Listed by Liberty Real Estate, LLC
$599,995

Estimated payment $3,533/month

Total Views 4,681
-- Bed
4 Baths
2,440 Sq Ft
$246 Price per Sq Ft

Highlights

  • No HOA
  • Wood Siding
  • 1-Story Property
  • Baseboard Heating

About This Home

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.

Listing Agent

Annie Bui

Liberty Real Estate, LLC License #130631 Listed on: 05/30/2025

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2385372

Northwest Multiple Listing Service (NWMLS)

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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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
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
05/30/2025 05/30/25 For Sale $599,995 -- $246 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $265,000 Ticor Title
Warranty Deed $250,000 Pnwt
Warranty Deed $103,000 Chicago Title Insurance Comp
Warranty Deed $59,900 Chicago Title Insurance Co
Trustee Deed $59,500 --
Warranty Deed $130,911 Commonwealth Title Company
Warranty Deed $58,359 --
Warranty Deed -- Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $85,000 Commercial
Previous Owner $97,500 Commercial
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2385372

Northwest Multiple Listing Service (NWMLS)

APN: 761000-0060