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Property profile & analytics
OFF-MARKET
Apartment buildings
1719 Washington St Sumner, WA 98390-2003
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US90-1109278
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD FRAME
Total area
3,803 SF
Lot
0.27 ac (11,640 SF)
Zoning code
MDR
APN
420244167
UPID
US90-1109278
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
Vbl Rentals LLC · 1 yrs held
Vbl Rentals LLC
since 2025
Last sale
$1.6M
4 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
$6,863
Tax year 2024
Assessed value
$663,600
Assessed 2024
Previous assessed
$663,600
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$301,400
Assessed improvement
$362,200
Land market value
$301,400
Improvement market value
$362,200
Total market value
$663,600
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
1968
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
CENTRAL
Stories
2
Units
4
Total area
3,803 SF
Lot
0.27 ac (11,640 SF)
Zoning code
MDR
APN
420244167
UPID
US90-1109278
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
1968
Construction
WOOD FRAME
Heating
ELECTRIC
Cooling
Yes
Stories
2
Units
4
Lot
0.27 ac
Current owner
From public records · entity-resolved
Vbl Rentals LLC
Entity
Mailing address
1004 MAIN ST, SUMNER, WA 98390-1413
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 22, 2025
—
Oakwood Enterprises LLC
—
Deed
related
$780,000 · American Heritage Lending INC
Apr 15, 2025
$1,550,000
Vbl Rentals LLC
Manya Ross
Warranty Deed
$1,550,000 · L26 Fund I LLC
May 20, 2013
—
Vbl Rentals LLC
Liebergesell,virginia B
Grant Deed
related
—
Jan 29, 2013
—
Vbl Rentals LLC
Liebergesell,virginia B
Grant Deed
—
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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