About this home

Looking to expand your Tacoma multifamily portfolio or make your first investment? This fourplex offers a strong value-add opportunity with several major improvements already completed or underway. The exterior has been freshly painted, two units have been fully renovated, and two additional units have received bathroom updates. The crawl space has also been improved with a new vapor barrier and insulation, and a New Roof just installed! Additional upside remains in the two units that have not yet been fully renovated, along with the opportunity to bring rents closer to current market levels. With an effective renovation and leasing strategy, the property offers the potential to improve cash flow, target approximately a 6% return, and build long-term equity through increased income and property value. A solid opportunity for an investor looking to improve an existing asset, increase rents and unlock additional value in the Tacoma market.

Exterior features

Wood Products

Property details

Heating: Baseboard
Cooling: None
Flooring: Vinyl, Carpet
Lot: Paved
Water source: Public
Sewer: Available

Costs

Annual taxes: $9,393 (2026)

Estimate your monthly payment

$5,076/mo

Principal & interest: $4,293
Property taxes: $783

Down payment (20%) $169,800 Interest rate (%) Loan term (years)

Loan amount $679,200

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Tacoma, WA 98404

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Keller Williams Rty Tacoma— Brian Thayer.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

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