Renovated
763 & 765 S 39th Street, Tacoma, WA 98418
For Sale
$625,000
Electrical, plumbing, insulation, kitchen, and bath improvements update the property's core systems.
Property Size1,759 SF
Price / SF$355.32
Days on Market44
Property Features for 763 & 765 S 39th Street
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Multifamily Units
Taxes and HOA fees
Annual Taxes
Amenities
Brick
Building Details
Building Size
Year Built
Stories
Units
Listing Agency:
COMPASS
(425) 242-6440
Listed By:
Erez Toker
(206) 794-8578
Source:
Frosthometeam
Added: Sep 25
Changed: Nov 7
Last Checked: Nov 7 at 7:24PM
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
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.
This duplex, built in 1918, has undergone updates to its electrical and plumbing systems, insulation, kitchen, and bathrooms. The property is located in Tacoma’s Lincoln District, with access to I-5.
Key Highlights
- Electrical, plumbing, insulation, kitchen, and bathroom improvements
- Built in 1918
- Located in Tacoma’s Lincoln District with access to I‑5
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,175
Cap Rate
3.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,500
$463.5K
Cap Rate 7%
$331,071
$331.1K
Cap Rate 9%
$257,500
$257.5K
Market Conditions
NOI Build-Up for 1,759 SF
Gross rent
$34.8K $19.80/SF
− Vacancy
−$1.7K −$0.98/SF
EGI
$33.1K $18.82/SF
− OpEx
−$9.9K −$5.65/SF
NOI
$23.2K $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%
$463,500
Cap Rate 7%
$331,071
Cap Rate 9%
$257,500
Alternative Uses
Best Use
Multifamily LT 5
$331.1K
$289.7K – $386.3K
NOI $23,175 @ 7.0% cap · market cap 3.71%
Second Best
Apartment 5plus
$287.7K
$251.8K – $335.7K
NOI $20,140 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$540.7K
$473.1K – $630.8K
NOI $37,847 @ 7.0% cap · market cap 6.06%
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
804
Businesses Nearby
Explore this area
Business Placement
Demographics for 98418, WA
10,371
Population
4,520
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
6,101
Density / Sq Mi
$79,413
Median Household Income
$53,441
Median Earnings
$1,512
Median Rent
$385,300
Median Home Value
Market
Average Price Trend$/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 - Electrical, plumbing, insulation, kitchen, and bath improvements update the property's core systems.
Where is this duplex located?
The property is located at 763 & 765 S 39th Street Tacoma, WA.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Electrical, plumbing, insulation, kitchen, and bathroom improvements; Built in 1918; Located in Tacoma’s Lincoln District with access to I‑5
