724 16th Ave, Seattle, WA 98122

Multifamily · Seattle · Seattle-Bellevue metro, WA

One of 5,391 reachable multifamily buildings in Seattle. Larger than 26% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 5,330 SF, King County Assessor
Lot size: 3,600 SF, King County Assessor
Year built: 1902, King County Assessor
Stories: 2, King County Assessor
Predominant use: Apt, King County Assessor
Units: 8, King County Assessor
Assessed value: $1,771,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $332.27/SF, derived from assessor records
Lot coverage: 148%, derived from assessor records
Vintage: pre-war vintage
Zoning: LR1 (M), King County
County use code: Apartment

Nearby comparable buildings

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

721 17th Ave, Seattle · 0 mi · 17,204 SF · built 1907 · assessed $304.41/SF
1416 E Columbia St, Seattle · 0 mi · 6,960 SF · built 1907 · assessed $384.20/SF
802 15th Ave, Seattle · 0 mi · 4,710 SF · built 1901 · assessed $358.81/SF
1500 E Cherry St, Seattle · 0.1 mi · 10,448 SF · built 1971 · assessed $371.94/SF
1416 E Marion St, Seattle · 0.1 mi · 5,744 SF · built 1909 · assessed $314.94/SF
901 15th Ave, Seattle · 0.1 mi · 6,680 SF · built 1901 · assessed $290.72/SF

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Sale history and market context

MakeMe Estimate: $1,812,623 (estimated market value), with a likely range of $1,609,042 to $2,067,698 (half of recent verified sales in this segment landed inside that range). Based on 667 verified arm's-length comparable sales (through 2026-05-29). Not an appraisal. How this estimate works. About $227K per unit at the midpoint (8 units).

Last sold: 1992-07-29 for $290,000 (recorded arm's-length sale).

Current ownership dates to 1992 (about 34 years) per recorded transfers.

2008-09-29: transfer from Private party to Private party (non-market transfer), rec. 20080930001936

1992-07-29: $290,000 from Private party to Private party, rec. 199208051675

1992-07-29: transfer from Private party to Private party (non-market transfer), rec. 199208051674

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 $604,000 (2011) to $1,771,000 (2026), up 193% over 15 years, per county tax rolls. The 2026 roll splits $1,771,000 into $792,000 land and $979,000 improvements.

Zoning: LR1 (M) (per King County)

Lot: 3,600 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Floor and use mix: Multiple Residence (Low Rise) 5,330 SF (county building sections)

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