Building Details

Year Built 1900

Listing Agency: Compass

Listed By: Chris Murphy · License #111144 Show Phone

Source: Pugetsoundrealestate

Added: Nov 3 Last Checked: Nov 6 at 8:11AM

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Investment Insights

Based on property information with market context.

This 1,602-square-foot duplex in Buckley contains two distinct residences. One has a bedroom, bathroom, living area, kitchen, dining space, and dedicated laundry room; the other includes two bedrooms, a bathroom, and in-unit laundry. Both residences have access to a fenced backyard with a deck.

Built in 1900, the property is located at 1803 Ryan Rd in Buckley, Washington.

Key Highlights

• Two residences: one with 1 bedroom and 1 bathroom; the other with 2 bedrooms and 1 bathroom
• 1,602 square feet; built in 1900
• Dedicated laundry room in one residence and in‑unit laundry in the other

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,018

Cap Rate

4.25%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$420,360 $420.4K

Cap Rate 7%

$300,257 $300.3K

Cap Rate 9%

$233,533 $233.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,602 SF

Gross rent

$32.3K $20.16/SF

− Vacancy

−$2.3K −$1.42/SF

EGI

$30.0K $18.74/SF

− OpEx

−$9.0K −$5.62/SF

NOI

$21.0K $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%

$420,360

Cap Rate 7%

$300,257

Cap Rate 9%

$233,533

Alternative Uses

Best Use

Multifamily LT 5

$300.3K

$262.7K – $350.3K (±1% cap)

NOI $21,018 @ 7.0% cap · market cap 4.25%

Second Best

Apartment 5plus

$276.9K

$242.3K – $323.1K (±1% cap)

NOI $19,386 @ 7.0% cap · market cap 3.92%

Theoretical Best

Office A

$432.7K

$378.6K – $504.8K (±1% cap)

NOI $30,288 @ 7.0% cap · market cap 6.12%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

37

Businesses Nearby

Explore this area Business Placement

Demographics for 98321, WA

16,924

Population

6,319

Households

2.7

Avg Household Size

40

Median Age

24%

College-Educated

94%

High-School Grad

35.5 sq mi

ZIP Area

477

Density / Sq Mi

$127,081

Median Household Income

$63,506

Median Earnings

$1,805

Median Rent

$524,300

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 - Separate one- and two-bedroom residences each include laundry facilities.

Where is this duplex located?

The property is located at 1803 Ryan Rd Buckley, WA.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: Two residences: one with 1 bedroom and 1 bathroom; the other with 2 bedrooms and 1 bathroom; 1,602 square feet; built in 1900; Dedicated laundry room in one residence and in‑unit laundry in the other