7920 110th Ave SE, Newcastle, WA 98056

Multifamily · Newcastle · Seattle-Bellevue metro, WA

One of 12 reachable multifamily buildings in Newcastle. Larger than 58% of multifamily buildings in Newcastle (median 105,288 SF), derived from assessor records.

Usable building area
109,200 SF, King County Assessor
County gross area
109,772 SF, King County Assessor
Excluded area
572 SF outside primary usable area
Lot size
190,300 SF, King County Assessor
Year built
1981, King County Assessor
Stories
4, King County Assessor
Predominant use
104-Unit Apt Complex, King County Assessor
Units
104, King County Assessor
Assessed value
$40,026,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$366.54/SF, derived from assessor records
Usable area / lot
0.57, derived from assessor records
Vintage
1980s vintage
Zoning
R-24, King County
County use code
Apartment

Nearby comparable buildings

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

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Sale history and market context

MakeMe Estimate: $39M (estimated market value), with a likely range of $37.3M to $42.5M (half of recent verified sales in this segment landed inside that range). Based on 8 verified arm's-length comparable sales (through 2026-06-01). Not an appraisal. How this estimate works. About $375K per unit at the midpoint (104 units).

lower confidence: 0 comparable sales within 3 miles; nearest 4.1 mi. Last arm's-length sale: $52,939,000 in 2022. The market has moved since; the estimate reflects current county values and ratios, not that price. Comparable-sale caveat: the estimate is 26% below the $479.15/SF median of the shown comparable sales.

Comparable sales used as evidence

Recorded arm's-length sales of similar buildings nearby; nearer and more recent sales rank first. Buyer and seller names are withheld. Get this data via API.

Last sold: 2022-07-27 for $52,939,000 (recorded arm's-length sale).

Current ownership dates to 2022 (about 4 years) per recorded transfers.

Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.

Value over time

$0$20M$40M$60M201120142017202020232026Last sold $52.9M · 2022$39M$40MCounty assessed valueMakeMe Estimate rangeRecorded sale

Dark line: county assessed value per King County tax rolls. Blue line: our estimate; dashed years are a modeled backcast built from recorded arm's-length sales in the building's segment, not estimates published at the time, and years without enough sales stay unmodeled. The shaded range is the model's measured error band; about half of verified sales in the segment land inside it. Diamonds: recorded arm's-length sales. Not an appraisal. How this estimate works.

Land, site, and value history

Assessed value moved from $14,861,000 (2011) to $40,026,000 (2026), up 169% over 15 years, per county tax rolls. The 2026 roll splits $40,026,000 into $4,567,200 land and $35,458,800 improvements.

Taxes

Permit history

Source: King County permit records (newest first).