About this property

Winsome Terrace 4 unit | 6.25% CAP: This well-maintained 4-unit multifamily property features four spacious two-bedroom, 1.5-bath townhouse-style units, each offering approximately 1,110 square feet, private back patios, second-floor decks, and wood-burning fireplaces. The property benefits from recent major capital improvements, including a new roof and chimney stacks completed in 2024, along with copper and ABS plumbing, updated electrical panels, and 8 on-site parking spaces. With one unit currently vacant, the property is well-positioned for an owner-occupied buyer seeking potential residential financing options, while investors can immediately place a tenant at market rent and continue stabilizing rents over time. Built in 1983 and located near shopping, dining, schools, employment centers, and major commuter routes, this South Hill asset offers a compelling combination of in-place income, value-add upside, and long-term investment stability in one of Pierce County’s growing rental markets.