How much does a new construction multifamily cost in Seattle (98103)?

Typical new construction multifamily in Seattle (98103)
≈ $611,000
medium confidencefrom 129 filings
≈ $531,000median ≈ $611,000≈ $971,000
A reference range from comparable filed projects in public records — not a quote.
Honesty is the point. We show the full range and the sample size — a reference, never a single promised number.
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New construction multifamily projects filed in Seattle (98103) typically run about $611,000, with most between $531,000 and $971,000, based on 129 filings (Seattle public records, DataSF).

These are comparable filed projects in Seattle (98103) — a typical reference range, not a quote. Your project can land anywhere in the spread depending on scope, materials, and access.

Where the money goes

A typical share of a new construction multifamily budget — an illustrative industry breakdown, not measured for this project.

What moves the price

Materials & finishes
The biggest swing — basic vs premium
Labor & crew
Local rates and how many trades are involved
Scope found on-site
Older homes surface surprises once walls open
Filing & timeline
Reviews and inspections add weeks, not just cost

Common questions

What's the typical range for a new construction multifamily in Seattle (98103)?

Most new construction multifamily projects in Seattle (98103) run $531,000 to $971,000, with a median around $611,000, based on 129 filings of comparable filed work (Seattle public records, DataSF).

How does Seattle (98103) compare to citywide new construction multifamily costs?

the 98103 median ($611,000) runs about 40% above the Seattle citywide median ($436,000) for new construction multifamily projects.

How recent is this data?

These figures reflect comparable new construction multifamily projects filed in Seattle public records (DataSF), compiled as of 2026-06-03. They refresh as new filings are published.

What affects the cost of a new construction multifamily?

Scope, materials, finishes, the age and condition of the home, and site access. The spread above ($531,000–$971,000) reflects that range — your project can land anywhere in it.

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