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Property profile & analytics
OFF-MARKET
Apartment buildings
5816 186th E Ave, Lake Tapps, WA 98391-6895
Entity Owned
1-yr Hold
Property ID
US90-1383547
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
FRAME
Total area
3,400 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RSV5
APN
520217110
UPID
US90-1383547
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
by Request
Owner & transaction history
4 Plex West Tapps LLC · 1 yrs held
4 Plex West Tapps LLC
since 2025
7 recorded transactions
Zoning & alternative use
RSV5 · Lake Tapps, 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 Lake Tapps submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Tapps 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$8,715
Tax year 2024
Assessed value
$810,400
Assessed 2024
Previous assessed
$810,400
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$258,400
Assessed improvement
$552,000
Land market value
$258,400
Improvement market value
$552,000
Total market value
$810,400
Applied tax rate
378.0000
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
1991
Construction
FRAME
Heating
BASEBOARD
Cooling
CENTRAL
Stories
2
Units
4
Bathrooms
4
Total area
3,400 SF
Lot
1.1 ac (47,916 SF)
Zoning code
RSV5
APN
520217110
UPID
US90-1383547
Jurisdiction
PIERCE
Metro division
TACOMA, WA METROPOLITAN DIVISION
Zoning & alternative use
RSV5 · Lake Tapps, WA
Zoning RSV5 · permitted uses
RSV5 · Lake Tapps, WA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake Tapps. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1991
Construction
FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
2
Units
4
Bathrooms
4
Lot
1.1 ac
Current owner
From public records · entity-resolved
4 Plex West Tapps LLC
Entity
Mailing address
1016 N 33RD ST, RENTON, WA 98056-1946
Ownership since
2025
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
May 14, 2025
—
4 Plex West Tapps LLC
Shawn S Maddox
Warranty Deed
—
Jun 24, 2022
$950,000
Heather Maddox
Bonney Lake 4plex LLC
Warranty Deed
$712,500 · Caliber Home Loans INC
Jan 13, 2021
—
Bonney Lake 4plex LLC
Eric W Boston
Quit Claim Deed
related
—
May 8, 2019
$725,000
Nadine Boston Brittisha
John E Hill
Warranty Deed
$543,750 · Umpqua Bank
May 12, 2017
$579,669
John E Hill
Earl R Minard
Warranty Deed
—
Jun 10, 2003
$339,000
Earl R Minard
Hemzacek,roy R & Purita
Grant Deed
$271,200 · Washington Mutual Fsb
Feb 28, 1994
$185,000
Roy R Hemzacek
Youngberg Trust
Grant Deed
$37,977 · Real Estate Exchange
—
—
Earl R Minard
—
Deed Of Trust
related
$300,000 · Countrywide Bank
—
—
Roy R Hemzacek
—
Deed Of Trust
related
$172,500 · First Savings Bank Renton
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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