Duplex With Remodeled
For Sale
$550,000
1205 North 11th Street, Tacoma, WA 98403
Each residence has two upstairs bedrooms, a full bathroom, and an in-unit washer and dryer.
Property Size2,004 SF
Price / SF$274.45
Days on Market127
Property Features for 1205 North 11th Street
General Information
Standard status
Active
Size
2,004 SF
Property subtype
Residential Income
Net Operating Income
$35,144
Site & Location
Neighborhood
North End
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,536
Amenities
in-unit washer and dryer
0, 0, 0, 0
No
No, None
Yes, Baseboard
Thermal Windows
Laminate, Vinyl, Vinyl Plank, Carpet
Flat
Cement Planked
Partially Fenced
Building Details
Year Built
1898
Buildings
1
Listing Agency:
Windermere Prof Partners
Listed By:
Matt Hume · License #26139
(253) 312-2148
Source:
Compass
Added: Jun 24
Changed: Oct 26
Last Checked: Oct 26 at 6:56PM
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
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Investment Insights
Based on property information with market context.
Built in 1898, this two-unit property contains 2,004 square feet. Each residence has two bedrooms on the upper floor, a living room, a full bathroom, and an in-unit washer and dryer. The kitchens have quartz countertops and new cabinetry, with updated flooring on the main level. Interior improvements also include fresh paint in both units and new carpet in the upstairs bedrooms, hallways, and staircases.
Cement-plank siding and a partially fenced exterior complement the recent property work. A new roof was installed six months ago. The property is located at 1205 North 11th Street in Tacoma.
Cement-plank siding and a partially fenced exterior complement the recent property work. A new roof was installed six months ago. The property is located at 1205 North 11th Street in Tacoma.
Key Highlights
- Two‑unit duplex totaling 2,004 square feet
- Each unit has 2 upstairs bedrooms and a full bathroom
- In‑unit washer and dryer in both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,403
Cap Rate
4.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$528,060
$528.1K
Cap Rate 7%
$377,186
$377.2K
Cap Rate 9%
$293,367
$293.4K
Market Conditions
NOI Build-Up for 2,004 SF
Gross rent
$39.7K $19.80/SF
− Vacancy
−$2.0K −$0.98/SF
EGI
$37.7K $18.82/SF
− OpEx
−$11.3K −$5.65/SF
NOI
$26.4K $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%
$528,060
Cap Rate 7%
$377,186
Cap Rate 9%
$293,367
Alternative Uses
Best Use
Multifamily LT 5
$377.2K
$330.0K – $440.1K
NOI $26,403 @ 7.0% cap · market cap 4.80%
Second Best
Apartment 5plus
$327.8K
$286.8K – $382.4K
NOI $22,946 @ 7.0% cap · market cap 4.17%
Theoretical Best
Office A
$616.0K
$539.0K – $718.6K
NOI $43,118 @ 7.0% cap · market cap 7.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
2,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 98403, WA
8,341
Population
4,863
Households
1.7
Avg Household Size
39
Median Age
64%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
8,341
Density / Sq Mi
$86,179
Median Household Income
$63,918
Median Earnings
$1,414
Median Rent
$737,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has two upstairs bedrooms, a full bathroom, and an in-unit washer and dryer.
Where is this duplex located?
The property is located at 1205 North 11th Street Tacoma, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,004 square feet; Each unit has 2 upstairs bedrooms and a full bathroom; In‑unit washer and dryer in both residences
