Well-Maintained
For Sale
$650,000
3827 S K Street, Tacoma, WA 98418
Well-maintained triplex with three separately metered units and 100% occupancy.
Property Size3,120 SF
Price / SF$208.33
Days on Market212
Property Features for 3827 S K Street
General Information
Standard status
Active
Size
3,120 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
100%
Net Operating Income
$44,809
Site & Location
Neighborhood
South End
Additional Details
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$6,923
Amenities
Yes
No
2
Electric
0.1104
Wood
Poured Concrete
3120
Building Details
Building Size
3,120 SF
Year Built
1910
Stories
2
Tenancy
Multi
Listing Agency:
John L. Scott, Inc.
(503) 908-1694
Listed By:
Tim Jackson
(503) 957-7981
Source:
Premierepropertygroup
Added: Mar 31
Changed: Oct 26
Last Checked: Oct 26 at 1:31PM
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 John L. Scott, Inc.
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,107
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$822,140
$822.1K
Cap Rate 7%
$587,243
$587.2K
Cap Rate 9%
$456,744
$456.7K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$61.8K $19.80/SF
− Vacancy
−$3.1K −$0.98/SF
EGI
$58.7K $18.82/SF
− OpEx
−$17.6K −$5.65/SF
NOI
$41.1K $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%
$822,140
Cap Rate 7%
$587,243
Cap Rate 9%
$456,744
Alternative Uses
Best Use
Multifamily LT 5
$587.2K
$513.8K – $685.1K
NOI $41,107 @ 7.0% cap · market cap 6.32%
Second Best
Apartment 5plus
$510.3K
$446.6K – $595.4K
NOI $35,724 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$959.0K
$839.1K – $1.12M
NOI $67,130 @ 7.0% cap · market cap 10.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
3
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
500
Businesses Nearby
Explore this area
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?
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 $650,000.
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
