Side-by-Side Duplex with
New
For Sale
$519,000
3760 E T St, Tacoma, WA 98404
Two one-story units offer attached garages, fenced yards, and open kitchen-dining layouts.
Property Size1,848 SF
Price / SF$280.84
Days on Market2
Property Features for 3760 E T St
General Information
Standard status
Active
Size
1,848 SF
Property subtype
Multi-Family
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
gated
deck
secured yard
Building Details
Year Built
1979
Buildings
1
Stories
1
Listing Agency:
Windermere R.E. Shoreline
Listed By:
Chris Haynes · License #25994
(206) 353-0134
Source:
Theinspiregroup
Added: Sep 7
Last Checked: Sep 7 at 8:41AM
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 Windermere R.E. Shoreline
Investment Insights
Based on property information with market context.
Built in 1979, this 1,848-square-foot duplex contains two side-by-side one-story residences, each configured with 2 bedrooms and 1 bath. Both units feature large primary bedrooms, bright interiors, and open kitchen and dining areas. Attached one-car garages, concrete driveways, and additional off-street parking support everyday convenience. Each residence also connects to a back deck and a secured yard within the fully gated and divided property.
The duplex is located in Portland Heights near newer residential home development, with access to I-5, schools, shopping, entertainment, and commuter routes. The property is 100% occupied and includes separate outdoor areas for the two units.
The duplex is located in Portland Heights near newer residential home development, with access to I-5, schools, shopping, entertainment, and commuter routes. The property is 100% occupied and includes separate outdoor areas for the two units.
Key Highlights
- Two 2‑bedroom/1‑bath units in a side‑by‑side duplex
- 1,848 SF property built in 1979
- Attached one‑car garage for each unit
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
$24,348
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
4.69%
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%
$486,960
$487.0K
Cap Rate 7%
$347,829
$347.8K
Cap Rate 9%
$270,533
$270.5K
Market Conditions
NOI Build-Up for 1,848 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
$36.6K $19.80/SF
− Vacancy
−$1.8K −$0.98/SF
EGI
$34.8K $18.82/SF
− OpEx
−$10.4K −$5.65/SF
NOI
$24.3K $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 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%
$486,960
Cap Rate 7%
$347,829
Cap Rate 9%
$270,533
Alternative Uses
Best Use
Multifamily LT 5
$347.8K
$304.4K – $405.8K
NOI $24,348 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$302.3K
$264.5K – $352.7K
NOI $21,159 @ 7.0% cap · market cap 4.08%
Theoretical Best
Office A
$568.0K
$497.0K – $662.7K
NOI $39,762 @ 7.0% cap · market cap 7.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
230
Businesses Nearby
Explore this area
Business Placement
Demographics for 98404, WA
35,172
Population
13,174
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
7.1 sq mi
ZIP Area
4,954
Density / Sq Mi
$79,562
Median Household Income
$41,977
Median Earnings
$1,440
Median Rent
$387,300
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 - Two one-story units offer attached garages, fenced yards, and open kitchen-dining layouts.
Where is this duplex located?
The property is located at 3760 E T St Tacoma, WA.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Two 2‑bedroom/1‑bath units in a side‑by‑side duplex; 1,848 SF property built in 1979; Attached one‑car garage for each unit
