Complete), permit 6389148

Source: King County permit records (newest first).