Listed by Northmarq Multifamily, LLC
$2,995,000
$100K PRICE DROP

4019 S Puget Sound Ave Tacoma, WA 98409

South Tacoma Neighborhood

Estimated payment $19,081/month

Total Views 3,416
30 Beds
30 Baths
-- Sq Ft
-- Price per Sq Ft

Highlights

  • 0.37 Acre Lot
  • No HOA
  • Vinyl Plank Flooring

About This Home

We are pleased to present the Puget Sound Townhomes, a rare investment opportunity consisting of 10 well-maintained townhome-style units in Tacoma, WA. Each unit is 3 Beds / 2.5 Baths, approximately 1,301 sq ft with an attached garage and in unit full size WD. Built in 2007, the property consists of 5 tax parcels yielding a potential exit strategy to be sold as duplexes and single-family residences. The property is currently fully rented and operating at an in place 5.94% Cap Rate with significant rental upside to closer to a 7% Cap Rate.

Listing Agent

Brendan Greenheck

Northmarq Multifamily, LLC License #22004896 Listed on: 07/09/2025

Co-Listing Agent

Steve Fischer

Northmarq Multifamily, LLC License #87455

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2405284

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $33,527

Year Built

  • Built in 2007

Lot Details

  • 0.37 Acre Lot
  • 2890000453,2890000454,2890000455,2890000456

Home Design

  • Composition Roof
  • Wood Composite

Flooring

  • Carpet
  • Vinyl Plank

Bedrooms and Bathrooms

  • 30 Bedrooms
  • 30 Bathrooms

Parking

  • 20 Parking Spaces
  • 10 Covered Spaces
  • Open Parking

Schools

  • Reed Elementary School
  • Giaudrone Mid Sch Middle School
  • Foss High School

Additional Features

  • 2-Story Property
  • Heating System Mounted To A Wall or Window

Community Details

  • No Home Owners Association
  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2890000452

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$33,527

Year Built

Built in 2007

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 2007
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None
  • Cumulative Days on Market: 56

Interior Features

  • Total Bedrooms: 30
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 10
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 20
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Cooling: None
  • Cooling Y N: No
  • Heating: Wall Unit(s)
  • Heating Yn: Yes
  • WaterSewerGarbage: 2420.16

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Foss
  • Middle Or Junior School: Giaudrone Mid Sch

Lot Info

  • Parcel Number: 2890000452
  • Lot Size Acres: 0.3698
  • Lot Size Sq Ft: 16108
  • Additional Parcels Description: 2890000453,2890000454,2890000455,2890000456
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: County

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.17
  • LeasedItems: None
  • TotalMonthlyIncome: 268936

Multi Family

  • Gross Scheduled Income: 282793
  • Net Operating Income: 183946
  • Number Of Units Total: 10
  • Electric Expense: 1175.88
  • Insurance Expense: 5820
  • Leasable Area: 13010
  • EnergySource: Electric
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 33527

MLS Schools

  • Elementary School: Reed

Map

Range of Values:

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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
08/08/2025 08/08/25 Price Changed $2,995,000 -3.2% --
07/09/2025 07/09/25 For Sale $3,095,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2405284

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Tacoma 98409 South Tacoma

4019 S Puget Sound Ave, Tacoma, WA

This home is located at 4019 S Puget Sound Ave, Tacoma, WA 98409 and is currently priced at $2,995,000. This property was built in 2007. 4019 S Puget Sound Ave is a home located in Pierce County with nearby schools including Jennie Reed Elementary School, Angelo Giaudrone Middle School, and Foss High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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Brendan Greenheck
Listing Agent
Brendan Greenheck
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Northmarq Multifamily, LLC
(253) 600-2625