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About the Listing 905 - 54358
NEW ON MARKET*This single level 4-plex offers a great opportunity to add to any investment portfolio*All 4 units are identical, offering 2 beds/1 bath, 875 sq ft, with all kitchen appliances included*Washer/Dryer hookups are available in each unit, plus there are outside storage areas for each tenant*Situated on a spacious corner lot in a dead end neighborhood, offering both privacy and convenience*Some landlord improvements have been recently done to a few of the units, while others present an opportunity to increase rents and add value*Roof is less than 5 years old*Current rents range from $1495 to $1550, providing a strong foundation for future growth*Property is currently generating $6340 in total monthly income with a solid 6.6% cap rate*Prime location situated on the border between Lakewood and University Place, offering tenants easy access to shopping and all amenities*Trader Joes is just 10 mins away!*Chamber's Bay is approximately a short 15-minute drive*A low maintenance, incoming generating asset in a convenient location - ideal for investors looking to expand their portfolio with both stability and upside potential.
Listing Highlights
Status
Active
Days on Site
11
Property Type
Multi-Family
MLS ®
2524218
Year Built
1977
Total Square Footage
3,500
Lot/Acreage
0.38
County
Pierce
Building Name
Orchard Glen
Neighborhood
South Tacoma
Area
45 - South Tacoma
HOA Dues
50/Monthly
School District
Tacoma
Elementary School
Manitou Park
Middle School
Gray
High School
Mt Tahoma
Interior Details
- Bedrooms: 8
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Vinyl,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: TPU
Exterior Details
- Lot Description: Corner Lot,Paved,Cable TV,Fenced-Partially,Patio,Zoning: Multi-Family
- Garage Capacity: N/A
- Parking Spaces: 8
- Zoning: Multi-Family
- Roof: Composition
- Others: Wood,Wood Products
- Sewer: TPU
Financial Details
- Tax Amount: $8,638
- Taxes w/Assessments: N/A
- Tax/Property ID: 6551000010
- Tax Year: 2026
Payment Calculator
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Questions About..
5002 S 58th St Tacoma, WA 98409
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