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Property profile & analytics
OFF-MARKET Estimated value $1,080,000
Apartment buildings

7406 31st St W Ct University Place, WA 98466-4596

4,528 SF 0.21 ac lot Built 1981
Individually Owned 2-yr Hold
Property ID
US90-0931847
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1981
Construction FRAME
Total area 4,528 SF
Lot 0.21 ac (9,147 SF)
Zoning code MUO
APN 220108027
UPID US90-0931847
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
$1.14M
CAP Approach CAP
$800k
Comparable Approach Comparable
$740k
Blend (final) Blend
$1.08M
Owner & transaction history
Demirkaya Ender · 2 yrs held
Demirkaya Ender
since 2023
Last sale
$1.3M
7 recorded transactions
2023
$1.3M
2022
Price N/A
2019
Price N/A
2017
Price N/A
2016
$469,719
2006
$573,500
2004
$326,000
Zoning & alternative use
MUO · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Mixed Use - Office (MU-O). It is the City’s intent to create a well-balanced, well-organized combination of land uses that recognizes historic development patterns and protects adjoining residential neighborhoods from incompatible uses. The MU-O classification serves as a transition zone providing separation between more intense commercial activities and res…

Zone name Mixed Use Office
General category MIXED_USE
Zone area 3.55 ac
Top alternative use upside
Auto repair, garage $1.7M +78.3%
Retail stores $1.4M +45.8%
Warehouse, storage $1.4M +44.7%
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