9210 9212 204th Street E, Graham, WA 98338

Property Description

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.

Listing Status:

Active

Data Last Updated:

May 20, 2026 at 2:19PM

Listing Office:

Keller Williams Rty Tacoma : 253-460-8640

Listing Agent:

Matt Harber : 253-460-8640

MLS ID:

2498485

Interior

• Flooring: VinylCarpet
• A/C: None
• Heating: BaseboardForced Air
• Fireplace: Fireplaces: 0

Exterior

• General: Wood Products
• Parking: RV ParkingParking spaces: 9

Construction

• Roofing: Composition
• General: 53 - Tri-plex

Location

• HOA Amenities: 0.0
• Originating MLS: nwmls
• School District: Bethel
• County: Pierce

Lot

• Zoning: 0418047001

Utilities

• Water: PublicShared Well
• Sewer: Septic Tank

Financial

• Source: nwmls