1101 S Woodlawn Street Unit #1-4, Tacoma, WA 98465
- $945,000
- 3,968
- SqFt
Listing courtesy of Multifamily Properties.
- List Price
- $945,000
- Status
- ACTIVE
- MLS#
- 2573776
- Days on Market
- 0
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,968
- Area Total SqFt
- 3968
- Annual Tax Ammount
- 9978
- Lot Size (sq ft)
- 10,251
- Sewer
- Sewer Connected
Property Description
*RARE UR-3 INVESTMENT + DEVELOPMENT OPP - EXISTING 4-PLEX ON 10,251 SF LOT* Perfect if you're looking for your first rental property or wanting to expand your current portfolio! This fourplex near Tacoma's North End features four spacious 3-bed, 1.5-bath units, each with full w/d + f/p. Units 1 & 4 remodeled (est $15k) AUG '26 & have been kept vacant for new owners, providing your chance to capture market rents & recapture w/s/g via RUBS. Target 6.25%+ CAP. House hackers, occupy one while the other 3 pay your mortgage. Fresh ext paint, newer water heaters, new flooring, int paint. The 3-bed floor plans are attractive to renters, appealing to groups of 4+ seeking more space without the cost of a home. Location is an advantage. Very convenient self-storage facility right next door. Great access to I-5, SR-16 & services, while remaining close to hip 6th Ave & downtown. For commuters to JBLM or going north to King Co, the area provides major transportation options. Whether you're a seasoned investor looking to increase rents & build long-term equity or an owner-occupant seeking a smart house-hack, this property offers multiple paths to maximize your investment & deserves your serious consideration. A chance to acquire a 4plex with 3-bed units with immediate upside or owner-occupant flexibility are increasingly difficult to find in today's market. No HOA, clean records, easy to self-manage. Seller's exit is your gain. Buyer to verify measurements, rents & financing eligibility.
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Additional Information
- List Date
- 2026-08-31 00:58:11
- Community
- Tacoma
- Net Operating Income
- $58,993
- Gross Adjusted Income
- $84,900
- Gross Scheduled Income
- $84,900
- Total Monthly Income
- $7,075
- Insurance Expenses
- $3,635
- Water/Sewer/Garbage Expenses
- $11,172
- Gross Rent Multiplier
- 11.13
- Total Expenses
- $25,907
- Cap Rate
- 6.24
- Total Number of Units
- 4
- Unit Name
- 1101
- Potential Terms
- Cash, Conventional, FHA, See Remarks, VA Loan
- Year Built
- 1977
- Roof
- Composition
- Site Features
- Cable TV
- Other Expenses
- 1122
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,075
- Gross Scheduled Income
- $84,900
- Gross Adjusted Income
- $84,900
- Tax Year
- 2026
- Insurance Expense
- $3,635
- W/S/G Expenses
- $11,172
- Total Expenses
- $25,907
- Net Operating Income
- $58,993
- Gross Rent Multiplier
- 11.13
- Cap Rate
- 6.24
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.