5260 University Way NE, Seattle, WA 98105

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: apartments, 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 AI estimate from public imagery; may be outdated.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 83% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 36,356 SF, King County Assessor
Lot size: 7,200 SF, King County Assessor
Year built: 2017, King County Assessor
Stories: 7, King County Assessor
Predominant use: Ori Apartments + Retail, King County Assessor
Units: 69, King County Assessor
Assessed value: $17,130,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $471.17/SF, derived from assessor records
Lot coverage: 505%, derived from assessor records
Vintage: 2010s vintage
Zoning: NC3P-65, King County
County use code: Apartment
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): surface lot, AI estimate from public imagery

Nearby comparable buildings

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

5270 University Way NE, Seattle · 0 mi · 6,832 SF · built 1906 · assessed $307.96/SF
5253 15th Ave NE, Seattle · 0 mi · 10,948 SF · built 2018 · assessed $543.66/SF
5263 15th Ave NE, Seattle · 0 mi · 11,022 SF · built 1977 · assessed $356.29/SF
5255 15th Ave NE, Seattle · 0 mi · 11,022 SF · built 1977 · assessed $352.48/SF
1417 NE 55th St, Seattle · 0 mi · 5,406 SF · built 1918 · assessed $336.48/SF
5252 15th Ave NE, Seattle · 0 mi · 5,200 SF · built 1920 · assessed $381.10/SF

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Sale history and market context

MakeMe Estimate: $18,484,978 (estimated market value), with a likely range of $16,884,261 to $19,076,650 (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 $268K per unit at the midpoint (69 units).

Last sold: 2019-12-16 for $19,750,500 (recorded arm's-length sale).

Current ownership dates to 2019 (about 7 years) per recorded transfers.

2019-12-16: $19,750,500 from University Property LLC to Acme WMR Ori LLC, rec. 20191218001528

2016-10-13: transfer from Zhongghuan Investment USA LLC to University Property LLC (non-market transfer), rec. 20161026000582

2016-02-18: $5,200,000 from Perfect Wealth Investment LLC to Allin Yl LLC (non-market transfer), rec. 20160224000773

2015-01-28: transfer from Perfect Wealth Investment LLC to Seattle City of (non-market transfer), rec. 20150212000499

2013-05-17: $1,530,000 from Galante University LLC to Perfect Wealth Investment LLC, rec. 20130517001540

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 $856,600 (2011) to $17,130,000 (2026), up 1900% over 15 years, per county tax rolls. The 2026 roll splits $17,130,000 into $2,880,000 land and $14,250,000 improvements.

Zoning: NC3P-65 (per King County)

Lot: 7,200 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 32,736 SF; Line Retail 3,620 SF (county building sections)

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

Permit history

2024-07-23: Other, declared value $25,000 (Screened), permit 7036965-RF

2024-07-16: Electrical, declared value $4,000 (Screened), permit 7035817-EL

2018-11-19: Remodel, declared value $150,000 (Complete), permit 6688867-CN

2018-10-10: Remodel, declared value $100,000 (Complete), permit 6671581-CN

2015-12-16: Building, New, declared value $4,500,000 (Complete), permit 6455927

2015-12-16: Demolition (Complete), permit 6464036

Source: King County permit records (newest first).