Single-Level Duplex with
For Sale
$610,000
1404 103rd St E, Tacoma, WA 98445
Residential income property with a one-car garage and fully fenced backyard.
Property Size1,988 SF
Price / SF$306.84
Days on Market95
Property Features for 1404 103rd St E
General Information
Standard status
Active
Size
1,988 SF
Property subtype
Multi-Family
Building Details
Year Built
1991
Buildings
3
Listing Agency:
Keller Williams Realty PS
Listed By:
Mark Van Antwerp · License #83852
(253) 370-1068
Source:
Theinspiregroup
Added: Aug 4
Changed: Oct 26
Last Checked: Nov 4 at 6:31PM
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 Keller Williams Realty PS
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Investment Insights
Based on property information with market context.
Located at 1404 103rd St E in Tacoma, Washington, this single-level duplex includes a configuration described as 2 bedrooms and 1 bath. The property also features a one-car garage and a fully fenced backyard. The home is described as well maintained and has an established rental history.
The seller has additional nearby rental properties available separately, including another duplex at 1408–1410 103rd St E and a double-wide mobile home at 1402 103rd St E. The three properties may also be considered together as a rental package.
The seller has additional nearby rental properties available separately, including another duplex at 1408–1410 103rd St E and a double-wide mobile home at 1402 103rd St E. The three properties may also be considered together as a rental package.
Key Highlights
- 2‑bedroom, 1‑bath duplex
- Single‑level layout
- One‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,193
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$523,860
$523.9K
Cap Rate 7%
$374,186
$374.2K
Cap Rate 9%
$291,033
$291.0K
Market Conditions
NOI Build-Up for 1,988 SF
Gross rent
$39.4K $19.80/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$37.4K $18.82/SF
− OpEx
−$11.2K −$5.65/SF
NOI
$26.2K $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%
$523,860
Cap Rate 7%
$374,186
Cap Rate 9%
$291,033
Alternative Uses
Best Use
Multifamily LT 5
$374.2K
$327.4K – $436.6K
NOI $26,193 @ 7.0% cap · market cap 4.29%
Second Best
Apartment 5plus
$325.2K
$284.5K – $379.4K
NOI $22,762 @ 7.0% cap · market cap 3.73%
Theoretical Best
Office A
$611.1K
$534.7K – $712.9K
NOI $42,774 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
269
Businesses Nearby
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Business Placement
Demographics for 98445, WA
33,927
Population
12,546
Households
2.7
Avg Household Size
36
Median Age
19%
College-Educated
90%
High-School Grad
10.4 sq mi
ZIP Area
3,262
Density / Sq Mi
$90,063
Median Household Income
$48,574
Median Earnings
$1,721
Median Rent
$413,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Residential income property with a one-car garage and fully fenced backyard.
Where is this duplex located?
The property is located at 1404 103rd St E Tacoma, WA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath duplex; Single‑level layout; One‑car garage
