Three-Level Duplex with Second
7609 6th Ave, Tacoma, WA 98406
For Sale
New
$1,250,000
An independent lower-level living area includes a full kitchen, four bedrooms, laundry, and a separate outdoor deck.
Property Size4,542 SF
Price / SF$275.21
Days on Market3
Property Features for 7609 6th Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Additional Details
Multifamily Units
Amenities
fireplace
granite tile counters
loft
deck
indoor hot tub
sunroom
rooftop deck
walk in closet
laundry
Building Details
Year Built
Stories
Listing Agency:
Compass
Listed By:
Chris Murphy · License WA #111144
(360) 918-6497
Source:
Pugetsoundrealestate
Added: Nov 12
Last Checked: Nov 12 at 2:43PM
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 Compass
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Investment Insights
Based on property information with market context.
Built in 1975, this 4,542-square-foot duplex spans three levels and includes a primary suite, office area, multiple living spaces, and decks. The main floor has a sitting room with a wood fireplace and an open kitchen with granite tile counters, extensive cabinetry, a second fireplace, and deck access. An office area includes a waiting space, private workspace, and half bath. The upper level features a sunroom with an indoor hot tub and fireplace, a loft, rooftop deck, and primary suite with a three-quarter bath and walk-in closet.
The lower level functions as a separate residence, with four bedrooms, two three-quarter baths, a full kitchen, living room with fireplace, dedicated laundry, and its own deck. The property has views of Puget Sound, Narrows Passage, the Narrows Bridge, and the Olympic Mountains.
The lower level functions as a separate residence, with four bedrooms, two three-quarter baths, a full kitchen, living room with fireplace, dedicated laundry, and its own deck. The property has views of Puget Sound, Narrows Passage, the Narrows Bridge, and the Olympic Mountains.
Key Highlights
- 4,542‑square‑foot duplex built in 1975
- Three levels with a separate lower‑level residence
- Lower level has four bedrooms, two three‑quarter baths, a full kitchen, and dedicated laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,842
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,196,840
$1.2M
Cap Rate 7%
$854,886
$854.9K
Cap Rate 9%
$664,911
$664.9K
Market Conditions
NOI Build-Up for 4,542 SF
Gross rent
$89.9K $19.80/SF
− Vacancy
−$4.4K −$0.98/SF
EGI
$85.5K $18.82/SF
− OpEx
−$25.6K −$5.65/SF
NOI
$59.8K $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%
$1,196,840
Cap Rate 7%
$854,886
Cap Rate 9%
$664,911
Alternative Uses
Best Use
Multifamily LT 5
$854.9K
$748.0K – $997.4K
NOI $59,842 @ 7.0% cap · market cap 4.79%
Second Best
Apartment 5plus
$742.9K
$650.1K – $866.8K
NOI $52,006 @ 7.0% cap · market cap 4.16%
Theoretical Best
Office A
$1.40M
$1.22M – $1.63M
NOI $97,726 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
179
Businesses Nearby
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Business Placement
Demographics for 98406, WA
22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Pierce County, WA
Properties on Market for Duplexes in Pierce County
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - An independent lower-level living area includes a full kitchen, four bedrooms, laundry, and a separate outdoor deck.
Where is this duplex located?
The property is located at 7609 6th Ave Tacoma, 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: 4,542‑square‑foot duplex built in 1975; Three levels with a separate lower‑level residence; Lower level has four bedrooms, two three‑quarter baths, a full kitchen, and dedicated laundry
