5231 40th Ave NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 45% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 8,096 SF, King County Assessor
Lot size: 5,392 SF, King County Assessor
Year built: 1990, King County Assessor
Stories: 2, King County Assessor
Predominant use: Hawthorne Place Apartments, King County Assessor
Units: 7, King County Assessor
Assessed value: $2,245,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $277.30/SF, derived from assessor records
Lot coverage: 150%, derived from assessor records
Vintage: 1990s vintage
Zoning: LR2 (M), King County
County use code: Apartment

Nearby comparable buildings

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

5505 40th Ave NE, Seattle · 0.1 mi · 8,268 SF · built 1962 · assessed $224.12/SF
4054 NE 55th St, Seattle · 0.1 mi · 22,102 SF · built 1986 · assessed $236.58/SF
4300 NE 55th St, Seattle · 0.2 mi · 11,152 SF · built 1989 · assessed $241.93/SF
4001 NE 50th St, Seattle · 0.2 mi · 10,872 SF · built 1961 · assessed $302.98/SF
4747 Sand Point Way NE, Seattle · 0.2 mi · 17,785 SF · built 1990 · assessed $285.13/SF
4740 40th Ave NE, Seattle · 0.2 mi · 25,137 SF · built 1966 · assessed $251.62/SF

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Sale history and market context

MakeMe Estimate: $2,405,178 (estimated market value), with a likely range of $2,135,047 to $2,743,640 (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 $344K per unit at the midpoint (7 units).

Last sold: 2023-07-13 for $2,597,850 (recorded arm's-length sale).

Current ownership dates to 2023 (about 3 years) per recorded transfers.

2023-07-13: $2,597,850 from Hawthorne PL Apts LLC to CKR Investments LLC, rec. 20230717000556

2017-07-31: $2,848,600 from Meadowbrook Hawthorne Hills LLC to Hawthorne PL Apts LLC, rec. 20170731000921

2004-06-03: transfer from Private party to Meadowbrook Hawthorne Hills LLC (non-market transfer), rec. 20040708002016

2003-12-29: $948,600 from Private party to Private party, rec. 20040102000416

1992-08-07: $500 from Private party to US West Communications INC (non-market transfer), rec. 199302220899

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 $871,000 (2011) to $2,245,000 (2026), up 158% over 15 years, per county tax rolls. The 2026 roll splits $2,245,000 into $1,294,000 land and $951,000 improvements.

Zoning: LR2 (M) (per King County)

Lot: 5,392 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) 6,227 SF; Basement, Parking 1,869 SF (county building sections)

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