Updated
New
For Sale
$610,000
3544 S Asotin St #A-B, Tacoma, WA 98418
Both residences are occupied, with refreshed interiors and dedicated off-street parking.
Property Size1,656 SF
Price / SF$368.36
Days on Market4
Property Features for 3544 S Asotin St #A-B
General Information
Standard status
Active
Size
1,656 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Building Details
Year Built
1977
Listing Agency:
Compass
Listed By:
Chris Murphy · License #111144
(360) 918-6497
Source:
Pugetsoundrealestate
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 16 at 8:26AM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1977, this 1,656-square-foot duplex contains two residences, each configured with 2 bedrooms and 1 bathroom. Interior improvements include new flooring, newer windows, and replacement water heaters; one of the bathrooms has also been remodeled. Both units are currently occupied.
The property sits on a corner lot in Tacoma’s Lincoln District, with 4 off-street parking spaces assigned to each unit. Freeway access and local amenities are minutes away.
The property sits on a corner lot in Tacoma’s Lincoln District, with 4 off-street parking spaces assigned to each unit. Freeway access and local amenities are minutes away.
Key Highlights
- Two occupied units, each with 2 bedrooms and 1 bathroom
- 1,656 square feet; built in 1977
- Corner‑lot setting in Tacoma’s Lincoln District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,818
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,360
$436.4K
Cap Rate 7%
$311,686
$311.7K
Cap Rate 9%
$242,422
$242.4K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$32.8K $19.80/SF
− Vacancy
−$1.6K −$0.98/SF
EGI
$31.2K $18.82/SF
− OpEx
−$9.4K −$5.65/SF
NOI
$21.8K $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%
$436,360
Cap Rate 7%
$311,686
Cap Rate 9%
$242,422
Alternative Uses
Best Use
Multifamily LT 5
$311.7K
$272.7K – $363.6K
NOI $21,818 @ 7.0% cap · market cap 3.58%
Second Best
Apartment 5plus
$270.9K
$237.0K – $316.0K
NOI $18,961 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$509.0K
$445.4K – $593.8K
NOI $35,630 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
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Business Placement
Demographics for 98418, WA
10,371
Population
4,520
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
6,101
Density / Sq Mi
$79,413
Median Household Income
$53,441
Median Earnings
$1,512
Median Rent
$385,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences are occupied, with refreshed interiors and dedicated off-street parking.
Where is this duplex located?
The property is located at 3544 S Asotin St #A-B Tacoma, WA.
What is the asking price?
The asking price for this property is $610,000.
What are key features of this property?
This property features: Two occupied units, each with 2 bedrooms and 1 bathroom; 1,656 square feet; built in 1977; Corner‑lot setting in Tacoma’s Lincoln District
