Updated Triplex with Private
For Sale
$1,099,000
105 96TH, Tacoma, WA 98445
Fully leased multifamily property with remodeled interiors, dedicated parking, and private storage.
Property Size2,936 SF
Price / SF$374.32
Days on Market180
Property Features for 105 96TH
General Information
Standard status
Active
Size
2,936 SF
Property subtype
Multi-family
Building Details
Year Built
1986
Listing Agency:
Skyline Properties,Inc.
Listed By:
Eric Johnson
(206) 550-4573
Source:
Skylineproperties
Added: Apr 15
Changed: Oct 11
Last Checked: Oct 11 at 10:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Skyline Properties,Inc.
Investment Insights
Based on property information with market context.
This triplex at 105 E 96th St in Tacoma, WA includes two 2-bedroom, 1-bath residences and a newly remodeled 4-bedroom, 2-bath unit. The two smaller units feature private balconies, while the larger residence includes two hot water tanks, two washer and dryer hookups, an internal parking space, and substantial private storage. All three units are occupied.
Building improvements include professional interior and exterior painting completed 5 months ago, windows replaced within the last 20 months, a 3-year-old roof, and new spray foam roof insulation. Additional features include a full 360° security system, an epoxied garage floor, a new garage door opener, and appliances less than 3 years old.
The property provides 8 parking stalls in total, including 7 external spaces and 1 internal garage space. It also offers dedicated parking arrangements for the two smaller units and private storage connected to the larger unit.
Building improvements include professional interior and exterior painting completed 5 months ago, windows replaced within the last 20 months, a 3-year-old roof, and new spray foam roof insulation. Additional features include a full 360° security system, an epoxied garage floor, a new garage door opener, and appliances less than 3 years old.
The property provides 8 parking stalls in total, including 7 external spaces and 1 internal garage space. It also offers dedicated parking arrangements for the two smaller units and private storage connected to the larger unit.
Key Highlights
- Three‑unit property with two 2‑bedroom, 1‑bath residences and one 4‑bedroom, 2‑bath unit
- 8 parking stalls total: 7 external spaces plus 1 internal garage space
- Private balconies accompany both 2‑bedroom units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,683
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,660
$773.7K
Cap Rate 7%
$552,614
$552.6K
Cap Rate 9%
$429,811
$429.8K
Market Conditions
NOI Build-Up for 2,936 SF
Gross rent
$58.1K $19.80/SF
− Vacancy
−$2.9K −$0.98/SF
EGI
$55.3K $18.82/SF
− OpEx
−$16.6K −$5.65/SF
NOI
$38.7K $13.18/SF
Area
Tacoma, WA
Vacancy
4.94%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,660
Cap Rate 7%
$552,614
Cap Rate 9%
$429,811
Alternative Uses
Best Use
Multifamily LT 5
$552.6K
$483.5K – $644.7K
NOI $38,683 @ 7.0% cap · market cap 3.52%
Second Best
Apartment 5plus
$480.2K
$420.2K – $560.3K
NOI $33,617 @ 7.0% cap · market cap 3.06%
Theoretical Best
Office A
$902.4K
$789.6K – $1.05M
NOI $63,171 @ 7.0% cap · market cap 5.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Explore this area
Business Placement
Demographics for 98445, WA
33,927
Population
12,546
Households
2.7
Avg Household Size
36
Median Age
19%
College-Educated
90%
High-School Grad
10.4 sq mi
ZIP Area
3,262
Density / Sq Mi
$90,063
Median Household Income
$48,574
Median Earnings
$1,721
Median Rent
$413,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully leased multifamily property with remodeled interiors, dedicated parking, and private storage.
Where is this triplex located?
The property is located at 105 96TH Tacoma, WA.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Three‑unit property with two 2‑bedroom, 1‑bath residences and one 4‑bedroom, 2‑bath unit; 8 parking stalls total: 7 external spaces plus 1 internal garage space; Private balconies accompany both 2‑bedroom units
