Bought with: eXp Realty
$795,000
$799,950
0.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
3,500 SqFt
SOLD DATE : 08/03/2026
Key Details
Sold Price $795,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,500 sqft
Price per Sqft $227
Subdivision South Tacoma
MLS Listing ID 2524218
Sold Date 08/03/26
Style 54 - 4-Plex
Bedrooms 8
HOA Fees $50/mo
Year Built 1977
Annual Tax Amount $8,638
Lot Size 0.382 Acres
Property Sub-Type Multi Family
Property Description
Single level 4-plex provides a great opportunity to add to an investment portfolio!*All 4 units are identical, offering 2 beds/1 bath, 875 sq ft, with all kitchen appliances included*Washer/Dryer hookups are available in each unit, plus there are outside storage areas for each tenant*Situated on a spacious corner lot in a dead end neighborhood, offering both privacy and convenience*Some landlord improvements have been recently done to a few of the units, while others present an opportunity to increase rents and add value*Roof is less than 5 years old*Current rents range from $1495 to $1550, providing a strong foundation for future growth*Property is currently generating $6340 in total monthly income with a solid 6.6% cap rate*Prime location situated on the border between Lakewood and University Place, offering tenants easy access to shopping and all amenities*Trader Joes is just 10 mins away!*Chamber's Bay is approximately a short 15-minute drive*A low maintenance, incoming generating asset in a convenient location - ideal for investors looking to expand their portfolio with both stability and upside potential*Less than $200K/door!
Location
State WA
County Pierce
Area 45 - South Tacoma
Interior
Flooring Laminate, Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Amenities Available Cable TV, Fenced-Partially, Patio
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
Elementary Schools Manitou Park
Middle Schools Gray
High Schools Mt Tahoma
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
Read Less Info
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