Remodeled Duplex with 3-Car
831 N Lawrence Street Tacoma, WA 98406
831 N Lawrence Street, Tacoma, WA, 98406
$1,169,000
For Sale
$1,169,000
Permitted, studs-out remodeled duplex with two fully functional living spaces and a brand-new 3-car carport off the alley.
Property Size4,056 SF
Price / SF$288.21
Days on Market137
Property Features for 831 N Lawrence Street
General Information
- Standard status
- Active
- Size
- 4,056 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 2026
Listing agency
Windermere West Metro
(541) 601-2186
Listed by
Corena Mohammed
(541) 601-2186
Source
Premierepropertygroup
Added: Mar 6 Updated: Jul 21 at 3:42AM Checked: Jul 21 at 3:42AM
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 Windermere West Metro
Investment Insights
Based on property information with market context.
This completely permitted and conforming studs-out remodeled duplex offers two fully functional living spaces with nearly everything replaced or renewed. The spacious main and upper floors function as one home, while the lower level provides a separate unit. Improvements include all-new electrical wiring, meters, masts, and panels, along with new plumbing and modern fixtures throughout. Interior updates feature fresh paint, laminate flooring, plush carpeting, and updated lighting, with each unit having its own laundry space. The kitchens include new cabinetry, quartz countertops, and stainless-steel appliances, and storage is supported by numerous closets, including a hidden butler’s pantry.
Outside, the property includes a brand-new 3-car carport accessed off the alley, providing protected parking. Located in Tacoma’s North End, University of Puget Sound is directly across the street, and shopping, restaurants, and entertainment along 6th Avenue are described as just blocks away.
Outside, the property includes a brand-new 3-car carport accessed off the alley, providing protected parking. Located in Tacoma’s North End, University of Puget Sound is directly across the street, and shopping, restaurants, and entertainment along 6th Avenue are described as just blocks away.
Key Highlights
- Completely permitted, studs‑out remodeled duplex with two fully functional living spaces
- 3,756 total building area across 3 stories, with 2,732 sqft on the main/upper floors and 1,324 sqft on the lower level
- All‑new electrical wiring, meters, masts, and panels, plus new plumbing and modern fixtures throughout
Local 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 | $80.3k | $19.80 |
| − Vacancy | −$4.0k | −$0.98 |
| EGI | $76.3k | $18.82 |
| − OpEx | −$22.9k | −$5.65 |
| NOI | $53.4k | $13.18 |
4,056 SF · lease $19.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$763.4K
$668.0K – $890.7K
NOI $53,439 @ 7.0% cap · market cap 4.57%
Second Best
Apartment 5plus
$663.4K
$580.5K – $774.0K
NOI $46,441 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$1.25M
$1.09M – $1.45M
NOI $87,269 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Permitted, studs-out remodeled duplex with two fully functional living spaces and a brand-new 3-car carport off the alley.
Where is this duplex located?
The property is located at 831 N Lawrence Street Tacoma, WA.
What is the asking price?
The asking price for this property is $1,169,000.
What are key features of this property?
This property features: Completely permitted, studs‑out remodeled duplex with two fully functional living spaces; 3,756 total building area across 3 stories, with 2,732 sqft on the main/upper floors and 1,324 sqft on the lower level; All‑new electrical wiring, meters, masts, and panels, plus new plumbing and modern fixtures throughout
