Turnkey Duplex with Private
11215 89TH Puyallup, WA 98373
For Sale
$595,000
Fully occupied duplex featuring two 2-bedroom layouts, each with in-unit laundry and a private 1-car garage.
Property Size1,768 SF
Price / SF$336.54
Days on Market54
Property Features for 11215 89TH
General Information
- Standard status
- Active
- Size
- 1,768 SF
- Property subtype
- Multi-family
Building Details
- Year Built
- 1984
Listing Agency:
Skyline Properties,Inc.
(425) 941-9733
Listed By:
Kurt Kettel
(425) 941-9733
Source:
Skylineproperties
Added: Jun 3
Changed: Jul 25
Last Checked: Jul 25 at 10:58AM
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 turnkey duplex-rambler is fully occupied, with the owner living in unit 11215. Each spacious unit offers a functional 2-bedroom, 1-bathroom layout with in-unit laundry and a private 1-car garage, plus dedicated patio space. Recent improvements include brand new electric panels, and additional updates mentioned for unit 11215 include new kitchen and entry flooring and a new dishwasher.
The property is set on a sunny, private lot bordered by mature trees and a fully fenced backyard with a deck. The duplex is located on a quiet dead-end street in South Hill, near Costco, shopping, and major commuter routes (Hwy 512 & 167). The current occupancy and track record are described as having zero historical vacancies.
Overall, the building configuration supports straightforward, low-maintenance operations, with yard and outdoor space designed for everyday resident use.
The property is set on a sunny, private lot bordered by mature trees and a fully fenced backyard with a deck. The duplex is located on a quiet dead-end street in South Hill, near Costco, shopping, and major commuter routes (Hwy 512 & 167). The current occupancy and track record are described as having zero historical vacancies.
Overall, the building configuration supports straightforward, low-maintenance operations, with yard and outdoor space designed for everyday resident use.
Key Highlights
- 1984‑built, fully occupied duplex with two 2‑bedroom, 1‑bathroom units
- Each unit includes a private 1‑car garage, in‑unit laundry, and dedicated patio space
- Brand new electric panels and fully updated electrical throughout both units
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $35.6k | $20.16 |
| − Vacancy | −$2.5k | −$1.42 |
| EGI | $33.1k | $18.74 |
| − OpEx | −$9.9k | −$5.62 |
| NOI | $23.2k | $13.12 |
1,768 SF · lease $20.16/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.4K
$290.0K – $386.6K
NOI $23,196 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$305.6K
$267.4K – $356.6K
NOI $21,395 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$477.5K
$417.8K – $557.1K
NOI $33,426 @ 7.0% cap · market cap 5.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Fully occupied duplex featuring two 2-bedroom layouts, each with in-unit laundry and a private 1-car garage.
Where is this duplex located?
The property is located at 11215 89TH Puyallup, WA.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 1984‑built, fully occupied duplex with two 2‑bedroom, 1‑bathroom units; Each unit includes a private 1‑car garage, in‑unit laundry, and dedicated patio space; Brand new electric panels and fully updated electrical throughout both units
