Updated Duplex with Paved
For Sale
$649,000
406 E Pioneer St Unit D, Granite Falls, WA 98252
Two matching residences provide a choice of full-property leasing or owner occupancy in one unit.
Property Size1,680 SF
Price / SF$386.31
Days on Market21
Property Features for 406 E Pioneer St Unit D
General Information
Standard status
Active
Size
1,680 SF
Property subtype
Multi-Family
Building Details
Year Built
1988
Listing Agency:
Keller Williams North Seattle
Listed By:
Kevin Jude Fitzgerald
(206) 327-8002
Source:
Homesinseattlearea
Added: Sep 16
Changed: Oct 1
Last Checked: Oct 5 at 7:21PM
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 Keller Williams North Seattle
Investment Insights
Based on property information with market context.
Built in 1988, this duplex contains two 2-bedroom, 1-bathroom units totaling 1,680 square feet. Both residences have refreshed kitchens with granite countertops, updated cabinetry, fixtures, and appliances. Living areas feature luxury vinyl plank flooring, while bedrooms are carpeted; the units share the same finishes.
A newly paved parking lot serves the property. The configuration accommodates leasing both units or living in one while renting the other.
A newly paved parking lot serves the property. The configuration accommodates leasing both units or living in one while renting the other.
Key Highlights
- Two 2‑bedroom, 1‑bathroom units
- 1,680 square feet across the duplex
- Granite countertops, updated cabinets, fixtures, and appliances in both kitchens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,005
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,100
$560.1K
Cap Rate 7%
$400,071
$400.1K
Cap Rate 9%
$311,167
$311.2K
Market Conditions
NOI Build-Up for 1,680 SF
Gross rent
$42.3K $25.20/SF
− Vacancy
−$2.3K −$1.39/SF
EGI
$40.0K $23.81/SF
− OpEx
−$12.0K −$7.14/SF
NOI
$28.0K $16.67/SF
Area
Snohomish County, WA
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$560,100
Cap Rate 7%
$400,071
Cap Rate 9%
$311,167
Alternative Uses
Best Use
Multifamily LT 5
$400.1K
$350.1K – $466.8K
NOI $28,005 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$359.0K
$314.1K – $418.8K
NOI $25,128 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$468.5K
$410.0K – $546.6K
NOI $32,797 @ 7.0% cap · market cap 5.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
324
Businesses Nearby
Explore this area
Business Placement
Demographics for 98252, WA
10,645
Population
4,441
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
92%
High-School Grad
238.7 sq mi
ZIP Area
45
Density / Sq Mi
$95,235
Median Household Income
$57,551
Median Earnings
$1,412
Median Rent
$492,500
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 matching residences provide a choice of full-property leasing or owner occupancy in one unit.
Where is this duplex located?
The property is located at 406 E Pioneer St Unit D Granite Falls, WA.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two 2‑bedroom, 1‑bathroom units; 1,680 square feet across the duplex; Granite countertops, updated cabinets, fixtures, and appliances in both kitchens
