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$945,000

1101 Woodlawn Street #1-4

Tacoma, WA 98465

Active

Beds

Baths

Sq Ft

Lot

0.24 ac

Year built

1977

Type

Residential Income

Days listed

3

MLS #

2573776

About this home

*RARE UR-3 INVESTMENT + DEVELOPMENT OPP - EXISTING 4-PLEX ON 10,251 SF LOT* Perfect if you're looking for your first rental property or wanting to expand your current portfolio! This fourplex near Tacoma's North End features four spacious 3-bed, 1.5-bath units, each with full w/d + f/p. Units 1 & 4 remodeled (est $15k) AUG '26 & have been kept vacant for new owners, providing your chance to capture market rents & recapture w/s/g via RUBS. Target 6.25%+ CAP. House hackers, occupy one while the other 3 pay your mortgage. Fresh ext paint, newer water heaters, new flooring, int paint. The 3-bed floor plans are attractive to renters, appealing to groups of 4+ seeking more space without the cost of a home. Location is an advantage. Very convenient self-storage facility right next door. Great access to I-5, SR-16 & services, while remaining close to hip 6th Ave & downtown. For commuters to JBLM or going north to King Co, the area provides major transportation options. Whether you're a seasoned investor looking to increase rents & build long-term equity or an owner-occupant seeking a smart house-hack, this property offers multiple paths to maximize your investment & deserves your serious consideration. A chance to acquire a 4plex with 3-bed units with immediate upside or owner-occupant flexibility are increasingly difficult to find in today's market. No HOA, clean records, easy to self-manage. Seller's exit is your gain. Buyer to verify measurements, rents & financing eligibility.

Exterior features

BrickWood

Schools

Elementary

Buyer To Verify

Middle

Buyer To Verify

High

Buyer To Verify

Property details

Heating
Baseboard
Cooling
None
Flooring
Laminate, Vinyl Plank
Lot
Alley, Dead End Street
Water source
Public
Sewer
Sewer Connected

Costs

Annual taxes
$9,978 (2026)

Estimate your monthly payment

$5,610/mo

Principal & interest
$4,778
Property taxes
$832
Loan amount $756,000

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 98465

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Multifamily Properties— Brandon M Vukelich.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.

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