1522 S M Street, Tacoma, WA 98405
- $680,000
- 2,812
- SqFt
Listing courtesy of Windermere Abode.
- List Price
- $680,000
- Status
- ACTIVE
- MLS#
- 2573774
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Finished SqFt
- 2,812
- Area Total SqFt
- 2812
- Annual Tax Ammount
- 6240
- Lot Size (sq ft)
- 7,150
- Sewer
- Sewer Connected
Property Description
Tacoma Fourplex with growth potential! This large corner lot comes with views of the mountain and craftsman charm. The up and coming Hilltop area has undergone a substantial transformation and is now a favorite for investors who want to be in the path of progress. Nearby hospitals, restaurants and the incoming light rail put this near job growth opportunities. The main level has tall 9 ft ceilings and a shared basement provides storage and laundry. The detached garage has 3 bays, currently leased to the tenants but could potentially be rented out as storage units or developed into a future DADU. One unit available for showings, inspection report, floorplan and 3D tour available upon request.
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Additional Information
- List Date
- 2026-08-26 17:43:13
- Community
- Hilltop
- Net Operating Income
- $47,768
- Gross Adjusted Income
- $59,306
- Gross Scheduled Income
- $61,140
- Total Monthly Income
- $5,095
- Insurance Expenses
- $1,698
- Water/Sewer/Garbage Expenses
- $3,600
- Gross Rent Multiplier
- 11.12
- Total Expenses
- $11,538
- Cap Rate
- 7.02
- Vacancy Rate
- 3
- Total Number of Units
- 4
- Unit Name
- 1522
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1900
- View
- Mountains
- Roof
- Composition
- Site Features
- Dog Run, Fenced-Fully
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Elementary School
- Stanley
- Middle School
- Hilltop Heritage Middle
- High School
- Stadium
- Total Monthly Income
- $5,095
- Gross Scheduled Income
- $61,140
- Vacancy Rate
- 3
- Gross Adjusted Income
- $59,306
- Tax Year
- 2026
- Insurance Expense
- $1,698
- W/S/G Expenses
- $3,600
- Total Expenses
- $11,538
- Net Operating Income
- $47,768
- Gross Rent Multiplier
- 11.12
- Cap Rate
- 7.02
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.