501 E Pike St, Seattle, WA 98122

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 AI estimate from public imagery; may be outdated.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: 118,110 SF, King County Assessor
Lot size: 18,000 SF, King County Assessor
Year built: 2016, King County Assessor
Stories: 8, King County Assessor
Predominant use: Apartment, King County Assessor
Units: 89, King County Assessor
Assessed value: $36,527,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $309.26/SF, derived from assessor records
Lot coverage: 656%, derived from assessor records
Vintage: 2010s vintage
Zoning: NC3P-75 (M), King County
County use code: Apartment(Mixed Use)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): structured, 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.

1417 Belmont Ave, Seattle · 0 mi · 8,665 SF · built 1964 · assessed $274.21/SF
1412 Summit Ave, Seattle · 0 mi · 23,600 SF · built 1908 · assessed $369.03/SF
601 E Pike St, Seattle · 0 mi · 52,112 SF · built 2016 · assessed $249.35/SF
516 E Union St, Seattle · 0 mi · 27,792 SF · built 1924 · assessed $250.36/SF
500 E Union St, Seattle · 0 mi · 10,020 SF · built 1910 · assessed $337.92/SF
604 E Union St, Seattle · 0.1 mi · 67,304 SF · built 1925 · assessed $233.37/SF

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Sale history and market context

MakeMe Estimate: $35,567,639 (estimated market value), with a likely range of $32,487,638 to $36,706,095 (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 $400K per unit at the midpoint (89 units).

Last sold: 2012-12-27 for $5,300,000 (recorded arm's-length sale).

Current ownership dates to 2014 (about 12 years) per recorded transfers.

2014-03-18: transfer from CK Graphics Building LLC to Dunn Automotice Building LLC (non-market transfer), rec. 20140331000454

2012-12-27: $5,300,000 from Private party to C-K Graphics Building LLC, rec. 20121228001653

1992-07-01: $925,000 from Private party to Private party, rec. 199207021236

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 $2,431,000 (2011) to $36,527,000 (2026), up 1403% over 15 years, per county tax rolls. The 2026 roll splits $36,527,000 into $9,810,000 land and $26,717,000 improvements.

Zoning: NC3P-75 (M) (per King County)

Lot: 18,000 sq ft

Rated views: Seattle skyline

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 77,580 SF; Basement, Parking 27,275 SF; Open Office 6,900 SF; Retail Store 2,937 SF; Restaurant, Table Service 2,863 SF (county building sections)

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

Permit history

2025-10-21: Electrical, declared value $1,000 (Screened), permit 7112724-EL

2024-03-13: Electrical, declared value $1,200 (Screened), permit 7014298-EL

2016-10-04: Remodel, declared value $50,786 (Complete), permit 6544939

2016-07-05: Remodel, declared value $466,479 (Complete), permit 6535738

2016-03-22: Remodel, declared value $230,000 (Complete), permit 6505829

2016-03-11: Remodel, declared value $1,212,962 (Complete), permit 6501118

2015-12-09: Remodel, declared value $427,347 (Complete), permit 6488529

2014-12-03: Building, New, declared value $15,147,171 (Complete), permit 6350629

2014-07-24: Building, New, declared value $1,034,000 (Complete), permit 6401357

2014-06-10: Demolition (Complete), permit 6399616

Source: King County permit records (newest first).