4019 S Puget Sound Avenue
Tacoma, WA 98409
Map
- – beds
- – baths
- – sqft
- 16,108 sqft lot
- 2007 build
We are pleased to present the Puget Sound Townhomes, a rare investment opportunity consisting of 10 well-maintained townhome-style units in Tacoma, WA. Each unit is 3 Beds / 2.5 Baths, approximately 1,301 sq ft with an attached garage and in unit full size WD. Built in 2007, the property consists of 5 tax parcels yielding a potential exit strategy to be sold as duplexes and single-family residences. The property is currently fully rented and operating at an in place 5.94% Cap Rate with significant rental upside to closer to a 7% Cap Rate.
Last checked:
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Last updated Jul 9, 2025
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MLS# 2405284 —
The Building
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Year Built:2007
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New Construction:false
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Structure Type:Multi Family
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Roof:Composition
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Exterior Features:Wood Products
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# of Units Total:10
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Stories Total:2
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Building Area Units:Square Feet
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Construction Materials:Wood
Interior
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Flooring:Vinyl Plank, Carpet
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.219792
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Longitude:-122.481594
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Directions:Follow I-5 S to Tacoma. Take exit 132 A from I-5 S. Continue on S 38th St. Drive to S Puget Sound Ave. Turn right onto S 38th St. Turn left onto S Puget Sound Ave. Destination on the left.
The Property
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Property Type:Residential Income
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Property Subtype:Multi Family
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Parcel Number:2890000452
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Lot Size Units:Square Feet
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Lot Size Acres:0.3698
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Lot Size SqFt:16108
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Lot Size Source:County
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View:false
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Waterfront:false
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Additional Parcels Description:2890000453,2890000454,2890000455,2890000456
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (952) 356-0100
- Office phone:
- (952) 356-0100
Taxes
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Tax Year:2025
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Tax Annual Amount:33527
The Listing
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Special Listing Conditions:None
Heating & Cooling
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Cooling:false
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Heating:true
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Cooling:None
Utilities
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Sewer:Sewer Connected
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Water Sewer Garbage:2420.16
Schools
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Elementary School:Reed
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Middle Or Junior School:Giaudrone Mid Sch
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High School:Foss
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High School District:Tacoma
The Community
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Subdivision Name:South Tacoma
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Senior Community:false
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Association:false
Parking
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Parking Total:20
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Parking Uncovered Spaces:10
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Open Parking:true
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Open Parking Spaces:10
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Carport:false
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Covered Spaces:10
Listing courtesy of NWMLS / Northmarq Multifamily, LLC
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
7/9/25
Jul 9, 2025
|
Listed / Active | NWMLS | $3,095,000 |
