2119 N 26th Street, Tacoma, WA 98403

$699,000
1,408
SqFt

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Listing courtesy of Commencement Bay Brokers LLC. Selling Office: COMPASS.

Sold Price
$699,000
List Price
$699,000
Status
SOLD
MLS#
2361741
Closing Date
Jun 09, 2025
Days on Market
15
Style
52 - Duplex
Building Condition
Average
Finished SqFt
1,408
Area Total SqFt
1408
Annual Tax Ammount
8144
Internet Provider
Comcast
Lot Size (sq ft)
3,754
Sewer
Sewer Connected

Property Description

Located on a quiet street just a few blocks from Old Town shops and restaurants, this 1907 Victorian Four Square enjoys commanding views of Commencement Bay and Vashon Island. The property is currently configured as a duplex with two 1 bedroom, 1 bath apartments and a total projected annual gross revenue of $48K. Both units will be delivered vacant at closing, though vacancies have been rare. The units are separately metered, each with its own laundry facilities, and they share a fenced back yard and a large unfinished basement for storage. The lower unit has a large view deck, and there's a parking pad off the alley. The property, which is surrounded by million dollar homes, could easily be converted back to a single family residence.

Additional Information

List Date
2025-05-25 00:00:00
Community
Old Town
Net Operating Income
$35,497
Gross Adjusted Income
$48,000
Gross Scheduled Income
$48,000
Total Monthly Income
$4,000
Insurance Expenses
$1,400
Water/Sewer/Garbage Expenses
$2,459
Gross Rent Multiplier
14.56
Total Expenses
$12,503
Cap Rate
5.08
Total Number of Units
2
Unit Name
2119
Potential Terms
Cash Out, Conventional, FHA, VA Loan
Year Built
1907
View
Bay, Mountain(s), Sound
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet
Other Expenses
500
Energy Source
Electric
School District
Tacoma
Elementary School
Lowell
Middle School
Hilltop Heritage Middle
High School
Stadium
Total Monthly Income
$4,000
Gross Scheduled Income
$48,000
Gross Adjusted Income
$48,000
Tax Year
2025
Insurance Expense
$1,400
W/S/G Expenses
$2,459
Total Expenses
$12,503
Net Operating Income
$35,497
Gross Rent Multiplier
14.56
Cap Rate
5.08
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.
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