Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 4.95% CAP RATE with upside potential!! Each unit is single-level, 1 bed/1 bath, with proven 0% vacancy rate. Recent improvements include a brand-new metal roof, refreshed exterior, and two updated units with luxury vinyl plank flooring and new paint. Added income from on-site coin-op laundry plus private storage for each unit. A hedge against inflation, this property produces steady monthly cash flow and offers tax advantages. With strong occupancy, rental demand, and income streams, it combines reliability with growth potential. Prime location near a new elementary school, PLU, JBLM, retail, dining, and quick access to WA-512 & I-5. Please do not disturb occupants.
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Listing Snapshot
Price
$750,000
Days On Site
19 Days
Bedrooms
N/A
Inside Area (SqFt)
2,546 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1607 Acres
Year Built
1957
MLS® Number
2438390
Status
Active
Property Tax
$6,603
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
3 weeks ago
Listing updated with changes from the MLS®
3 weeks ago
Listing first seen on site
General Features
Acres
0.1607
Number Of Stories
1
Parking Spaces
10
Property Sub Type
Multi Family
SqFt Total
2546
Utilities
Cable AvailableSewer Available
Water Source
Public
Interior Features
Cooling
Wall Unit(s)
Flooring
LaminateCarpetVinyl
Heating
Electric
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Exterior Features
Construction Details
Stucco
Fencing
Partial
Lot Features
Corner LotPaved
Patio And Porch
Patio
Roof
Metal
Community Features
Association Amenities
Coin LaundryStorage
Financing Terms Available
AssumableConventionalFHAVA Loan
MLS Area
63 - Parkland
School District
Franklin Pierce
Schools
School District
Franklin Pierce
Elementary School
James Sales Elem
Middle School
Perry G Keithley Mid
High School
Wash High
Courtesy of NWMLS
Listing courtesy of William Weflen of Berkshire Hathaway HS NW
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-10-20 01:38 PM PDT
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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