Duplex with Alley
1214 Yakima Avenue A & B, Tacoma, WA 98405
For Sale
$585,000
RCX zoning, individual storage sheds, and a mix of vacant and leased occupancy define this two-unit property.
Property Size1,491 SF
Price / SF$392.35
Days on Market23
Property Features for 1214 Yakima Avenue A & B
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Site & Location
Neighborhood
Additional Details
Multifamily Units
Tenant in Place
Amenities
storage shed
Building Details
Year Built
Listing Agency:
KW Mountains to Sound Realty
(253) 220-8371
Listed By:
Carlie Hendrickson · License #136345
(360) 813-8873
Source:
Tendhometeam
Added: Oct 16
Changed: Nov 7
Last Checked: Nov 7 at 2:12PM
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 KW Mountains to Sound Realty
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Investment Insights
Based on property information with market context.
Located at 1214 Yakima Avenue A & B in Tacoma, this 1,491-square-foot duplex was built in 1910. The main unit is vacant, while the upper unit is occupied under a one-year lease. Each unit has its own storage shed, and the property includes three off-street parking spaces accessed from the alley. The property is zoned RCX; buyers should verify zoning details and suitability for their plans.
Work completed in 2023 included interior and exterior paint, carpet, fixtures, fencing, and landscaping. The property is near UW Tacoma and Bates Technical College.
Work completed in 2023 included interior and exterior paint, carpet, fixtures, fencing, and landscaping. The property is near UW Tacoma and Bates Technical College.
Key Highlights
- Two‑unit property totals 1,491 square feet
- RCX zoning; buyer to verify
- Three off‑street parking spaces accessed from the alley
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,644
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$392,880
$392.9K
Cap Rate 7%
$280,629
$280.6K
Cap Rate 9%
$218,267
$218.3K
Market Conditions
NOI Build-Up for 1,491 SF
Gross rent
$29.5K $19.80/SF
− Vacancy
−$1.5K −$0.98/SF
EGI
$28.1K $18.82/SF
− OpEx
−$8.4K −$5.65/SF
NOI
$19.6K $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%
$392,880
Cap Rate 7%
$280,629
Cap Rate 9%
$218,267
Alternative Uses
Best Use
Multifamily LT 5
$280.6K
$245.6K – $327.4K
NOI $19,644 @ 7.0% cap · market cap 3.36%
Second Best
Apartment 5plus
$243.9K
$213.4K – $284.5K
NOI $17,072 @ 7.0% cap · market cap 2.92%
Theoretical Best
Office A
$458.3K
$401.0K – $534.7K
NOI $32,080 @ 7.0% cap · market cap 5.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
6,359
Businesses Nearby
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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
$443,800
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pierce County, WA
Properties on Market for Duplexes in Pierce County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - RCX zoning, individual storage sheds, and a mix of vacant and leased occupancy define this two-unit property.
Where is this duplex located?
The property is located at 1214 Yakima Avenue A & B Tacoma, WA.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit property totals 1,491 square feet; RCX zoning; buyer to verify; Three off‑street parking spaces accessed from the alley
