Well-Maintained
3827 S K Street Tacoma, WA 98418
3827 S K Street, Tacoma, WA, 98418
$735,000
For Sale
$735,000
Well-maintained triplex with three separately metered units and 100% occupancy.
Property Size3,120 SF
Price / SF$235.58
Days on Market114
Property Features for 3827 S K Street
General Information
- Standard status
- Active
- Size
- 3,120 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1910
Listing agency
Windermere Real Estate/East
(503) 957-7981
Listed by
Tim Jackson
(503) 957-7981
Source
Premierepropertygroup
Added: Mar 31 Updated: Jul 22 at 6:36PM Checked: Jul 22 at 6:36PM
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 Real Estate/East
Investment Insights
Based on property information with market context.
This well-maintained triplex includes three residential units, each separately metered. The property is reported to have 100% occupancy, with rents noted as slightly below market.
The building is located in the heart of the Lincoln district, with access described as convenient for commuters and/or JBLM.
All units are under separate metering, supporting individual utility responsibility for each unit.
The building is located in the heart of the Lincoln district, with access described as convenient for commuters and/or JBLM.
All units are under separate metering, supporting individual utility responsibility for each unit.
Key Highlights
- Well‑maintained triplex with 100% occupancy
- Three units with separate electric metering (all three units metered separately)
- 2,312 SF building area on a 0.1104‑acre lot
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.8k | $19.80 |
| − Vacancy | −$3.1k | −$0.98 |
| EGI | $58.7k | $18.82 |
| − OpEx | −$17.6k | −$5.65 |
| NOI | $41.1k | $13.18 |
3,120 SF · lease $19.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$587.2K
$513.8K – $685.1K
NOI $41,107 @ 7.0% cap · market cap 5.59%
Second Best
Apartment 5plus
$510.3K
$446.6K – $595.4K
NOI $35,724 @ 7.0% cap · market cap 4.86%
Theoretical Best
Office A
$959.0K
$839.1K – $1.12M
NOI $67,130 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Triplex - Well-maintained triplex with three separately metered units and 100% occupancy.
Where is this triplex located?
The property is located at 3827 S K Street Tacoma, WA.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: Well‑maintained triplex with 100% occupancy; Three units with separate electric metering (all three units metered separately); 2,312 SF building area on a 0.1104‑acre lot
