Description
Solid Tacoma 4-plex investment with recent renovations and strong current performance. The owner has completed major upgrades, including new water heaters, appliances, flooring, paint, and deck repairs. Based on 2025 YTD actuals with tenant utility reimbursements, the property is operating near a ~7.0% cap (~$62,800 NOI) at asking. With full occupancy and normalized expenses, stabilized projections fall in the 56% range. Strong rental corridor with $1,550$1,650/unit market rents and long-term upside. Vacant unit offers owner-occupant potential or additional rental income.
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0BEDS
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0.01ACRES
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0BATHS
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01/2 BATHS
Listing information ©2025 Northwest MLS. Listing courtesy of Real Broker LLC.
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Description
Solid Tacoma 4-plex investment with recent renovations and strong current performance. The owner has completed major upgrades, including new water heaters, appliances, flooring, paint, and deck repairs. Based on 2025 YTD actuals with tenant utility reimbursements, the property is operating near a ~7.0% cap (~$62,800 NOI) at asking. With full occupancy and normalized expenses, stabilized projections fall in the 56% range. Strong rental corridor with $1,550$1,650/unit market rents and long-term upside. Vacant unit offers owner-occupant potential or additional rental income.
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