201 Palouse St Walla Walla, WA 99362-3024
Property profile & analytics
201 Palouse St Walla Walla, WA 99362-3024
- Apartment buildings
- 6,944 SF
- 0.33 lot acres
Property ID
US90-1966184
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 201 Palouse St
- Year built
- 1961
- Lot size
- 0.33 lot acres
- Property size
- 6,944 SF
- Property type
- Apartment buildings
- APN
- 360720750008
- APU
- 360720750008
Description
This exceptional 7-unit apartment building, known as The Terrace, presents a compelling investment opportunity in the heart of Walla Walla, Washington. Located at 201 S Palouse St, this meticulously renovated property boasts 6,930 square feet of net rentable space within a 990-square-foot building on a 0.33-acre lot. Built in 1961 and completely renovated in 2022, The Terrace offers a blend of classic charm and modern luxury. Each of the seven units features a desirable townhouse-style layout, encompassing two stories, two bedrooms, and a full bathroom upstairs. The main floor includes a kitchen, living room, laundry area, and a half-bath. High-end finishes throughout include stainless steel appliances and granite countertops. Residents enjoy covered parking (one space per unit) and a private fenced backyard. The property's prime location near downtown Walla Walla and Whitman College ensures high occupancy rates and strong rental demand. The current pro-forma NOI is $104,764, resulting in a 5.82% pro-forma cap rate. Further income potential exists through the rental of parking and storage units. The property is zoned RM and has an APN of 360720750008. This turnkey asset represents a rare opportunity to acquire a high-quality, income-generating property in a thriving Washington community. The asking price is $1,800,000.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $2,175,000
- ML approach
- $2,120,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,348,000
Market price range: $124k - $2.09M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Walla Walla
- County
- Walla Walla
- State
- Washington
- Longitude
- -118.332
- Latitude
- 46.0669
- CBSA code
- 47460
- CBSA name
- WALLA WALLA, WA MICROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2021
$3,845
$86,600
$895,500
$982,100
-
$86,600
$895,500
$982,100
