Duplex with Front
For Sale
$500,000
1110 S 25th Street A/B, Tacoma, WA 98405
Two residential units offer distinct layouts, shared outdoor space, and on-site parking in Tacoma.
Property Size1,920 SF
Price / SF$260.42
Days on Market10
Property Features for 1110 S 25th Street A/B
General Information
Standard status
Active
Size
1,920 SF
Total Parking Spaces
3
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/1BA, 1 x 2BR/1BA
Multifamily Units
2
Amenities
W/D in unit
large front porch
shared garden area
Building Details
Year Built
1917
Listing Agency:
Keller Williams Realty PS
(253) 835-4500
Listed By:
Anna McClusky · License #27994
Source:
Theinspiregroup
Added: Aug 20
Changed: Aug 28
Last Checked: Aug 29 at 11:36AM
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 Keller Williams Realty PS
Investment Insights
Based on property information with market context.
This Tacoma duplex contains 1,920 square feet across two residential units. Unit A provides three bedrooms, one bathroom, two stories, a full kitchen and bath, in-unit washer and dryer, and a large front porch. Unit B is a recently updated lower-level residence with two bedrooms and one bathroom. The property was built in 1917 and includes three parking spaces, along with additional street parking.
Located at 1110 S 25th Street in Tacoma, the property includes a shared backyard garden area and open space. Unit A is occupied under a newly signed lease, while the second unit provides a separate residential layout within the same duplex.
Located at 1110 S 25th Street in Tacoma, the property includes a shared backyard garden area and open space. Unit A is occupied under a newly signed lease, while the second unit provides a separate residential layout within the same duplex.
Key Highlights
- Two‑unit duplex with 1,920 SF of total property size
- Unit A: 3 bedrooms, 1 bathroom, two stories, full kitchen and bath
- Unit B: 2 bedrooms and 1 bathroom in a recently updated lower‑level unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,297
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$505,940
$505.9K
Cap Rate 7%
$361,386
$361.4K
Cap Rate 9%
$281,078
$281.1K
Market Conditions
NOI Build-Up for 1,920 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$38.0K $19.80/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$36.1K $18.82/SF
− OpEx
−$10.8K −$5.65/SF
NOI
$25.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$505,940
Cap Rate 7%
$361,386
Cap Rate 9%
$281,078
Alternative Uses
Best Use
Multifamily LT 5
$361.4K
$316.2K – $421.6K
NOI $25,297 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$314.1K
$274.8K – $366.4K
NOI $21,984 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$590.2K
$516.4K – $688.5K
NOI $41,311 @ 7.0% cap · market cap 8.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct layouts, shared outdoor space, and on-site parking in Tacoma.
Where is this duplex located?
The property is located at 1110 S 25th Street A/B 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 with 1,920 SF of total property size; Unit A: 3 bedrooms, 1 bathroom, two stories, full kitchen and bath; Unit B: 2 bedrooms and 1 bathroom in a recently updated lower‑level unit
