1129 Fawcett Avenue Unit #A-D, Tacoma, WA 98402
- $1,149,950
- 3,350
- SqFt
Listing courtesy of Windermere Prof Partners.
- List Price
- $1,149,950
- Status
- PENDING
- MLS#
- 2489726
- Price Change
- ▼ $20,000 1783455728
- Days on Market
- 81
- Style
- 54 - 4-Plex
- Building Condition
- Very Good
- Finished SqFt
- 3,350
- Area Total SqFt
- 3350
- Annual Tax Ammount
- 1782
- Lot Size (sq ft)
- 3,000
- Sewer
- Sewer Connected
Property Description
New Construction 4-Plex Investment Opportunity: Discover the pinnacle of low-maintenance, high-yield real estate with this newly constructed 4-plex, intelligently built as two separate duplexes, and offering the significant advantage of a 12-year property tax abatement with land-value only taxes (2026 is $1782/yr). Proven Design & Rentability: Every inch of this property is engineered for cost-efficiency and tenant retention. Each unit features high-end, durable finishes typically reserved for luxury custom homes: Modern Interiors: Commercial-grade vinyl plank flooring, stylish quartz countertops, stainless steel appliances, and a premium trim/door package. Efficiency First: Extra insulation, energy-efficient Plygem windows, and ductless mini-split heating and AC systems. Tenant Perks: In-unit full-size washers/dryers and systems specifically tested for streamlined, easy turnovers. Unit Highlights:2-Bed/2.5-Bath (1125 SF) Units: Spacious open floor plans with an ensuite bathroom for every bedroom, plus stunning City and Downtown views!1-Bed Units (544-556 SF): Designed for maximum affordability, independence, and high demand, featuring full-size kitchens and baths. With a strong $7,650/month income stream and long-term property tax incentives, this property is designed to perform. Don’t miss your chance to secure a turnkey asset in a exceptionally prime location in Downtown Tacoma near restaurants, breweries, businesses, the Link, UW Tacoma, the Tacoma Convention Center, etc.
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Additional Information
- List Date
- 2026-05-24 23:13:11
- Community
- Tacoma
- Net Operating Income
- $82,018
- Gross Adjusted Income
- $91,800
- Gross Scheduled Income
- $91,800
- Total Monthly Income
- $7,650
- Insurance Expenses
- $2,000
- Water/Sewer/Garbage Expenses
- $6,000
- Gross Rent Multiplier
- 12.52
- Total Expenses
- $9,782
- Cap Rate
- 7.1
- Total Number of Units
- 4
- Unit Name
- 1129
- Potential Terms
- Cash, Conventional
- Year Built
- 2026
- View
- Bay, City, Mountains, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, High Speed Internet
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $7,650
- Gross Scheduled Income
- $91,800
- Gross Adjusted Income
- $91,800
- Tax Year
- 2026
- Insurance Expense
- $2,000
- W/S/G Expenses
- $6,000
- Total Expenses
- $9,782
- Net Operating Income
- $82,018
- Gross Rent Multiplier
- 12.52
- Cap Rate
- 7.1
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.