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Property profile & analytics
OFF-MARKET
Estimated value
$1,605,000
Apartment buildings
5607 Boston SW Ave, Lakewood, WA 98499-3269
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US90-1353386
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Construction
WOOD FRAME
Total area
8,752 SF
Lot
1.09 ac (47,480 SF)
Zoning code
MF1
APN
219114063
UPID
US90-1353386
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
-
Lakewood Estates Apartment Complex
-
Smart Auto Move of Washington Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.63M
Comparable Approach
Comparable
$984k
Blend (final)
Blend
$1.61M
Owner & transaction history
Soli Investments LLC · 10 yrs held
Soli Investments LLC
since 2016
7 recorded transactions
Zoning & alternative use
MF1 · Lakewood, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Lakewood submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lakewood 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,765,000
6.5%
$1,630,000
7%
$1,515,000
Blend value · Realmo final
$1.61M
Range $1.44M – $1.77M · ±10%
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
$183 / 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
$37,987
Tax year 2024
Assessed value
$3,492,000
Assessed 2024
Previous assessed
$3,492,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,496,200
Assessed improvement
$995,800
Land market value
$2,496,200
Improvement market value
$995,800
Total market value
$3,492,000
Applied tax rate
760.0000
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
Off-Market
Year built
1978
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
2
Stories
2
Units
16
Total area
8,752 SF
Lot
1.09 ac (47,480 SF)
Zoning code
MF1
APN
219114063
UPID
US90-1353386
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
MF1 · Lakewood, WA
Zoning MF1 · permitted uses
MF1 · Lakewood, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lakewood. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1978
Construction
WOOD FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
16
Lot
1.09 ac
Current owner
From public records · entity-resolved
Soli Investments LLC
Entity
Mailing address
PO BOX 84622, SEATTLE, WA 98124-5922
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 13, 2016
$1,449,719
Soli Investments LLC
Lakewood Estate Investments LLC
Warranty Deed
$1,087,500 · First American Title Insurance
Apr 13, 2007
—
Lakewood Estate Invs LLC
Trinh,can & Monica
Quit Claim Deed
related
—
Feb 26, 2007
—
Lakewood Estate Invs LLC
Trinh,can & Monica
Quit Claim Deed
related
—
Aug 30, 2006
$1,349,000
Can N Trinh
Dale F Kartes
Warranty Deed
$800,000 · Washington Federal Savings
Feb 12, 1999
$170,000
Kravitz Yamamura Duncan Davies
Salamanca,jose C & Zenaida B
Grant Deed
—
Apr 28, 1993
$616,000
Jose Salamanca
Unknown
Grant Deed
—
Nov 18, 1988
$627,000
Et Al Yamamura
Afb,assc
Grant Deed
$450,000 · United Bk
—
—
Dale F Kartes
—
Deed Of Trust
related
$525,000 · Washington Federal Savings
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.
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