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253-691-8561
Terrafin Real Estate
12410 36th Avenue E, Tacoma, WA 98446
- $975,000
- 4,600
- SqFt
Listing Broker: Real Broker LLC; James Nam; ; Selling Office: TPMS Realty LLC.
- Sold Price
- $975,000
- List Price
- $999,950
- Status
- SOLD
- Closing Date
- May 13, 2026
- MLS#
- 2500263
- Subtype
- Residential Income
- Style
- 54 - 4-Plex
- Year Built
- 1984
- Living Area
- 4,600
- Lot Size
- 299,693
- Acres
- 6.88
- Subdivision
- Summit
- Neighborhood
- Summit
- MLS Area Major
- Parkland
Property Description
This is a great opportunity to have an instant cash return on an investment. The rents are currently below market, and by increasing them the cap rate could reach as high as 7.5%. The property consists of two duplexes featuring two 2 bedroom, 1 bathroom units, one 2 bedroom, 1.5 bathroom unit, and one 2 bedroom, 2.5 bathroom unit, with each unit offering its own fireplace. The buildings are very well maintained and include a 2 car garage along with an additional 3 car garage, plus two covered parking stalls. The total parcel spans 7 acres in a fantastic location. Planning and Zoning has indicated they would consider a plan for cluster development. Additional features include a new roof installed in 2018 and fully paid off solar panels. Showings are available upon a signed agreement.
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Additional Information
- Amenities
- Storage
- Exterior Features
- Wood Products
- Property Description
- 54 - 4-Plex
- Flooring
- Hardwood, Carpet
- Heating
- Forced Air, Radiant
- Air Conditioning
- Window Unit(s)
- Roof
- Composition
- Garage Spaces
- 5
- School District
- Franklin Pierce
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.