Duplex with Detached Split
709 S M Street # A & B Tacoma, WA 98405
709 S M Street # A & B, Tacoma, WA, 98405
$499,000
For Sale
$499,000
Recently updated duplex with two units and a detached, divided deep two-car garage.
Property Size1,738 SF
Price / SF$287.11
Days on Market144
Property Features for 709 S M Street # A & B
General Information
- Standard status
- Active
- Size
- 1,738 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1890
Listing Agency
Redfin
(503) 476-4264
Listed by
Mandee Wilmot
(503) 476-4264
Source
Premierepropertygroup
Added: Feb 25 Checked: Jul 19 at 2:32 am
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 Redfin
Investment Insights
Based on property information with market context.
This recently updated duplex offers two separate living units with shared ownership structure but distinct interior layouts. The property includes brand new flooring throughout both units, new exterior paint, and updated electrical. The roof is approximately 5 years old, and a seller-procured inspection report is available. Each unit is configured with two bedrooms and one bathroom, and the duplex includes two spacious kitchens. The upstairs unit also provides additional office space, a utility room, and a foyer that leads to bedrooms located on the third story.
The detached garage is designed for shared convenience, featuring a divider wall so each unit has its own individual deep unit garage. The property is positioned for everyday access to light rail, hospitals, and public parks.
With the duplex currently vacant, it may be a practical fit for buyers seeking an income-oriented residential asset that can be prepared for new tenants. The two-unit setup, updated major components, and dedicated garage storage support a straightforward rental configuration for occupants who value separate living space.
The detached garage is designed for shared convenience, featuring a divider wall so each unit has its own individual deep unit garage. The property is positioned for everyday access to light rail, hospitals, and public parks.
With the duplex currently vacant, it may be a practical fit for buyers seeking an income-oriented residential asset that can be prepared for new tenants. The two-unit setup, updated major components, and dedicated garage storage support a straightforward rental configuration for occupants who value separate living space.
Key Highlights
- Recently updated 4‑bed, 2‑bath duplex in Tacoma with two units, each offering 2 bedrooms and 1 bath
- Brand new flooring throughout both units, plus new exterior paint, updated electrical, and a roof about 5 years old (inspection report available)
- Detached 2‑car garage is divided so each unit has its own deep, individual garage bay
Local 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 | $34.4k | $19.80 |
| − Vacancy | −$1.7k | −$0.98 |
| EGI | $32.7k | $18.82 |
| − OpEx | −$9.8k | −$5.65 |
| NOI | $22.9k | $13.18 |
1,738 SF · lease $19.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$327.1K
$286.2K – $381.7K
NOI $22,899 @ 7.0% cap · market cap 4.59%
Second Best
Apartment 5plus
$284.3K
$248.8K – $331.7K
NOI $19,900 @ 7.0% cap · market cap 3.99%
Theoretical Best
Office A
$534.2K
$467.4K – $623.3K
NOI $37,395 @ 7.0% cap · market cap 7.49%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Recently updated duplex with two units and a detached, divided deep two-car garage.
Where is this duplex located?
The property is located at 709 S M Street # A & B Tacoma, WA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Recently updated 4‑bed, 2‑bath duplex in Tacoma with two units, each offering 2 bedrooms and 1 bath; Brand new flooring throughout both units, plus new exterior paint, updated electrical, and a roof about 5 years old (inspection report available); Detached 2‑car garage is divided so each unit has its own deep, individual garage bay
