Building Details

Year Built 1917

Listing Agency: Keller Williams Realty PS

Listed By: Anna McClusky · License #27994 Show Phone

Source: Nwwashingtonhomesforsale

Added: May 28 Changed: Oct 1 Last Checked: Oct 16 at 9:34AM

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Investment Insights

Based on property information with market context.

Built in 1917, this duplex contains two separate residences with distinct configurations. Unit A spans two stories and offers three bedrooms, one bathroom, a full kitchen, in-unit washer and dryer, and a covered front porch. Unit B occupies the lower level and includes two bedrooms and one bathroom following recent updates.

The property provides three off-street parking spaces, with additional street parking available. Residents also have access to a shared garden area and outdoor space on the lot. Located on S 25th St in Tacoma, the property combines established residential construction with separate living areas and practical site amenities.

Key Highlights

• Two‑unit duplex built in 1917
• Unit A: 3 bedrooms, 1 bathroom, two stories, full kitchen, and in‑unit W/D
• Unit B: 2 bedrooms and 1 bathroom on the lower level; recently updated

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,638

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$492,760 $492.8K

Cap Rate 7%

$351,971 $352.0K

Cap Rate 9%

$273,756 $273.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,870 SF

Gross rent

$37.0K $19.80/SF

− Vacancy

−$1.8K −$0.98/SF

EGI

$35.2K $18.82/SF

− OpEx

−$10.6K −$5.65/SF

NOI

$24.6K $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%

$492,760

Cap Rate 7%

$351,971

Cap Rate 9%

$273,756

Alternative Uses

Best Use

Multifamily LT 5

$352.0K

$308.0K – $410.6K (±1% cap)

NOI $24,638 @ 7.0% cap · market cap 4.93%

Second Best

Apartment 5plus

$305.9K

$267.6K – $356.9K (±1% cap)

NOI $21,411 @ 7.0% cap · market cap 4.28%

Theoretical Best

Office A

$574.8K

$502.9K – $670.6K (±1% cap)

NOI $40,235 @ 7.0% cap · market cap 8.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Florist Locksmith Bakery Barber Shop Cosmetic Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,741

Businesses Nearby

Explore this area Business Placement

Demographics for 98405, WA

24,617

Population

11,645

Households

2.1

Avg Household Size

37

Median Age

31%

College-Educated

94%

High-School Grad

4.1 sq mi

ZIP Area

6,004

Density / Sq Mi

$80,024

Median Household Income

$51,028

Median Earnings

$1,480

Median Rent

$443,800

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Duplex - Two-unit residential property with a leased upper residence, updated lower-level space, and shared outdoor areas.

Where is this duplex located?

The property is located at 1110 S 25th St Tacoma, WA.

What is the asking price?

The asking price for this property is $500,000.

What are key features of this property?

This property features: Two‑unit duplex built in 1917; Unit A: 3 bedrooms, 1 bathroom, two stories, full kitchen, and in‑unit W/D; Unit B: 2 bedrooms and 1 bathroom on the lower level; recently updated