Situated in a vibrant neighborhood with easy access to shopping, dinings and essentials, this mixed-use property offers an excellent opportunity for any investor! Currently delivering a solid 10% cap rate, the building features five fully rented studio units and additional income from prominent street signage—a source of passive revenue. Its strategic location ensures easy connectivity to major retail hubs and top regional employers, including Joint Base Lewis-McChord (JBLM) and the growing South Sound healthcare sector, driving consistent tenant demand and stable occupancy. Take advantage of Tacoma’s affordability, economic momentum, and growing appeal—this is your chance to invest in a rising market with real long-term potential.
Liberty Real Estate, LLCLicense #130631Listed on: 05/30/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2385372
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$3,238
Year Built
Built in 1965
Home Design
Quadruplex
Flat Roof Shape
Brick Exterior Construction
Block Foundation
Wood Siding
Wood Composite
Interior Spaces
4 Bathrooms
2,440 Sq Ft Home
1-Story Property
Parking
5 Parking Spaces
Open Parking
Additional Features
4,600 Sq Ft Lot
Baseboard Heating
Community Details
No Home Owners Association
Se Tacoma Subdivision
Listing and Financial Details
Tax Lot 7610000060
Assessor Parcel Number 7610000060
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$3,238
Year Built
Built in 1965
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 54 - 4-Plex
Year Built: 1965
MLS Status: Active
Prev Status: Active
Building Name: 202
New Construction: No
CalculatedSquareFootage: 2440
EffectiveYearBuiltSource: Public Records
Special Features: None
Cumulative Days on Market: 95
Interior Features
Possible Use: Commercial, Residential
Fireplace: No
Stories: 1
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Exterior Features
Roof: Flat
View: No
Waterfront: No
Construction Type: Brick, Wood
Exterior Features: Brick, Wood, Wood Products
Foundation Details: Block
Property Condition: Fair
Structure Type: Quadruplex
Garage/Parking
Carport Y N: No
Open Parking Spaces: 5
Open Parking: Yes
Total Parking Spaces: 5
ParkingUncoveredSpaces: 5
Utilities
Sewer: Sewer Connected
Water Source: Community
Cooling: None
Cooling Y N: No
Heating: Baseboard
Heating Yn: Yes
PowerCompany: Tacoma
WaterCompany: Tacoma Utility
WaterSewerGarbage: 4885
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: Tacoma
Lot Info
Parcel Number: 7610000060
Lot Size Acres: 0.1056
Lot Size Sq Ft: 4600
Zoning Description: Commercial,Residential
Irrigation Water Rights: No
ShowMapLink: true
MLSLotSizeSource: realist
MLSSquareFootageSource: realist
ZoningJurisdiction: City
LotNumber: 7610000060
Green Features
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 8.1
LeasedItems: None
TotalMonthlyIncome: 4400
Multi Family
Gross Scheduled Income: 52800
Net Operating Income: 41057
Number Of Units Total: 5
Insurance Expense: 1120
Leasable Area: 2400
EnergySource: Electric
UnitsInBuildingTotal: 5
UnitsBelowGrade: true
VacancyRate: 0
Tax Info
Year: 2024
Tax Annual Amount: 3238
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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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 AssessmentTax 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
2025
$3,238
$334,100
$159,000
$175,100
2024
$3,238
$319,600
$144,500
$175,100
2023
$3,238
$290,500
$144,500
$146,000
2022
$3,038
$290,500
$144,500
$146,000
2021
$2,025
$160,600
$82,500
$78,100
2019
$1,825
$160,800
$75,900
$84,900
2018
$1,922
$140,000
$69,200
$70,800
2017
$1,781
$121,400
$62,500
$58,900
2016
$2,526
$110,300
$62,500
$47,800
2014
$2,938
$145,200
$77,400
$67,800
2013
$2,938
$145,100
$81,400
$63,700
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
05/30/202505/30/25
For Sale
$599,995
--
$246 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
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