Share this with your friends
(253) 209-4200
Real Estate Company
7374 S Alaska Street, Tacoma, WA 98408
- $575,000
- 2,960
- SqFt
Listing Broker: COMPASS; Michael Haas; 408-439-7873; Michael.Haas@compass.com
- List Price
- $575,000
- Status
- ACTIVE
- MLS#
- 2588374
- Days on Market
- 0
- Style
- 55 - 5-9 Units
- Finished SqFt
- 2,960
- Area Total SqFt
- 2960
- Annual Tax Ammount
- 6060.16
- Lot Size (sq ft)
- 7,850
- Sewer
- Sewer Connected
Property Description
They said the "1% Rule" was impossible - but this Tacoma rental delivers! This income-producing property sits on a spacious corner lot with an oversized 720 SF detached garage for parking & storage, equipped with its own electrical service panel & meter. Flexible room-rental configuration with 8 furnished rooms, 3 bathrooms, 8 individual mini fridges, and a common area with kitchen & washer/dryer. Sold fully furnished, mostly occupied & systemized for immediate cashflow! Renovated for longevity with a new 30-year Pabco Premier roof, sheeting, gutters, exterior siding & paint in 2024, plus new hot & cold water lines in 2026 and a recently replaced water heater. A property with substantial updates, functional living spaces, parking & lots of potential. Conveniently located near Wapato Park, I-5, transit, shopping, fitness, dining & JBLM. Investments like this don't come often - ask the listing agent for ROI spreadsheets showing over $875 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-10-14 22:58:13
- Community
- South Tacoma
- Net Operating Income
- $50,477
- Gross Adjusted Income
- $65,151
- Gross Scheduled Income
- $68,580
- Total Monthly Income
- $5,715
- Insurance Expenses
- $1,087
- Water/Sewer/Garbage Expenses
- $7,527
- Gross Rent Multiplier
- 8.38
- Total Expenses
- $14,674
- Cap Rate
- 9.03
- Vacancy Rate
- 5
- Total Number of Units
- 8
- Unit Name
- 7374
- Potential Terms
- Cash, Conventional
- Year Built
- 1961
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Fully, Patio
- Energy Source
- Electric, Natural Gas, Wood
- School District
- Tacoma
- Elementary School
- Birney
- Middle School
- Baker
- High School
- Mt Tahoma
- Total Monthly Income
- $5,715
- Gross Scheduled Income
- $68,580
- Vacancy Rate
- 5
- Gross Adjusted Income
- $65,151
- Tax Year
- 2026
- Insurance Expense
- $1,087
- W/S/G Expenses
- $7,527
- Total Expenses
- $14,674
- Net Operating Income
- $50,477
- Gross Rent Multiplier
- 8.38
- Cap Rate
- 9.03
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.