Duplex Property with Attached
1325 Contra Costa Ave 1319, Fircrest, WA 98466
For Sale
$1,300,000
Pending
Open layouts, fireplaces, private suites, and driveway parking are among the property’s residential features.
Property Size5,284 SF
Days on Market50
Property Features for 1325 Contra Costa Ave 1319
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
RE/MAX Northwest
Listed By:
Jay Karlin
(253) 472-2122
Source:
Viewhomesinpugetsound
Added: Sep 22
Changed: Nov 6
Last Checked: Nov 10 at 11:28AM
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 RE/MAX Northwest
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Investment Insights
Based on property information with market context.
The duplex property totals 5,284 square feet and was built in 1987. Residences feature open floor plans, living rooms with fireplaces, kitchens with bar seating, primary suites with private bathrooms and walk-in closets, and additional bedrooms with bathrooms. Each home has a private attached garage, with extra driveway parking available.
The property sits on a cul-de-sac in Fircrest, with access to the Fircrest Community Center and Pool, University Place School District schools, golf courses, shopping, and dining.
The property sits on a cul-de-sac in Fircrest, with access to the Fircrest Community Center and Pool, University Place School District schools, golf courses, shopping, and dining.
Key Highlights
- 5,284‑square‑foot duplex property built in 1987
- Each home includes a private attached garage and additional driveway parking
- Living rooms feature fireplaces; kitchens include countertop bar seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$69,326
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,386,520
$1.4M
Cap Rate 7%
$990,371
$990.4K
Cap Rate 9%
$770,289
$770.3K
Market Conditions
NOI Build-Up for 5,284 SF
Gross rent
$106.5K $20.16/SF
− Vacancy
−$7.5K −$1.42/SF
EGI
$99.0K $18.74/SF
− OpEx
−$29.7K −$5.62/SF
NOI
$69.3K $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%
$1,386,520
Cap Rate 7%
$990,371
Cap Rate 9%
$770,289
Alternative Uses
Best Use
Multifamily LT 5
$990.4K
$866.6K – $1.16M
NOI $69,326 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$913.5K
$799.3K – $1.07M
NOI $63,942 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$1.43M
$1.25M – $1.67M
NOI $99,901 @ 7.0% cap · market cap 7.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 98466, WA
29,769
Population
12,773
Households
2.3
Avg Household Size
39
Median Age
44%
College-Educated
96%
High-School Grad
6.2 sq mi
ZIP Area
4,801
Density / Sq Mi
$94,598
Median Household Income
$53,823
Median Earnings
$1,724
Median Rent
$564,400
Median Home Value
Market
Average Price Trend$/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 - Open layouts, fireplaces, private suites, and driveway parking are among the property’s residential features.
Where is this duplex located?
The property is located at 1325 Contra Costa Ave 1319 Fircrest, WA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 5,284‑square‑foot duplex property built in 1987; Each home includes a private attached garage and additional driveway parking; Living rooms feature fireplaces; kitchens include countertop bar seating
