5032 S 58th Street, Tacoma, WA 98409
- $697,000
- 5,435
- SqFt
Listing courtesy of Keller Williams Seattle Metro. Selling Office: Real Broker LLC.
- Sold Price
- $697,000
- List Price
- $712,000
- Status
- SOLD
- MLS#
- 2335153
- Closing Date
- Mar 28, 2025
- Days on Market
- 27
- Style
- 54 - 4-Plex
- Building Condition
- Average
- Finished SqFt
- 5,435
- Area Total SqFt
- 5435
- Annual Tax Ammount
- 8216
- Lot Size (sq ft)
- 15,860
- Sewer
- Sewer Connected
Property Description
Solid Fourplex located in Orchard Glen Estates. Value-Add Opportunity with rents well below market rates. Units are ~900SF, 2bed/1bath; upper have balconies, lower have patios & large back yards. Shared laundry facility in basement. New roof in 2019. This building uniquely features an ~1,800SF basement with full-height ceilings, offering exceptional versatility & additional income potential—rent out as storage, workshop, or maybe convert to more unit(s)? Unit D left vacant for showings; ABC tenants are very long term, month to month with no rent increases in several years. 1/3 Acre Lot. Quiet cul-de-sac location w/ convenient access to I-5 & JBLM. 8.7% Cap Rate @ Market Rents. Competitively priced to sell!
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Additional Information
- List Date
- 2025-03-01 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $64,044
- Gross Adjusted Income
- $81,860
- Gross Scheduled Income
- $84,200
- Total Monthly Income
- $4,100
- Insurance Expenses
- $1,800
- Water/Sewer/Garbage Expenses
- $6,000
- Gross Rent Multiplier
- 9
- Total Expenses
- $17,216
- Cap Rate
- 8.75
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 5032
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1978
- View
- Territorial
- Roof
- Flat, Torch Down
- Electric Expenses
- 200
- Other Expenses
- 1000
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $4,100
- Gross Scheduled Income
- $84,200
- Vacancy Rate
- 3
- Gross Adjusted Income
- $81,860
- Tax Year
- 2024
- Insurance Expense
- $1,800
- W/S/G Expenses
- $6,000
- Total Expenses
- $17,216
- Net Operating Income
- $64,044
- Gross Rent Multiplier
- 9
- Cap Rate
- 8.75
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.