Entity Owned Property summary
This exceptional 12-unit apartment building in University Place, Washington, presents a compelling investment opportunity. Built in 1957 and situated on a 0.99-acre lot (42,216 sq ft) at 6807 Lakewood Dr W, 98467, this property boasts a prime location adjacent to the Meadow Park Golf Course. The two, one-story buildings comprise efficiently designed one-bedroom, one-bathroom units, each averaging 11,700 square feet. Recent upgrades include modernized interiors featuring hard surface… countertops, stainless steel appliances, new cabinets, new luxury vinyl plank (LVP) flooring, and updated bathroom and kitchen fixtures. Significant improvements have also been made to the building's infrastructure, encompassing updated plumbing, electrical systems, roof, siding, and landscaping. Currently operating with a 6.49% cap rate and a pro-forma cap rate of 7.99%, this property offers investors a strong cash flow, low projected capital expenditures, and an attractive cost per unit of $150,000. The wood-frame construction and the lightly upgraded unit finishes contribute to the property's overall value and potential for future appreciation. This is a rare chance to acquire a well-maintained, high-performing multifamily asset in a desirable location. The property's APN is 545000620. The asking price is $1,800,000.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 12 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 10 properties nearbyComparable nearby
Similar Nearby for Sale
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 3,360 SF
- Lot area
- 0.99 ac
- Year built
- 1957
- Stories
- 1
- APN
- 5455000620
- Zoning
- MUD
- Assessed value · 2024
- $1,001,500
- Annual tax · 2024
- $12,412
- Auto Repair, Garage
- Commercial (general)
- Apartment House (5+ Units) · current use
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Registration is required before the official district profile is shown.
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
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- Location Insight
- Alternative use
- Local Zoning Insight
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