Updated Duplex with Private
New
For Sale
$750,000
24302 103rd Avenue E, Graham, WA 98338
Two residences offer distinct driveways, laundry facilities, and utility service, with a garage and carport for parking.
Property Size2,836 SF
Price / SF$264.46
Days on Market4
Property Features for 24302 103rd Avenue E
General Information
Standard status
Active
Size
2,836 SF
Total Parking Spaces
11
Property subtype
Residential Income
Site & Location
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Taxes and HOA fees
Annual Taxes
$6,610
Amenities
Brick
Wood
Building Details
Building Size
2,836 SF
Year Built
1975
Buildings
1
Stories
2
Units
2
Listing Agency:
eXp Realty
(888) 317-5197
Listed By:
Andrew Hayashi
(253) 347-9493
Source:
Newmoonrealty
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 2:13PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
Built in 1975, this 2,836-square-foot duplex contains two separate residences, each with a private entrance, driveway, laundry, and separate utilities. The upper home has approximately 1,700 square feet, three bedrooms, two bathrooms, an office, a finished bonus room, storage, and an attached two-car garage. Its remodeled interior includes stainless steel kitchen appliances, engineered hardwood flooring, and updated bathrooms. The lower residence measures 1,100 square feet and has two bedrooms, one bathroom, and a private carport. Improvements include new flooring, fresh paint, updated lighting, and a renovated bathroom.
The property occupies nearly half an acre on a dead-end street in Graham, Washington. The septic system was recently pumped.
The property occupies nearly half an acre on a dead-end street in Graham, Washington. The septic system was recently pumped.
Key Highlights
- Two‑unit duplex with 2,836 square feet
- Upper residence: approximately 1,700 square feet, 3 bedrooms, 2 bathrooms, office, finished room, storage, attached 2‑car garage
- Lower residence: 1,100 square feet, 2 bedrooms, 1 bathroom, private carport
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,208
Cap Rate
4.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$744,160
$744.2K
Cap Rate 7%
$531,543
$531.5K
Cap Rate 9%
$413,422
$413.4K
Market Conditions
NOI Build-Up for 2,836 SF
Gross rent
$57.2K $20.16/SF
− Vacancy
−$4.0K −$1.42/SF
EGI
$53.2K $18.74/SF
− OpEx
−$15.9K −$5.62/SF
NOI
$37.2K $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%
$744,160
Cap Rate 7%
$531,543
Cap Rate 9%
$413,422
Alternative Uses
Best Use
Multifamily LT 5
$531.5K
$465.1K – $620.1K
NOI $37,208 @ 7.0% cap · market cap 4.96%
Second Best
Apartment 5plus
$490.3K
$429.0K – $572.0K
NOI $34,318 @ 7.0% cap · market cap 4.58%
Theoretical Best
Office A
$766.0K
$670.2K – $893.6K
NOI $53,618 @ 7.0% cap · market cap 7.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
2
Residential units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
31
Businesses Nearby
Explore this area
Business Placement
Demographics for 98338, WA
30,147
Population
11,336
Households
2.7
Avg Household Size
39
Median Age
19%
College-Educated
92%
High-School Grad
53.9 sq mi
ZIP Area
559
Density / Sq Mi
$112,788
Median Household Income
$55,190
Median Earnings
$1,889
Median Rent
$471,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer distinct driveways, laundry facilities, and utility service, with a garage and carport for parking.
Where is this duplex located?
The property is located at 24302 103rd Avenue E Graham, WA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,836 square feet; Upper residence: approximately 1,700 square feet, 3 bedrooms, 2 bathrooms, office, finished room, storage, attached 2‑car garage; Lower residence: 1,100 square feet, 2 bedrooms, 1 bathroom, private carport
