Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    631 NE Oak St Pullman, WA 99163

    Sponsored
    For Sale
    $1,500,000

    Apartment Complex - Pullman, WA

    Property size:
    10,000 SF
    Days on Market:
    1
    Last Refresh:
    Jan 31 at 10:06 pm

    Property Features for 631 NE Oak St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Residential
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    33
    Size
    10,000 SF

    Building Details

    Year built
    1919
    Number of units
    11
    Architectural style
    Other

    We can help!

    Listing Contact
    Joe Pitzer

    RE/MAX Home and Land (509) 332-4546

    Listing agent Joe Pitzer (509) 332-4546 License #18161

    Listing date Jan 31, 2026

    MLS# 290192 Listing URL

    Copyright © 2026 PACMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pullman Apartment Complex For Sale

    This well-maintained, income-producing property is located near the WSU campus. The offering includes a 10-unit apartment complex at 631 NE Oak St, featuring ten 3-bedroom, 1-bath units. Additionally, there is a newer 12-unit storage building and a single-family home at 640 NE Gray Lane with 5 bedrooms and 1 bath. The apartment units are in good condition, featuring a consistent rental history and functional floor plans. The property has been maintained over time, providing a stable ownership opportunity near campus amenities, transit routes, and employment centers. The additional storage units offer supplemental income potential, while the nearby single-family home adds flexibility for rental, owner occupancy, or management use. This multi-component investment property is situated in a convenient Pullman location. The property size is approximately 10000 square feet. Buyers are encouraged to verify all square footage and unit details to their satisfaction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Pullman
    County
    Whitman
    State
    Washington
    Longitude
    -117.171697
    Latitude
    46.732146

    Nearby Similar for Sale

    • $620,000
      1,694 SF

      Income Property Near WSU Campus

      Six income-producing units near Reaney Park and Washington State University.
      630-634 NE Gray Ln, Pullman, WA 99163
      View Details
    • $649,000
      3,080 SF

      Triplex Near WSU Campus

      Fully rented triplex near Washington State University campus.
      935 NE C St, Pullman, WA 99163
      View Details
    • $695,000
      Pending

      Pullman WA Industrial Property

      Industrial property for sale in Pullman, Washington.
      2255 NE Hopkins Ct, Pullman, WA 99163
      View Details
    • $265,000
      Pending

      Retail Space in Pullman, WA

      Retail property for sale in Pullman, Washington's Professional Mall.
      1205 SE Professional Mall Blvd, Pullman, WA 99163
      View Details
    • $399,000
      0.18 Acres

      Retail Opportunity in Pullman, WA

      Retail property for sale in Pullman, Washington.
      360 S Grand Ave, Pullman, WA 99163
      View Details
    • $669,000
      Pending

      Pullman, WA Office For Sale

      Office property for sale in Pullman, Washington.
      1240 SE Bishop Blvd, Pullman, WA 99163
      View Details
    • Contact for pricing

      Retail Space in Pullman, WA

      Retail property for sale in Pullman, Washington's commercial district.
      1450 S Grand Ave, Pullman, WA 99163
      View Details
    • New
      $700,000
      5,000 SF

      Well-Maintained Fourplex in Pullman, WA

      Fourplex with diverse units, ideal for investors or owner-occupants.
      150 NW Larry St, Pullman, WA 99163
      View Details
    • New
      $525,000
      1,555 SF

      Charming Duplex Near Campus

      Well-maintained duplex with studio, near campus, strong rental history.
      435 NE Howard Dr, Pullman, WA 99163
      View Details
    • $3,000,000
      1.34 Acres

      Office Property in Pullman, WA

      Office property for sale in Pullman, Washington.
      1095 SE Bishop Blvd, Pullman, WA 99163
      View Details
    • $1,200,000
      0.39 Acres

      Pullman Retail Opportunity For Sale

      Retail property available for purchase in Pullman, Washington.
      1001-1005 NW Nye St, Pullman, WA 99163
      View Details
    • $595,000
      3 SF

      Cannabis-Zoned Investment Property For Sale

      Fully leased, cannabis-zoned investment near Washington State and University of Idaho.
      5602 Wa-270, Pullman, WA 99163
      View Details

    FAQs

    What type of property is this?
    Apartment building - Income-producing property near WSU campus with apartments, storage, and house.
    Where is this apartment building located?
    The property is located at 631 NE Oak St Pullman, WA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: - Income-producing property near WSU campus.; - Ten 3-bedroom, 1-bath apartment units with consistent rental history.; - Newer 12-unit storage building for supplemental income.
    (509) 332-4546
    Request Owner's contact information
    631 NE Oak St Pullman, WA 99163
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    631 NE Oak St
    Pullman, WA 99163
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    631 NE Oak St Pullman, WA 99163
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Pitzer
    Real Estate License ID: 18161
    (509) 332-4546
    Learn more
    Google sign-in failed. Please try again or use another login method.