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253-691-8561
Terrafin Real Estate
5002 S 58th Street, Tacoma, WA 98409
- $795,000
- 3,500
- SqFt
Listing Broker: John L. Scott, Inc.; Paul Coldiron; ; Selling Office: eXp Realty.
- Sold Price
- $795,000
- List Price
- $799,950
- Status
- SOLD
- Closing Date
- Aug 03, 2026
- MLS#
- 2524218
- Subtype
- Residential Income
- Style
- 54 - 4-Plex
- Year Built
- 1977
- Living Area
- 3,500
- Lot Size
- 16,650
- Acres
- 0.38
- Subdivision
- South Tacoma
- Neighborhood
- South Tacoma
- Building Name
- Orchard Glen
- MLS Area Major
- South Tacoma
Property Description
Single level 4-plex provides a great opportunity to add to an investment portfolio!*All 4 units are identical, offering 2 beds/1 bath, 875 sq ft, with all kitchen appliances included*Washer/Dryer hookups are available in each unit, plus there are outside storage areas for each tenant*Situated on a spacious corner lot in a dead end neighborhood, offering both privacy and convenience*Some landlord improvements have been recently done to a few of the units, while others present an opportunity to increase rents and add value*Roof is less than 5 years old*Current rents range from $1495 to $1550, providing a strong foundation for future growth*Property is currently generating $6340 in total monthly income with a solid 6.6% cap rate*Prime location situated on the border between Lakewood and University Place, offering tenants easy access to shopping and all amenities*Trader Joes is just 10 mins away!*Chamber's Bay is approximately a short 15-minute drive*A low maintenance, incoming generating asset in a convenient location - ideal for investors looking to expand their portfolio with both stability and upside potential*Less than $200K/door!
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Additional Information
- Exterior Features
- Wood, Wood Products
- Property Description
- 54 - 4-Plex
- Flooring
- Laminate, Vinyl, Carpet
- Heating
- Baseboard
- Air Conditioning
- None
- Roof
- Composition
- School District
- Tacoma
- Elementary School
- Manitou Park
- Middle School
- Gray
- High School
- Mt Tahoma
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.