Two-Unit Brick
New
For Sale
$479,950
710 -712 127th Street S, Tacoma, WA 98444
Each residence includes two bedrooms, a full bathroom, and a laundry area opening to a back patio.
Property Size1,776 SF
Price / SF$270.24
Days on Market2
Property Features for 710 -712 127th Street S
General Information
Standard status
Active
Size
1,776 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Net Operating Income
$30,423
Site & Location
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$5,677
Amenities
Hardwood,Vinyl,Carpet
Yes
No
1
Electric
Paved,Sidewalk
Public
Cable TV,Fenced-Partially,High Speed Internet,Patio
8
0.1148
Brick
Poured Concrete
1776
Building Details
Building Size
1,776 SF
Year Built
1958
Stories
1
Construction
brick
Listing Agency:
CB Cascade RE - Lake Chelan
(503) 908-1694
Listed By:
June Norbom
(503) 341-5265
Source:
Premierepropertygroup
Added: Oct 23
Last Checked: Oct 23 at 6:06PM
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 CB Cascade RE - Lake Chelan
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Investment Insights
Based on property information with market context.
This 1,776-square-foot brick duplex, built in 1958, contains two residences. Each unit has two bedrooms, a full bathroom, a living room with a decorative fireplace, a dining area, a kitchen, and a laundry/mud room with access to a back patio. Newer windows are installed in both units. Unit 712 has updated Luxury Vinyl Plank flooring and includes a new refrigerator and dishwasher.
The property is adjacent to Pacific Lutheran University, with restaurants, coffee shops, grocery stores, and public transportation within walking distance. Freeway access is available, and Joint Base Lewis-McChord is approximately 15 minutes away.
The property is adjacent to Pacific Lutheran University, with restaurants, coffee shops, grocery stores, and public transportation within walking distance. Freeway access is available, and Joint Base Lewis-McChord is approximately 15 minutes away.
Key Highlights
- Two‑unit brick duplex totaling 1,776 square feet
- Each unit has two bedrooms and one full bathroom
- Both residences feature newer windows and laundry/mud rooms with back‑patio access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,399
Cap Rate
4.88%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,980
$468.0K
Cap Rate 7%
$334,271
$334.3K
Cap Rate 9%
$259,989
$260.0K
Market Conditions
NOI Build-Up for 1,776 SF
Gross rent
$35.2K $19.80/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$33.4K $18.82/SF
− OpEx
−$10.0K −$5.65/SF
NOI
$23.4K $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%
$467,980
Cap Rate 7%
$334,271
Cap Rate 9%
$259,989
Alternative Uses
Best Use
Multifamily LT 5
$334.3K
$292.5K – $390.0K
NOI $23,399 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$290.5K
$254.2K – $338.9K
NOI $20,335 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$545.9K
$477.7K – $636.9K
NOI $38,212 @ 7.0% cap · market cap 7.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
83
Businesses Nearby
Explore this area
Business Placement
Demographics for 98444, WA
36,885
Population
13,762
Households
2.7
Avg Household Size
34
Median Age
15%
College-Educated
87%
High-School Grad
6.9 sq mi
ZIP Area
5,346
Density / Sq Mi
$64,464
Median Household Income
$39,829
Median Earnings
$1,581
Median Rent
$369,500
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence includes two bedrooms, a full bathroom, and a laundry area opening to a back patio.
Where is this duplex located?
The property is located at 710 -712 127th Street S Tacoma, WA.
What is the asking price?
The asking price for this property is $479,950.
What are key features of this property?
This property features: Two‑unit brick duplex totaling 1,776 square feet; Each unit has two bedrooms and one full bathroom; Both residences feature newer windows and laundry/mud rooms with back‑patio access
