6619 -6621 S Monroe Street, Tacoma, WA 98409
- $499,500
- 1,768
- SqFt
Listing courtesy of Keller Williams Rty Tacoma.
- List Price
- $499,500
- Status
- PENDING
- MLS#
- 2529838
- Price Change
- ▼ $15,500 1783129990
- Days on Market
- 32
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 1,768
- Area Total SqFt
- 1768
- Annual Tax Ammount
- 4883
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
Positioned in the heart of South Tacoma, this well-maintained duplex presents a compelling investment and value-add opportunity in a strong rental market. Ideal for investors seeking stable cash flow, tenant flexibility, or owner-occupants looking to offset housing expenses with supplemental income. The property has benefited from numerous recent capital improvements including a newer roof (approximately 8 years old), exterior paint, updated windows, exterior doors, new flooring throughout, interior paint, All New Crawl space insulation and Vapor Barrier and newer hot water tanks. These upgrades help minimize near-term maintenance costs while enhancing tenant appeal. Potential for a third unit, acccess with door on east side of building. The property offers four on-site parking spaces, including two covered spaces with convenient paved alley access. The east unit features a wrap-around deck with territorial and mountain views, while the west unit includes a private fenced yard, providing desirable outdoor amenities for tenants or owner occupancy. Centrally located with convenient access to major commuter trains, retail, and employment centers, this duplex offers strong long-term upside potential for both income growth and future appreciation. Rents are pro forma based on current market trends.
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Additional Information
- List Date
- 2026-06-24 23:35:13
- Community
- South Tacoma
- Net Operating Income
- $35,889
- Gross Adjusted Income
- $43,512
- Gross Scheduled Income
- $46,200
- Total Monthly Income
- $3,850
- Insurance Expenses
- $1,900
- Water/Sewer/Garbage Expenses
- $840
- Gross Rent Multiplier
- 11
- Total Expenses
- $7,623
- Cap Rate
- 6.9
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 6619 -6621
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1974
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Fully
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $3,850
- Gross Scheduled Income
- $46,200
- Vacancy Rate
- 2
- Gross Adjusted Income
- $43,512
- Tax Year
- 2026
- Insurance Expense
- $1,900
- W/S/G Expenses
- $840
- Total Expenses
- $7,623
- Net Operating Income
- $35,889
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.9
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.