700 E Mercer St, Seattle, WA 98102

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise apartment building, 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 AI estimate from public imagery; may be outdated.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 85% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 40,721 SF, King County Assessor
Lot size: 16,790 SF, King County Assessor
Year built: 1960, King County Assessor
Stories: 5, King County Assessor
Predominant use: Apt, King County Assessor
Units: 51, King County Assessor
Assessed value: $12,947,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $317.94/SF, derived from assessor records
Lot coverage: 243%, derived from assessor records
Vintage: 1960s vintage
Zoning: LR3 (M), 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.

611 Harvard Ave E, Seattle · 0 mi · 17,160 SF · built 1964 · assessed $309.56/SF
621 Harvard Ave E, Seattle · 0 mi · 27,580 SF · built 1965 · assessed $237.64/SF
524 Boylston Ave E, Seattle · 0 mi · 34,580 SF · built 1925 · assessed $228.34/SF
533 Harvard Ave E, Seattle · 0 mi · 26,928 SF · built 1965 · assessed $263.07/SF
707 E Roy St, Seattle · 0 mi · 18,000 SF · built 1964 · assessed $279.67/SF
610 Harvard Ave E, Seattle · 0 mi · 49,256 SF · built 1968

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Sale history and market context

MakeMe Estimate: $13,212,542 (estimated market value), with a likely range of $12,068,394 to $13,635,451 (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 $259K per unit at the midpoint (51 units).

Last sold: 2014-08-21 for $10,599,900 (recorded arm's-length sale).

Current ownership dates to 2014 (about 12 years) per recorded transfers.

2014-08-21: $10,599,900 from 700 East Mercer LLC to Cameron Mercer LLC, rec. 20140910000676

2008-06-05: transfer from East Mercer Company the to 700 East Mercer LLC (non-market transfer), rec. 20080610001123

1985-08-09: $1,500,000 from Swanberg & Sons INC S M to East Mercer Company, rec. 198508190862

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 $5,050,000 (2011) to $12,947,000 (2026), up 156% over 15 years, per county tax rolls. The 2026 roll splits $12,947,000 into $5,037,000 land and $7,910,000 improvements.

Zoning: LR3 (M) (per King County)

Lot: 16,790 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 40,721 SF (county building sections)

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