- – beds
- – baths
- 2,440 sqft
- 4,600 sqft lot
- $245 per sqft
- 1980 build
Situated in a vibrant neighborhood with easy access to shopping, dinings and essentials, this mixed-use property offers an excellent opportunity for any investor! Currently delivering a solid 10% cap rate, the building features five fully rented studio units and additional income from prominent street signage—a source of passive revenue. Its strategic location ensures easy connectivity to major retail hubs and top regional employers, including Joint Base Lewis-McChord (JBLM) and the growing South Sound healthcare sector, driving consistent tenant demand and stable occupancy. Take advantage of Tacoma’s affordability, economic momentum, and growing appeal—this is your chance to invest in a rising market with real long-term potential.
Last checked:
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Last updated Jun 15, 2025
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MLS# 2385372 —
The Building
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Year Built:1965
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Year Built:1980
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Year Built Source:Public Records
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New Construction:false
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Building Name:202
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Structure Type:Quadruplex
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Roof:Flat
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Foundation Details:Block
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Exterior Features:Brick, Wood, Wood Products
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Units In Building Total:5
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# of Units Total:6
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Stories Total:1
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Building Area Total:2440
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Building Area Units:Square Feet
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Calculated SqFt:2440
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SqFt Source:realist
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Construction Materials:Brick, Wood
Interior
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Fireplace:false
Financial & Terms
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Possession:Closing
Location
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Latitude:47.183166
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Longitude:-122.434464
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Directions:From I-5 south bound, take exit 130 to So. 56th St E, about 1.5miles, take right onto Pacific Ave S, the bldg is located on your right.
The Property
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Property Type:Residential Income
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Property Subtype:Multi Family
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Property Condition:Fair
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Parcel Number:7610000060
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Lot Number:7610000060
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Lot Size Units:Square Feet
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Lot Size Acres:0.1056
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Lot Size SqFt:4600
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Lot Size Source:realist
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Zoning Description:Commercial,Residential
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Zoning Jurisdiction:City
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View:false
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Waterfront:false
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Possible Use:Commercial, Residential
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Irrigation Water Rights:false
Listing Agent
- Contact info:
- Agent phone:
- (206) 772-5444
- Office phone:
- (206) 772-5444
Taxes
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Tax Year:2024
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Tax Annual Amount:3238
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
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Heating:Baseboard
Utilities
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Water Company:Tacoma Utility
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Water Source:Community
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Sewer:Sewer Connected
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Power Company:Tacoma
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Water Sewer Garbage:4885
Schools
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High School District:Tacoma
The Community
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Subdivision Name:Se Tacoma
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Senior Community:false
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Association:false
Parking
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Parking Total:5
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Parking Uncovered Spaces:5
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Open Parking:true
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Open Parking Spaces:5
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Carport:false
Listing courtesy of NWMLS / Liberty Real Estate, 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).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
5/30/25
May 30, 2025
|
Listed / Active | NWMLS | $599,995 | |
2/28/24
Feb 28, 2024
|
Listed / Active | NWMLS |