7662 159th Pl NE, Redmond, WA 98052

Multifamily · Redmond · 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 AI estimate from public imagery; may be outdated.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 131 reachable multifamily buildings in Redmond. Larger than 53% of multifamily buildings in Redmond (median 129,112 SF), derived from assessor records.

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Building size: 156,113 SF, King County Assessor
Lot size: 28,351 SF, King County Assessor
Year built: 2017, King County Assessor
Stories: 6, King County Assessor
Buildings on parcel: 2, King County Assessor
Predominant use: Building A And B-1, King County Assessor
Units: 95, King County Assessor
Assessed value: $37,939,000, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $243.02/SF, derived from assessor records
Lot coverage: 551%, derived from assessor records
Vintage: 2010s vintage
Zoning: DTC, King County
County use code: Apartment
Construction (observed): masonry, 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.

7508 159th Pl NE, Redmond · 0 mi · 216,220 SF · built 2016 · assessed $317.74/SF
7601 159th Pl NE, Redmond · 0 mi · 197,657 SF · built 2018 · assessed $260.26/SF
15808 Bear Creek Pkwy, Redmond · 0.1 mi · 437,265 SF · built 2018 · assessed $283.74/SF
16095 Cleveland St, Redmond · 0.1 mi · 165,296 SF · built 2009 · assessed $299.60/SF
16015 Cleveland St, Redmond · 0.1 mi · 203,235 SF · built 2010 · assessed $286.05/SF
16050 Cleveland St, Redmond · 0.1 mi · 159,087 SF · built 2021 · assessed $311.30/SF

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Sale history and market context

MakeMe Estimate: $42,931,766 (estimated market value), with a likely range of $39,214,065 to $44,305,935 (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 $452K per unit at the midpoint (95 units).

Last sold: 2025-09-12 for $41,477,365 (recorded arm's-length sale).

Current ownership dates to 2025 per recorded transfers.

2025-09-12: $41,477,365 from Heron Redmond LLC to SP/Rga Heron Flats LP, rec. 20250916001287

2016-06-08: transfer from Heron Redmond LLC to Redmond City of, rec. 20160621000837

2016-03-07: $3,620,000 from Private party to Heron Redmond LLC, rec. 20160315000963

2011-03-16: $123,000 from Private party to T7 Unison Site Management LLC, rec. 20110401000477

1999-08-06: $387,013 from Private party to Private party, rec. 19990806002300

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 $1,523,500 (2011) to $37,939,000 (2026), up 2390% over 15 years, per county tax rolls. The 2026 roll splits $37,939,000 into $4,536,100 land and $33,402,900 improvements.

Zoning: DTC (per King County)

Lot: 28,351 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 102,147 SF; Parking Structure 53,966 SF (county building sections)

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

Permit history

2017-05-11: Accessory, New, declared value $8,140 (Complete), permit BLDG-2017-02499

2016-11-03: Building, New, declared value $10,342,297 (Complete), permit BLDG-2016-02501

2016-07-13: Accessory, New, declared value $5,539,621 (Complete), permit BLDG-2016-00908

2016-02-23: Demolition, declared value $45,000 (Complete), permit DEMO-2016-00609

Source: King County permit records (newest first).