Duplex with Fenced
For Sale
$485,000
1701 1703 Garfield Street S, Tacoma, WA 98444
Two residential units include laundry, kitchen appliances, patios, and partially fenced outdoor space.
Property Size1,325 SF
Price / SF$366.04
Days on Market52
Property Features for 1701 1703 Garfield Street S
General Information
Standard status
Active
Size
1,325 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$30,988
Additional Details
Highway Access
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,621
Amenities
washer & dryer
kitchen appliances
patio
fenced back yard
views
Vinyl,Carpet
Yes
No
1
Electric
Paved
Fenced-Partially,Patio
4
0.2296
Wood Products
Slab
1325
Building Details
Building Size
1,325 SF
Year Built
1962
Stories
1
Listing Agency:
Crescent Realty powered by KW
(253) 531-9400
Listed By:
Larry Bergstrom
(253) 380-8953
Source:
Premierepropertygroup
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 6 at 5:58AM
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 Crescent Realty powered by KW
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Investment Insights
Based on property information with market context.
This duplex contains two residential units within a 1,325-square-foot property built in 1962. The units feature vinyl and carpet flooring, individual washer and dryer equipment, and kitchen appliances. Each unit also has a patio connected to the kitchen, with partially fenced outdoor space. The property has a paved surface and wood-product construction.
Located at 1701–1703 Garfield Street S in Tacoma, the duplex is near Pacific Lutheran University and I-5. The site encompasses 0.2296 acres and includes a slab foundation. Exterior paint has been recently renewed, while the units have been maintained for ongoing residential use.
Located at 1701–1703 Garfield Street S in Tacoma, the duplex is near Pacific Lutheran University and I-5. The site encompasses 0.2296 acres and includes a slab foundation. Exterior paint has been recently renewed, while the units have been maintained for ongoing residential use.
Key Highlights
- Two‑unit duplex with 1,325 square feet
- Built in 1962 with wood‑product construction and slab foundation
- Each unit includes a washer, dryer, and kitchen appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,457
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$349,140
$349.1K
Cap Rate 7%
$249,386
$249.4K
Cap Rate 9%
$193,967
$194.0K
Market Conditions
NOI Build-Up for 1,325 SF
Gross rent
$26.2K $19.80/SF
− Vacancy
−$1.3K −$0.98/SF
EGI
$24.9K $18.82/SF
− OpEx
−$7.5K −$5.65/SF
NOI
$17.5K $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%
$349,140
Cap Rate 7%
$249,386
Cap Rate 9%
$193,967
Alternative Uses
Best Use
Multifamily LT 5
$249.4K
$218.2K – $291.0K
NOI $17,457 @ 7.0% cap · market cap 3.60%
Second Best
Apartment 5plus
$216.7K
$189.6K – $252.9K
NOI $15,171 @ 7.0% cap · market cap 3.13%
Theoretical Best
Office A
$407.3K
$356.4K – $475.2K
NOI $28,509 @ 7.0% cap · market cap 5.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Explore this area
Business Placement
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
Market
Average Price Trend$/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 - Two residential units include laundry, kitchen appliances, patios, and partially fenced outdoor space.
Where is this duplex located?
The property is located at 1701 1703 Garfield Street S Tacoma, WA.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,325 square feet; Built in 1962 with wood‑product construction and slab foundation; Each unit includes a washer, dryer, and kitchen appliances
