New ListingInvestor opportunity! Well-maintained 4-plex featuring four 2-bedroom, 1-bath units in a convenient Tacoma location. Strong value-add potential with long-term tenants and significantly below-market rents, offering investors the opportunity to increase cash flow over time. Current ownership has intentionally kept rents low for many years. All tenants are currently on month-to-month leases, providing additional flexibility for future management and rent adjustments. Recent major capital improvement includes a new roof installed in 2025. Each unit offers functional layouts, off-street parking, and strong rental demand in the area. Ideal for investors seeking stable occupancy today with the ability to enhance returns through future rent adjustments. Conveniently located near shopping, dining, schools, transit, and major commuter routes. Rare opportunity to acquire a 4-plex with immediate income and significant long-term growth potential.
| MLS # | 2590238 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1986 |
| Days On Site | 3 |
| Listing Provided By | TS Property Management | Justin Park |
| SQ Feet | 3,306 |
|---|---|
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Acreage | 0.29 |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98404 |
| Area | 64 Parkland | Midland |
| Community Name | Tacoma |
| Listing VS Median (in Tacoma) | |
Price: $729,950 low | high Med: $489,000 sqft: 3,306 low | high Med: 1,816 $ / sqft: $221 low | high Med: $269 On site: 3 low | high Med: 73 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98404 |
| Area | 64 Parkland | Midland |
| Community Name | Tacoma |
| Listing VS Median (in Tacoma) | |
Price: $729,950 low | high Med: $489,000 sqft: 3,306 low | high Med: 1,816 $ / sqft: $221 low | high Med: $269 On site: 3 low | high Med: 73 | |