Six-Unit Apartment
For Sale
$950,000
9112 336TH, Roy, WA 98580
Six two-bedroom residences include shared laundry, off-street parking, and water and garbage service included for tenants.
Property Size4,410 SF
Lot Size1.19 Acres
Price / SF$215.42
Days on Market43
Property Features for 9112 336TH
General Information
Standard status
Active
Size
4,410 SF
Lot size
1.19 Acres
Property subtype
Multi-family
Financials
Cap Rate
8.4%
Gross Income
$100,000
Average Monthly Rent
$1,375
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Amenities
shared laundry
Building Details
Year Built
1967
Buildings
1
Listing Agency:
Abbey Realty Inc
Listed By:
Joshua Abbey
(253) 604-6000
Source:
Skylineproperties
Added: Jun 28
Changed: Aug 8
Last Checked: Aug 9 at 12:18PM
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 Abbey Realty Inc
Investment Insights
Based on property information with market context.
This 4,410-square-foot apartment property contains six two-bedroom, one-bathroom units within a compact multifamily configuration. Built in 1967, the building sits on approximately 1.19 acres and provides shared laundry facilities and off-street parking. Water and garbage service are included for tenants, supporting a straightforward operating setup.
The property is located at 9112 336TH in Roy, Washington, with the site combining the apartment building and its surrounding acreage in one holding. The reported cap rate is 8.4%.
The property is located at 9112 336TH in Roy, Washington, with the site combining the apartment building and its surrounding acreage in one holding. The reported cap rate is 8.4%.
Key Highlights
- Six 2‑bedroom, 1‑bathroom apartment units
- 4,410 SF apartment building constructed in 1967
- Approximately 1.19‑acre site in Roy, WA
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$53,365
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.62%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,067,300
$1.1M
Cap Rate 7%
$762,357
$762.4K
Cap Rate 9%
$592,944
$592.9K
Market Conditions
NOI Build-Up for 4,410 SF
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.
Gross rent
$104.8K $23.76/SF
− Vacancy
−$7.8K −$1.76/SF
EGI
$97.0K $22.00/SF
− OpEx
−$43.7K −$9.90/SF
NOI
$53.4K $12.10/SF
Area
Pierce County, WA
Vacancy
7.40%
Lease Rate
$23.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,067,300
Cap Rate 7%
$762,357
Cap Rate 9%
$592,944
Alternative Uses
Best Use
Apartment 5plus
$762.4K
$667.1K – $889.4K
NOI $53,365 @ 7.0% cap · market cap 5.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.19M
$1.04M – $1.39M
NOI $83,377 @ 7.0% cap · market cap 8.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Explore this area
Business Placement
Demographics for 98580, WA
12,164
Population
4,743
Households
2.6
Avg Household Size
42
Median Age
24%
College-Educated
91%
High-School Grad
130.1 sq mi
ZIP Area
93
Density / Sq Mi
$110,428
Median Household Income
$57,176
Median Earnings
$1,789
Median Rent
$485,400
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six two-bedroom residences include shared laundry, off-street parking, and water and garbage service included for tenants.
Where is this apartment building located?
The property is located at 9112 336TH Roy, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Six 2‑bedroom, 1‑bathroom apartment units; 4,410 SF apartment building constructed in 1967; Approximately 1.19‑acre site in Roy, WA
