Multifamily · Redmond · Seattle-Bellevue metro, WA
One of 145 reachable multifamily buildings in Redmond. Larger than 83% of multifamily buildings in Redmond (median 78,355 SF), derived from assessor records.
Usable building area
211,450 SF, King County Assessor
Lot size
338,708 SF, King County Assessor
Year built
1990, King County Assessor
Stories
4, King County Assessor
Predominant use
222-Unit Apt Complex, King County Assessor
Units
222, King County Assessor
Assessed value
$87,132,000, per the King County Assessor (not a market appraisal)
Assessed value per usable SF
$412.07/SF, derived from assessor records
Usable area / lot
0.62, derived from assessor records
Vintage
1990s vintage
Zoning
DTE, King County
County use code
Apartment
Nearby comparable buildings
Same building type, by distance. Assessor facts only; not an opinion of value.
MakeMe Estimate: $92M (estimated market value), with a likely range of $87.9M to $100M (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 $414K per unit at the midpoint (222 units).
moderate confidence: 5 comparable sales within 3 miles; nearest 0.2 mi. Last arm's-length sale: $97,700,000 in 2021. The market has moved since; the estimate reflects current county values and ratios, not that price.
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.
Market context: Multifamily in Redmond
median verified sale $552.24/SF over the trailing 24 months; median $390,625 per unit; 6 sales in the last 12 months and 6 in 24 (newest verified sale 2025-09).
2021: $453.29/SF median (8 sales)
2022: $490.61/SF median (4 sales)
2025 YTD: $552.24/SF median (4 sales)
Computed from 145 verified arm's-length sales in King County public records (6 in the trailing 24 months). Free public records. Not an appraisal.
Last sold: 2021-06-22 for $97,700,000 (recorded arm's-length sale).
Current ownership dates to 2021 (about 5 years) per recorded transfers.
2021-06-22: $97,700,000 from Bay Pacific Northwest LP to Sea 160 NE 2020 LLC, rec. 20210622001771
1997-09-21: transfer from TCR #510 Kelley Limited Partnership to Private party (non-market transfer), rec. 199709231892
Source: King County recorded sales extract; buyer and seller shown only when a company or organization. Individual names are withheld.
Value over time
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 $36,630,000 (2011) to $87,132,000 (2026), up 138% over 15 years, per county tax rolls. The 2026 roll splits $87,132,000 into $44,032,000 land and $43,100,000 improvements.
Zoning: DTE (per King County)
Lot: 338,708 sq ft
Water: Water District (per King County)
Sewer: Public (per King County)
Access: Public
Street surface: Paved
Floor and use mix: Apartment 211,450 SF (county building sections)