Automotive Workshop & Income
6144 Waldrick Tenino, WA 98589
For Sale
$959,000
Three individual homes plus an equipped body shop and paint booth workshop offer income-producing versatility on a private compound.
Property Size2,478 SF
Price / SF$387.01
Days on Market434
Property Features for 6144 Waldrick
General Information
Standard status
Active
Size
2,478 SF
Property subtype
Multi-family
Building Details
Year Built
1973
Listing Agency:
Realty One Group Bold
Listed By:
Donna Weaver
(253) 604-6000
Source:
Skylineproperties
Added: May 23, 2025
Changed: Jul 28
Last Checked: Jul 29 at 5:08PM
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 Realty One Group Bold
Investment Insights
Based on property information with market context.
This for-sale income property at 6144 Waldrick in Tenino combines three individual residences with extensive automotive workshop space designed for body and paint work. The compound includes a body shop area and a paint booth on opposite sides, with an air system piped throughout the setup. Equipment included with the workshop comprises a compressor, water trap regulators, and exhaust fans.
Home details include a main house (Unit #1) with 2,478 square feet and a high-efficiency heat pump, plus a spacious layout. Unit #2 is a 1,344-square-foot independent country home featuring easy-care flooring, an electric furnace, and a bonus woodstove. Unit #3 is a 3,360-square-foot workshop hub with an attached one-bedroom home, finished with durable ceramic tile and engineered hardwood flooring, along with a cozy woodstove and an energy-efficient heat pump.
Additional improvements include a 2-bay machine shed and freeze-proof faucets installed across the property. The property is served by a private well system equipped with a dedicated water treatment system.
Home details include a main house (Unit #1) with 2,478 square feet and a high-efficiency heat pump, plus a spacious layout. Unit #2 is a 1,344-square-foot independent country home featuring easy-care flooring, an electric furnace, and a bonus woodstove. Unit #3 is a 3,360-square-foot workshop hub with an attached one-bedroom home, finished with durable ceramic tile and engineered hardwood flooring, along with a cozy woodstove and an energy-efficient heat pump.
Additional improvements include a 2-bay machine shed and freeze-proof faucets installed across the property. The property is served by a private well system equipped with a dedicated water treatment system.
Key Highlights
- Nearly 6 private acres with 3 individual homes plus extensive workshop space set up as a body shop with a paint booth
- Main house (Unit #1): 2,478 SF with a high‑efficiency heat pump and spacious living areas
- Mobile home (Unit #2): 1,344 SF with electric furnace, bonus woodstove, and easy‑care flooring
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 | $50.6k | $20.40 |
| − Vacancy | −$2.4k | −$0.97 |
| EGI | $48.2k | $19.43 |
| − OpEx | −$14.4k | −$5.83 |
| NOI | $33.7k | $13.60 |
2,478 SF · lease $20.40/SF/yr · vacancy 4.75% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$481.5K
$421.3K – $561.8K
NOI $33,705 @ 7.0% cap · market cap 3.51%
Second Best
Apartment 5plus
$443.9K
$388.4K – $517.9K
NOI $31,074 @ 7.0% cap · market cap 3.24%
Theoretical Best
Office A
$725.6K
$634.9K – $846.5K
NOI $50,789 @ 7.0% cap · market cap 5.30%
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?
Triplex - Three individual homes plus an equipped body shop and paint booth workshop offer income-producing versatility on a private compound.
Where is this triplex located?
The property is located at 6144 Waldrick Tenino, WA.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Nearly 6 private acres with 3 individual homes plus extensive workshop space set up as a body shop with a paint booth; Main house (Unit #1): 2,478 SF with a high‑efficiency heat pump and spacious living areas; Mobile home (Unit #2): 1,344 SF with electric furnace, bonus woodstove, and easy‑care flooring
