1722 E 56th St, Tacoma | $839,000

Solid, turn-key fourplex with strong cash flow and upside in rents. Fully occupied, each spacious 938 SF unit offers 2 bedrooms, 1 bath, in-unit washer/dryer, and a fireplace. Three units have recently been extensively updated with high-end finishes. Recent exterior improvements include paint, doors, and windows. Generous parking lot with 8+ reserved spaces. 6.5% Cap Rate. Convenient location close to amenities makes this a high-demand rental with solid performance and future growth potential.

1722 E 56th St, Tacoma, WA
Offered at $839,000 | 4 Units

Another Fourplex Friday is here, and this Tacoma investment property is a great opportunity for investors looking for strong cash flow, recent renovations, and long-term upside.

Located in a convenient Tacoma neighborhood with consistent rental demand, this turnkey fourplex offers immediate income with the potential to further increase returns as rents continue to grow.

Strong Cash Flow from Day One

This fully occupied property features four spacious 2-bedroom, 1-bath units, each offering approximately 938 square feet of living space.

Every unit includes:

  • In-unit washer and dryer
  • Fireplace
  • Spacious floor plan
  • Strong tenant appeal

With a 6.5% cap rate, this property provides immediate cash flow while offering additional upside through future rent growth.

Extensive Recent Improvements

One of the biggest advantages of this fourplex is the amount of work that's already been completed.

Recent improvements include:

  • Three units extensively renovated with high-end finishes
  • Fresh exterior paint
  • New exterior doors
  • Updated windows

These updates help minimize near-term capital expenditures while positioning the property to attract and retain quality tenants.

Tenant-Friendly Features

Parking continues to be a premium in many rental markets, and this property delivers with a large parking lot offering more than eight reserved spaces.

Combined with spacious floor plans, in-unit laundry, and fireplaces, this fourplex offers amenities that continue to be highly desirable among renters.

Prime Tacoma Investment Opportunity

Conveniently located near shopping, schools, parks, and major commuter routes, the property benefits from strong rental demand and easy access to everything Tacoma has to offer.

Whether you're adding to an existing portfolio or purchasing your first apartment investment, properties combining solid current income, updated interiors, and future rental upside remain some of the most sought-after opportunities in the Tacoma multifamily market.

Learn More

Interested in adding a quality Tacoma fourplex to your portfolio?

Reach out for financial information, rent details, or to schedule a private tour.

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Tacoma, Seattle, Puyallup, Auburn, Bremerton, and the greater Puget Sound region. Whether you're buying your first fourplex or expanding your investment portfolio, I'd be happy to help you find the right opportunity.