Building Details

Year Built 1990

Construction rambler

Listing Agency: Compass

Listed By: Chris Murphy · License #111144 Show Phone

Source: Pugetsoundrealestate

Added: Oct 9 Changed: Oct 10 Last Checked: Oct 10 at 2:27AM

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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 Compass

Investment Insights

Based on property information with market context.

The property brings together a main residence and a separate, legal one-bedroom ADU, with approximately 2,269 square feet of combined living area. The main home has an open kitchen with deck access, a primary bedroom with a private three-quarter bath, and tile, quartz, and marble finishes. The approximately 525-square-foot ADU includes its own bedroom, three-quarter bath, and kitchen.

A two-car garage serves the corner-lot property. Point Defiance, Ruston Way, shopping, dining, parks, and transit are among the nearby destinations.

Key Highlights

• Approximately 2,269 sq ft of combined living space
• Separate legal ADU with approximately 525 sq ft, one bedroom, a three‑quarter bath, and kitchen
• Main residence has an open kitchen with deck access and a primary bedroom with private three‑quarter bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,978

Cap Rate

3.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$459,560 $459.6K

Cap Rate 7%

$328,257 $328.3K

Cap Rate 9%

$255,311 $255.3K

Market Conditions

NOI Build-Up for 1,744 SF

Gross rent

$34.5K $19.80/SF

− Vacancy

−$1.7K −$0.98/SF

EGI

$32.8K $18.82/SF

− OpEx

−$9.8K −$5.65/SF

NOI

$23.0K $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%

$459,560

Cap Rate 7%

$328,257

Cap Rate 9%

$255,311

Alternative Uses

Best Use

Multifamily LT 5

$328.3K

$287.2K – $383.0K (±1% cap)

NOI $22,978 @ 7.0% cap · market cap 3.54%

Second Best

Apartment 5plus

$285.3K

$249.6K – $332.8K (±1% cap)

NOI $19,969 @ 7.0% cap · market cap 3.07%

Theoretical Best

Office A

$536.1K

$469.1K – $625.4K (±1% cap)

NOI $37,524 @ 7.0% cap · market cap 5.77%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Duplexes

Suggested Use

Top Pick Hair Salon Dental Office HVAC Service Big Box & Wholesale Store Nail Salon Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Location Intelligence

Trade Area within ½ mile

346

Businesses Nearby

Explore this area Business Placement

Demographics for 98407, WA

21,931

Population

10,545

Households

2.1

Avg Household Size

45

Median Age

50%

College-Educated

96%

High-School Grad

5.4 sq mi

ZIP Area

4,061

Density / Sq Mi

$108,905

Median Household Income

$70,157

Median Earnings

$1,847

Median Rent

$613,000

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this duplexes located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Duplex - A corner-lot property combines a remodeled main residence with a private one-bedroom accessory dwelling unit.

Where is this duplex located?

The property is located at 4202 N Pearl St 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: Approximately 2,269 sq ft of combined living space; Separate legal ADU with approximately 525 sq ft, one bedroom, a three‑quarter bath, and kitchen; Main residence has an open kitchen with deck access and a primary bedroom with private three‑quarter bath