511 Malden Ave E, Seattle, WA 98112

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 35% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 6,504 SF, King County Assessor
Lot size: 5,091 SF, King County Assessor
Year built: 1909, King County Assessor
Stories: 2, King County Assessor
Predominant use: 6-Plex, King County Assessor
Units: 6, King County Assessor
Assessed value: $2,149,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $330.41/SF, derived from assessor records
Lot coverage: 128%, derived from assessor records
Vintage: pre-war vintage
Zoning: LR3 (M), King County
County use code: Apartment

Nearby comparable buildings

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

1406 E Republican St, Seattle · 0 mi · 25,690 SF · built 2014 · assessed $314.37/SF
1415 E Republican St, Seattle · 0 mi · 11,832 SF · built 1914 · assessed $250.34/SF
515 14th Ave E, Seattle · 0 mi · 13,782 SF · built 1927 · assessed $305.98/SF
526 14th Ave E, Seattle · 0 mi · 20,022 SF · built 1910 · assessed $294.78/SF
527 Malden Ave E, Seattle · 0 mi · 6,051 SF · built 1910 · assessed $351.18/SF
501 Malden Ave E, Seattle · 0 mi · 6,624 SF · built 1959 · assessed $317.93/SF

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Sale history and market context

MakeMe Estimate: $2,202,180 (estimated market value), with a likely range of $1,954,847 to $2,512,075 (half of recent verified sales in this segment landed inside that range). Based on 667 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $367K per unit at the midpoint (6 units).

Last sold: 2018-02-16 for $2,400,000 (recorded arm's-length sale).

Current ownership dates to 2018 (about 8 years) per recorded transfers.

2018-02-16: $2,400,000 from Private party to Malden Place LLC, rec. 20180216001118

2015-06-30: $1,999,400 from Private party to Towers Trimark-Malden LLC, rec.

2015-06-30: $1,999,400 from Private party to Trimark-Malden Towers LLC, rec. 20150630001699

1991-12-01: transfer from Private party to Private party (non-market transfer), rec. 199112101388

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 $660,000 (2011) to $2,149,000 (2026), up 226% over 15 years, per county tax rolls. The 2026 roll splits $2,149,000 into $1,527,300 land and $621,700 improvements.

Zoning: LR3 (M) (per King County)

Lot: 5,091 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Multiple Residence (Low Rise) 6,504 SF (county building sections)

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