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Property profile & analytics
OFF-MARKET
Estimated value
$270,000
Apartment buildings
1635 Fir St Port Townsend, WA 98368-3836
Trust Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-2042704
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1971
Construction
FRAME
Total area
4,372 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R-II(SF)
APN
984904502
UPID
US90-2042704
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
$270k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$270k
Owner & transaction history
Labarre,d H & E D 2000 Trust · 11 yrs held
Labarre,d H & E D 2000 Trust
since 2015
2 recorded transactions
Zoning & alternative use
R-II(SF) · Port Townsend, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This district accommodates single-family dwellings (including duplexes, triplexes, and fourplexes) at a density of up to eight units per 40,000-square-foot area (i.e., 5,000-square-foot minimum lot size, or approximately eight dwelling units within one block of platted land)
Zone name
Medium Density Single Family
General category
RESIDENTIAL
Zone area
1,535.36 ac
Source
Realmo
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 Port Townsend submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Port Townsend 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
Method
Estimation
Statistic approach
by Request
ML approach
$270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$270k
Range $243k – $297k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$62 / SF
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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,955
Tax year 2023
Assessed value
$663,531
Assessed 2023
Previous assessed
$629,789
+5.4% YoY
Effective rate
0.90%
On assessed value
Assessed land
$152,447
Assessed improvement
$511,084
Land market value
$152,447
Improvement market value
$511,084
Total market value
$663,531
Applied tax rate
110.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1971
Construction
FRAME
Heating
ELECTRIC
Stories
2
Total area
4,372 SF
Lot
0.23 ac (10,019 SF)
Zoning code
R-II(SF)
APN
984904502
UPID
US90-2042704
Jurisdiction
JEFFERSON
Zoning & alternative use
R-II(SF) · Port Townsend, WAZoning R-II(SF) · permitted uses
R-II(SF) · Port Townsend, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This district accommodates single-family dwellings (including duplexes, triplexes, and fourplexes) at a density of up to eight units per 40,000-square-foot area (i.e., 5,000-square-foot minimum lot size, or approximately eight dwelling units within one block of platted land)
Zone name
Medium Density Single Family
General category
RESIDENTIAL
Zone area
1,535.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1971
Construction
FRAME
Heating
ELECTRIC
Stories
2
Lot
0.23 ac
Current owner
From public records · entity-resolved
Labarre,d H & E D 2000 Trust
Trust
Mailing address
206 S BLANCHE ST, OJAI, CA 93023-3236
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 10, 2015
$506,781
Labarre,d H & E D 2000 Trust
Lyon Christopher B & Margie M
Warranty Deed
$320,000 · Firefighters First Cu
Feb 15, 2008
$450,000
Christopher B Lyon
Sidle Carl D & Susan B Trust
Warranty Deed
$337,500 · Westsound 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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