Duplex with Fenced
3112 Ponderosa, Lacey, WA 98516
For Sale
$849,950
Both residences have long-term leases and energy-efficient mini-split heat pump systems with air conditioning.
Property Size3,484 SF
Price / SF$243.96
Days on Market187
Property Features for 3112 Ponderosa
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Amenities
solid surface flooring
granite counters
stainless appliances
mini split heat pump systems with air conditioning
energy efficient insulation and lighting packages
fenced rear yards
Building Details
Year Built
Buildings
Tenancy
Listing Agency:
Blue Summit Realty LLC
Listed By:
Brian J Dermanoski
(360) 280-1980
Source:
Skylineproperties
Added: May 5
Changed: Nov 6
Last Checked: Nov 6 at 1:50PM
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 Blue Summit Realty LLC
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Investment Insights
Based on property information with market context.
Built in 2020, this duplex has two residences, each with 4 bedrooms, 2.5 bathrooms, and 1,742 square feet. Interior features include solid-surface flooring, granite counters, stainless appliances, and high-efficiency mini-split heat pump systems with air conditioning. Energy-efficient insulation and lighting, custom exterior siding accents, fenced rear yards, and a 2-car garage complete the property.
The duplex is in the Gateway North neighborhood, described as well-kept, with freeway access and nearby amenities. Long-term leases are in place.
The duplex is in the Gateway North neighborhood, described as well-kept, with freeway access and nearby amenities. Long-term leases are in place.
Key Highlights
- Two units with 1,742 square feet per unit
- Each residence has 4 bedrooms and 2.5 baths
- Built in 2020; long‑term leases in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,388
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,760
$947.8K
Cap Rate 7%
$676,971
$677.0K
Cap Rate 9%
$526,533
$526.5K
Market Conditions
NOI Build-Up for 3,484 SF
Gross rent
$71.1K $20.40/SF
− Vacancy
−$3.4K −$0.97/SF
EGI
$67.7K $19.43/SF
− OpEx
−$20.3K −$5.83/SF
NOI
$47.4K $13.60/SF
Area
Thurston County, WA
Vacancy
4.75%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$947,760
Cap Rate 7%
$676,971
Cap Rate 9%
$526,533
Alternative Uses
Best Use
Multifamily LT 5
$677.0K
$592.4K – $789.8K
NOI $47,388 @ 7.0% cap · market cap 5.58%
Second Best
Apartment 5plus
$624.1K
$546.1K – $728.2K
NOI $43,689 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$1.02M
$892.6K – $1.19M
NOI $71,408 @ 7.0% cap · market cap 8.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
Explore this area
Business Placement
Demographics for 98516, WA
29,443
Population
11,600
Households
2.5
Avg Household Size
38
Median Age
37%
College-Educated
94%
High-School Grad
28.8 sq mi
ZIP Area
1,022
Density / Sq Mi
$92,191
Median Household Income
$52,188
Median Earnings
$1,948
Median Rent
$528,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences have long-term leases and energy-efficient mini-split heat pump systems with air conditioning.
Where is this duplex located?
The property is located at 3112 Ponderosa Lacey, WA.
What is the asking price?
The asking price for this property is $849,950.
What are key features of this property?
This property features: Two units with 1,742 square feet per unit; Each residence has 4 bedrooms and 2.5 baths; Built in 2020; long‑term leases in place
