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Property profile & analytics
FOR SALE
Apartment buildings
344 7Th St SE, Puyallup, WA 98372
Entity Owned
~
Est. High Equity
Property ID
US90-1694392
No photos on file
For Sale
$3,950,000
344 7Th St SE, Puyallup, WA 98372
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1968
Construction
WOOD FRAME
Total area
17,080 SF
Lot
1.09 ac (47,480 SF)
Zoning code
RM-20
APN
420273007
UPID
US90-1694392
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
Current use
Occupant on record · Public records
-
Esquire Apartments Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.14M
CAP Approach
CAP
$3.18M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$3.19M
Owner & transaction history
Hcre 344 Propco LLC
Hcre 344 Propco LLC
since 2026
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
RM-20 · Puyallup, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.3M
+62.4%
Medical building
$4.7M
+43.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Puyallup submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Puyallup submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,000,000
ML approach
$3,135,000
CAP Approach
CAP Return
Estimation
6%
$3,445,000
6.5%
$3,180,000
7%
$2,955,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$3,270,000
Current use
RETAIL STORES
$5,310,000
Change: +62% · Conversion: Difficult
MEDICAL BUILDING
$4,690,000
Change: +43% · Conversion: Moderate
Blend value · Realmo final
$3.19M
Range $2.87M – $3.50M · ±10% · vs last sale $3.30M (Feb 19 2026)
Last sale anchor
$3.30M
Feb 19 2026
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$186 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$38,656
Tax year 2024
Assessed value
$3,724,000
Assessed 2024
Previous assessed
$3,724,000
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,370,200
Assessed improvement
$2,353,800
Land market value
$1,370,200
Improvement market value
$2,353,800
Total market value
$3,724,000
Applied tax rate
96.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1968
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
2
Units
23
Total area
17,080 SF
Lot
1.09 ac (47,480 SF)
Zoning code
RM-20
APN
420273007
UPID
US90-1694392
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RM-20 · Puyallup, WA
Zoning RM-20 · permitted uses
RM-20 · Puyallup, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Puyallup. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$3.3M
RETAIL STORES
Est. value
$5.3M
MEDICAL BUILDING
Est. value
$4.7M
APARTMENT HOUSE (5+ UNITS) Current
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1968
Construction
WOOD FRAME
Heating
ELECTRIC
Stories
2
Units
23
Lot
1.09 ac
Current owner
From public records · entity-resolved
Hcre 344 Propco LLC
Entity
Mailing address
5700 6TH AVE S STE #203, SEATTLE, WA 98108-2510
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 19, 2026
$3,300,000
Hcre 344 Propco LLC
Esquire 23 LLC
Warranty Deed
$2,909,520 · Seattle Metropolitan Cu
Nov 5, 2020
$3,695,200
Esquire 23 LLC
Audrey Apartments LLC
Warranty Deed
$2,918,000 · Coastal Community Bank
Oct 11, 2016
—
Audrey Apartments LLC
—
Deed
related
$1,397,500 · Jpmorgan Chase Bank NA
Aug 1, 2016
$2,150,000
Audrey Apartments LLC
Puyallup Esquire Apartments Ll
Warranty Deed
—
Mar 30, 2012
—
Kathryn A Campbell
Vincents Apartment Washer Svc
Quit Claim Deed
related
—
Mar 30, 2012
$1,300,000
Puyallup Esquire Apartments LLC
Kathryn A Campbell
Warranty Deed
$1,000,000 · Centerline Mortgage Capital INC
Sep 27, 1994
—
Esquire Apartments LP
Glaser Trust
Quit Claim Deed
related
—
—
—
Kathryn A Campbell
—
Deed Of Trust
related
$875,000 · Rainier Pacific Bank
—
—
Kathryn A Campbell
—
Deed Of Trust
related
$58,955 · David R Ford
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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