Riverfront Three-Unit Multifamily
New
For Sale
$925,000
6808 112th Avenue E, Puyallup, WA 98372
A duplex and separate dwelling create three distinct residential units on a riverfront parcel.
Property Size3,448 SF
Price / SF$268.27
Days on Market1
Property Features for 6808 112th Avenue E
General Information
Standard status
Active
Size
3,448 SF
Total Parking Spaces
14
Property subtype
Multi-Family
Net Operating Income
$42,543
Additional Details
Highway Access
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$10,499
Amenities
riverfront
private fenced backyard
deck
Laminate,Vinyl,Vinyl Plank,Carpet
Yes
No
2
Electric
Cul-De-Sac,Dead End Street,Paved
Public
Cable TV,Deck,Fenced-Fully,Fenced-Partially,Gas Available,High Speed Internet
14
4
1.11
Brick
3448
10
Building Details
Building Size
3,448 SF
Year Built
1989
Buildings
2
Stories
2
Listing Agency:
Pointe3 Real Estate
(360) 693-6139
Listed By:
Ken Rhodes
(971) 301-9557
Source:
Premierepropertygroup
Added: Oct 30
Last Checked: Oct 30 at 2:19PM
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 Pointe3 Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 3,448-square-foot property comprises a duplex and a detached residence on 1.11 acres along the Puyallup River. Each duplex unit has 1,388 square feet, two bedrooms, a bonus room, two bathrooms, an attached garage, a fenced backyard and a deck. The detached 672-square-foot unit includes a two-car garage. Plumbing throughout the duplex has been replaced. The property was built in 1989 and has direct access to the riverbank.
SR-512 and SR-167 provide regional commuting routes. The separate dwellings and outdoor areas offer distinct spaces across the parcel.
SR-512 and SR-167 provide regional commuting routes. The separate dwellings and outdoor areas offer distinct spaces across the parcel.
Key Highlights
- Three residential units: duplex plus detached dwelling
- 3,448 square feet on 1.11 acres along the Puyallup River, with direct bank access
- Each duplex unit has 1,388 square feet, 2 bedrooms, a bonus room and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,724
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,480
$834.5K
Cap Rate 7%
$596,057
$596.1K
Cap Rate 9%
$463,600
$463.6K
Market Conditions
NOI Build-Up for 3,448 SF
Gross rent
$81.9K $23.76/SF
− Vacancy
−$6.1K −$1.76/SF
EGI
$75.9K $22.00/SF
− OpEx
−$34.1K −$9.90/SF
NOI
$41.7K $12.10/SF
Area
Pierce County, WA
Vacancy
7.40%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$834,480
Cap Rate 7%
$596,057
Cap Rate 9%
$463,600
Alternative Uses
Best Use
Apartment 5plus
$596.1K
$521.6K – $695.4K
NOI $41,724 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$931.3K
$814.9K – $1.09M
NOI $65,189 @ 7.0% cap · market cap 7.05%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,105
Businesses Nearby
Explore this area
Business Placement
Demographics for 98372, WA
26,652
Population
10,701
Households
2.5
Avg Household Size
39
Median Age
28%
College-Educated
95%
High-School Grad
13.3 sq mi
ZIP Area
2,004
Density / Sq Mi
$100,316
Median Household Income
$55,892
Median Earnings
$1,745
Median Rent
$570,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Multifamily property - A duplex and separate dwelling create three distinct residential units on a riverfront parcel.
Where is this multifamily property located?
The property is located at 6808 112th Avenue E Puyallup, WA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Three residential units: duplex plus detached dwelling; 3,448 square feet on 1.11 acres along the Puyallup River, with direct bank access; Each duplex unit has 1,388 square feet, 2 bedrooms, a bonus room and 2 bathrooms
