8704 Greenwood Ave N, Seattle, WA 98103

Multifamily · Seattle · Seattle-Bellevue metro, WA

Imagery suggests: parking structure. 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 AI estimate from public imagery; may be outdated.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 99% of multifamily buildings in Seattle (median 9,444 SF), derived from assessor records.

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Building size: 313,924 SF, King County Assessor
Lot size: 67,069 SF, King County Assessor
Year built: 2022, King County Assessor
Stories: 8, King County Assessor
Predominant use: Hemlock Apartments, King County Assessor
Units: 297, King County Assessor
Assessed value: $79,551,400, per the King County Assessor (not a market appraisal)
Assessed value per building SF: $253.41/SF, derived from assessor records
Lot coverage: 468%, derived from assessor records
Vintage: 2020s vintage
Zoning: NC2P-65 (M1), King County
County use code: Apartment
Construction (observed): masonry, AI estimate from public imagery
Parking (observed): structured, AI estimate from public imagery

Nearby comparable buildings

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

401 N 87th St, Seattle · 0.1 mi · 9,120 SF · built 1967 · assessed $231.14/SF
8732 Phinney Ave N, Seattle · 0.1 mi · 11,160 SF · built 1977 · assessed $229.75/SF
407 N 87th St, Seattle · 0.1 mi · 14,276 SF · built 1968 · assessed $217.71/SF
8728 Phinney Ave N, Seattle · 0.1 mi · 7,536 SF · built 1977 · assessed $276.94/SF
8551 Greenwood Ave N, Seattle · 0.1 mi · 98,486 SF · built 2000 · assessed $185.31/SF
8746 Phinney Ave N, Seattle · 0.1 mi · 11,220 SF · built 1979 · assessed $223.62/SF

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Sale history and market context

MakeMe Estimate: $81,481,414 (estimated market value), with a likely range of $74,425,483 to $84,089,488 (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 $274K per unit at the midpoint (297 units).

Last sold: 2018-05-14 for $10,525,000 (recorded arm's-length sale).

Current ownership dates to 2025 per recorded transfers.

2025-09-12: $122,462,579 from WH Greenwood LLC to Hemlock Owner LLC (part of a 2-parcel sale; price is the whole deal), rec. 20250916001216

2018-05-14: $10,525,000 from Safeway INC to WH Greenwood LLC, rec. 20180517000983

2010-07-26: $2,500 from Safeway INC to Qwest Corp, rec. 20100803000176

1989-07-24: transfer from Saybrayn Realty Company INC to Safeway Stores INC (non-market transfer), rec. 198908010791

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 $81,307,726 (2024) to $79,551,400 (2026), down 2% over 2 years, per county tax rolls. The 2026 roll splits $79,551,400 into $0 land and $79,551,400 improvements.

Zoning: NC2P-65 (M1) (per King County)

Lot: 67,069 sq ft

Water: Water District (per King County)

Sewer: Public (per King County)

Access: Public

Street surface: Paved

Floor and use mix: Apartment 230,828 SF; Parking Structure 70,990 SF; Retail Store 12,106 SF (county building sections)

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

Permit history

2024-09-24: Remodel, declared value $3,154,747 (Screened), permit 7024457-CN

2024-06-11: Other, declared value $100,000 (Screened), permit 7030006-RF

2024-04-30: Electrical, declared value $81,000 (Screened), permit 7022391-EL

2024-03-19: Electrical, declared value $23,325 (Screened), permit 7015175-EL

2024-01-30: Remodel, declared value $59,883 (Screened), permit 7000827-CN

2023-06-20: Electrical, declared value $750 (Screened), permit 6971369-EL

2021-01-14: Demolition, declared value $489,402 (Complete), permit 6744250-DM

2021-01-13: Building, New, declared value $1,600,000 (Complete), permit 6744252-CN

2011-07-06: Remodel, declared value $100,000 (Complete), permit 6287245

2008-01-02: Remodel, declared value $950,000 (Complete), permit 6139367

Source: King County permit records (newest first).