Two-Unit Brick
For Sale
$599,950
Pending
3218-3220 North 21st Street, Tacoma, WA 98406
Each residence has a private patio, fenced backyard, and its own detached garage.
Property Size1,770 SF
Days on Market27
Property Features for 3218-3220 North 21st Street
General Information
Standard status
Pending
Size
1,770 SF
Total Parking Spaces
2
Property subtype
Residential Income
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$7,347
Amenities
patio
covered rear entry
fenced backyard
0, 0, 0, 0
No
No, None
Yes, Forced Air
Basement,See Remarks,Storage
Hardwood, Laminate, Vinyl, Carpet
Composition
Brick, Wood
Fully Fenced
Building Details
Year Built
1949
Buildings
1
Construction
brick
Listing Agency:
Berkshire Hathaway HS SSP
Listed By:
Gary Hendrickson · License #35917
(253) 405-1099
Source:
Compass
Added: Oct 2
Changed: Oct 27
Last Checked: Oct 28 at 10:54AM
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 Berkshire Hathaway HS SSP
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Investment Insights
Based on property information with market context.
This 1,770-square-foot duplex, built in 1949, contains two residences, each with two bedrooms, one full bath, and separate unfinished basement space. Interior finishes include hardwood, laminate, vinyl, and carpet. The brick-and-wood exterior is fully fenced, and each unit has a partially covered patio, a covered rear entrance, and a detached one-car garage. The property is vacant. Improvements include a 2014 roof, newer furnaces and water heaters, and recently installed carpet in both units.
The property is at 3218-3220 North 21st Street in Tacoma’s North Tacoma/UPS area and has alley access.
The property is at 3218-3220 North 21st Street in Tacoma’s North Tacoma/UPS area and has alley access.
Key Highlights
- Two units, each with 2 bedrooms and 1 full bath
- 1,770 square feet; built in 1949
- Detached one‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,320
Cap Rate
3.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,400
$466.4K
Cap Rate 7%
$333,143
$333.1K
Cap Rate 9%
$259,111
$259.1K
Market Conditions
NOI Build-Up for 1,770 SF
Gross rent
$35.0K $19.80/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$33.3K $18.82/SF
− OpEx
−$10.0K −$5.65/SF
NOI
$23.3K $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%
$466,400
Cap Rate 7%
$333,143
Cap Rate 9%
$259,111
Alternative Uses
Best Use
Multifamily LT 5
$333.1K
$291.5K – $388.7K
NOI $23,320 @ 7.0% cap · market cap 3.89%
Second Best
Apartment 5plus
$289.5K
$253.3K – $337.8K
NOI $20,266 @ 7.0% cap · market cap 3.38%
Theoretical Best
Office A
$544.0K
$476.0K – $634.7K
NOI $38,083 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
820
Businesses Nearby
Explore this area
Business Placement
Demographics for 98406, WA
22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private patio, fenced backyard, and its own detached garage.
Where is this duplex located?
The property is located at 3218-3220 North 21st Street Tacoma, WA.
What is the asking price?
The asking price for this property is $599,950.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 full bath; 1,770 square feet; built in 1949; Detached one‑car garage for each unit
