Updated Tacoma duplex in a prime location within walking distance of light rail and close to downtown amenities. The up-down configuration features 2-bedroom, 1-bath units, each with a living area, kitchen, and its own laundry. There are no shared interior spaces, and electricity and water are separately metered. A comprehensive remodel from the studs out in 2016 included a new roof, windows, plumbing, electrical systems, and much more. The lower unit rents for $1,600 per month to a reliable, long-term tenant, while the recently vacated upper unit offers flexibility to move in, lease long term, or explore short-term rental use. The upper unit previously operated as a successful Airbnb benefiting from its proximity to downtown Tacoma. The projected 6.38% cap rate assumes an upper-unit rent of $1,600 per month - matching the rate of the lower unit and below current market rent - leaving additional income potential beyond the stated projection. Overall, this is an excellent investment opportunity with a proven rental track record and the added flexibility of owner occupancy.
| MLS # | 2594657 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1890 |
| Days On Site | 16 |
| Listing Provided By | Windermere Prof Partners | Drew Staudt |
| SQ Feet | 1,596 |
|---|---|
| Story(s) | 2 |
| Units | 2 |
| Zoning | Residential |
| Acreage | 0.03 |
| Property View | Yes |
| Property | 4311 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98405 |
| Area | 29 Central Tacoma |
| Community Name | New Tacoma |
| Listing VS Median (in New Tacoma) | |
Price: $499,900 low | high Med: $418,999 sqft: 1,596 low | high Med: 1,407 $ / sqft: $313 low | high Med: $298 On site: 16 low | high Med: 171 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98405 |
| Area | 29 Central Tacoma |
| Community Name | New Tacoma |
| Listing VS Median (in New Tacoma) | |
Price: $499,900 low | high Med: $418,999 sqft: 1,596 low | high Med: 1,407 $ / sqft: $313 low | high Med: $298 On site: 16 low | high Med: 171 | |