Presented by: Pellego, Inc. and NWMLS
Property Description
Updated Tacoma 4-plex with strong income-growth potential. 4 units are currently rented, providing immediate rental income, with opportunity to increase rents with lease renewals. Ample on-site parking adds strong tenant appeal. Convenient location near shopping, dining, parks, schools, employment, and major roadways. Updated units, new roof in 2024, existing income, parking, and upside make this a compelling multifamily investment.
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 Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2
General
AmenitiesStorage
Building Area Units0 sqft
Cap Rate6.75
Carport Spaces0
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsFrom I-5, take Exit 132 toward S 38th St. Head west on S 38th St. Turn left onto S Lawrence St. Continue to 4028 S Lawrence St. Property will be on the right.
Electric Expense0
Elementary SchoolReed
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolFoss
High School DistrictTacoma
Insurance Expense2645
Leasable Area3,328 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet8,125 sqft
Lot Size UnitsSquare Feet
MLS Area46 - South Tacoma
Middle/Junior High SchoolGiaudrone Mid Sch
NWM_ShowMapLinkY
Net Operating Income53975
New ConstructionNo
Number Of Units Total4
PossessionClosing, Negotiable, Subject To Tenant Rights
Possible UseMulti-Family
Property ConditionGood
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksUpdated Tacoma 4-plex with strong income-growth potential. 4 units are currently rented, providing immediate rental income, with opportunity to increase rents with lease renewals. Ample on-site parking
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameSouth Tacoma
Tax Annual Amount$9,013
Tax Year2026
Units Below Gradefalse
Units In Building Total4
ViewTerritorial
Water CompanyTPU
Water Sewer Garbage4900
Year Built1974
Zoning DescriptionMulti-Family
Exterior
Building Area Total3,328 sqft
Covered Spaces0
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Curbs, Paved, Sidewalk
Lot Size Acres0.1865
Parking Uncovered Total12
Site FeaturesCable TV, Deck, Fenced-Fully, High Speed Internet
Total Parking12
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Foss High School
Middle School
Giaudrone Mid Sch
Elementary School
Reed Elementary School
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914 15th St #1
Anaccortes, WA 98221
Anaccortes, WA 98221