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3-Unit Triplex with Water Views

2726 N 30th Street, Tacoma, WA 98407

For Sale
$1,345,000

Furnished and currently operated as short- and mid-term rentals, the property combines two full-size residences with a separate studio.

Property Size2,936 SF
Price / SF$458.11
Days on Market29

Property Features for 2726 N 30th Street

General Information

Standard status Active
Size 2,936 SF
Total Parking Spaces 2
Property subtype Multi-Family
Net Operating Income $82,872

Site & Location

Neighborhood North End

Units

Unit Mix 2 x 2BR/2.5BA, 1 x studio
Multifamily Units 3

Additional Details

Furnished Yes
Business Included Yes
Currently Operating Yes

Taxes and HOA fees

Annual Taxes $14,885

Amenities

bay views
in-unit washer/dryer
private baths
composite deck
Laminate,Vinyl Plank
Yes
No
2
Electric,Natural Gas
Alley,Curbs,Paved,Sidewalk
Public
Deck,Gas Available,High Speed Internet,Patio
1
7440
0.1708
Cement/Concrete
Slab
2936

Building Details

Building Size 2,936 SF
Year Built 1945
Stories 2
Listing Agency: Multifamily Properties
Listed By: Brandon M Vukelich
Source: Premierepropertygroup
Added: Oct 11 Changed: Nov 7 Last Checked: Nov 8 at 3:57AM

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 Multifamily Properties

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Investment Insights

Based on property information with market context.

This 2,936-square-foot triplex, built in 1945, has two mirrored front units, each with two bedrooms, 2.5 bathrooms, and a full washer and dryer. A studio sits beneath the garage and is accessed from the alley. Both front units have views of Commencement Bay and Vashon Island. Unit B received a ductless mini-split heating and cooling system in 2026, and the property has a composite deck installed in 2025.

The 7,440-square-foot lot is in Tacoma’s Old Town neighborhood, near Ruston’s waterfront, amenities, and attractions. The furnished property is operating as a short- and mid-term rental. The front residences provide private bathroom suites for each bedroom, while the alley-accessed studio adds a distinct third unit.

Key Highlights

  • Three units: two mirrored 2‑bedroom, 2.5‑bath residences and an alley‑accessed studio beneath the garage
  • 2,936‑square‑foot building on a 7,440‑square‑foot lot (0.1708 acres)
  • Views of Commencement Bay and Vashon Island from both front units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$38,683
Cap Rate
2.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$773,660 $773.7K
Cap Rate 7%
$552,614 $552.6K
Cap Rate 9%
$429,811 $429.8K
Market Conditions
NOI Build-Up for 2,936 SF
Gross rent
$58.1K $19.80/SF
− Vacancy
−$2.9K −$0.98/SF
EGI
$55.3K $18.82/SF
− OpEx
−$16.6K −$5.65/SF
NOI
$38.7K $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%
$773,660
Cap Rate 7%
$552,614
Cap Rate 9%
$429,811

Alternative Uses

Best Use
Multifamily LT 5
$552.6K
$483.5K – $644.7K (±1% cap)
NOI $38,683 @ 7.0% cap · market cap 2.88%
Second Best
Apartment 5plus
$480.2K
$420.2K – $560.3K (±1% cap)
NOI $33,617 @ 7.0% cap · market cap 2.50%
Theoretical Best
Office A
$902.4K
$789.6K – $1.05M (±1% cap)
NOI $63,171 @ 7.0% cap · market cap 4.70%
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

3
Residential units
Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

675
Businesses Nearby

Demographics for 98407, WA

21,931
Population
10,545
Households
2.1
Avg Household Size
45
Median Age
50%
College-Educated
96%
High-School Grad
5.4 sq mi
ZIP Area
4,061
Density / Sq Mi
$108,905
Median Household Income
$70,157
Median Earnings
$1,847
Median Rent
$613,000
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

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?
Triplex - Furnished and currently operated as short- and mid-term rentals, the property combines two full-size residences with a separate studio.
Where is this triplex located?
The property is located at 2726 N 30th Street Tacoma, WA.
What is the asking price?
The asking price for this property is $1,345,000.
What are key features of this property?
This property features: Three units: two mirrored 2‑bedroom, 2.5‑bath residences and an alley‑accessed studio beneath the garage; 2,936‑square‑foot building on a 7,440‑square‑foot lot (0.1708 acres); Views of Commencement Bay and Vashon Island from both front units
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