Four-Unit Duplex
5208 63RD University Place, WA 98467
For Sale
$1,250,000
Two duplexes on separate parcels offer four units with in-unit laundry, garages, and wood-burning fireplaces.
Property Size3,984 SF
Price / SF$313.76
Days on Market56
Property Features for 5208 63RD
General Information
Standard status
Active
Size
3,984 SF
Property subtype
Multi-family
Building Details
Year Built
1984
Listing Agency:
Engel & Volkers Chambers Bay
Listed By:
Chris J Barrett
(253) 604-6000
Source:
Skylineproperties
Added: Jun 5
Changed: Jul 28
Last Checked: Jul 29 at 4:54PM
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 Engel & Volkers Chambers Bay
Investment Insights
Based on property information with market context.
This offering includes two duplex properties located on two separate parcels: 5208/5210 and 5214/5216. The configuration provides four residential units, each approximately 996 square feet with two bedrooms and 1.75 bathrooms. Every unit includes a one-car garage, a washer and dryer, and a wood-burning fireplace.
Each unit’s layout includes living area, kitchen, dining, and a half bath on the main floor, with the bedrooms and additional bath space on the lower level. The setting is described as semi-private, with only these four units on a dead-end road.
According to the seller’s remarks, two units are vacant and two are currently rented below market value. Please do not view without a real estate broker, and do not bother tenants.
Each unit’s layout includes living area, kitchen, dining, and a half bath on the main floor, with the bedrooms and additional bath space on the lower level. The setting is described as semi-private, with only these four units on a dead-end road.
According to the seller’s remarks, two units are vacant and two are currently rented below market value. Please do not view without a real estate broker, and do not bother tenants.
Key Highlights
- Built in 1984: two duplexes on separate parcels (5208/5210 and 5214/5216) with 4 total units
- Each unit is approx 996 SF with 2 bedrooms and 1.75 baths
- Includes 1‑car garage per unit and washer & dryer in each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.3k | $20.16 |
| − Vacancy | −$5.6k | −$1.42 |
| EGI | $74.7k | $18.74 |
| − OpEx | −$22.4k | −$5.62 |
| NOI | $52.3k | $13.12 |
3,984 SF · lease $20.16/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$746.7K
$653.4K – $871.2K
NOI $52,270 @ 7.0% cap · market cap 4.18%
Second Best
Apartment 5plus
$688.7K
$602.6K – $803.5K
NOI $48,210 @ 7.0% cap · market cap 3.86%
Theoretical Best
Office A
$1.08M
$941.5K – $1.26M
NOI $75,322 @ 7.0% cap · market cap 6.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Two duplexes on separate parcels offer four units with in-unit laundry, garages, and wood-burning fireplaces.
Where is this duplex located?
The property is located at 5208 63RD University Place, WA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Built in 1984: two duplexes on separate parcels (5208/5210 and 5214/5216) with 4 total units; Each unit is approx 996 SF with 2 bedrooms and 1.75 baths; Includes 1‑car garage per unit and washer & dryer in each unit
