Two-Unit Duplex with
For Sale
$700,000
30517-19 Webster Road East, Graham, WA 98338
Each residence offers a full kitchen, laundry hookups, outdoor space, and convenient on-site parking.
Property Size2,084 SF
Price / SF$335.89
Days on Market91
Property Features for 30517-19 Webster Road East
General Information
Standard status
Active
Size
2,084 SF
Property subtype
Residential Income
Net Operating Income
$32,335
Financials
Gross Income
$40,800
Average Monthly Rent
$1,700
Additional Details
Utilities to Site
Yes
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,865
Amenities
range/oven
refrigerator
dishwasher
washer/dryer hookups
storage shed
0, 0, 0, 0
No
No, None
Yes, Baseboard
Laminate, Vinyl, Carpet
Composition
Wood Products
Building Details
Year Built
1977
Listing Agency:
1% Lists Pacific Northwest
(425) 971-3619
Listed By:
Chandra Lacy · License #26002851
(425) 971-3619
Source:
Compass
Added: Jun 1
Changed: Aug 30
Last Checked: Aug 30 at 8:47AM
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 1% Lists Pacific Northwest
Investment Insights
Based on property information with market context.
This 1977 duplex contains two residences, each with three bedrooms, two bathrooms, and approximately 1,042 square feet. Both floor plans include full kitchens equipped with a range/oven, refrigerator, and dishwasher, along with dedicated washer/dryer hookups. Interior finishes include laminate, vinyl, and carpet, with baseboard heating.
The property occupies a large usable lot with outdoor space, a storage shed, and ample parking. Private well and septic systems serve the building. Located at 30517-19 Webster Road East in Graham, the property combines a two-unit layout with practical features for an owner-occupant or multifamily investor.
The property occupies a large usable lot with outdoor space, a storage shed, and ample parking. Private well and septic systems serve the building. Located at 30517-19 Webster Road East in Graham, the property combines a two-unit layout with practical features for an owner-occupant or multifamily investor.
Key Highlights
- Two‑unit duplex with 2,084 square feet
- Each unit includes 3 bedrooms, 2 bathrooms, and approximately 1,042 square feet
- Full kitchens feature a range/oven, refrigerator, and dishwasher
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$27,342
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,840
$546.8K
Cap Rate 7%
$390,600
$390.6K
Cap Rate 9%
$303,800
$303.8K
Market Conditions
NOI Build-Up for 2,084 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$42.0K $20.16/SF
− Vacancy
−$3.0K −$1.42/SF
EGI
$39.1K $18.74/SF
− OpEx
−$11.7K −$5.62/SF
NOI
$27.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$546,840
Cap Rate 7%
$390,600
Cap Rate 9%
$303,800
Alternative Uses
Best Use
Multifamily LT 5
$390.6K
$341.8K – $455.7K
NOI $27,342 @ 7.0% cap · market cap 3.91%
Second Best
Apartment 5plus
$360.3K
$315.2K – $420.3K
NOI $25,218 @ 7.0% cap · market cap 3.60%
Theoretical Best
Office A
$562.9K
$492.5K – $656.7K
NOI $39,401 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
13
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
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence offers a full kitchen, laundry hookups, outdoor space, and convenient on-site parking.
Where is this duplex located?
The property is located at 30517-19 Webster Road East Graham, WA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑unit duplex with 2,084 square feet; Each unit includes 3 bedrooms, 2 bathrooms, and approximately 1,042 square feet; Full kitchens feature a range/oven, refrigerator, and dishwasher
