702 N L Street, Tacoma, WA 98403
- $875,000
- 3,084
- SqFt
Listing courtesy of Windermere Abode.
- List Price
- $875,000
- Status
- PENDING
- MLS#
- 2538380
- Days on Market
- 27
- Style
- 55 - 5-9 Units
- Finished SqFt
- 3,084
- Area Total SqFt
- 3084
- Annual Tax Ammount
- 8400
- Internet Provider
- Xfinity, Click
- Lot Size (sq ft)
- 9,750
- Sewer
- Sewer Connected
Property Description
Welcome to this single level brick 5-plex in great North End Tacoma location. Well maintained property includes three 1 bedroom units, one studio unit and one 2 bedroom unit. 2 bd unit includes washer & dryer in unit. Strong rental history. Current rents are below market value. 3 single car garages can be rented as storage for additional income. Additional carport with space for 2 cars. New roof - May 2026. Convenient location in close proximity to bus line, grocery store, restaurants and downtown Tacoma amenities. Quick, easy freeway access. Investment opportunity!
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Additional Information
- List Date
- 2026-06-30 08:13:10
- Community
- North Tacoma
- Net Operating Income
- $51,627
- Gross Adjusted Income
- $75,780
- Gross Scheduled Income
- $75,780
- Total Monthly Income
- $5,440
- Insurance Expenses
- $231
- Water/Sewer/Garbage Expenses
- $7,002
- Gross Rent Multiplier
- 11.55
- Total Expenses
- $23,573
- Cap Rate
- 5.9
- Total Number of Units
- 5
- Unit Name
- 702
- Potential Terms
- Cash, See Remarks
- Year Built
- 1949
- Roof
- Composition
- Electric Expenses
- 777
- Other Expenses
- 7162
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $5,440
- Gross Scheduled Income
- $75,780
- Gross Adjusted Income
- $75,780
- Tax Year
- 2025
- Insurance Expense
- $231
- W/S/G Expenses
- $7,002
- Total Expenses
- $23,573
- Net Operating Income
- $51,627
- Gross Rent Multiplier
- 11.55
- Cap Rate
- 5.9
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.