6940 37th Ave S, Seattle, WA 98118

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: garden 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 AI estimate from public imagery; may be outdated.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 91% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 66,363 SF, King County Assessor
Lot size: 57,224 SF, King County Assessor
Year built: 2001, King County Assessor
Stories: 3, King County Assessor
Predominant use: Retirement Facility, King County Assessor
Units: 84, King County Assessor
Assessed value: $14,316,900, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $215.74/SF, derived from assessor records
Lot coverage: 116%, derived from assessor records
Vintage: 2000s vintage
Zoning: LR3 (M), King County
County use code: Apartment(Subsidized)
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): street only, AI estimate from public imagery

Nearby comparable buildings

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

7101 38th Ave S, Seattle · 0 mi · 59,846 SF · built 2001 · assessed $271.75/SF
3801 S Willow St, Seattle · 0.1 mi · 13,020 SF · built 1967
3809 S Willow St, Seattle · 0.1 mi · 5,580 SF · built 1966
6901 Martin Luther King Jr Way S, Seattle · 0.1 mi · 163,673 SF · built 2021 · assessed $309.82/SF
3818 S Willow St, Seattle · 0.1 mi · 11,344 SF · built 1967 · assessed $270.36/SF
3735 S Othello St, Seattle · 0.2 mi · 9,990 SF · built 2005

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Sale history and market context

MakeMe Estimate: $15,884,259 (estimated market value), with a likely range of $14,508,752 to $16,392,686 (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 $189K per unit at the midpoint (84 units).

Current ownership dates to 2000 (about 26 years) per recorded transfers.

2000-12-12: $604,000 from Housing Authority City of Seattle to Esperanza Apartments LTD PSTHP (non-market transfer), rec. 20001213001970

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 $3,182,700 (2011) to $14,316,900 (2026), up 350% over 15 years, per county tax rolls. The 2026 roll splits $14,316,900 into $4,542,600 land and $9,774,300 improvements.

Zoning: LR3 (M) (per King County)

Lot: 57,224 sq ft

Water: Public Restricted (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 66,363 SF (county building sections)

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