Two-Unit Duplex with Covered
For Sale
$599,000
5119 84th St E 5117, Tacoma, WA 98446
Two-story units include private laundry, covered parking, and storage.
Property Size3,784 SF
Price / SF$158.30
Days on Market68
Property Features for 5119 84th St E 5117
General Information
Standard status
Active
Size
3,784 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1.5BA
Multifamily Units
2
Amenities
in-unit washer/dryer
ample storage
mature landscaping
Building Details
Year Built
1972
Buildings
1
Stories
2
Listing Agency:
Neighborhood Experts Real Est.
Listed By:
Falynn Auston · License #21026742
(253) 313-4093
Source:
Seattlepropertysource
Added: Aug 17
Changed: Oct 21
Last Checked: Oct 23 at 7:51AM
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 Neighborhood Experts Real Est.
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Investment Insights
Based on property information with market context.
This 3,784-square-foot duplex, built in 1972, contains two two-bedroom, one-and-a-half-bath residences. Each unit is arranged across two levels, with the living room, kitchen, laundry area, and half bath on the main floor; both bedrooms and a full bathroom are upstairs. Private washers and dryers, covered parking, and storage serve each residence.
One unit is occupied by a long-term tenant, while both homes have been maintained. Mature landscaping surrounds the property and provides separation between the residences. The duplex is located at 5119 84th St E 5117 in Tacoma, with shopping, dining, schools, and major commuter routes described as nearby.
One unit is occupied by a long-term tenant, while both homes have been maintained. Mature landscaping surrounds the property and provides separation between the residences. The duplex is located at 5119 84th St E 5117 in Tacoma, with shopping, dining, schools, and major commuter routes described as nearby.
Key Highlights
- Two‑unit duplex with 3,784 SF of total property size
- Each residence offers 2 bedrooms and 1.5 bathrooms
- Two‑story floor plans place bedrooms and full bathrooms upstairs
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,855
Cap Rate
8.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$997,100
$997.1K
Cap Rate 7%
$712,214
$712.2K
Cap Rate 9%
$553,944
$553.9K
Market Conditions
NOI Build-Up for 3,784 SF
Gross rent
$74.9K $19.80/SF
− Vacancy
−$3.7K −$0.98/SF
EGI
$71.2K $18.82/SF
− OpEx
−$21.4K −$5.65/SF
NOI
$49.9K $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%
$997,100
Cap Rate 7%
$712,214
Cap Rate 9%
$553,944
Alternative Uses
Best Use
Multifamily LT 5
$712.2K
$623.2K – $830.9K
NOI $49,855 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$619.0K
$541.6K – $722.1K
NOI $43,327 @ 7.0% cap · market cap 7.23%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,417 @ 7.0% cap · market cap 13.59%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
115
Businesses Nearby
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Business Placement
Demographics for 98446, WA
12,800
Population
5,447
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
88%
High-School Grad
10.9 sq mi
ZIP Area
1,174
Density / Sq Mi
$101,130
Median Household Income
$54,940
Median Earnings
$1,944
Median Rent
$459,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Two-story units include private laundry, covered parking, and storage.
Where is this duplex located?
The property is located at 5119 84th St E 5117 Tacoma, WA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Two‑unit duplex with 3,784 SF of total property size; Each residence offers 2 bedrooms and 1.5 bathrooms; Two‑story floor plans place bedrooms and full bathrooms upstairs
