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Property profile & analytics
OFF-MARKET Estimated value $435,000
Apartment buildings

3144 Menlo W Dr University Place, WA 98466-4000

2,785 SF 0.31 ac lot Built 1955
Individually Owned 20-yr Hold
Property ID
US90-1170197
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1955
Construction FRAME
Total area 2,785 SF
Lot 0.31 ac (13,300 SF)
Zoning code R1
APN 5785002610
UPID US90-1170197
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
$435k
Owner & transaction history
Ladd L Wikstrom · 20 yrs held
Ladd L Wikstrom
since 2005
7 recorded transactions
2021
Price N/A
2020
Price N/A
2017
Price N/A
2017
Price N/A
2005
$575,000
1998
$268,000
1995
$269,000
Zoning & alternative use
R1 · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Residential 1 (R1). Single-family neighborhoods with areas of middle housing comprise a large percentage of the City’s land area. Consistent with community preferences, protection of these low density residential neighborhoods is a priority in the Comprehensive Plan. To protect and enhance the character of these neighborhoods, properties within them are zone…

Zone name Residential 1
General category CIVIC_INSTITUTIONAL
Zone area 4,100.76 ac
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