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Property profile & analytics
OFF-MARKET Estimated value $1,090,000
Apartment buildings

7515 44th W St University Place, WA 98466-3701

7,836 SF 4.83 ac lot Built 1974
Entity Owned 7-yr Hold Free & Clear
Property ID
US90-0723270
Property profile
Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (100+ UNITS)
Year built 1974
Construction WOOD FRAME
Total area 7,836 SF
Lot 4.83 ac (210,395 SF)
Zoning code MF
APN 220153203
UPID US90-0723270
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
$960k
CAP Approach CAP
$1.38M
Comparable Approach Comparable
$928k
Blend (final) Blend
$1.09M
Owner & transaction history
Jmc Wa II LLC · 7 yrs held
Jmc Wa II LLC
since 2019
1 recorded transaction
2019
Price N/A
Zoning & alternative use
MF · University Place, WA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

Multifamily Residential - Low (MF-L). Multifamily Residential - Low zones are located along major arterials and transit routes, close to shopping, public facilities and services, and in areas of existing lower density residential development. In the MF-L zone, a maximum building height of 45 feet is allowed. A base density of 35 dwelling units per acre is al…

Zone name Multi Family Residential
General category CIVIC_INSTITUTIONAL
Zone area 119.06 ac
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