2346 Fawcett Avenue, Tacoma, WA 98402
- $545,000
- 1,989
- SqFt
Listing courtesy of Multifamily Properties.
- List Price
- $545,000
- Status
- ACTIVE
- MLS#
- 2576063
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Very Good
- Finished SqFt
- 1,989
- Area Total SqFt
- 1989
- Annual Tax Ammount
- 5041
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
HOUSE HACKER or INVESTOR SPECIAL ON HILLTOP! It has been maintained incredibly well by the owner for over 20 years. Nearly $70,000 in recent improvements! New roof $17k, exterior paint $17k, lower unit remodel $31k & new alley gate $3245. Rare, high quality duplex where the big-ticket work has already been done. Perfect first rental property or if looking to expand your current portfolio. Both apartments are 2-bed, 1-bath units with access to shared laundry. Main level unit lease exp OCT 1, 2026. Upstairs tenant is MTM. Both have been served $50 increase notices effective NOV 1, 2026. Opportunity to recapture w/s/g via RUBS. Gated, off-street parking available. For the owner-occupant, live in one unit while the second unit helps offset your housing costs, the classic house-hack strategy with the added benefit of owning a property with strong long-term investment potential. The location is another major asset. Situated near the heart of Tacoma, residents enjoy convenient access to Downtown, UW Tacoma, employment centers, dining & public transportation. Beer lovers: the duplex is on the same street as E9 Brewing & Redd Dog Brewing! Nearby transit options for residents commuting throughout Tacoma & the South Sound. This property is ready for its next owner to enjoy rather than inherit a heavy cap ex/renovation list. Easy to self-manage. Seller's exit is your gain. Lot may accommodate future DADU development. Buyer to verify measurements, zoning, rents & financing eligibility.
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Additional Information
- List Date
- 2026-09-15 17:33:16
- Community
- Hilltop
- Net Operating Income
- $28,683
- Gross Adjusted Income
- $39,480
- Gross Scheduled Income
- $39,480
- Total Monthly Income
- $3,290
- Insurance Expenses
- $1,134
- Water/Sewer/Garbage Expenses
- $4,622
- Gross Rent Multiplier
- 13.8
- Total Expenses
- $10,797
- Cap Rate
- 5.26
- Total Number of Units
- 2
- Unit Name
- 2346
- Potential Terms
- Cash, Conventional, FHA, See Remarks, VA Loan
- Year Built
- 1905
- View
- City, Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, High Speed Internet, RV Parking
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $3,290
- Gross Scheduled Income
- $39,480
- Gross Adjusted Income
- $39,480
- Tax Year
- 2026
- Insurance Expense
- $1,134
- W/S/G Expenses
- $4,622
- Total Expenses
- $10,797
- Net Operating Income
- $28,683
- Gross Rent Multiplier
- 13.8
- Cap Rate
- 5.26
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.