Multifamily Property with
For Sale
$550,000
1206 Tule Lake Rd S, Tacoma, WA 98444
Multiple income-producing units include on-site parking and outdoor space for residential tenants.
Property Size2,052 SF
Price / SF$268.03
Days on Market79
Property Features for 1206 Tule Lake Rd S
General Information
Standard status
Active
Size
2,052 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Building Details
Year Built
1980
Listing Agency:
Coldwell Banker Bain
Listed By:
Tyler Vlasak
(253) 850-5000
Source:
Montgomeryht
Added: Jul 29
Changed: Sep 23
Last Checked: Oct 5 at 7:51PM
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 Coldwell Banker Bain
Investment Insights
Based on property information with market context.
This multifamily property at 1206 Tule Lake Rd S includes 2,052 square feet of residential space and was built in 1980. The asset contains multiple income-producing units with functional layouts, living areas, parking, and outdoor space.
Located in South Tacoma, the property provides access to shopping, schools, public transportation, JBLM, and major commuter routes. Its existing residential configuration supports continued rental use, while the available parking and outdoor areas add practical features for occupants.
Located in South Tacoma, the property provides access to shopping, schools, public transportation, JBLM, and major commuter routes. Its existing residential configuration supports continued rental use, while the available parking and outdoor areas add practical features for occupants.
Key Highlights
- 2,052‑square‑foot multifamily property at 1206 Tule Lake Rd S
- Built in 1980
- Multiple income‑producing residential units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,495
Cap Rate
4.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,900
$469.9K
Cap Rate 7%
$335,643
$335.6K
Cap Rate 9%
$261,056
$261.1K
Market Conditions
NOI Build-Up for 2,052 SF
Gross rent
$45.1K $21.96/SF
− Vacancy
−$2.3K −$1.14/SF
EGI
$42.7K $20.82/SF
− OpEx
−$19.2K −$9.37/SF
NOI
$23.5K $11.45/SF
Area
Tacoma, WA
Vacancy
5.20%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,900
Cap Rate 7%
$335,643
Cap Rate 9%
$261,056
Alternative Uses
Best Use
Apartment 5plus
$335.6K
$293.7K – $391.6K
NOI $23,495 @ 7.0% cap · market cap 4.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$630.7K
$551.9K – $735.9K
NOI $44,151 @ 7.0% cap · market cap 8.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
195
Businesses Nearby
Explore this area
Business Placement
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
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?
Multifamily property - Multiple income-producing units include on-site parking and outdoor space for residential tenants.
Where is this multifamily property located?
The property is located at 1206 Tule Lake Rd S 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: 2,052‑square‑foot multifamily property at 1206 Tule Lake Rd S; Built in 1980; Multiple income‑producing residential units
