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Property profile & analytics
OFF-MARKET Estimated value $575,000
Apartment buildings

3202 Morrison W Rd A University Place, WA 98466-4556

4,878 SF 0.31 ac lot Built 1989
Individually Owned 16-yr Hold
Property ID
US90-0668443
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1989
Construction FRAME
Total area 4,878 SF
Lot 0.31 ac (13,450 SF)
Zoning code MF
APN 8867200010
UPID US90-0668443
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
$575k
Owner & transaction history
Jorge Garcia III · 16 yrs held
Jorge Garcia III
since 2010
7 recorded transactions
2010
$435,000
2002
Price N/A
2002
$280,700
1992
$122,500
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
MF · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Multifamily Residential - Low (MF-L). Multifamily Residential - Low zones are located along major arterials and transit routes, close to shopping, public facilities and services, and in areas of existing lower density residential development. In the MF-L zone, a maximum building height of 45 feet is allowed. A base density of 35 dwelling units per acre is al…

Zone name Multi Family Residential
General category CIVIC_INSTITUTIONAL
Zone area 119.06 ac
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