528 Central Way, Kirkland, WA 98033

Multifamily · Kirkland · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise multifamily, 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 AI estimate from public imagery; may be outdated.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 188 reachable multifamily buildings in Kirkland. Larger than 94% of multifamily buildings in Kirkland (median 8,700 SF), derived from assessor records.

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Building size: 237,401 SF, King County Assessor
Lot size: 67,403 SF, King County Assessor
Year built: 2000, King County Assessor
Stories: 4, King County Assessor
Predominant use: 161-Unit Mixed Use Apt Complex, King County Assessor
Units: 161, King County Assessor
Assessed value: $70,220,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $295.79/SF, derived from assessor records
Lot coverage: 352%, derived from assessor records
Vintage: 2000s vintage
Zoning: CBD 6, King County
County use code: Apartment(Mixed Use)
Parking (observed): street only, 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.

421 7th Ave, Kirkland · 0.1 mi · 8,236 SF · built 1977
424 Central Way, Kirkland · 0.1 mi · 4,620 SF · built 2010 · assessed $440.43/SF
530 2nd Ave, Kirkland · 0.2 mi · 100,788 SF · built 1997 · assessed $235.71/SF
324 Central Way, Kirkland · 0.2 mi · 112,762 SF · built 2016 · assessed $310.39/SF
343 4th Ave, Kirkland · 0.2 mi · 5,880 SF · built 1963 · assessed $375.68/SF
325 4th Ave, Kirkland · 0.2 mi · 8,700 SF · built 1988 · assessed $369.20/SF

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Sale history and market context

MakeMe Estimate: $84,378,997 (estimated market value), with a likely range of $77,072,149 to $87,079,818 (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 $524K per unit at the midpoint (161 units).

Last sold: 2003-10-14 for $30,810,000 (recorded arm's-length sale).

Current ownership dates to 2003 (about 23 years) per recorded transfers.

2003-10-14: $30,810,000 from Central Building LLC to SSR Tera Apartments LLC C/O SSR Realty Advisors In…, rec. 20031014002727

2001-01-17: $3,155,675 from Private party to Central Building LLC, rec. 20010118000873

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 $34,502,000 (2011) to $70,220,000 (2026), up 104% over 15 years, per county tax rolls. The 2026 roll splits $70,220,000 into $14,828,600 land and $55,391,400 improvements.

Zoning: CBD 6 (per King County)

Lot: 67,403 sq ft

Rated views: Territorial, Lake Washington

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 154,387 SF; Basement, Parking 73,226 SF; Retail Store 9,788 SF (county building sections)

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

Permit history

2025-12-31: Electrical, declared value $10,080, permit EMU25-09929

2025-12-26: Other, declared value $25,350, permit MMU25-09425

2025-07-02: Other, declared value $39,500, permit MMF25-04500

2024-08-20: Remodel, declared value $500,000 (Screened), permit BMF24-02815

2024-08-20: Other, declared value $25,000 (Screened), permit BMF24-01823

2024-07-24: Other, declared value $40,000 (Screened), permit BMF24-04479

2024-01-12: Other, declared value $40,000 (Screened), permit BMF23-09713

2022-12-16: Electrical, declared value $5,000 (Screened), permit EMF22-08641

2021-01-29: Electrical, declared value $1,980 (Screened), permit ENR21-00748

2020-12-18: Other, declared value $3,620 (Screened), permit MNR20-08521

Source: King County permit records (newest first).