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Property profile & analytics
OFF-MARKET
Apartment buildings
102 5th Ave Milton, WA 98354-9699
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US90-1048204
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2000
Construction
WOOD FRAME
Total area
14,196 SF
Lot
8.96 ac (390,298 SF)
Zoning code
RS
APN
420051013
UPID
US90-1048204
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Copper Creek Apartments Apartment Complex Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tlus Rise Milton Copper LP · 2 yrs held
Tlus Rise Milton Copper LP
since 2023
Last sale
$48.7M
7 recorded transactions
Zoning & alternative use
RS · Milton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
Parking or storage of recreational vehicles, watercraft or utility trailers for compensation is not permitted within a residential zone (RS, RM, or RMD). This subsection does not apply to storage facilities provided exclusively for tenants of multifamily dwelling complexes. D. No recreational vehicle may be used as an accessory structure to a residence or op…
Zone name
Residential District
General category
RESIDENTIAL
Zone area
897.61 ac
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Milton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Milton submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$473,472
Tax year 2024
Assessed value
$47,435,100
Assessed 2024
Previous assessed
$47,435,100
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$18,281,400
Assessed improvement
$29,153,700
Land market value
$18,281,400
Improvement market value
$29,153,700
Total market value
$47,435,100
Applied tax rate
79.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Status
Off-Market
Year built
2000
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
YES
Buildings
15
Stories
3
Units
12
Total area
14,196 SF
Lot
8.96 ac (390,298 SF)
Zoning code
RS
APN
420051013
UPID
US90-1048204
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RS · Milton, WAZoning RS · permitted uses
RS · Milton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
Parking or storage of recreational vehicles, watercraft or utility trailers for compensation is not permitted within a residential zone (RS, RM, or RMD). This subsection does not apply to storage facilities provided exclusively for tenants of multifamily dwelling complexes. D. No recreational vehicle may be used as an accessory structure to a residence or operating business, nor to accommodate a residential accessory use. ( Ord. 1717
Zone name
Residential District
General category
RESIDENTIAL
Zone area
897.61 ac
Building & site characteristics
From public records
Year built
2000
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
3
Buildings
15
Units
12
Lot
8.96 ac
Current owner
From public records · entity-resolved
Tlus Rise Milton Copper LP
Entity
Mailing address
1518 1ST AVE S STE #500, SEATTLE, WA 98134-1456
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2023
$48,296,286
Tlus Rise Milton Copper LP
Rise Properties Copper Holdings LLC
Special Warranty Deed
$21,240,000 · The Western And Southern Life Insurance
Oct 17, 2018
$35,400,000
Rise Properties LP
Apartment Assocs Of Pierce Cnt
Grant Deed
$21,240,000 · Western & Sthrn Life Ins Co
Sep 30, 2016
—
Apartment Associates Of Pierge Coun
—
Deed
related
$19,700,000 · Opus Bank
Mar 31, 2003
$145,160
Apartment Associates Of Pierce
Enchanted/5th Associates LP
Grant Deed
—
Nov 21, 2001
—
Enchanted/5th Assn
—
Deed Of Trust
related
$309,000 · Homestreet Bank
Nov 13, 2000
—
Enchanted/5th Associates LP
—
Deed Of Trust
related
$10,908,000 · Homestreet Bank
Mar 29, 1999
—
Enchanted/5th Associates LP
—
Deed Of Trust
related
$9,000,000 · Seafirst Bank
Dec 16, 1998
—
Enchanted/5th Associates LP
Sand Twenty Partnership
Grant Deed
related
—
—
—
Apartment Associates Of Pierce
—
Deed Of Trust
related
$406,285 · Pierce Commercial Bank
—
—
Apartment Assocs Of Pierce Cnty L
—
Deed Of Trust
related
$815,000 · Homestreet Bank
—
—
Apartment Assocs Of Pierce Cnty L
—
Deed Of Trust
related
$12,019,000 · Homestreet Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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