10712 64th Avenue E, Puyallup, WA
Offered at $848,000 | Fourplex

If you're looking for a Puyallup fourplex for sale with immediate cash flow, value-add potential, and room for future expansion, this new listing deserves your attention.

Situated on a rare 0.57-acre lot in a quiet rural setting, this well-maintained fourplex offers investors a combination that's becoming increasingly difficult to find: strong in-place income, below-market rents, major capital improvements already completed, and the potential to add additional units or an ADU (buyer to verify).

Turnkey Investment with Strong Upside

The property consists of four 2-bedroom, 1-bath units, providing a highly desirable unit mix with broad tenant appeal.

Each upper unit features a private balcony, while the lower units offer their own patios, giving tenants outdoor living space that helps support long-term occupancy.

Additional highlights include:

• Four 2-bedroom / 1-bath units
• Shared coin-operated laundry providing additional income
• Detached outbuilding/garage with potential for additional rental income
• Fully occupied with quality tenants
• Two units on leases and two month-to-month

Current rents remain below market, creating a clear path for future revenue growth through scheduled rent increases as units turn over.

Major Capital Improvements Already Completed

One of the biggest challenges investors face today is unexpected capital expenditures.

Fortunately, many of the property's major systems have already been updated, including:

• Newer roof
• Newer windows
• Fresh exterior paint
• Interior improvements throughout

These updates help minimize near-term maintenance costs and allow a new owner to focus on increasing income rather than addressing deferred maintenance.

Attractive Current and Projected Returns

This property is currently producing a 6.5% cap rate, with an estimated 8.5% market cap rate after bringing rents closer to market levels.

For investors seeking stable cash flow with built-in upside, opportunities like this are becoming increasingly scarce in Pierce County.

The property may also appeal to owner-occupants looking to house hack by living in one unit while generating rental income from the others.

Rare Development Potential

What truly sets this property apart is the land.

The oversized 0.57-acre lot may provide opportunities to construct additional units or an ADU in the future (buyer to verify), creating long-term appreciation potential beyond the existing improvements.

In today's market, finding income-producing multifamily properties with excess land is increasingly uncommon.

Convenient Puyallup Location

Located just minutes from shopping, schools, transit, and major commuter routes, the property benefits from consistent rental demand while maintaining a quieter, more rural atmosphere than many competing multifamily properties.

As Pierce County continues to grow, properties offering both current income and future expansion potential remain highly desirable among investors.

Learn More

Whether you're looking to expand your multifamily portfolio or purchase your first investment property, this fourplex offers an outstanding combination of cash flow, upside, and long-term potential.

View additional photos, financial information, and property details here:

https://www.soundmultifamily.com/property/2488035/

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Puyallup, Tacoma, Seattle, Bremerton, and the greater Puget Sound region. If you're considering buying or selling a duplex, fourplex, or apartment building, I'd be happy to help you evaluate your options.

Sold! Tacoma Fourplex | The Value of Staying in Touch

522 E 32nd St, Tacoma, WA
Sold for $949,000 | Fourplex

One of the most rewarding parts of this business is seeing long-term relationships come full circle.

I first connected with the owner of this Tacoma fourplex nearly eight years ago. We stayed in touch over the years, discussing the market and his long-term goals, but the timing was never quite right.

During that time, two other agents listed the property. Unfortunately, neither sale came together.

Earlier this year, I got the call.

The seller had another property under contract and had already put up a non-refundable earnest money deposit. The stakes were high—he needed certainty, not promises.

We moved quickly, developed a marketing strategy, positioned the property to maximize buyer interest, and executed the plan. The result was a successful sale at $949,000, allowing my client to move forward with confidence on his next investment.

Real Estate Is Built on Relationships

Many people assume commercial and multifamily real estate is all about transactions. In reality, it's about relationships.

Some clients are ready to sell immediately. Others may take years before the timing is right. Staying connected, providing value, and being there when clients need you most is what builds trust—and ultimately leads to successful outcomes.

Thinking About Selling Your Apartment Building?

Whether you're considering selling this year or simply want to understand what your property is worth, it's never too early to start planning.

A well-executed sales strategy can make all the difference—especially when timing matters.

Congratulations to my client on the successful sale, and thank you for trusting me to help get the job done.

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Tacoma, Seattle, Bremerton, and the greater Puget Sound region. Whether you're planning to sell next month or five years from now, I'm always happy to be a resource.

Seattle Multifamily Market Update: Is Now a Good Time to Sell an Apartment Building?

By Charles Burnett, CCIM | Seattle Multifamily Broker | Sound Property Group

After several years of rising interest rates and slower transaction activity, the Seattle multifamily market is beginning to regain momentum. Buyers have adjusted to today's financing environment, inventory remains relatively limited, and well-positioned apartment buildings continue to attract strong interest.

If you've been wondering whether now is the right time to sell your duplex, fourplex, or apartment building, here's what we're seeing across the Puget Sound market.

Buyer Activity Is Increasing

Over the past several months, we've seen a noticeable increase in buyer inquiries, property tours, and accepted offers. While pricing remains more disciplined than it was during the ultra-low interest rate environment of 2021 and early 2022, serious investors are actively looking for quality multifamily opportunities.

Many buyers have accepted that today's interest rates are the "new normal" and are underwriting deals accordingly rather than waiting indefinitely for rates to decline.

Inventory Remains Limited

One factor supporting apartment values is the continued shortage of quality listings.

Many owners who refinanced at historically low interest rates have been reluctant to sell, resulting in fewer investment properties coming to market. Well-maintained assets with stable income and upside potential continue to generate competitive interest.

For sellers, limited inventory often means less competition and greater negotiating leverage.

Demand for Smaller Multifamily Properties Remains Strong

One trend we've continued to see is strong demand for:

• Duplexes
• Triplexes
• Fourplexes
• Small apartment buildings (5–20 units)

These properties appeal to both experienced investors and owner-occupants using FHA, VA, or conventional financing. Owner-occupant buyers are often willing to pay a premium because they can finance at lower residential interest rates while offsetting their mortgage with rental income.

Buyers Continue to Focus on Cash Flow

Today's investors are placing greater emphasis on:

• Current income
• Future rental upside
• Deferred maintenance
• Capital improvement history
• Insurance costs
• Property management efficiency

Properties with updated roofs, plumbing, electrical systems, windows, and exterior improvements generally receive stronger offers because buyers have greater confidence in future operating expenses.

1031 Exchange Activity Is Returning

We're also seeing an increase in investors completing 1031 exchanges.

Many long-term owners have accumulated significant equity and are looking to simplify their portfolios, diversify geographically, or transition into passive investments such as Delaware Statutory Trusts (DSTs).

For owners nearing retirement, a 1031 exchange can provide tax deferral while eliminating the day-to-day responsibilities of property management.

What This Means for Seattle Apartment Owners

Every property is different.

Some owners are better served by holding for additional appreciation, while others can significantly improve their financial position by selling today and reinvesting their equity elsewhere.

The key is understanding your property's current market value—not what it was worth two years ago or what you hope it may be worth in the future.

Charles Burnett's Perspective

After helping apartment owners throughout the Seattle area buy and sell multifamily properties for years, one thing remains consistent: markets reward preparation.

Owners who maintain accurate financial records, complete deferred maintenance before listing, and properly position their property almost always achieve stronger results than those who simply "test the market."

If you've owned your property for several years, there's a good chance your equity has increased substantially. Even if you're not planning to sell immediately, understanding today's value allows you to make informed decisions about refinancing, exchanging, or holding long term.

Thinking About Selling?

If you're considering selling a duplex, triplex, fourplex, or apartment building anywhere in Seattle, Bellevue, Shoreline, Tacoma, Everett, or the greater Puget Sound region, I'd be happy to provide a confidential property valuation and discuss your options.

As a Seattle multifamily broker specializing exclusively in apartment buildings and investment properties, I help owners maximize value through strategic marketing, professional underwriting, and expert negotiation.

Charles Burnett, CCIM
Founder | Sound Property Group
Seattle Multifamily Broker
Specializing in apartment buildings and investment property sales throughout Washington.

For many Seattle multifamily investors, selling an apartment building through a 1031 exchange is one of the most effective ways to defer capital gains taxes while preserving wealth. As inventory becomes more limited and management responsibilities increase, many owners choose to exchange into a Delaware Statutary Trust (DST) for passive ownership.

One of the most important factors to evaluate before investing in a DST is the loan-to-value ratio (LTV). Understanding how leverage affects risk, cash flow, and long-term performance can help investors make more informed decisions.

As a Seattle multifamily broker, Charles Burnett, CCIM, has helped apartment owners throughout the Puget Sound region evaluate sale, exchange, and reinvestment strategies that align with their long-term investment goals.

What Is Loan-to-Value (LTV)?

Loan-to-value (LTV) is the percentage of a property's value financed through debt. For example, if a DST owns a $50 million apartment community with a $25 million mortgage, the property has a 50% LTV.

Unlike purchasing investment property directly, the financing in a DST is arranged by the sponsor before investors participate. That means investors cannot negotiate the loan terms or adjust the leverage after investing, making it critical to understand the LTV before committing capital.

Why LTV Matters

The amount of leverage a DST uses has a direct impact on both risk and potential returns.

A lower LTV provides a larger equity cushion if property values decline and generally results in more stable income distributions because debt payments consume a smaller portion of the property's cash flow.

A higher LTV can increase projected returns and provide greater tax benefits through additional depreciation and interest deductions. However, it also increases refinancing risk and leaves less room to absorb vacancies, rent declines, or rising operating expenses.

For investors seeking predictable passive income after selling a Seattle apartment building, understanding this tradeoff is essential.

Typical DST Loan-to-Value Ratios

Most DST offerings fall into one of the following ranges:

• Under 40%: Conservative leverage with lower risk and greater equity protection.
• 40%–55%: Moderate leverage and the most common range for high-quality multifamily and net lease properties.
• 55%–65%: Higher leverage with greater return potential but increased refinancing risk.
• Over 65%: Aggressive leverage requiring careful due diligence.

There is no universally "correct" LTV. The appropriate level depends on the investor's objectives, risk tolerance, and overall financial strategy.

How LTV Affects 1031 Exchange Investors

Many owners working with a Seattle multifamily broker have significant equity built into their apartment buildings. When completing a 1031 exchange, replacing debt is often necessary to fully defer capital gains taxes.

DSTs with institutional financing can satisfy those debt replacement requirements without requiring investors to obtain a new commercial loan individually.

For many investors, this makes DSTs an attractive solution after selling a duplex, triplex, fourplex, or larger apartment building.

Questions Every Investor Should Ask

Before investing in any DST, consider asking:

• What is the property's current LTV?
• Is the loan fixed or floating rate?
• When does the loan mature?
• How much occupancy decline could the property withstand before distributions are affected?
• Has the sponsor successfully refinanced previous offerings?
• How does the property's leverage compare with similar DST investments?

LTV should always be evaluated alongside the quality of the real estate, tenant strength, lease structure, and the sponsor's track record.

Working With Charles Burnett, Seattle Multifamily Broker

Selling a multifamily property is about more than simply finding a buyer. The right exit strategy can significantly impact your long-term investment returns.

Charles Burnett, CCIM, is the founder of Sound Property Group and specializes exclusively in multifamily investment sales throughout the Seattle and Puget Sound region. He has helped hundreds of apartment owners successfully sell duplexes, triplexes, fourplexes, and larger apartment communities while maximizing value and navigating complex 1031 exchanges.

If you're considering selling an apartment building in Seattle, Bellevue, Tacoma, Everett, Shoreline, or the surrounding Puget Sound market, Charles Burnett can help you evaluate your property's value, discuss exchange strategies, and determine whether a DST investment may fit your long-term objectives.

Final Thoughts

Loan-to-value is one of the most important numbers in any DST investment. While higher leverage may increase potential returns and satisfy debt replacement requirements, lower leverage often provides greater stability during changing market conditions.

Whether you're selling a duplex or a large apartment complex, understanding LTV is an important part of making an informed 1031 exchange decision. Working with an experienced Seattle multifamily broker like Charles Burnett can help ensure your investment strategy aligns with your long-term financial goals.

Just Sold: 6-Unit Apartment Building in Downtown Sumner

824 Kincaid Ave, Sumner, WA
Sold for $1,100,000 | 6 Units

Every successful sale creates a new opportunity—and that's exactly what this transaction accomplished.

I'm excited to share the successful sale of this 6-unit apartment building in Downtown Sumner. More importantly, I'm grateful to have helped my client take the next step in growing his real estate portfolio.

Using a 1031 exchange, he'll be rolling the proceeds into a new construction rental property out of state, allowing him to defer capital gains taxes while continuing to build long-term wealth.

Helping clients strategically reposition their investments is one of the most rewarding parts of what I do.

A Landmark Multifamily Property

Located on a prominent corner lot in the heart of Downtown Sumner, this beautifully maintained garden-style apartment building combined historic character with strong investment fundamentals.

The property featured:

• Six fully occupied apartment units
• Strong, stable rental history
• Approximately a 6% cap rate
• Immediate cash flow
• Mission-inspired architecture with charming arches and a central courtyard

Recent capital improvements included:

• New roof
• Fresh exterior paint
• New gas heaters
• Updated unit interiors completed over the years

The combination of pride of ownership and consistent rental performance made this an attractive opportunity for investors seeking both stability and long-term appreciation.

Long-Term Development Potential

Beyond its current income, the property offered exceptional future upside.

Situated on a prime corner lot with zoning allowing up to four stories of mixed-use development, the building appealed to buyers looking beyond today's cash flow and toward future redevelopment opportunities.

Assets with both strong current performance and long-term development potential continue to attract significant investor interest throughout the Puget Sound region.

The Power of a 1031 Exchange

For many apartment owners, selling isn't the end of the investment journey—it's the beginning of the next chapter.

In this case, a 1031 exchange allowed my client to defer capital gains taxes and exchange into a newer investment property better aligned with his long-term goals.

Whether the objective is increasing cash flow, reducing maintenance, diversifying geographically, or upgrading into newer construction, a properly planned exchange can be a powerful wealth-building strategy.

Congratulations!

Congratulations to my client on the successful sale and best of luck with your new investment. Thank you for trusting me to help guide another important step in your real estate journey.

Thinking about selling your apartment building?

Whether you're considering a 1031 exchange, planning for retirement, or simply curious what your multifamily property is worth in today's market, I'd be happy to help you evaluate your options.

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Seattle, Tacoma, Sumner, Puyallup, Bremerton, and the greater Puget Sound region, helping owners maximize value and plan their next investment move.

2944 O St SE, Auburn, WA
Offered at $950,000 | 4 Units

Another Fourplex Friday is here, and this one checks a lot of boxes for investors and owner-occupants alike.

This turnkey Auburn fourplex has been exceptionally well maintained and offers immediate cash flow, below-market rents, recent capital improvements, and future upside—all in one of South King County's strongest rental markets.

Turnkey Investment with Room to Grow

The property features four 2-bedroom, 1-bath units, making it an attractive option for both tenants and investors.

Additional highlights include:

• Upper units with private balconies
• Lower units with fenced backyards
• Shared coin-operated laundry for additional income
• Fully occupied with quality tenants
• Two units on leases and two month-to-month

Current rents remain below market, creating a clear opportunity to increase income over time as leases renew or units turn over.

Major Improvements Already Completed

One of the biggest advantages of this property is that much of the heavy lifting has already been done.

Within the past 12 months, ownership has completed major capital improvements, including:

• New roof
• New windows
• Fresh exterior paint
• Updated interiors

With these improvements already in place, a new owner can focus on maximizing income rather than tackling costly deferred maintenance.

Great Opportunity for House Hackers

Looking for a way to offset your mortgage?

This property is also an excellent opportunity for an owner-occupant to live in one unit while collecting rental income from the other three. Multifamily properties like this continue to be one of the most effective ways to build wealth through real estate while reducing monthly housing costs.

Future Development Potential

The fourplex sits on a large lot that may offer the opportunity to construct additional unit(s) or a Detached Accessory Dwelling Unit (DADU) (buyer to verify).

That added flexibility creates another avenue for long-term appreciation beyond the property's existing income.

Prime Auburn Location

Conveniently located near shopping, schools, transit, and major commuter routes, this property benefits from strong and consistent rental demand.

Whether you're an experienced investor looking to expand your portfolio or purchasing your first multifamily property, this is the type of asset that rarely stays available for long.

Interested in learning more or scheduling a showing?

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in apartment buildings and multifamily investment properties throughout Auburn, Seattle, Tacoma, Puyallup, Bremerton, and the greater Puget Sound region. If you're thinking about buying, selling, or completing a 1031 exchange, I'd be happy to help you explore your options.

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.

2420 S I St, Tacoma, WA
Sold for $1,090,000 | 6 Units

Every investment property should move you closer to your long-term goals.

I'm excited to share the successful closing of this brand-new 6-unit apartment building in Tacoma. This transaction was part of a tight 1031 exchange, helping my client transition out of an older property that required constant maintenance and into a brand-new, fully occupied asset designed for long-term, hassle-free ownership.

Deal Highlights

• 🔑 Closed at $1,090,000
• 🔑 1031 Exchange Successfully Completed
• 🔑 5.875% Commercial Financing Secured
• 🔑 Traded an older, problem property for brand-new construction

A Strategic Upgrade

Not every investment decision is about maximizing cash flow.

Sometimes the biggest return comes from reducing risk, eliminating deferred maintenance, and simplifying ownership.

By exchanging into new construction, my client significantly reduced future capital expenditure concerns while acquiring a fully leased property with modern systems, lower maintenance requirements, and strong long-term rental demand.

Why 1031 Exchanges Matter

A 1031 exchange allows investors to defer capital gains taxes while repositioning their portfolio into properties that better align with their investment goals.

Whether that's moving into newer construction, increasing cash flow, consolidating multiple properties, or diversifying into a different market, a well-planned exchange can be one of the most powerful wealth-building tools available to real estate investors.

Congratulations!

Congratulations to my client on a successful exchange and the next chapter in growing their investment portfolio.

It's always rewarding to help clients move from managing headaches to owning properties that provide greater peace of mind and long-term financial security.

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in the sale of apartment buildings and multifamily investment properties throughout Tacoma, Seattle, and the greater Puget Sound region, helping owners maximize value and strategically reposition their portfolios through acquisitions and 1031 exchanges.

2025 Q1+ | Multifamily Market Update

📊 Transaction Volume Update: Q1 + April Trends

King County

Multifamily sales (2–20 units) dipped slightly in Q1 compared to last year, but Q2 is off to a strong start and is poised to outperform 2024.

Q1 2024 Sales: 68

Q1 2025 Sales: 54

Currently Under Contract: 36

April 2025 Sales (to date): 27

Same Time in April 2024: 18

Pierce County

The Pierce County market continues to rebound, showing healthy activity following the slowdown caused by higher mortgage rates and new tenant laws in Tacoma.

Q1 2024 Sales: 42

Q1 2025 Sales: 59

Currently Under Contract: 32

April 2025 Sales (to date): 15

Same Time in April 2024: 11

Snohomish County

Steady year-over-year improvement with a moderate uptick in Q1 sales.

Q1 2024 Sales: 26

Q1 2025 Sales: 32

Currently Under Contract: 9

April 2025 Sales (to date): 5

Same Time in April 2024: 7

📍 King County Market Outlook – April 2025

King County multifamily values remain near historic highs. From 2014 to 2022, values more than tripled in some neighborhoods, with rapid appreciation especially between 2017 and 2022.

The current slowdown—driven by elevated interest rates—is fundamentally different from the 2008–2012 downturn. Unlike then, we’re not seeing widespread distress, and many owners still hold substantial equity.

For those who purchased prior to 2022, this market still offers a strong exit window. While a full return to peak pricing may take time, waiting may not lead to significantly higher returns in the near term—especially with new supply and rising expenses adding pressure.

📍 Pierce County Market Outlook – April 2025

Multifamily values in Pierce County have held up remarkably well, even with higher interest rates and the impact of recent tenant law changes in Tacoma.

From 2014 to 2022, values surged more than 200%, and many investors who bought prior to 2021 are still sitting on substantial gains. Unlike the deep correction of 2008–2012, today’s dip feels more like a temporary adjustment than a long-term decline.

For sellers weighing their options, now may be a smart time to act—while values remain elevated and before potential headwinds from new legislation or further rate hikes.

📍 Snohomish County Market Outlook – April 2025

Snohomish County has seen consistent appreciation over the last decade, with multifamily values nearly doubling between 2017 and 2022.

While higher borrowing costs have slowed the pace of deals, values are still holding near peak levels. The current environment may not be ideal for aggressive pricing, but it still favors sellers who purchased several years ago.

If you’re considering a sale, now could be a strategic time—before more inventory comes online and while buyer activity in Q2 remains strong.

5032 S 58th St, Tacoma, WA
Offered at $749,900 | 4 Units

Comin' in hot with another Tacoma fourplex listing!

If you're looking for a Tacoma fourplex with strong upside, this one deserves a serious look. Priced $180,000 below the county's tax assessed value, this property offers immediate income, below-market rents, and several opportunities to create additional value over time.

Value-Add Opportunity

Located in Orchard Glen Estates, this solid fourplex features four spacious 2-bedroom, 1-bath units, each approximately 900 square feet.

Upper units include private balconies, while the lower units feature patios and large fenced backyards—amenities that continue to attract long-term tenants.

Current ownership has kept rents well below market, creating a clear opportunity for future rent growth. Based on projected market rents, the property offers an impressive 8.7% market cap rate.

Unique Additional Income Potential

One of the most unique features of this property is its approximately 1,800-square-foot basement with full-height ceilings.

Whether used for tenant storage, workshop space, or potentially converted into additional units (buyer to verify), the basement provides flexibility rarely found in fourplex properties and creates another avenue for future income.

Strong Tenant Base with Flexibility

The property is fully occupied, with Unit D intentionally left vacant for showings.

The remaining three tenants have been in place for many years, are currently month-to-month, and have not received rent increases in several years. This provides investors with both stable occupancy and the ability to gradually bring rents closer to market over time.

Additional features include:

• Shared laundry facility
• New roof installed in 2019
• Large one-third acre lot
• Quiet cul-de-sac location

Excellent Tacoma Location

Conveniently located with quick access to Interstate 5 and JBLM, the property benefits from consistent rental demand driven by military, healthcare, and commuter employment.

Its combination of a quiet residential setting and convenient access to shopping, schools, and major employers makes it an attractive rental property for years to come.

Priced to Sell

Opportunities like this don't come around often.

A turnkey Tacoma fourplex with below-market rents, expansion potential, and priced $180,000 below tax assessed value presents an exceptional opportunity for investors looking to build long-term wealth through multifamily real estate.

Interested in learning more?

Contact me for financial information, rent roll, or to schedule a private showing.

Charles Burnett, CCIM
Founder | Sound Property Group

I specialize exclusively in apartment buildings and multifamily investment properties throughout Tacoma, Seattle, Puyallup, Auburn, Bremerton, and the greater Puget Sound region, helping investors identify opportunities that maximize cash flow, appreciation, and long-term returns.