Modern Duplex with
For Sale
Contact for pricing
12926 78th Avenue East, Puyallup, WA 98373
2019-built duplex with two-bedroom units, attached garages, and a detached shop on a private dead-end street.
Property Size2,210 SF
Price / SF$429.86
Days on Market167
Property Features for 12926 78th Avenue East
General Information
Standard status
Active
Size
2,210 SF
Property subtype
Multifamily
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Additional Details
Cap Rate
5.5%
Amenities
LVP flooring
quartz countertops
stainless steel appliances
ductless mini-split systems
in-unit washer/dryer
walk-in closets
double vanity sinks
detached shop/garage
RV parking with power hookup
Building Details
Year Built
2019
Units
8
Construction
rambler-style
Listing Agency:
John L. Scott - Tacoma
Listed By:
Mike Mansour · License #123745
Source:
Crexi
Added: May 6
Changed: Oct 6
Last Checked: Oct 19 at 6:31AM
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 John L. Scott - Tacoma
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Completed in 2019, this duplex contains two residential units totaling 2,210 square feet. Each side offers 2 bedrooms, 2 bathrooms, approximately 1,100 square feet, an attached 2-car garage, a walk-in closet in the primary suite, and a double-vanity bathroom. Interior features include LVP flooring, quartz countertops, stainless steel appliances, ductless mini-split systems, and in-unit washers and dryers.
The property occupies over ½ acre at the end of a dead-end street in Puyallup, with minimal traffic and added privacy. A detached shop/garage provides additional storage or workspace, while the site also includes RV parking with a power hookup and ample parking. One unit is leased, and the property has an estimated 5.5% cap rate. An additional 200-amp power service was installed for a planned ADU, offering a defined infrastructure feature for future evaluation. Costco, major freeways, shopping, and dining are minutes away.
The property occupies over ½ acre at the end of a dead-end street in Puyallup, with minimal traffic and added privacy. A detached shop/garage provides additional storage or workspace, while the site also includes RV parking with a power hookup and ample parking. One unit is leased, and the property has an estimated 5.5% cap rate. An additional 200-amp power service was installed for a planned ADU, offering a defined infrastructure feature for future evaluation. Costco, major freeways, shopping, and dining are minutes away.
Key Highlights
- Two‑unit duplex built in 2019 with 2,210 SF total
- Each unit has 2 bedrooms, 2 bathrooms, and just over 1,100 sq ft
- Attached 2‑car garages for both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,995
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,900
$579.9K
Cap Rate 7%
$414,214
$414.2K
Cap Rate 9%
$322,167
$322.2K
Market Conditions
NOI Build-Up for 2,210 SF
Gross rent
$44.6K $20.16/SF
− Vacancy
−$3.1K −$1.42/SF
EGI
$41.4K $18.74/SF
− OpEx
−$12.4K −$5.62/SF
NOI
$29.0K $13.12/SF
Area
Pierce County, WA
Vacancy
7.03%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$579,900
Cap Rate 7%
$414,214
Cap Rate 9%
$322,167
Alternative Uses
Best Use
Multifamily LT 5
$414.2K
$362.4K – $483.3K
NOI $28,995 @ 7.0% cap · market cap 3.05%
Second Best
Apartment 5plus
$382.0K
$334.3K – $445.7K
NOI $26,743 @ 7.0% cap · market cap 2.82%
Theoretical Best
Office A
$596.9K
$522.3K – $696.4K
NOI $41,783 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
85
Businesses Nearby
Explore this area
Business Placement
Demographics for 98373, WA
28,165
Population
11,113
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
94%
High-School Grad
9.4 sq mi
ZIP Area
2,996
Density / Sq Mi
$102,791
Median Household Income
$51,865
Median Earnings
$1,823
Median Rent
$517,600
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - 2019-built duplex with two-bedroom units, attached garages, and a detached shop on a private dead-end street.
Where is this duplex located?
The property is located at 12926 78th Avenue East Puyallup, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2019 with 2,210 SF total; Each unit has 2 bedrooms, 2 bathrooms, and just over 1,100 sq ft; Attached 2‑car garages for both units
