Rear Duplex Residential
7909 114TH Street Puyallup, WA 98373
For Sale
$580,000
Well-maintained duplex with two occupied 2-bed, 1-bath units, each with in-unit WD hookups.
Property Size1,856 SF
Price / SF$312.50
Days on Market61
Property Features for 7909 114TH Street
General Information
Standard status
Active
Size
1,856 SF
Property subtype
Multi-family
Building Details
Year Built
1994
Listing Agency:
Skyline Properties,Inc.
(206) 458-4290
Listed By:
Alena Pushkina
(206) 458-4290
Source:
Skylineproperties
Added: May 31
Changed: Jul 26
Last Checked: Jul 29 at 4:54PM
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 Skyline Properties,Inc.
Investment Insights
Based on property information with market context.
This rear, one-level duplex offers two residential units configured as 2 bedrooms and 1 bathroom each. Both units include washer/dryer hookups and are currently occupied on a month-to-month basis.
The property is set back at the rear of a quiet dead-end street. The roof and water heaters were replaced in 2022, supporting lower near-term capital needs.
With long-term, month-to-month tenancy in place, the duplex provides steady rental continuity while offering an owner an easier path to manage existing occupancy.
The property is set back at the rear of a quiet dead-end street. The roof and water heaters were replaced in 2022, supporting lower near-term capital needs.
With long-term, month-to-month tenancy in place, the duplex provides steady rental continuity while offering an owner an easier path to manage existing occupancy.
Key Highlights
- Rear one‑level duplex built in 1994 on a quiet dead‑end street
- Two occupied 2‑bed, 1‑bath units, each with in‑unit WD hookups
- Roof and water heaters replaced in 2022, helping reduce future capital expenditures
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 | $37.4k | $20.16 |
| − Vacancy | −$2.6k | −$1.42 |
| EGI | $34.8k | $18.74 |
| − OpEx | −$10.4k | −$5.62 |
| NOI | $24.4k | $13.12 |
1,856 SF · lease $20.16/SF/yr · vacancy 7.03% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$347.9K
$304.4K – $405.9K
NOI $24,351 @ 7.0% cap · market cap 4.20%
Second Best
Apartment 5plus
$320.8K
$280.7K – $374.3K
NOI $22,459 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$501.3K
$438.6K – $584.8K
NOI $35,090 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex with two occupied 2-bed, 1-bath units, each with in-unit WD hookups.
Where is this duplex located?
The property is located at 7909 114TH Street Puyallup, WA.
What is the asking price?
The asking price for this property is $580,000.
What are key features of this property?
This property features: Rear one‑level duplex built in 1994 on a quiet dead‑end street; Two occupied 2‑bed, 1‑bath units, each with in‑unit WD hookups; Roof and water heaters replaced in 2022, helping reduce future capital expenditures
