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Property profile & analytics
OFF-MARKET Estimated value $585,000
Apartment buildings

3210 Morrison W Rd University Place, WA 98466-4570

5,008 SF 0.31 ac lot Built 1990
Individually Owned 19-yr Hold Absentee Owner
Property ID
US90-1716164
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1990
Construction FRAME
Total area 5,008 SF
Lot 0.31 ac (13,450 SF)
Zoning code MF
APN 8867200020
UPID US90-1716164
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
$585k
Owner & transaction history
Craig E Johnson · 19 yrs held
Craig E Johnson
since 2007
5 recorded transactions
2007
$625,000
2003
$367,700
2001
Price N/A
1993
$225,000
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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