1561 S 35th Street, Tacoma, WA 98418

Local realty services provided by:Better Homes and Gardens Real Estate Gary Mann Realty
Listed by:rachel veary
Office:1 percent lists tacoma
MLS#:2426630
Source:NWMLS
1561 S 35th Street,Tacoma, WA 98418
$515,000
  • - Beds
  • - Baths
  • 1,281 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$515,000
  • Price per sq. ft.:$402.03

About this home

Prime investment in this Tacoma duplex! Fully occupied with solid, market-rate tenants and zero vacancies. Net Operating Income $26,620 annually, cap rate 5.17%—a true plug-and-play investment. Each 640 sf unit is single-level w/ in-unit laundry, separate utility meters, one garage space. Consistent updates include laminate flooring, granite counters, cabinetry, appliances, paint, and doors. Enjoy fully fenced yard w/shared covered patio & an apple tree producing more apples than you’ll know what to do with! Located in Tacoma w/easy access to I-5, grocery, schools, parks, and transit—plus walkable to coffee, restaurants. Tenants love living here and want to stay—rare chance for stable, cash-flowing property in a high-demand rental market.

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Home facts

  • Year built:1955
  • Listing ID #:2426630
  • Updated:September 26, 2025 at 12:23 AM

Rooms and interior

  • Living area:1,281 sq. ft.

Heating and cooling

  • Heating:Wall Unit(s)

Structure and exterior

  • Roof:Flat Roof
  • Year built:1955
  • Building area:1,281 sq. ft.
  • Lot area:0.16 Acres

Schools

  • High school:Buyer To Verify
  • Middle school:Buyer To Verify
  • Elementary school:Buyer To Verify

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$515,000
  • Price per sq. ft.:$402.03
  • Tax amount:$5,424 (2025)
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