Zero-Lot-Line
For Sale
$679,999
1608 1610 E 34th Street B, Tacoma, WA 98404
Each residence includes three bedrooms and two-and-a-half baths.
Property Size2,552 SF
Price / SF$266.46
Days on Market90
Property Features for 1608 1610 E 34th Street B
General Information
Standard status
Active
Size
2,552 SF
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
some sweat equity
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
2006
Buildings
1
Listing Agency:
Red Moon Realty
Listed By:
Dan Wong
(253) 224-9833
Source:
Montgomeryht
Added: Jul 20
Changed: Oct 13
Last Checked: Oct 5 at 10:30PM
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 Red Moon Realty
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Investment Insights
Based on property information with market context.
This duplex contains 2,552 square feet and was built in 2006. Each residence is configured with three bedrooms and two-and-a-half bathrooms. The units sit back-to-back in a zero-lot-line arrangement, creating two separate residential interiors within the duplex structure.
The property is located at 1608–1610 E 34th Street B in Tacoma, Washington. Regional access includes I-5, Hwy-16, and Hwy 167, with Tacoma Mall and EQC casino also identified in the surrounding area. The offering represents one duplex; separate units identified as 1608–1610A are excluded from the sale.
The property is located at 1608–1610 E 34th Street B in Tacoma, Washington. Regional access includes I-5, Hwy-16, and Hwy 167, with Tacoma Mall and EQC casino also identified in the surrounding area. The offering represents one duplex; separate units identified as 1608–1610A are excluded from the sale.
Key Highlights
- 2,552‑SF duplex at 1608 1610 E 34th Street B, Tacoma, WA 98404
- Built in 2006
- Each unit offers 3 bedrooms and 2.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,623
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,460
$672.5K
Cap Rate 7%
$480,329
$480.3K
Cap Rate 9%
$373,589
$373.6K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$50.5K $19.80/SF
− Vacancy
−$2.5K −$0.98/SF
EGI
$48.0K $18.82/SF
− OpEx
−$14.4K −$5.65/SF
NOI
$33.6K $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%
$672,460
Cap Rate 7%
$480,329
Cap Rate 9%
$373,589
Alternative Uses
Best Use
Multifamily LT 5
$480.3K
$420.3K – $560.4K
NOI $33,623 @ 7.0% cap · market cap 4.94%
Second Best
Apartment 5plus
$417.4K
$365.3K – $487.0K
NOI $29,220 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$784.4K
$686.4K – $915.2K
NOI $54,909 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
90
Businesses Nearby
Explore this area
Business Placement
Demographics for 98404, WA
35,172
Population
13,174
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
7.1 sq mi
ZIP Area
4,954
Density / Sq Mi
$79,562
Median Household Income
$41,977
Median Earnings
$1,440
Median Rent
$387,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes three bedrooms and two-and-a-half baths.
Where is this duplex located?
The property is located at 1608 1610 E 34th Street B Tacoma, WA.
What is the asking price?
The asking price for this property is $679,999.
What are key features of this property?
This property features: 2,552‑SF duplex at 1608 1610 E 34th Street B, Tacoma, WA 98404; Built in 2006; Each unit offers 3 bedrooms and 2.5 baths
