Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one… Read More 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find. Read Less
Listing courtesy of Keller Williams Rty Tacoma
Listing Snapshot
Cumulative Days On Market
9
Days on Website
7
Last Updated
Property Type
Multi Family
Square Ft.
6,240
Lot Size
1.33 Acres
Year Built
1955
Property Tax
$16,508
MLS Number
2535832
30 Days Snapshot Of 98498
$588k
-9%
(avg) sold price
32
+6%
homes sold
73
-9%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Building Area Total: 6240, Building Area Units: Square Feet, Calculated Square Footage: 6240, Elevation Units: Feet, Leasable Area: 6240, Living Area: 0, Number Of Units Total: 12, Stories Total: 1, Structure Type: "Multi Family", Units In Building Total: 12, Year Built: 1955, Year Built Effective: 1991
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. Listings last updated on ,
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