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Property profile & analytics
OFF-MARKET
Apartment buildings
1221 Fife Way Milton, WA 98354
Entity Owned
2-yr Hold
Property ID
US90-3309954
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Construction
FRAME
Total area
2,674 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R2-SRD
APN
2745001950
UPID
US90-3309954
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
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
Lowry Rentals 1221 646 LLC · 2 yrs held
Lowry Rentals 1221 646 LLC
since 2023
Last sale
$399,719
7 recorded transactions
Zoning & alternative use
R2-SRD · Milton, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$8,061
Tax year 2024
Assessed value
$724,700
Assessed 2024
Previous assessed
$724,700
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$286,000
Assessed improvement
$438,700
Land market value
$286,000
Improvement market value
$438,700
Total market value
$724,700
Applied tax rate
5.0000
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 (5+ UNITS)
Status
Off-Market
Year built
1910
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
2,674 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R2-SRD
APN
2745001950
UPID
US90-3309954
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
R2-SRD · Milton, WAZoning R2-SRD · permitted uses
R2-SRD · Milton, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lowry Rentals 1221 646 LLC
Entity
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 27, 2023
—
Lowry Rentals 1221 646 LLC
John E Lowry
Intrafamily Transfer
related
—
Nov 12, 2020
—
John E Lowry
—
Deed
related
$637,500 · Commencement Bk
Feb 26, 2016
$399,719
John E Lowry
Stephanie Gildred
Warranty Deed
$300,000 · Commencement Bank
Apr 2, 2015
—
Gildred,stephanie Trust
Gildred Stephanie A
Quit Claim Deed
related
—
Aug 13, 2004
$370,000
Stephanie A Gildred
Yakabi,j C & Kan
Warranty Deed
$200,000 · Greenpoint Mortgage Funding
Oct 3, 2003
$300,000
Yakabi J C
Uptown Renovations LLC
Grant Deed
$225,000 · Cit Group Consumer Finance INC
Sep 4, 2002
—
Uptown Renovations LLC
Thresher,douglas
Quit Claim Deed
related
—
Aug 22, 2002
—
Douglas Thresher
Uptown Renovations LLC
Quit Claim Deed
related
$203,000 · Rainier Pacific Bank
Apr 27, 2001
$190,000
Uptown Renovation LLC
Walston,kathryn R
Grant Deed
$142,500 · First Savings Bank Renton
—
—
Stephanie A Gildred
—
Deed Of Trust
related
$225,000 · Greenpoint Mortgage Funding
—
—
John E Lowry
—
Loan Modification
related
$637,500 · Commencement Bk
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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