Partially completed (75%) mixed-use apartment building located in the excellent community of Normandy Park. Normandy Park is one of the fastest growing suburbs in King County and is well-positioned for success with high rental demand and very little nearby new construction. Approx 2,596 SF of commercial space on the 1st floor that has been divided into 6 live-work units offering flexibility. The 2nd and 3rd floors are comprised of 6 large, condo-style residential units with a total of approx. 7,000 SF. The large 13,673 SF lot has 18 off-street parking stalls, two of which are ADA accessible. The flexibility and short timeline to finish a new product makes this a very unique and lucrative opportunity for the future owner.
Sold
Listed by: Paragon Real Estate Advisors • Will Douglas
Bought with: eXp Realty
$2,100,000
18449 1st Avenue S, Normandy Park, WA 98148
--beds
--baths
15,781sqft
Multi Family
Built in 2019
-- sqft lot
$-- Zestimate®
$133/sqft
$2,983 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,983/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Will Douglas,
Paragon Real Estate Advisors,
Ryan Iles,
Paragon Real Estate Advisors
Bought with:
Dmitriy Zakharin, 106265
eXp Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2400365
Facts & features
Interior
Heating
- Heat Pump, Electric
Cooling
- Heat Pump
Features
- Has fireplace: No
Interior area
- Total structure area: 15,781
- Total interior livable area: 15,781 sqft
Property
Parking
- Total spaces: 18
- Parking features: Open
- Uncovered spaces: 18
Lot
- Size: 0.31 Acres
Details
- Parcel number: 0502000200
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 10+ Units
- Property subtype: Multi Family
Materials
- Cement Planked, Wood Products, Cement Plank
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Under Construction
- New construction: Yes
- Year built: 2019
Utilities & green energy
- Sewer: Sewer Connected
Community & HOA
Community
- Subdivision: Normandy Park
Location
- Region: Normandy Park
Financial & listing details
- Price per square foot: $133/sqft
- Tax assessed value: $216,000
- Annual tax amount: $27,418
- Date on market: 1/11/2026
- Cumulative days on market: 192 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 2/2/2026 | Sold | $2,100,000-8.7%$133/sqft |
Source:  NWMLS as distributed by MLS GRID #2400365 Report a problem | ||
| 10/10/2025 | Pending sale | $2,300,000$146/sqft |
Source: NWMLS as distributed by MLS GRID #2400365 Report a problem | ||
| 9/24/2025 | Listed for sale | $2,300,000$146/sqft |
Source: NWMLS as distributed by MLS GRID #2400365 Report a problem | ||
| 8/6/2025 | Pending sale | $2,300,000$146/sqft |
Source: NWMLS as distributed by MLS GRID #2400365 Report a problem | ||
| 7/1/2025 | Listed for sale | $2,300,000+15%$146/sqft |
Source: NWMLS as distributed by MLS GRID #2400365 Report a problem | ||
| 10/7/2020 | Sold | $2,000,000+267%$127/sqft |
Source: NWMLS as distributed by MLS GRID #1722895 Report a problem | ||
| 5/31/2019 | Listing removed | $545,000$35/sqft |
Source: eXp Realty #1368228 Report a problem | ||
| 9/29/2018 | Listed for sale | $545,000-63.7%$35/sqft |
Source: eXp Realty #1368228 Report a problem | ||
| 3/31/2017 | Sold | $1,500,000+120.6%$95/sqft |
Source: Agent Provided Report a problem | ||
| 7/24/2013 | Sold | $680,000-24.4%$43/sqft |
Source: Agent Provided Report a problem | ||
| 4/20/2011 | Price change | $899,950+6%$57/sqft |
Source: John L Scott Real Estate #152462 Report a problem | ||
| 11/11/2010 | Listed for sale | $849,000-46.6%$54/sqft |
Source: John L Scott Real Estate #152462 Report a problem | ||
| 1/8/2010 | Listing removed | $1,590,000$101/sqft |
Source: John L Scott #29005119 Report a problem | ||
| 4/10/2009 | Price change | $1,590,000-5.9%$101/sqft |
Source: John L Scott #29005119 Report a problem | ||
| 4/4/2009 | Price change | $1,690,000-5.6%$107/sqft |
Source: John L Scott #29005119 Report a problem | ||
| 3/13/2009 | Listed for sale | $1,790,000+62.7%$113/sqft |
Source: John L Scott #29005119 Report a problem | ||
| 4/2/2007 | Sold | $1,100,000$70/sqft |
Source: NWMLS as distributed by MLS GRID #25129151 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2017 | $3,323 +9% | $216,000 +7.5% |
| 2016 | $3,050 | $201,000 -1.5% |
| 2015 | $3,050 | $204,000 |
| 2014 | $3,050 | $204,000 +12.7% |
| 2013 | $3,050 | $181,000 -4.7% |
| 2012 | -- | $190,000 -4% |
| 2011 | -- | $198,000 +39.4% |
| 2010 | -- | $142,000 |
| 2009 | -- | $142,000 +8.4% |
| 2007 | -- | $131,000 +4.8% |
| 2006 | -- | $125,000 +5.9% |
| 2005 | -- | $118,000 -2.5% |
| 2001 | $1,476 +4.2% | $121,000 +9% |
| 2000 | $1,417 | $111,000 |
Find assessor info on the county website
Neighborhood: 98148
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Nearby schools
GreatSchools rating
- 7/10Marvista Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 5/10Sylvester Middle SchoolGrades: 6-8Distance: 1.4 mi
- 5/10Mount Rainier High SchoolGrades: 9-12Distance: 2.9 mi
- Washington
- King County
- Normandy Park
- 98148
- 18449 1st Avenue S
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