Call Us Contact
Listing courtesy of Real Property Associates

My notes for this property

Add listing to my favorites (required)
$749,900  (list price)
/mo   Edit
MLS# 1584199
Built 1978
0.141 acres
My rating:
Request a Showing:
Ask Matthew:

Ask the Agent

    Property inquiries submitted online are continually monitored to provide the best possible service.

    Thank You!

    An agent will be in contact with you soon to answer your question.

    Description:   Excellent 6% cap rate investment opportunity in the heart of Tacoma's vibrant Lincoln International District. Low maintenance, recently updated building with spacious 2 bed, 1 bath units that come fully rented with in unit washer/dryer. Accessible off-street parking and convenient location - walking distance to Lincoln High School and minutes to I-5, Downtown Tacoma, and an eclectic mix of shopping/dining locales.


    Approx. Sq Ft: 3,500 ft²
    Energy Source: Electric
    Heating and Cooling: Baseboard


    Water Company: Tacoma
    Sewer: Sewer Connected


    City: Tacoma
    State: WA
    Zip Code: 98418
    Area: 50
    County: Pierce
    School District: Tacoma
    Latitude: 47.22768000
    Longitude: -122.44026000


    Year Built: 1978
    Roof: Composition
    Exterior: No
    Number of Units in Building: 4


    School District: Tacoma
    Junior High: Buyer To Verify
    Elementary School: Buyer To Verify
    Senior High: Buyer To Verify


    Lot Sq Ft: 6,125 ft²
    Lot Dimensions: 52' x 90'
    Number of Stories in Building: 2


    Community Name: Lincoln


    Terms: Conventional

    Finance & Taxes

    Homeowner Dues (monthly): None
    Tax Expense: $5,245
    Insurance Expenses: 1740
    Electrical Expenses: 0
    Heating Expenses: 0
    Other Expenses: 1800
    Total Expenses: 14065
    Tax Year: 2020
    Gross Scheduled Income: 63240
    Vacancy Rate: 3
    Gross Adjusted Income: 61342
    Total Expenses: 14065
    Net Operating Costs: 47277
    Gross Rent Multiplier: 12
    Total Monthly Income: 5270

    Unit 1

    Description Unit 1: A
    Sq Ft Unit 1: 890 ft²
    Bedrooms Unit 1: 2
    Bathrooms Unit 1: 1.00
    Range/Oven Unit 1: Y
    Refrigerator Unit 1: Y
    Dishwasher Unit 1: Y
    Washer/Dryer Unit 1: Y
    Fireplaces Unit 1: 0
    Rent Unit 1: $1,250

    Unit 2

    Description Unit 2: B
    Sq Ft Unit 2: 890 ft²
    Bedrooms Unit 2: 2
    Bathrooms Unit 2: 1.00
    Range/Oven Unit 2: Y
    Refrigerator Unit 2: Y
    Dishwasher Unit 2: Y
    Washer/Dryer Unit 2: Y
    Fireplaces Unit 2: 0
    Rent Unit 2: $1,275

    Unit 3

    Description Unit 3: C
    Sq Ft Unit 3: 890 ft²
    Bedrooms Unit 3: 2
    Bathrooms Unit 3: 1.00
    Range/Oven Unit 3: Y
    Refrigerator Unit 3: Y
    Dishwasher Unit 3: Y
    Washer/Dryer Unit 3: Y
    Fireplaces Unit 3: 0
    Rent Unit 3: $1,275

    Unit 4

    Description Unit 4: D
    Sq Ft Unit 4: 890 ft²
    Bedrooms Unit 4: 2
    Bathrooms Unit 4: 1.00
    Range/Oven Unit 4: Y
    Refrigerator Unit 4: Y
    Dishwasher Unit 4: Y
    Washer/Dryer Unit 4: Y
    Fireplaces Unit 4: 0
    Rent Unit 4: $1,250

    Unit 5

    Sq Ft Unit 5: 0 ft²
    Bedrooms Unit 5: 0
    Bathrooms Unit 5: 0.00
    Fireplaces Unit 5: 0
    Rent Unit 5: None

    Unit 6

    Sq Ft Unit 6: 0 ft²
    Bedrooms Unit 6: 0
    Bathrooms Unit 6: 0.00
    Fireplaces Unit 6: 0
    Rent Unit 6: None

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Listing provided by NWMLS, courtesy of Real Property Associates.
    Disclaimer: The information contained in this listing has not been verified by and should be verified by the buyer.