$975500
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Bed
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Bath
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3374 SqFt
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8 DOM
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Built: 1992
- Status: Pending Inspection
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Srinivas Kasam
CEO & Founder
(650)533-3259Introducing a rare multifamily opportunity in Tacoma featuring stunning views of Commencement Bay and Downtown Tacoma. Tucked away in a quiet setting, this well-maintained asset combines strong in-place income with significant upside potential.Recent capital improvements provide peace of mind for years to come, including a new roof (2022), exterior paint (2023), and new Milgard windows installed at the rear of the building. The property is also equipped with a sprinkler system for the yard for easy yard maintenance. In 2025, the city enhanced the neighborhood with new sidewalks and street lighting, further improving curb appeal and long-term desirability. Each unit features its own private garage, a highly attractive amenity that drives tenant demand and retention. Utilities are currently paid by the owner, offering a clear value-add opportunity for future expense optimization and increased cash flow. Rents are below market, presenting substantial upside for an investor looking to capture growth in a strong location. Residents enjoy close proximity to downtown, shopping, schools, and public transit, all while benefiting from a peaceful residential environment with panoramic water and city views. Pierce county has the property assessed at $1,049,500 for year 2025. This is a turnkey asset with built-in equity growth potential in one of the South Sound’s most desirable rental corridors.
Listing Provided Courtesy of Kevin Tiwana, Triplar Properties
General Information
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NWM2484059
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Multi Family
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8 DOM
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6499.15 SqFt
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3374
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1992
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Pierce
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Residential Incom
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Multi Family
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Listing Provided Courtesy of Kevin Tiwana, Triplar Properties
Kasamestates data last checked: Mar 06, 2026 10:33 | Listing last modified Mar 05, 2026 23:42,
Source:
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