13023 94th Ave NW, Wauna, WA 98329

Building Details

Year Built 1981 More

Listing Agency: Windermere Prof Partners

Listed By: Rob Mitchell Show Phone

Source: Theinspiregroup

Added: Nov 1 Changed: Nov 7 Last Checked: Nov 6 at 2:57PM

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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.

This 1,872-square-foot duplex contains two updated residences, each configured with two bedrooms, one bathroom, and a den or office. Vinyl siding and a rear deck are among the property’s exterior features. The building dates to 1981.

The property occupies a 0.9991-acre parcel at 13023 94th Avenue NW in Wauna. The lot measures 163 by 267 feet, and exterior features include partial fencing and RV parking.

Key Highlights

• Two units, each with 2 bedrooms, 1 bathroom, and a den or office
• 1,872‑square‑foot duplex built in 1981
• 0.9991‑acre parcel measuring 163 x 267 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$24,561

Cap Rate

3.51%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$491,220 $491.2K

Cap Rate 7%

$350,871 $350.9K

Cap Rate 9%

$272,900 $272.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,872 SF

Gross rent

$37.7K $20.16/SF

− Vacancy

−$2.7K −$1.42/SF

EGI

$35.1K $18.74/SF

− OpEx

−$10.5K −$5.62/SF

NOI

$24.6K $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%

$491,220

Cap Rate 7%

$350,871

Cap Rate 9%

$272,900

Alternative Uses

Best Use

Multifamily LT 5

$350.9K

$307.0K – $409.4K (±1% cap)

NOI $24,561 @ 7.0% cap · market cap 3.51%

Second Best

Apartment 5plus

$323.6K

$283.2K – $377.6K (±1% cap)

NOI $22,653 @ 7.0% cap · market cap 3.24%

Theoretical Best

Office A

$505.6K

$442.4K – $589.9K (±1% cap)

NOI $35,392 @ 7.0% cap · market cap 5.06%

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

42

Businesses Nearby

Explore this area Business Placement

Demographics for 98329, WA

10,960

Population

4,545

Households

2.4

Avg Household Size

44

Median Age

29%

College-Educated

96%

High-School Grad

26.0 sq mi

ZIP Area

422

Density / Sq Mi

$107,675

Median Household Income

$55,962

Median Earnings

$1,666

Median Rent

$476,400

Median Home Value

Market

Average Price Trend$/SF for Duplexes in Pierce County, WA

$363 Jul

$315 Aug

$302 Sep

$300 Oct

Properties on Market for Duplexes in Pierce County

Jul

Aug

Sep

Oct

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Frequently Asked Questions

What type of property is this?

Duplex - Two updated residences each include a den or office alongside the bedroom and bath layout.

Where is this duplex located?

The property is located at 13023 94th Ave NW Wauna, WA.

What is the asking price?

The asking price for this property is $699,975.

What are key features of this property?

This property features: Two units, each with 2 bedrooms, 1 bathroom, and a den or office; 1,872‑square‑foot duplex built in 1981; 0.9991‑acre parcel measuring 163 x 267 feet