1706 E 56th Street, Tacoma, WA 98404
- $800,000
- 3,752
- SqFt
Listing courtesy of RE/MAX Northwest. Selling Office: HomeSmart Real Estate Assoc.
- Sold Price
- $800,000
- List Price
- $835,000
- Status
- SOLD
- MLS#
- 2343028
- Closing Date
- May 27, 2025
- Days on Market
- 41
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,752
- Area Total SqFt
- 3752
- Annual Tax Ammount
- 7707
- Internet Provider
- XFINITY
- Lot Size (sq ft)
- 7,000
- Sewer
- Sewer Connected
Property Description
Located across Swan Creek Park & E. Side Comm Cntr! This Fourplex offers an excellent addition to any investment portfolio. Each 2BD/1BA is 938 sqft and updated within the last (5) years. Updated kitchens w/ quartz counter tops, dishwasher, refreshed bathrooms, LVP flooring, washer/dryer(in-unit), cozy fireplace (#1 & #3) and secured entry. Tenants pay their own electricity (metered), while W/S/T(utility fee) are billed back by the landlord. New roof installed in 2019, limited landscaping and a 12-stall parking lot. Housing demand remains strong and rent upside provides opportunity, this low-maintenance value-add investment can grow or start your portfolio. Easy access to key areas; Dwtn, UW, Tac. Mall or EQC + I-5. Don't Miss Out
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Additional Information
- List Date
- 2025-04-16 00:00:00
- Community
- East Tacoma
- Net Operating Income
- $54,374
- Gross Scheduled Income
- $78,060
- Total Monthly Income
- $6,005
- Insurance Expenses
- $2,676
- Water/Sewer/Garbage Expenses
- $7,200
- Gross Rent Multiplier
- 11
- Total Expenses
- $23,686
- Cap Rate
- 6.2
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 1706
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1983
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Other Expenses
- 6103
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $6,005
- Gross Scheduled Income
- $78,060
- Vacancy Rate
- 5
- Tax Year
- 2024
- Insurance Expense
- $2,676
- W/S/G Expenses
- $7,200
- Total Expenses
- $23,686
- Net Operating Income
- $54,374
- Gross Rent Multiplier
- 11
- Cap Rate
- 6.2
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.