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Property profile & analytics
OFF-MARKET Estimated value $560,000
Apartment buildings

3225 56th St Gig Harbor, WA 98335-8232

5,280 SF 0.88 ac lot Built 1978
Entity Owned 17-yr Hold Free & Clear
Property ID
US90-0685658
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1978
Construction WOOD FRAME
Total area 5,280 SF
Lot 0.88 ac (38,125 SF)
Zoning code C-1
APN 221172038
UPID US90-0685658
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
$738k
Blend (final) Blend
$560k
Owner & transaction history
Dc Apartments LLC · 17 yrs held
Dc Apartments LLC
since 2009
4 recorded transactions
2009
Price N/A
2007
Price N/A
2006
$650,000
2005
Price N/A
Zoning & alternative use
C-1 · Gig Harbor, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Junkyards, auto wrecking yards and garbage dumps are not allowed in the C-1 district. 20 Clubs in the WM zone shall not serve alcoholic beverages and shall not operate a grill or deep-fat fryer. 21 Independent living facilities are conditionally allowed in the ED zone only when in combination with assisted living facilities, skilled nursing facilities or hos…

Zone name Commercial District
General category COMMERCIAL
Zone area 53.42 ac
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