New-Construction 4-Plex
1129 Fawcett Avenue # A-D Tacoma, WA 98402
1129 Fawcett Avenue # A-D, Tacoma, WA, 98402
$1,169,950
For Sale
$1,169,950
Newly built 4-plex configured as two duplexes with in-unit laundry and ductless mini-split heating and cooling.
Property Size3,350 SF
Price / SF$349.24
Days on Market121
Property Features for 1129 Fawcett Avenue # A-D
General Information
- Standard status
- Active
- Size
- 3,350 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2026
Listing Agency
Windermere Prof Partners
(503) 819-6642
Listed by
John Perta
(503) 819-6642
Source
Premierepropertygroup
Added: Mar 19 Checked: Jul 17 at 3:42 am
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 Windermere Prof Partners
Investment Insights
Based on property information with market context.
This newly constructed 4-plex is built as two separate duplexes. The unit mix includes two 2-bedroom, 2.5-bath units with open layouts and ensuite bathrooms for every bedroom, and two 1-bedroom units designed for affordability and independence. Interiors feature commercial-grade vinyl plank flooring, quartz countertops, and stainless steel appliances, along with a premium trim and door package. Each unit also includes a full-size washer and dryer. Mechanical and envelope features include extra insulation, energy-efficient Plygem windows, and ductless mini-split heating and air conditioning systems.
The property is located at 1129 Fawcett Avenue # A-D in Tacoma, with remarks noting water views and City/Downtown views. The area is described as Downtown Tacoma near restaurants, breweries, businesses, the Link, UW Tacoma, and the Tacoma Convention Center.
For investors seeking a low-maintenance residential income asset, this property offers a modern, tenant-ready package with durable finishes, in-unit laundry convenience, and efficient heating and cooling. The seller also notes a 12-year property tax abatement and land-value only taxes, with 2026 taxes stated as $1,644 per year. The duplex-by-duplex configuration may appeal to buyers who value operational simplicity within a single ownership structure.
The property is located at 1129 Fawcett Avenue # A-D in Tacoma, with remarks noting water views and City/Downtown views. The area is described as Downtown Tacoma near restaurants, breweries, businesses, the Link, UW Tacoma, and the Tacoma Convention Center.
For investors seeking a low-maintenance residential income asset, this property offers a modern, tenant-ready package with durable finishes, in-unit laundry convenience, and efficient heating and cooling. The seller also notes a 12-year property tax abatement and land-value only taxes, with 2026 taxes stated as $1,644 per year. The duplex-by-duplex configuration may appeal to buyers who value operational simplicity within a single ownership structure.
Key Highlights
- New construction 4‑plex built in 2026, configured as two separate duplexes
- Total building area of 3,350 SF on a 0.0689‑acre lot
- Two 2‑bed/2.5‑bath units with 1,125 SF each, including an ensuite bathroom for every bedroom
Local 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 | $66.3k | $19.80 |
| − Vacancy | −$3.3k | −$0.98 |
| EGI | $63.1k | $18.82 |
| − OpEx | −$18.9k | −$5.65 |
| NOI | $44.1k | $13.18 |
3,350 SF · lease $19.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$630.5K
$551.7K – $735.6K
NOI $44,137 @ 7.0% cap · market cap 3.77%
Second Best
Apartment 5plus
$548.0K
$479.5K – $639.3K
NOI $38,357 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$1.03M
$901.0K – $1.20M
NOI $72,079 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Newly built 4-plex configured as two duplexes with in-unit laundry and ductless mini-split heating and cooling.
Where is this quadplex located?
The property is located at 1129 Fawcett Avenue # A-D Tacoma, WA.
What is the asking price?
The asking price for this property is $1,169,950.
What are key features of this property?
This property features: New construction 4‑plex built in 2026, configured as two separate duplexes; Total building area of 3,350 SF on a 0.0689‑acre lot; Two 2‑bed/2.5‑bath units with 1,125 SF each, including an ensuite bathroom for every bedroom
