2076 E 56th Street, Tacoma, WA 98404
- $1,050,000
- 4,076
- SqFt
Listing courtesy of Redfin. Selling Office: KW Mountains to Sound Realty.
- Sold Price
- $1,050,000
- List Price
- $1,050,000
- Status
- SOLD
- MLS#
- 2502696
- Closing Date
- May 29, 2026
- Days on Market
- 5
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,076
- Area Total SqFt
- 4076
- Annual Tax Ammount
- 9000
- Lot Size (sq ft)
- 10,577
- Sewer
- Sewer Connected
- Offer Review Date
- 2026-04-22
Property Description
Prime Investment Opportunity! Amazing Income Generating Machine! Discover an exceptional turnkey 4-plex investment, strategically nestled in a quiet Tacoma community, offering a robust income-generating asset in one of the Pacific Northwest's hottest real estate markets. Each of the 4 spacious units boasts an identical, highly desirable layout featuring 3 generous bedrooms & 1.75 baths across 1,019 square feet, complete with private balcony/patio space & dedicated storage, strongly appealing to long-term tenants. The property offers a significant opportunity for value appreciation. The current rental income is below competitive market value, suggesting a clear path to immediate value appreciation and strong potential Cap Rate of 5-6%. Units have been updated with kitchens featuring newer appliances & white cabinetry, durable flooring, and in-unit washers/dryers. On-site parking includes 8 designated spaces. The location offers enviable lifestyle appeal, situated moments from Swan Creek Park's acclaimed MTB Trail, half a mile from First Creek Middle School, & close to Cloverdale Park & essential retail. This 4-plex represents a prime addition to any portfolio, offering immediate cash flow, tangible upside, and a highly sought-after unit mix. Strong rental demand in this corridor ensures stability & continuous occupancy. Do not miss this chance to solidify your investment future in the strong Tacoma market. Please respect tenant privacy. Please DO NOT disturb Occupants.
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Additional Information
- List Date
- 2026-05-24 00:00:00
- Community
- Swan Creek
- Net Operating Income
- $628,000
- Gross Adjusted Income
- $75,000
- Gross Scheduled Income
- $84,000
- Total Monthly Income
- $7,000
- Insurance Expenses
- $3,200
- Gross Rent Multiplier
- 12.5
- Total Expenses
- $12,200
- Cap Rate
- 5.98
- Vacancy Rate
- 2
- Total Number of Units
- 4
- Unit Name
- 2076
- Potential Terms
- Cash, Conventional
- Year Built
- 1986
- Roof
- Composition
- Site Features
- Cable TV, Deck, High Speed Internet, Patio
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,000
- Gross Scheduled Income
- $84,000
- Vacancy Rate
- 2
- Gross Adjusted Income
- $75,000
- Tax Year
- 2025
- Insurance Expense
- $3,200
- Total Expenses
- $12,200
- Net Operating Income
- $628,000
- Gross Rent Multiplier
- 12.5
- Cap Rate
- 5.98
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.