4552 S Puget Sound Avenue, Tacoma, WA 98409

$1,350,000
4,936
SqFt

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Listing courtesy of Redfin.

List Price
$1,350,000
Status
ACTIVE
MLS#
2521673
Days on Market
40
Style
54 - 4-Plex
Building Condition
Good
Finished SqFt
4,936
Area Total SqFt
4936
Annual Tax Ammount
10860
Internet Provider
Comcast/CentruyLink
Lot Size (sq ft)
5,418
Sewer
Sewer Connected

Property Description

Outstanding investment opportunity in this solid 4-plex, built in 2006 and showing like new. Configured as two duplexes on one lot but permitted as a fourplex, each unit offers a generous 1,234 square feet with 3 bedrooms and 2 bathrooms—plenty of space to attract quality, long-term tenants. The exterior has been well maintained throughout, minimizing deferred maintenance concerns for a new owner. Conveniently located near 47th and South Tacoma Way, with easy access to shopping, dining, commuter routes and right next to the local school bus stop. A great addition for investors seeking a turnkey property with strong bones and dependable rental appeal.

Additional Information

List Date
2026-06-16 17:13:12
Community
South Tacoma
Net Operating Income
$80,440
Gross Adjusted Income
$93,600
Gross Scheduled Income
$96,000
Total Monthly Income
$8,000
Insurance Expenses
$2,200
Water/Sewer/Garbage Expenses
$100
Gross Rent Multiplier
15.5
Total Expenses
$13,160
Cap Rate
6.5
Vacancy Rate
2
Total Number of Units
4
Unit Name
4552
Potential Terms
Cash, Conventional
Year Built
2006
Roof
Composition
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$8,000
Gross Scheduled Income
$96,000
Vacancy Rate
2
Gross Adjusted Income
$93,600
Tax Year
2025
Insurance Expense
$2,200
W/S/G Expenses
$100
Total Expenses
$13,160
Net Operating Income
$80,440
Gross Rent Multiplier
15.5
Cap Rate
6.5
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks