805 Madison St, Seattle, WA 98104
Multifamily · Seattle · Seattle-Bellevue metro, WA
One of 5,391 reachable multifamily buildings in Seattle. Larger than 99% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.
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- Building size
- 332,781 SF, King County Assessor
- Lot size
- 14,400 SF, King County Assessor
- Year built
- 2006, King County Assessor
- Stories
- 17, King County Assessor
- Predominant use
- 17 Story Mixed Use Building, King County Assessor
- Units
- 220, King County Assessor
- Assessed value
- $82,884,000, per the King County Assessor (not a market appraisal)
- Assessed value per building SF
- $249.06/SF, derived from assessor records
- Lot coverage
- 2311%, derived from assessor records
- Vintage
- 2000s vintage
- Zoning
- NC3-200 (M), King County
- County use code
- Apartment(Mixed Use)
- Construction (observed)
- masonry, AI estimate from public imagery
- Parking (observed)
- none visible, AI estimate from public imagery
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
- 903 9th Ave, Seattle · 0 mi · 33,872 SF · built 1906 · assessed $194.59/SF
- 907 8th Ave, Seattle · 0 mi · 97,490 SF · built 2008 · assessed $227.75/SF
- 805 Marion St, Seattle · 0 mi · 24,900 SF · built 1920 · assessed $243.69/SF
- 821 9th Ave, Seattle · 0 mi · 25,380 SF · built 1929 · assessed $291.06/SF
- 1000 8th Ave, Seattle · 0.1 mi · 333,244 SF · built 1949 · assessed $170.46/SF
- 801 9th Ave, Seattle · 0.1 mi · 32,489 SF · built 2009 · assessed $328.46/SF
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Sale history and market context
MakeMe Estimate: $84,170,818 (estimated market value), with a likely range of $76,881,996 to $86,864,975 (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 $383K per unit at the midpoint (220 units).
Current ownership dates to 2006 (about 20 years) per recorded transfers.
- 2007-07-24: transfer from STRS Ohio Wa Real Estate Investments LLC to Seattle City of (part of a 3-parcel sale; price is the whole deal), rec. 20070726001034
- 2006-12-01: $74,364,675 from 8th & Madison LLC to STRS Ohio Wa Real Estate Investments LLC (part of a 3-parcel sale; price is the whole deal), rec. 20061207002387
- 2005-05-27: $13,000,000 from Avalonbay Communities INC to 8th & Madison LLC (part of a 3-parcel sale; price is the whole deal), rec. 20050527001831
- 2001-08-03: $3,270,436 from First Hill Food CTR INC to Avalonbay Communities INC (part of a 2-parcel sale; price is the whole deal), rec. 20010803000568
- 2001-07-13: $75,000 from Westminster Apt LLC to Avalonbay Communities INC (part of a 3-parcel sale; price is the whole deal), rec. 20010717001773
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Land, site, and value history
Assessed value moved from $42,141,000 (2011) to $82,884,000 (2026), up 97% over 15 years, per county tax rolls. The 2026 roll splits $82,884,000 into $10,080,000 land and $72,804,000 improvements.
- Zoning: NC3-200 (M) (per King County)
- Lot: 14,400 sq ft
- Rated views: Olympic Mountains, Seattle skyline, Puget Sound
- Water: Water District (per King County)
- Sewer: Public (per King County)
- Access: Public
- Street surface: Paved
- Floor and use mix: Apartment 177,588 SF; Basement, Parking 95,356 SF; Medical Office 39,404 SF; Veterinary Hospital 11,990 SF; Garage, Storage 8,443 SF (county building sections)
- County districts report (schools, fire, sewer, council; on kingcounty.gov)