Rear Duplex Residential
For Sale
$580,000
7909 114TH Street, Puyallup, WA 98373
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 Market160
Property Features for 7909 114TH Street
General Information
Standard status
Active
Size
1,856 SF
Property subtype
Multi-family
Occupancy
100%
Additional Details
Multifamily Units
2
Amenities
washer/dryer hookups
Building Details
Year Built
1994
Stories
1
Tenancy
Multi
Listing Agency:
Skyline Properties,Inc.
Listed By:
Alena Pushkina
(206) 458-4290
Source:
Skylineproperties
Added: May 22
Changed: Oct 27
Last Checked: Oct 28 at 9:03AM
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.
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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
Estimated NOI and Cap Rate
NOI / Yr
$24,351
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,020
$487.0K
Cap Rate 7%
$347,871
$347.9K
Cap Rate 9%
$270,567
$270.6K
Market Conditions
NOI Build-Up for 1,856 SF
Gross rent
$37.4K $20.16/SF
− Vacancy
−$2.6K −$1.42/SF
EGI
$34.8K $18.74/SF
− OpEx
−$10.4K −$5.62/SF
NOI
$24.4K $13.12/SF
Area
Pierce County, WA
Vacancy
7.03%
Lease Rate
$20.16 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$487,020
Cap Rate 7%
$347,871
Cap Rate 9%
$270,567
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.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
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Business Placement
Demographics for 98373, WA
28,165
Population
11,113
Households
2.5
Avg Household Size
35
Median Age
26%
College-Educated
94%
High-School Grad
9.4 sq mi
ZIP Area
2,996
Density / Sq Mi
$102,791
Median Household Income
$51,865
Median Earnings
$1,823
Median Rent
$517,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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
