Bought with Real Broker LLC
$697,000
$712,000
2.1%For more information regarding the value of a property, please contact us for a free consultation.
5032 S 58th ST Tacoma, WA 98409
8 Beds
4 Baths
5,435 SqFt
Key Details
Sold Price $697,000
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 5,435 sqft
Price per Sqft $128
Subdivision South Tacoma
MLS Listing ID 2335153
Sold Date 03/28/25
Style 54 - 4-Plex
Bedrooms 8
HOA Fees $50/ann
Year Built 1978
Annual Tax Amount $8,216
Lot Size 0.364 Acres
Property Sub-Type Multi-Family
Property Description
Solid Fourplex located in Orchard Glen Estates. Value-Add Opportunity with rents well below market rates. Units are ~900SF, 2bed/1bath; upper have balconies, lower have patios & large back yards. Shared laundry facility in basement. New roof in 2019. This building uniquely features an ~1,800SF basement with full-height ceilings, offering exceptional versatility & additional income potential—rent out as storage, workshop, or maybe convert to more unit(s)? Unit D left vacant for showings; ABC tenants are very long term, month to month with no rent increases in several years. 1/3 Acre Lot. Quiet cul-de-sac location w/ convenient access to I-5 & JBLM. 8.7% Cap Rate @ Market Rents. Competitively priced to sell!
Location
State WA
County Pierce
Area 45 - South Tacoma
Interior
Interior Features Wall to Wall Carpet
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
View Y/N Yes
View Territorial
Roof Type Flat,Torch Down
Building
Lot Description Cul-De-Sac
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, FHA, VA Loan
Listing Terms Cash Out, Conventional, FHA, VA Loan
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.