1601 Norpoint Way NE, Tacoma, WA 98422
- $1,250,000
- 6,720
- SqFt
Listing courtesy of Keller Williams Rty Tacoma. Selling Office: CW Realty Group.
- Sold Price
- $1,250,000
- List Price
- $1,300,000
- Status
- SOLD
- MLS#
- 2436465
- Closing Date
- Jan 12, 2026
- Days on Market
- 184
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 6,720
- Area Total SqFt
- 6720
- Annual Tax Ammount
- 12226
- Lot Size (sq ft)
- 9,110
- Sewer
- Sewer Connected
Property Description
Prime NE Tacoma 4-Plex Investment Opportunity! Don’t miss this chance to acquire a well-maintained 4-plex in the heart of Northeast Tacoma, centrally located between Federal Way and Downtown Tacoma. This property offers two spacious 3-bedroom 2- bath units (approx. 1,760 sq. ft.) and two large 2-bedroom 2- bath units (approx. 1,600 sq. ft.)—each with dedicated parking space, a private garage and upper units have private balconies. This is a true value-add opportunity with upside potential through rent increases to market levels and the ability to implement utility bill-backs. A solid investment for seasoned owners or those looking to expand their portfolio in a desirable, high-demand rental market. Perfect for owner occupancy.
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Additional Information
- List Date
- 2025-07-12 00:00:00
- Community
- Ne Tacoma
- Net Operating Income
- $61,437
- Gross Adjusted Income
- $84,972
- Gross Scheduled Income
- $87,600
- Total Monthly Income
- $7,300
- Insurance Expenses
- $3,509
- Water/Sewer/Garbage Expenses
- $7,800
- Gross Rent Multiplier
- 15.4
- Total Expenses
- $23,537
- Cap Rate
- 4.7
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 1601
- Potential Terms
- Cash, Conventional
- Year Built
- 1984
- Roof
- Composition
- Electric Expenses
- 1
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $7,300
- Gross Scheduled Income
- $87,600
- Vacancy Rate
- 3
- Gross Adjusted Income
- $84,972
- Tax Year
- 2025
- Insurance Expense
- $3,509
- W/S/G Expenses
- $7,800
- Total Expenses
- $23,537
- Net Operating Income
- $61,437
- Gross Rent Multiplier
- 15.4
- Cap Rate
- 4.7
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.