Brick Duplex with Attached
3427 192nd St E, Tacoma, WA 98446
For Sale
$549,950
Two-unit income property with refreshed interiors, fireplaces, and attached garages.
Property Size1,932 SF
Lot Size1.54 Acres
Price / SF$284.65
Days on Market56
Property Features for 3427 192nd St E
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Average Monthly Rent
Amenities
fireplaces
forced-air heat
vinyl windows
dishwasher
Building Details
Year Built
Construction
Listed By:
Graham McCarthy Realty Group
(425) 417-8036
Source:
Grahammccarthyrealty
Added: Sep 20
Changed: Nov 5
Last Checked: Nov 3 at 5:51AM
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 Graham McCarthy Realty Group
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Investment Insights
Based on property information with market context.
Built in 1977, this 1,932-square-foot brick duplex includes two separate 2-bedroom, 1.5-bath units. Both residences have been refreshed with new carpet and paint, while fireplaces, forced-air heat, vinyl windows, and dishwashers add to the existing improvements. Each unit also includes an attached 1-car garage, and the roof was replaced in 2018.
The property occupies 1.54 acres at 3427 192nd St E in Tacoma. Its flat, open land extends beyond the duplex and provides additional site area for future planning. The property has a history of consistently low vacancy, supporting its existing residential income use.
The property occupies 1.54 acres at 3427 192nd St E in Tacoma. Its flat, open land extends beyond the duplex and provides additional site area for future planning. The property has a history of consistently low vacancy, supporting its existing residential income use.
Key Highlights
- Two 2‑bedroom, 1.5‑bath units in a brick duplex
- 1,932 square feet on 1.54 acres
- Attached 1‑car garage for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,455
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$509,100
$509.1K
Cap Rate 7%
$363,643
$363.6K
Cap Rate 9%
$282,833
$282.8K
Market Conditions
NOI Build-Up for 1,932 SF
Gross rent
$38.3K $19.80/SF
− Vacancy
−$1.9K −$0.98/SF
EGI
$36.4K $18.82/SF
− OpEx
−$10.9K −$5.65/SF
NOI
$25.5K $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%
$509,100
Cap Rate 7%
$363,643
Cap Rate 9%
$282,833
Alternative Uses
Best Use
Multifamily LT 5
$363.6K
$318.2K – $424.3K
NOI $25,455 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$316.0K
$276.5K – $368.7K
NOI $22,121 @ 7.0% cap · market cap 4.02%
Theoretical Best
Office A
$593.8K
$519.6K – $692.8K
NOI $41,569 @ 7.0% cap · market cap 7.56%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
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Business Placement
Demographics for 98446, WA
12,800
Population
5,447
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
10.9 sq mi
ZIP Area
1,174
Density / Sq Mi
$101,130
Median Household Income
$54,940
Median Earnings
$1,944
Median Rent
$459,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pierce County, WA
Properties on Market for Duplexes in Pierce County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit income property with refreshed interiors, fireplaces, and attached garages.
Where is this duplex located?
The property is located at 3427 192nd St E Tacoma, 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 2‑bedroom, 1.5‑bath units in a brick duplex; 1,932 square feet on 1.54 acres; Attached 1‑car garage for each unit
