1043 Byp Dr Pullman, WA 99163
This exceptional 3.88-acre development site, located at 1043 & 1051 SE Bypass Drive, Pullman, Washington 99163, presents a unique opportunity for high-density multifamily construction. Zoned R-4, this property allows for the development of up to 168 multifamily units without requiring additional density increases. The site encompasses a substantial 168,995 square feet and is comprised of two parcels: Lot 1, Block 3, and Lot 2, Block 3, within the Palouse Business Center Sub (APN: 1-1203-00-03-01-0000 and 1-1203-00-03-02-0000 respectively). This prime location in Pullman, WA (zip code 99163) offers significant potential for a lucrative investment. The asking price is $1,433,000 and the sale is structured to accommodate a 1031 exchange. This presents a compelling opportunity for investors seeking a high-yield, multifamily development project in a thriving Washington community. Detailed site plans and zoning information are available upon request. This is a rare chance to acquire a large, well-positioned parcel ready for immediate development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.