1738 1740 Violet Meadow Street S, Tacoma, WA 98444
- $650,000
- 1,968
- SqFt
Listing courtesy of eXp Realty. Selling Office: Windermere RE South Sound, Inc.
- Sold Price
- $650,000
- List Price
- $650,000
- Status
- SOLD
- MLS#
- 2340611
- Closing Date
- Jun 12, 2025
- Days on Market
- 15
- Style
- 52 - Duplex
- Finished SqFt
- 1,968
- Area Total SqFt
- 1968
- Annual Tax Ammount
- 5654
- Lot Size (sq ft)
- 12,500
- Sewer
- Sewer Connected
Property Description
Located in a prime Parkland location just minutes from Pacific Lutheran University, this well-maintained duplex offers a great unit mix: a 2-bed/1.75 bath and a 4-bed/1 bath, both currently rented for a solid income stream. Unit 1738 has been fully updated with new kitchen cabinets, countertops, flooring, and modernized bathrooms, while Unit 1740 boasts fresh paint and new flooring. A huge 960 sqft detached garage provides ample storage or workspace potential. Both units enjoy covered decks and fenced backyards for added outdoor space. With its prime proximity to PLU, JBLM, restaurants, shopping, and bus lines, this duplex is an excellent investment opportunity not to be missed!
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Additional Information
- List Date
- 2025-05-28 00:00:00
- Community
- Parkland
- Net Operating Income
- $43,445
- Gross Adjusted Income
- $54,150
- Gross Scheduled Income
- $57,000
- Total Monthly Income
- $4,750
- Insurance Expenses
- $1,981
- Water/Sewer/Garbage Expenses
- $3,070
- Gross Rent Multiplier
- 11.5
- Total Expenses
- $10,705
- Cap Rate
- 6.7
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 1738 1740
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1964
- View
- Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Outbuildings, RV Parking, Shop
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,750
- Gross Scheduled Income
- $57,000
- Vacancy Rate
- 5
- Gross Adjusted Income
- $54,150
- Tax Year
- 2024
- Insurance Expense
- $1,981
- W/S/G Expenses
- $3,070
- Total Expenses
- $10,705
- Net Operating Income
- $43,445
- Gross Rent Multiplier
- 11.5
- Cap Rate
- 6.7
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.