$720,000

6 Beds 3 Baths 2,200 SQFT 0.84 Acres
Type: Multi-Family

6425 7th Street NE
Tacoma, WA 98422

MLS#: 2565099
Presented by: Best Choice Realty and NWMLS

Property Description

 

Motivated Seller! Seller offering $10,000 towards buyers closing costs! Rare opportunity in one of Pierce County’s most desirable locations. This fully recently renovated duplex features updated bathrooms, kitchens, flooring, doors, finishes, trim, and more — move-in ready with modern updates throughout. 6.57% Cap Rate! Live in one side and rent the other, or rent both units for strong cash flow (currently $2,850 + $2,200). The property sits on a large private lot, secluded down a long driveway and backed by a beautiful green belt and partial views of Mount Rainier. Zoned for multi-family, the front portion of the lot offers possible future development potential for another Duplex, a Detached Accessory Dwelling Unit (DADU), or construction of an additional residence. Minutes to I-5, shopping, and Browns Point waterfront with excellent schools nearby. No HOA! Plenty of parking and a spacious lot round out this hard-to-find opportunity in a high-demand area. Opportunities like this are rare-- don't miss your chance! Buyers to verify all developmental potential. Interior viewing available with 48 hour notice.


 

Interior Features

Bedrooms

Bedrooms Possible4
Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories3

General

AmenitiesBasement, Storage
Building Area Units0 sqft
Cap Rate6.57
Carport Spaces0
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsGPS
Electric Expense2326.6
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces1
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolFife High
High School DistrictFife
Insurance Expense1708
Leasable Area2,120 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet36,590 sqft
Lot Size UnitsSquare Feet
MLS Area94 - Browns Point
Middle/Junior High SchoolSurprise Lake Mid
NWM_ShowMapLinkY
Net Operating Income49255
New ConstructionNo
Number Of Units Total2
PossessionClosing
Possible UseMulti-Family
Property ConditionUpdated/Remodeled
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksMotivated Seller! Seller offering $10, 000 towards buyers closing costs! Rare opportunity in one of Pierce Countys most desirable locations. This fully recently renovated duplex features updated bathr
RoofComposition
Security FeaturesPartially Fenced
Senior Community Y/NNo
SewerSeptic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameFife Heights
Tax Annual Amount$4,805
Tax Year2025
Units Below Gradetrue
Units In Building Total2
ViewMountains, Territorial
Water CompanyTPU
Water Sewer Garbage2504.31
Year Built1976
Zoning DescriptionMulti-Family

Exterior

Building Area Total2,200 sqft
Covered Spaces0
Exterior AmenitiesWood, Wood Products
Foundation DetailsPoured Concrete, Slab
Irrigation Water Rights Y/NNo
Lot Dimensions90x409x17x147x342
Lot FeaturesDead End Street, Secluded
Lot Size Acres0.84
Parking Uncovered Total11
Site FeaturesDeck, Fenced-Partially, Patio
Total Parking11
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Fife High
Middle School Surprise Lake Mid
Elementary School Buyer To Verify Elementary School

  

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$720,000

6 Beds 3 Baths 2,200 SQFT 0.84 Acres
Type: Multi-Family

6425 7th Street NE
Tacoma, WA 98422

MLS#: 2565099