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Property profile & analytics
OFF-MARKET
Apartment buildings
1608 Washington St Sumner, WA 98390-2005
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US90-1598576
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1975
Construction
WOOD FRAME
Total area
7,616 SF
Lot
0.69 ac (29,890 SF)
Zoning code
MDR
APN
420244192
UPID
US90-1598576
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
-
Station Place Townhomes Apartment Complex
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
Station Townhomes LLC · 4 yrs held
Station Townhomes LLC
since 2022
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
MDR · Sumner, 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 Sumner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sumner 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
$50,864
Tax year 2024
Assessed value
$4,925,200
Assessed 2024
Previous assessed
$4,925,200
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$868,000
Assessed improvement
$4,057,200
Land market value
$868,000
Improvement market value
$4,057,200
Total market value
$4,925,200
Applied tax rate
117.0000
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
1975
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Buildings
2
Stories
2
Units
16
Total area
7,616 SF
Lot
0.69 ac (29,890 SF)
Zoning code
MDR
APN
420244192
UPID
US90-1598576
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MDR · Sumner, WA
Zoning MDR · permitted uses
MDR · Sumner, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sumner. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1975
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Buildings
2
Units
16
Lot
0.69 ac
Current owner
From public records · entity-resolved
Station Townhomes LLC
Entity
Mailing address
2715 64TH AVE NEA, TACOMA, WA 98422-3352
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
$5,371,000
Station Townhomes LLC
Station Place Townhomes LLC
Warranty Deed
$2,700,000 · Washington Trust Bank
Jun 17, 2020
$2,373,400
Station Place Townhomes LLC
Roger Brenneise
Warranty Deed
$2,160,000 · Alaska USA FCU
Dec 3, 2018
—
Brenneise Trust
Brenneise Trust
Quit Claim Deed
related
$775,000 · Christopher R Collins
Dec 11, 2017
—
Brenneise Trust
—
Deed
related
$612,000 · Washington Fed'l Svgs
Dec 21, 2005
—
Brenneise Trust
Brenneise,mitchell D & Caroline
Quit Claim Deed
related
—
Feb 8, 1990
$425,000
Mitchell D Brenneise
Unknown
Grant Deed
—
—
—
Mitchell D Brenneise
—
Deed Of Trust
related
$82,336 · Bank Of Sumner
—
—
Mitchell D Brenneise
—
Deed Of Trust
related
$575,000 · Washington Federal Savings
—
—
Brenneise Trust
—
Loan Modification
related
$612,000 · Washington Fed'l Svgs
—
—
Michell D Brenneise
—
Deed Of Trust
related
$525,000 · Washington Federal Savings
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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