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    Property profile & analytics
    OFF-MARKET Estimated value $2,860,000
    Apartment buildings

    7314 Stinson Ave Gig Harbor, WA 98335-1171

    14,469 SF 3.49 ac lot Built 1977
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US90-1753383
    Google Maps
    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 1977
    Construction WOOD FRAME
    Total area 14,469 SF
    Lot 3.49 ac (151,850 SF)
    Zoning code R-3
    APN 221071155
    UPID US90-1753383
    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
    • The Magnolias on Stinson Condominium Complex Condominium Rental Agency
    • Blunck Siding Construction Company General Contractor
    2 occupants on record
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $2.70M
    Comparable Approach Comparable
    $1.83M
    Blend (final) Blend
    $2.86M
    Owner & transaction history
    Stinson Avenue LLC · 16 yrs held
    Stinson Avenue LLC
    since 2010
    7 recorded transactions
    2022
    Price N/A
    2020
    Price N/A
    2020
    Price N/A
    2010
    Price N/A
    1969
    Price N/A
    1969
    Price N/A
    1969
    Price N/A
    Zoning & alternative use
    R-3 · Gig Harbor, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Zoning description

    Multiple-Family Residential (R-3) 17.28 Residential and Business District (RB-1) 17.30 Residential and Business District (RB-2) 17.31 Downtown Business District (DB) 17.32 Neighborhood Commercial District (B-1) 17.36 General Business District (B-2) 17.40 Commercial District (C-1) 17.41 Planned Community Development Commercial (PCD-C) 17.45 Employment Distric…

    Zone name Multiple Family Residential
    General category RESIDENTIAL
    Zone area 49.39 ac
    Source Ch. 17.16 Single-Family Residential (R-1) | Gig Harbor Municipal Code
    Top alternative use upside
    Commercial (general) $4.7M +36.8%
    Retail stores $4.4M +29.7%
    Warehouse, storage $4.3M +26.4%
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