$565,000

5 Beds 2 Baths 1,924 SQFT 0.15 Acres
Type: Multi-Family

5428 S Cedar St
Tacoma, WA 98409

MLS#: 2557670
Presented by: eXp Realty and NWMLS

Property Description

 

Turnkey investment opportunity featuring two homes on one lot in the heart of Tacoma. The property includes a 3-bedroom, 1-bath main residence (1,284 sq ft) and a detached 2-bedroom, 1-bath ADU (640 sq ft) with alley access. Both units are leased through February 28, 2027, producing $4,150 per month ($49,800 annually) in scheduled rental income. The main home features an open kitchen with dining area, wood-burning fireplace, finished attic, and fully fenced yard. The detached ADU offers updated finishes, a full kitchen, living room, in-unit laundry, and private access. Conveniently located near shopping, dining, schools, transit, and I-5. An excellent opportunity to acquire a stabilized income-producing property with future flexibility when the current leases expire.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

Assoc Fee Paid PerNot Applicable
Building Area Units0 sqft
Cap Rate6.56
Carport Spaces0
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsFrom I-5 take exit 130 and turn West on S 56th Street. Turn right on Cedar and the main home is on the left.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard, Forced Air
High SchoolBuyer To Verify
High School DistrictTacoma
Insurance Expense1250
Leasable Area1,924 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet6,600 sqft
Lot Size UnitsSquare Feet
MLS Area47 - South Tacoma
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income37064
New ConstructionNo
Number Of Units Total2
PossessionClosing
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksTurnkey investment opportunity featuring two homes on one lot in the heart of Tacoma. The property includes a 3-bedroom, 1-bath main residence (1, 284 sq ft) and a detached 2-bedroom, 1-bath ADU (640 sq
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameSouth Tacoma
Tax Annual Amount$4,731
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Water Sewer Garbage0
Year Built1925

Exterior

Building Area Total1,924 sqft
Covered Spaces0
Exterior AmenitiesStucco, Wood
Irrigation Water Rights Y/NNo
Lot Size Acres0.1515
Parking Uncovered Total4
Total Parking4
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Buyer To Verify High School
Elementary School Buyer To Verify Elementary School
Middle School Buyer To Verify Middle School

  

Similar Properties

$565,000

5 Beds 2 Baths 1,924 SQFT 0.15 Acres
Type: Multi-Family

5428 S Cedar St
Tacoma, WA 98409

MLS#: 2557670