6205 188th Ln NE, Redmond, WA 98052

Multifamily · Redmond · Seattle-Bellevue metro, WA

One of 145 reachable multifamily buildings in Redmond. Larger than 86% of multifamily buildings in Redmond (median 78,355 SF), derived from assessor records.

Usable building area
231,000 SF, King County Assessor
County gross area
235,505 SF, King County Assessor
Excluded area
4,505 SF outside primary usable area
Lot size
553,648 SF, King County Assessor
Year built
2003, King County Assessor
Stories
2, King County Assessor
Predominant use
Apartment, King County Assessor
Units
205, King County Assessor
Assessed value
$88,926,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$384.96/SF, derived from assessor records
Usable area / lot
0.42, derived from assessor records
Vintage
2000s vintage
Zoning
NMF, King County
County use code
Apartment

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $97.7M (estimated market value), with a likely range of $93.4M to $106M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works. About $476K per unit at the midpoint (205 units).

moderate confidence: 5 comparable sales within 3 miles; nearest 1.3 mi.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.

Market context: Multifamily in Redmond

median verified sale $552.24/SF over the trailing 24 months; median $390,625 per unit; 6 sales in the last 12 months and 6 in 24 (newest verified sale 2025-09).

  • 2021: $453.29/SF median (8 sales)
  • 2022: $490.61/SF median (4 sales)
  • 2025 YTD: $552.24/SF median (4 sales)

Computed from 145 verified arm's-length sales in King County public records (6 in the trailing 24 months). Free public records. Not an appraisal.

Last sold: 2002-02-20 for $5,002,250 (recorded arm's-length sale).

Current ownership dates to 2002 (about 24 years) per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$50M$100M$150M201120142017202020232026$97.7M$88.9MCounty assessed valueMakeMe Estimate range

Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $32,252,000 (2011) to $88,926,000 (2026), up 176% over 15 years, per county tax rolls. The 2026 roll splits $88,926,000 into $24,914,100 land and $64,011,900 improvements.

Taxes

Permit history

Source: King County permit records (newest first).