5254 University Way NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: apartment building, appears multi-tenant. AI estimate from public imagery. In recent public imagery (2026-06), the building appears serviceable with visible wear. AI estimate from public imagery; may be outdated.

One of 5,391 reachable multifamily buildings in Seattle. Larger than 60% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 12,478 SF, King County Assessor
Lot size: 3,720 SF, King County Assessor
Year built: 1992, King County Assessor
Stories: 4, King County Assessor
Predominant use: Multi Res, Retail, Parking, King County Assessor
Assessed value: $2,522,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $202.12/SF, derived from assessor records
Lot coverage: 335%, derived from assessor records
Vintage: 1990s vintage
Zoning: NC3P-65, King County
County use code: Apartment(Mixed Use)
Construction (observed): wood frame, AI estimate from public imagery
Parking (observed): none visible, AI estimate from public imagery

Nearby comparable buildings

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

5263 University Way NE, Seattle · 0 mi · 43,644 SF · built 1997 · assessed $227.61/SF
5501 University Way NE, Seattle · 0 mi · 6,876 SF · built 1908 · assessed $213.79/SF
5252 Brooklyn Ave NE, Seattle · 0 mi · 3,170 SF · built 1907 · assessed $406.09/SF
5270 University Way NE, Seattle · 0 mi · 6,832 SF · built 1906 · assessed $307.96/SF
5246 Brooklyn Ave NE, Seattle · 0 mi · 7,538 SF · built 2015 · assessed $389.36/SF
1007 NE 56th St, Seattle · 0 mi · 2,348 SF · built 2012 · assessed $296.12/SF

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Sale history and market context

MakeMe Estimate: $2,595,631 (estimated market value), with a likely range of $2,304,109 to $2,960,893 (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.

Last sold: 2012-10-24 for $1,400,000 (recorded arm's-length sale).

Current ownership dates to 2012 (about 14 years) per recorded transfers.

2012-10-24: $1,400,000 from Private party to Int INC, rec. 20121101001017

1991-08-14: transfer from Private party to City of Seattle (non-market transfer), rec. 199108230241

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 $936,700 (2011) to $2,522,000 (2026), up 169% over 15 years, per county tax rolls. The 2026 roll splits $2,522,000 into $1,488,000 land and $1,034,000 improvements.

Zoning: NC3P-65 (per King County)

Lot: 3,720 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 6,388 SF; Parking Structure 3,520 SF; Office Building 2,570 SF (county building sections)

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