$524,700

4 Beds 2 Baths 1,989 SQFT 0.14 Acres
Type: Multi-Family

2346 Fawcett Avenue
Tacoma, WA 98402

MLS#: 2576063
Presented by: Multifamily Properties and NWMLS

Property Description

 

*PRICE DROP!* HOUSE HACKER or INVESTOR SPECIAL ON HILLTOP! It has been maintained incredibly well by the owner for over 20 years. Nearly $70,000 in recent improvements! New roof $17k, exterior paint $17k, lower unit remodel $31k & new alley gate $3245. Rare, high quality duplex where the big-ticket work has already been done. Perfect first rental property or if looking to expand your current portfolio. Both apts are 2-bed, 1-bath units with access to shared laundry. Main level lease expired OCT 1. Upstairs tenant is MTM. Both have been served $50 increase notices effective NOV 1, 2026. Opportunity to recapture w/s/g via RUBS. Gated, off-street parking available. For the owner-occupant, live in one unit while the second unit helps offset your housing costs, the classic house-hack strategy with the added benefit of owning a property with strong long-term investment potential. The location is another major asset. Situated near the heart of Tacoma, residents enjoy convenient access to Downtown, UW Tacoma, employment centers, dining & public transportation. Beer lovers: the duplex is on the same street as E9 Brewing & Redd Dog Brewing! Nearby transit options for residents commuting throughout Tacoma & the South Sound. This property is ready for its next owner to enjoy rather than inherit a heavy cap ex/renovation list. Easy to self-manage. Seller's exit is your gain. Lot may accommodate future DADU development. Buyer to verify measurements, zoning, rents & financing eligibility.


 

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
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

AmenitiesThermal Windows
Building Area Units0 sqft
Cap Rate5.47
Carport Spaces0
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsUp the hill on S 25th St, right on Fawcett Ave, property on the left. Conveniently located between E9 Brewing and Redd Dog Brewing.
Electric Expense0
Elementary SchoolBuyer To Verify
Energy EfficientThermal Windows
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard, Wall Furnace
High SchoolBuyer To Verify
High School DistrictTacoma
Insurance Expense1134
Leasable Area1,989 sqft
Listing TermsCash, Conventional, FHA, See Remarks, VA Loan
Living Area0 sqft
Lot Size Square Feet6,000 sqft
Lot Size UnitsSquare Feet
MLS Area28 - Central Tacoma
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income28683
New ConstructionNo
Number Of Units Total2
PossessionClosing, Subject To Tenant Rights
Possible UseMulti-Family, Residential
Property ConditionVery Good
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks*PRICE DROP!* HOUSE HACKER or INVESTOR SPECIAL ON HILLTOP! It has been maintained incredibly well by the owner for over 20 years. Nearly $70, 000 in recent improvements! New roof $17k, exterior paint $
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameHilltop
Tax Annual Amount$5,041
Tax Year2026
Units Below Gradefalse
Units In Building Total2
ViewCity, Territorial
Virtual TourClick here
Water CompanyTPU
Water Sewer Garbage4622
Year Built1905
Zoning DescriptionMulti-Family, Residential

Exterior

Building Area Total1,989 sqft
Covered Spaces0
Exterior AmenitiesWood
Foundation DetailsPillar/Post/Pier
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.1377
Parking FeaturesRV Parking
Parking Uncovered Total0
Site FeaturesCable TV, Fenced-Fully, High Speed Internet, RV Parking
Total Parking0
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

$524,700

4 Beds 2 Baths 1,989 SQFT 0.14 Acres
Type: Multi-Family

2346 Fawcett Avenue
Tacoma, WA 98402

MLS#: 2576063