Updated Duplex with Refreshed
406 E Pioneer St Unit G, Granite Falls, WA 98252
For Sale
$669,000
Two rental residences provide separate washer and dryer connections and a paved parking area.
Property Size1,874 SF
Price / SF$356.99
Days on Market78
Property Features for 406 E Pioneer St Unit G
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Keller Williams North Seattle
Listed By:
Kevin Jude Fitzgerald · License WA #134224
(206) 327-8002
Source:
Searchhomesinbellingham
Added: Aug 29
Changed: Nov 1
Last Checked: Nov 10 at 12:02PM
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
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Investment Insights
Based on property information with market context.
This 1,874-square-foot duplex at 406 E Pioneer St in Granite Falls contains two residences: a 2-bedroom, 1-bath unit measuring 840 square feet and a 3-bedroom, 1.75-bath unit with 1,034 square feet. Both have washer and dryer hookups. The building dates to 1985, and each residence has updated kitchen cabinetry, fixtures, appliances, and granite countertops. Living areas have luxury vinyl plank flooring, while bedrooms are carpeted; the interiors share the same finishes.
A newly paved parking lot serves the property. The two-unit configuration offers separate living spaces within one residential income property.
A newly paved parking lot serves the property. The two-unit configuration offers separate living spaces within one residential income property.
Key Highlights
- Two‑unit property totals 1,874 square feet
- 840‑square‑foot unit has 2 bedrooms, 1 bath, and washer/dryer hookups
- 1,034‑square‑foot unit has 3 bedrooms, 1.75 baths, and washer/dryer hookups
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,239
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,780
$624.8K
Cap Rate 7%
$446,271
$446.3K
Cap Rate 9%
$347,100
$347.1K
Market Conditions
NOI Build-Up for 1,874 SF
Gross rent
$47.2K $25.20/SF
− Vacancy
−$2.6K −$1.39/SF
EGI
$44.6K $23.81/SF
− OpEx
−$13.4K −$7.14/SF
NOI
$31.2K $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%
$624,780
Cap Rate 7%
$446,271
Cap Rate 9%
$347,100
Alternative Uses
Best Use
Multifamily LT 5
$446.3K
$390.5K – $520.7K
NOI $31,239 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$400.4K
$350.4K – $467.2K
NOI $28,030 @ 7.0% cap · market cap 4.19%
Theoretical Best
Office A
$522.6K
$457.3K – $609.7K
NOI $36,584 @ 7.0% cap · market cap 5.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Duplex - Two rental residences provide separate washer and dryer connections and a paved parking area.
Where is this duplex located?
The property is located at 406 E Pioneer St Unit G Granite Falls, WA.
What is the asking price?
The asking price for this property is $669,000.
What are key features of this property?
This property features: Two‑unit property totals 1,874 square feet; 840‑square‑foot unit has 2 bedrooms, 1 bath, and washer/dryer hookups; 1,034‑square‑foot unit has 3 bedrooms, 1.75 baths, and washer/dryer hookups
