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JRJeff ReynoldsCompass · Seattle

Listed by Joel J Ramos, Heaton Dainard, LLC

3,648
Square feet
$240
Per sq ft
Multi Family
Type
1981
Year built
8,800 sq ft
Lot
0
Days on market

About this property

Outstanding Investment Opportunity! Fully turnkey, extensively updated 4-plex offering immediate rental income and excellent long-term investment potential! Major capital improvements have already been completed, including updated electrical, plumbing, roof, siding, interior finishes, landscaping, and more! All the heavy lifting has been done, providing investors with a low-maintenance, income-producing property. Fully occupied with established tenants and currently rented below market rates, offering excellent potential for future rental growth and increased returns. Each unit features updated finishes, newer appliances, and its own washer and dryer. Additional highlights include secured entry, 4 covered carport spaces, additional uncovered parking, and individual storage units for each tenant. Ideal for seasoned investors looking to expand their portfolio or owner-occupants seeking an opportunity to offset their mortgage with rental income. A rare opportunity to acquire a beautifully updated, income-producing property with significant improvements already completed and excellent upside potential!

Location & commute

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Directions

Jeff's Neighborhood Guide

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Property details

Listing details

Listing number
#2602140
Listed
November 7, 2026
Days on market
0
Price per sq ft
$240

Unit & building

Stories in building
2
Units in building
4

Homeowners association

HOA dues
$2,400 annually

Parking

Covered spaces
4
Total spaces
10

Construction

Year built
1981
Style
54 - 4-Plex
Structure
Quadruplex
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
Laminate

Lot

Lot features
Paved
Lot size
8,800 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Water
Public
Sewer
Sewer Connected

Schools

District
Tacoma

What stands out to you?

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  • Laminate

Listing history

  1. Listed

    $875,000

    November 7, 2026

Derived from current MLS listing fields.

Payment estimate

An estimate to help you plan, not a loan offer or financial advice.

Est. monthly

$5,295

Principal & interest
$4,424
Property tax (est.)
$671
HOA dues
$200

Assumes $175,000 down (20%), a $700,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.

Similar nearby listings

Based on information submitted to the MLS GRID as of November 7, 2026 at 4:50 PM PST. 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.

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