619 S 35th Street, Tacoma, WA 98418
- $1,134,000
- 2,934
- SqFt
Listing courtesy of Windermere Prof Partners. Selling Office: Momentum Venture Partners LLC.
- Sold Price
- $1,134,000
- List Price
- $1,179,950
- Status
- SOLD
- MLS#
- 2471932
- Closing Date
- Apr 03, 2026
- Days on Market
- 35
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 2,934
- Area Total SqFt
- 2934
- Annual Tax Ammount
- 2000
- Internet Provider
- TBD
- Lot Size (sq ft)
- 3,640
- Sewer
- Sewer Connected
Property Description
This new construction four-plex offers a high-yield investment opportunity featuring a 12-year "land only" tax abatement and a strategic mix of four units designed for maximum rentability and minimal maintenance. This property one of the best cap rates on the market at 6.3, generating $7,380 in monthly rental income with extra low expenses and maintenance. The property layout consists of two detached 1,018 SF single-family homes for maximum tenant independence and two efficient 449 SF duplex units. The detached homes are thoughtfully crafted offering a 2-bedroom, 2.5-bathroom layout where each bedroom features an ensuite bath—a design specifically chosen to accommodate housemate arrangements and increase the tenant pool. These units include premium finishes such as quartz countertops, stainless steel appliances with islands, and full-size laundry. Complementing the larger homes are two 1-bedroom, 1-bathroom duplex units that maximize space with full kitchens and in-unit washers and dryers. To ensure long-term durability and low overhead, all units are equipped with ductless mini-split HVAC systems, ERV fresh air systems for superior air quality, and faux wood blinds. Positioned near key arterials, schools, and local amenities, this turnkey property balances sophisticated site design with a robust financial profile.
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Additional Information
- List Date
- 2026-02-27 00:00:00
- Community
- Lincoln
- Net Operating Income
- $74,332
- Gross Adjusted Income
- $84,132
- Gross Scheduled Income
- $88,560
- Total Monthly Income
- $7,380
- Insurance Expenses
- $1,800
- Water/Sewer/Garbage Expenses
- $6,000
- Gross Rent Multiplier
- 14
- Total Expenses
- $9,800
- Cap Rate
- 6.3
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 619
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 2026
- View
- City, Partial
- Roof
- Composition
- Site Features
- Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $7,380
- Gross Scheduled Income
- $88,560
- Vacancy Rate
- 5
- Gross Adjusted Income
- $84,132
- Tax Year
- 2026
- Insurance Expense
- $1,800
- W/S/G Expenses
- $6,000
- Total Expenses
- $9,800
- Net Operating Income
- $74,332
- Gross Rent Multiplier
- 14
- Cap Rate
- 6.3
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.