Listed by Keller Williams Rty Tacoma
$525,000

Estimated payment $3,391/month

Total Views 1,209
4 Beds
2 Baths
1,600 Sq Ft
$328 Price per Sq Ft

Highlights

  • No HOA
  • Baseboard Heating
  • Wood Siding
  • Patio
  • Property is Fully Fenced
  • Carpet

About This Home

This well-maintained duplex in the heart of Tacoma presents a strong investment opportunity with future upside. Centrally located near the Tacoma Mall, major freeways, and key amenities, property offers stable rental income in a high-demand area.Major upgrades have already been completed, including a new roof in 2023,new water lines and side sewer in 2006,double-pane vinyl windows, new attic and crawl space insulation installed by TPU.Attached garage offers the opportunity to be converted into a third unit, providing even greater rental income and long-term appreciation.Whether you're an experienced investor or looking to start building your multifamily portfolio, this Tacoma duplex is a smart, strategically located asset with room to grow.

Last Listed By

Brian Thayer

Keller Williams Rty Tacoma License #72669 Listed on: 05/22/2025

Keller Williams Rty Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2377504

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,425

Year Built

  • Built in 1971

Lot Details

  • 7,254 Sq Ft Lot
  • Property is Fully Fenced
  • Property is in good condition

Home Design

  • Duplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Additional Features

  • Patio
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Cascade Park Condos
  • Tacoma Mall Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 & 2 / 30
  • Assessor Parcel Number 2890001581

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,425

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 52 - Duplex
  • Year Built: 1971
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Cascade Park
  • New Construction: No
  • CalculatedSquareFootage: 1600
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 8

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 4
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2890001581
  • Lot Size Acres: 0.1665
  • Lot Size Sq Ft: 7254
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Fully,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City
  • LotNumber: 1 & 2

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 3400

Multi Family

  • Gross Scheduled Income: 40800
  • Net Operating Income: 32975
  • Number Of Units Total: 2
  • Insurance Expense: 1584
  • Leasable Area: 1600
  • EnergySource: Electric
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 2

Tax Info

  • Year: 2025
  • Tax Annual Amount: 5425

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $4,927 $475,100 $207,400 $267,700
2023 $4,927 $442,500 $198,300 $244,200
2022 $4,181 $426,900 $192,300 $234,600
2021 $3,756 $298,700 $105,500 $193,200
2019 $3,193 $279,000 $84,900 $194,100
2018 $3,177 $245,500 $74,200 $171,300
2017 $2,821 $201,000 $55,400 $145,600
2016 $2,340 $155,300 $39,400 $115,900
2014 $2,281 $134,500 $38,100 $96,400
2013 $2,281 $114,300 $35,700 $78,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/22/2025 05/22/25 For Sale $525,000 -- $328 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $91,908 --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $63,200 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2377504

Northwest Multiple Listing Service (NWMLS)

APN: 289000-1581