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Property profile & analytics
OFF-MARKET Estimated value $540,000
Apartment buildings

3218 Morrison W Rd 3224 University Place, WA 98466-4566

4,656 SF 0.31 ac lot Built 1995
Trust Owned 7-yr Hold
Property ID
US90-1612523
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1995
Construction FRAME
Total area 4,656 SF
Lot 0.31 ac (13,450 SF)
Zoning code MF
APN 8867200030
UPID US90-1612523
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
$540k
Owner & transaction history
Pham-nguyen 2018 Family Trust · 7 yrs held
Pham-nguyen 2018 Family Trust
since 2018
7 recorded transactions
2018
Price N/A
2007
$620,000
1995
$47,500
1992
$30,000
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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