Listed by Terrafin
$850,000
NEW CONSTRUCTION

906 104th Street Ct S Parkland, WA 98444

Midland Neighborhood

Estimated payment $5,371/month

Total Views 3,108
7 Beds
7 Baths
2,504 Sq Ft
$339 Price per Sq Ft

Highlights

  • Under Construction
  • No HOA
  • High Efficiency Heating System
  • Engineered Wood Flooring
  • High Efficiency Air Conditioning
  • High Speed Internet

About This Home

Rent by the room! Large homesite offering 7 private bedrooms with a full bath, 27" cabinet, microwave & mini-fridge. Rent each bed to maximize ROI. A pro-forma cap rate of 9% w/ this new construction. Features solid core doors, individual electronic door locks on each bed, ductless mini-split heating/cooling, 2 electrical panels, irrigation system, 2 hot water tanks, 2 W/D set ups & two full kitchens (1 in main home & 1 in attached ADU). ADU has separate entrance & storage & camera system. Built for long term durability & low maintenance (all LVP flooring, all countertops & window seals quartz). At a market cap rate of 5.5% this property has a valuation of $1,250,000 Great investment opportunity.

Listing Agent

Prana Briggs

Terrafin License #24002760 Listed on: 06/02/2025

Terrafin

Co-Listing Agent

Dennis Folk

Terrafin License #25739

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2385952

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,000

Year Built

  • Built in 2024 | Under Construction

Lot Details

  • 7,923 Sq Ft Lot

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Cement Board or Planked
  • Wood Composite

Interior Spaces

  • 2,504 Sq Ft Home
  • 3-Story Property

Flooring

  • Engineered Wood
  • Carpet

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Parking

  • 4 Parking Spaces
  • 1 Covered Space

Utilities

  • High Efficiency Air Conditioning
  • Central Air
  • High Efficiency Heating System
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Phoebe's Meadow Condos
  • Tacoma Subdivision

Listing and Financial Details

  • Tax Lot 3
  • Assessor Parcel Number 0319058026

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,000

Year Built

Built in 2024 | Under Construction

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 2024
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Phoebe's Meadow
  • New Construction: Yes
  • CalculatedSquareFootage: 2504
  • EffectiveYearBuiltSource: Public Records
  • EstimatedCompletionDate: 2025-08-18
  • NewConstruction: Under Construction
  • Special Features: NewHome
  • Cumulative Days on Market: 53

Interior Features

  • Total Bedrooms: 7
  • Fireplace: No
  • Flooring: Engineered Hardwood, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved
  • View: No
  • Waterfront: No
  • Construction Type: Cement Plank, Wood
  • Exterior Features: Cement Planked, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Under Construction
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 1
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: 90%+ High Efficiency, Central A/C
  • Cooling Y N: Yes
  • Heating: 90%+ High Efficiency, Ductless
  • Heating Yn: Yes
  • PowerCompany: PSE
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 3000

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Franklin Pierce

Lot Info

  • Parcel Number: 0319058026
  • Lot Size Acres: 0.1819
  • Lot Size Sq Ft: 7923
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: county records
  • MLSSquareFootageSource: builder plans
  • ZoningJurisdiction: County
  • LotNumber: 3

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 9.65
  • LeasedItems: None
  • TotalMonthlyIncome: 7334

Multi Family

  • Gross Scheduled Income: 88000
  • Net Operating Income: 69540
  • Number Of Units Total: 2
  • Electric Expense: 2660
  • Insurance Expense: 3000
  • Leasable Area: 2504
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2024
  • Tax Annual Amount: 8000

MLS Schools

  • Elementary School: Buyer To Verify

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 For Sale $850,000 -- $339 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2385952

Northwest Multiple Listing Service (NWMLS)