62 Cedar St, Seattle, WA 98121

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 97% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 170,660 SF, King County Assessor
Lot size: 7,080 SF, King County Assessor
Year built: 2013, King County Assessor
Stories: 13, King County Assessor
Predominant use: Joseph Arnold Lofts - Apartments, King County Assessor
Units: 131, King County Assessor
Assessed value: $54,902,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $321.70/SF, derived from assessor records
Lot coverage: 2410%, derived from assessor records
Vintage: 2010s vintage
Zoning: DMR/C 145/75, King County
County use code: Apartment
Construction (observed): steel glass, AI estimate from public imagery
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.

2801 Western Ave, Seattle · 0.1 mi · 590,869 SF · built 2001 · assessed $267.80/SF
2800 Western Ave, Seattle · 0.1 mi · 149,515 SF · built 2001 · assessed $227.40/SF
2624 Western Ave, Seattle · 0.1 mi · 17,720 SF · built 1910 · assessed $357.51/SF
2615 1st Ave, Seattle · 0.1 mi · 72,343 SF · built 1988 · assessed $249.22/SF
75 Vine St, Seattle · 0.1 mi · 157,124 SF · built 2014 · assessed $301.70/SF
2630 1st Ave, Seattle · 0.1 mi · 40,329 SF · built 2009 · assessed $357.59/SF

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Sale history and market context

MakeMe Estimate: $50,338,981 (estimated market value), with a likely range of $45,979,848 to $51,950,242 (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 $384K per unit at the midpoint (131 units).

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

2019-10-29: $74,369,000 from Joe Lofts Belltown LLC to Rise-CG Ja Lofts Limited Partnership (part of a 2-parcel sale; price is the whole deal), rec. 20191030000774

2014-04-28: $68,200,000 from Belltown Development Partners II LLC to Joe Lofts Belltown LLC (part of a 2-parcel sale; price is the whole deal), rec. 20140428001755

2011-11-09: transfer from Belltown Development Partners II LLC to Seattle City of (part of a 2-parcel sale; price is the whole deal), rec. 20111115000559

2008-04-25: $5,100,000 from Cameron Acquisition LLC to Belltown Development Partners II LLC (part of a 2-parcel sale; price is the whole deal), rec. 20080425001113

2005-12-27: $4,000,000 from Northwest Protective Service INC to Cameron Acquisition LLC (part of a 2-parcel sale; price is the whole deal), rec. 20051229002330

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 $1,873,000 (2011) to $54,902,000 (2026), up 2831% over 15 years, per county tax rolls. The 2026 roll splits $54,902,000 into $4,779,000 land and $50,123,000 improvements.

Zoning: DMR/C 145/75 (per King County)

Lot: 7,080 sq ft

Rated views: Olympic Mountains, Puget Sound

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 129,540 SF; Basement, Parking 37,072 SF; Retail Store 4,048 SF (county building sections)

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

Permit history

2024-12-23: Electrical, declared value $2,000 (Screened), permit 7062344-EL

2021-06-25: Remodel, declared value $500,000 (Screened), permit 6790201-CN

2017-08-01: Remodel, declared value $15,000 (Screened), permit 6588423

2017-01-31: Remodel, declared value $17,780 (Complete), permit 6578903

2016-05-25: Remodel, declared value $135,944 (Complete), permit 6431829

2012-07-06: Building, New, declared value $10,507,544 (Complete), permit 6284231

2012-05-24: Building, New, declared value $1,750,000 (Complete), permit 6303000

2012-04-09: Demolition (Complete), permit 6316475

2008-10-16: Building, New (Complete), permit 3009506

2005-09-26: Building, New, declared value $25,000,000 (Complete), permit 752885

Source: King County permit records (newest first).