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    Property profile & analytics
    OFF-MARKET Estimated value $440,000
    Apartment buildings

    7401 Hl Ave Gig Harbor, WA 98335-1209

    3,300 SF 0.23 ac lot Built 1968
    Individually Owned 4-yr Hold
    Property ID
    US90-0524664
    Google Maps
    Property profile
    Verified
    Property type Apartment buildings
    Use group APARTMENT HOUSE (5+ UNITS)
    Year built 1968
    Construction BRICK
    Total area 3,300 SF
    Lot 0.23 ac (10,000 SF)
    Zoning code R-2
    APN 5240000141
    UPID US90-0524664
    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
    $485k
    CAP Approach CAP
    $615k
    Comparable Approach Comparable
    $461k
    Blend (final) Blend
    $440k
    Owner & transaction history
    Donald G Arsenault · 4 yrs held
    Donald G Arsenault
    since 2022
    Last sale
    $600,000
    2 recorded transactions
    2022
    Price N/A
    2020
    $600,000
    Zoning & alternative use
    R-2 · Gig Harbor, WA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Zoning description

    Medium-Density Residential (R-2) 17.21 Planned Community Development Medium Density Residential (RMD) 17.24 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.…

    Zone name Medium Density Residential
    General category RESIDENTIAL
    Zone area 393.12 ac
    Source Ch. 17.16 Single-Family Residential (R-1) | Gig Harbor Municipal Code
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