Two-Dwelling Multifamily
New
For Sale
$549,950
25724 86th Ave E, Graham, WA 98338
Separate garage and shop areas include a pole building for vehicles, equipment, storage, or workspace.
Property Size1,296 SF
Lot Size2.41 Acres
Price / SF$424.34
Days on Market2
Property Features for 25724 86th Ave E
General Information
Standard status
Active
Size
1,296 SF
Lot size
2.41 Acres
Property subtype
Multi-Family
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Building Details
Year Built
1994
Listed By:
Charles and Janette Wilcox
(253) 256-1721
Source:
Wilcoxrealestatewa
Added: Oct 16
Last Checked: Oct 16 at 7:57AM
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 Charles and Janette Wilcox
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Investment Insights
Based on property information with market context.
Set on 2.41 acres, the property includes two separate residences and multiple garage and shop areas. The tenant-occupied manufactured home has approximately 1,296 square feet, with three bedrooms and two baths. A second dwelling offers approximately 1,296 square feet, with two bedrooms and 1.5 baths. Its upper level contains a living room, kitchen, and main bedroom; another bedroom is located below.
A separate 1,440-square-foot pole-building garage adds further covered space, and the property has two septic systems. The distinct residences and substantial garage and workshop areas provide a varied configuration across the acreage.
A separate 1,440-square-foot pole-building garage adds further covered space, and the property has two septic systems. The distinct residences and substantial garage and workshop areas provide a varied configuration across the acreage.
Key Highlights
- Two residences on 2.41 acres
- Tenant‑occupied manufactured home with approximately 1,296 square feet, 3 bedrooms, and 2 baths
- Second dwelling has approximately 1,296 square feet, 2 bedrooms, and 1.5 baths
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,683
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,660
$313.7K
Cap Rate 7%
$224,043
$224.0K
Cap Rate 9%
$174,256
$174.3K
Market Conditions
NOI Build-Up for 1,296 SF
Gross rent
$30.8K $23.76/SF
− Vacancy
−$2.3K −$1.76/SF
EGI
$28.5K $22.00/SF
− OpEx
−$12.8K −$9.90/SF
NOI
$15.7K $12.10/SF
Area
Pierce County, WA
Vacancy
7.40%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$313,660
Cap Rate 7%
$224,043
Cap Rate 9%
$174,256
Alternative Uses
Best Use
Apartment 5plus
$224.0K
$196.0K – $261.4K
NOI $15,683 @ 7.0% cap · market cap 2.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.0K
$306.3K – $408.4K
NOI $24,502 @ 7.0% cap · market cap 4.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
12
Businesses Nearby
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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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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - Separate garage and shop areas include a pole building for vehicles, equipment, storage, or workspace.
Where is this multifamily property located?
The property is located at 25724 86th Ave E Graham, WA.
What is the asking price?
The asking price for this property is $549,950.
What are key features of this property?
This property features: Two residences on 2.41 acres; Tenant‑occupied manufactured home with approximately 1,296 square feet, 3 bedrooms, and 2 baths; Second dwelling has approximately 1,296 square feet, 2 bedrooms, and 1.5 baths
