Property Attributes
- ID#2518189
- TypeMulti-Family
- CountyPIERCE
- CityTacoma
- AreaSouth Tacoma
- NeighborhoodSouth Tacoma
- Zip98409
- Style4-Plex
- Year Built2006
- Taxes$ 10734
- Price$ 1,399,900
- Bedrooms12
- Full Bathrooms8
- Half Bathrooms0
- Sqr Footage4936
- Lot Size0.1244 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
Don't miss the chance to use this incentive to make this great investment even better! Exceptional investment opportunity with this well-maintained 4-plex offering strong income potential and low owner expenses. Each of the four spacious units features 3 bedrooms and 1.75 bathrooms, designed to live like townhomes with only one shared wall for added privacy and comfort. Property highlights include a brand-new roof installed in 2025, attached one-car garages for every unit, and separate utility metering allowing tenants to cover their own utilities and keeping landlord costs minimal. Ownership is simplified with expenses limited primarily to insurance and property taxes. Ideally located near shopping, dining, schools, and major commuter routes, this property offers convenience tenants will appreciate and investors will value. A rare combination of size, functionality, and efficiency perfect for both seasoned and first-time investors.
| Price History | |
|---|---|
| 5/5/2026 | Listed $1,499,000 |
| 5/29/2026 | 4$1,449,000 |
| 6/25/2026 | 2$1,429,000 |
| 8/5/2026 | 3$1,399,900 |
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Wall Furnace |
| Cooling | None |
| Possession | Closing,See Remarks,Subject To Tenant Rights |
| Roof | Composition |
| Garage Spaces | 4 |
| Year Built | 2006 |
| View | Territorial |
| Property Subtype | Multi Family |
| Tax Year | 2026 |
| County | Pierce |
| Net Operating Income | 91816 |
| Insurance Expense | 4250 |
| New Construction | No |
| Property Type | Residential Income |
| HOA | No |
| Subdivision Name | South Tacoma |
| Special Listing Conditions | None |
| Status | Active |
| Directions | West on S 56th St,North on S Oakes St,West on S 47th St,North on S Puget Sound Ave,Duplex is on left corner. |
| City | Tacoma |
| Senior Community Y/N | No |
| High School District | Tacoma |
| Number Of Units Total | 4 |
| MLS Area | 47 - South Tacoma |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 5418 |
| Carport Y/N | No |
| Listing Terms | Assumable,Conventional,FHA,VA Loan |
| Tax Annual Amount | 10734 |
| Public Remarks | Don't miss the chance to use this incentive to make this great investment even better! Exceptional investment opportunity with this well-maintained 4-plex offering strong income potential and low own |
| Leasable Area | 4936 |
| Virtual Tour | https://my.matterport.com/show/?m=8SgfmNdaKC6&nt=1&brand=0&mls=1& |
| Structure Type | Quadruplex |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Company | TPU |
| Units Below Grade | false |
| Units In Building Total | 4 |
| Property Style | 54 - 4-Plex |
| Cap Rate | 6.33 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Ceramic Tile,Vinyl,Vinyl Plank,Carpet |
|---|---|
| Total Stories | 2 |
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Power Production Type | Electric |
Exterior Features
| Exterior Amenities | Cement Planked |
|---|---|
| Lot Features | Curbs,Paved,Sidewalk |
| Water Source | Public |
| Total Parking | 8 |
| Foundation Details | Poured Concrete |
| Building Area Total | 4936 |
| Lot Size Acres | 0.1244 |
| Waterfront Y/N | No |
| Covered Spaces | 4 |
| Irrigation Water Rights Y/N | No |
| Site Features | Cable TV,High Speed Internet |
| Parking Uncovered Total | 4 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 98409
In The Neighborhood
Tacoma
$ 430,000
- Type
- Multi-Family | Active
- Size
- 1,728 SqFt
- Rooms
- 3 Beds + 3 Baths
Listed by: BCR LLC
Tacoma
$ 699,000
- Type
- Multi-Family | Active
- Size
- 23,350 SqFt
- Rooms
- 1 Beds + 1 Baths
Listed by: Windermere Prof Partners
Tacoma
$ 899,950
- Type
- Multi-Family | Active
- Size
- 3,672 SqFt
- Rooms
- 8 Beds + 4 Baths
Listed by: Windermere Prof Partners
Tacoma
$ 799,950
- Type
- Multi-Family | Active
- Size
- 3,328 SqFt
- Rooms
- 8 Beds + 4 Baths
Listed by: Pellego, Inc.
Tacoma
$ 720,000
- Type
- Multi-Family | Active
- Size
- 1,840 SqFt
- Rooms
- 4 Beds + 3 Baths
Listed by: eXp Realty
Tacoma
$ 565,000
- Type
- Multi-Family | Active
- Size
- 1,924 SqFt
- Rooms
- 5 Beds + 2 Baths
Listed by: eXp Realty
Tacoma
$ 500,000
- Type
- Multi-Family | Active
- Size
- 1,495 SqFt
- Rooms
- 4 Beds + 2 Baths
Listed by: WA Move Real Estate LLC
Tacoma
$ 625,000
- Type
- Single Family
- Size
- 2,331 SqFt
- Rooms
- 5 Beds + 2 Baths
Listed by: Redfin
Tacoma
$ 1,275,000
- Type
- Multi-Family | Active
- Size
- 4,936 SqFt
- Rooms
- 12 Beds + 8 Baths
Listed by: Redfin
Tacoma
$ 674,950
- Type
- Multi-Family | Active
- Size
- 2,564 SqFt
- Rooms
- 5 Beds + 3 Baths
Listed by: Theory Real Estate
Tacoma
$ 525,000
- Type
- Multi-Family | Active
- Size
- 2,826 SqFt
- Rooms
- 7 Beds + 4 Baths
Listed by: Van Dorm Realty, Inc