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Property profile

1043 Byp Dr Pullman, WA 99163

OFF-MARKET
Land
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1043 Byp Dr Pullman, WA 99163
Pullman metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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