1301 S 54th Street, Tacoma, WA 98408
- $670,000
- 2,720
- SqFt
Listing courtesy of Windermere Central Sound. Selling Office: Skyline Properties, Inc..
- Sold Price
- $670,000
- List Price
- $765,000
- Status
- SOLD
- MLS#
- 2369676
- Closing Date
- Mar 23, 2026
- Days on Market
- 271
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,720
- Area Total SqFt
- 2720
- Annual Tax Ammount
- 9209
- Lot Size (sq ft)
- 6,250
- Sewer
- Sewer Connected
Property Description
Classic 60's rambler, brick 4 plex style. Landlords & tenants alike love these buildings because they're well built & the units have great, functional layouts. This one is no exception, w/timeless style & design that really enhances livability & allows the landlord to charge premium rents. Bring your cosmetic ideas, all the units need is some cosmetic updates & you've got a building well positioned for low maintenance renting for the next 20 years. The garage spaces are a bonus - rent them individually or consider converting them into an additional apartment or two. Conveniently located on a bus line, close to I5, and walking distance from the emerging retail corredor that is S 56th St. Hear that? That's the sound of opportunity knocking.
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Additional Information
- List Date
- 2025-06-25 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $49,413
- Gross Adjusted Income
- $72,000
- Gross Scheduled Income
- $72,000
- Total Monthly Income
- $3,117
- Insurance Expenses
- $3,000
- Water/Sewer/Garbage Expenses
- $10,378
- Gross Rent Multiplier
- 12.35
- Total Expenses
- $22,587
- Cap Rate
- 5.5600000000000005
- Total Number of Units
- 4
- Unit Name
- 1301
- Potential Terms
- Cash, Conventional, FHA, Owner Will Carry, VA Loan
- Year Built
- 1969
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, Gas Available, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Mann
- Middle School
- Giaudrone Mid Sch
- High School
- Lincoln High
- Total Monthly Income
- $3,117
- Gross Scheduled Income
- $72,000
- Gross Adjusted Income
- $72,000
- Tax Year
- 2025
- Insurance Expense
- $3,000
- W/S/G Expenses
- $10,378
- Total Expenses
- $22,587
- Net Operating Income
- $49,413
- Gross Rent Multiplier
- 12.35
- Cap Rate
- 5.5600000000000005
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.