701 5th Ave N, Seattle, WA 98109

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: mid-rise mixed-use, 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 AI estimate from public imagery; may be outdated.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 94% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 96,933 SF, King County Assessor
Lot size: 14,400 SF, King County Assessor
Year built: 2018, King County Assessor
Stories: 5, King County Assessor
Predominant use: Apartment, King County Assessor
Units: 107, King County Assessor
Assessed value: $31,970,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $329.82/SF, derived from assessor records
Lot coverage: 673%, derived from assessor records
Vintage: 2010s vintage
Zoning: SM-UP 65 (M), King County
County use code: Apartment
Construction (observed): steel glass, AI estimate from public imagery
Parking (observed): none visible, 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.

718 4th Ave N, Seattle · 0 mi · 22,331 SF · built 1957 · assessed $293.58/SF
403 Roy St, Seattle · 0 mi · 22,344 SF · built 1910 · assessed $268.53/SF
605 5th Ave N, Seattle · 0.1 mi · 47,276 SF · built 1926 · assessed $266.52/SF
715 4th Ave N, Seattle · 0.1 mi · 16,325 SF · built 1909 · assessed $269.16/SF
800 5th Ave N, Seattle · 0.1 mi · 38,400 SF · built 2019 · assessed $293.91/SF
571 Valley St, Seattle · 0.1 mi · 4,797 SF · built 1926 · assessed $318.53/SF

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Sale history and market context

MakeMe Estimate: $31,393,257 (estimated market value), with a likely range of $28,674,739 to $32,398,099 (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 $293K per unit at the midpoint (107 units).

Current ownership dates to 2004 (about 22 years) per recorded transfers.

2018-01-30: transfer from Fifth North & Roy LLC to Seattle City of (part of a 3-parcel sale; price is the whole deal), rec. 20180205000744

2004-04-22: $3,850,000 from Pongs Coproation INC to Fifth North & Roy LLC (part of a 3-parcel sale; price is the whole deal), rec. 20040423000963

2000-09-21: $3,300,000 from Private party to Pongs Corportation INC (part of a 3-parcel sale; price is the whole deal), rec. 20000927000708

1997-12-18: transfer from Private party to Private party (part of a 3-parcel sale; price is the whole deal), rec. 199801020947

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 $1,801,000 (2011) to $31,970,000 (2026), up 1675% over 15 years, per county tax rolls. The 2026 roll splits $31,970,000 into $6,120,000 land and $25,850,000 improvements.

Zoning: SM-UP 65 (M) (per King County)

Lot: 14,400 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 93,452 SF; Basement, Parking 20,000 SF; Retail Store 3,481 SF (county building sections)

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

Permit history

2020-01-31: Remodel, declared value $733,158 (Screened), permit 6746693-CN

2018-04-18: Building, New, declared value $15,454,258 (Complete), permit 6595306

2018-02-13: Building, New, declared value $600,000 (Complete), permit 6610962

2017-11-13: Demolition (Complete), permit 6607631

2008-08-06: Accessory, New, declared value $17,680 (Complete), permit 6187770

2004-10-01: Remodel, declared value $400,000 (Complete), permit 745787

Source: King County permit records (newest first).