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Lords Apartments 329 S 3rd Ave 10 Unit Apartment Building $1,300,000 ($130,000/Unit) 6.38% Cap Rate Walla Walla, WA 99362
Investment Highlights
- High quality renovation appeals to tenants and reduces near-term capital needs.
- Walkable Walla Walla location near downtown amenities, neighborhood services, and major employers.
- Stable financial history offers dependable operating profile and immediate cash flow.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,300,000 | Building Class | C |
| Price Per Unit | $130,000 | Lot Size | 0.38 AC |
| Sale Type | Investment | Building Size | 7,346 SF |
| Cap Rate | 6.38% | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1906/2018 |
| Property Subtype | Apartment | ||
| Zoning | RM | ||
| Price | $1,300,000 |
| Price Per Unit | $130,000 |
| Sale Type | Investment |
| Cap Rate | 6.38% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 7,346 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1906/2018 |
| Zoning | RM |
Amenities
Unit Amenities
- Dishwasher
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
- Carpet
- Vinyl Flooring
Site Amenities
- Vintage Building
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 9 | - | 579 - 929 |
Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 360729720106 | Total Assessment | $1,130,300 |
| Land Assessment | $104,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,025,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
360729720106
Land Assessment
$104,900
Improvements Assessment
$1,025,400
Total Assessment
$1,130,300
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Lords Apartments | 329 S 3rd Ave
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