Property Details
9210 9212 204th Street E
Graham, WA 98338
$775,000
Active
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Property Overview
Exceptional investment opportunity featuring a performing duplex plus a detached single-level home. Ideal for house hacking, multi-generational living, or a strong addition to an investment portfolio. Each unit offers 2 bedrooms and 1 bathroom with functional, single-level living. and each has its own private garage. The home is 1240 SF & each side of the duplex is 948 SF. This large lot, nearly an acres in size, presents potential for future development or expansion (buyer to verify), adding additional upside to an already compelling asset. Well water and septic systems help keep operating expenses low, enhancing overall returns. Offered at nearly a 6% cap rate with room for rent growth, this property provides both immediate income and long-term appreciation potential in a desirable location for stable tenancy.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Graham
Listed
Mar 27, 2026
Financial Summary
Cap Rate
5.80%
Net Operating Income
$45,699
Gross Scheduled Income
$60,456
Gross Rent Multiplier
12.80
Total Expenses
$11,734
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,168
Leasable Area
3,168 sqft
Total Units
3
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
36,094 sqft
Year Built
1977
Exterior & Lot
Lot Size
0.83 sqft
Year Built
1977
Garage
3 spaces
Exterior Materials
Wood
Parking
RV Parking
Sewer
Septic Tank
Water Source
Public, Shared Well
Lot Features
Corner Lot, Paved
Exterior Features
Wood Products
Location
City
Graham
County
Pierce
Coordinates
47.07105, -122.30693
Additional Information
Tax Year
2025
Annual Taxes
$7,343
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
