522 E 32nd Street #A-D, Tacoma, WA 98404
Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: charles burnett
Office: real broker llc.
MLS#:2506088
Source:NWMLS
522 E 32nd Street #A-D,Tacoma, WA 98404
$949,500
- - Beds
- - Baths
- 3,374 sq. ft.
- Multi-family
- Active
Price summary
- Price:$949,500
- Price per sq. ft.:$281.42
About this home
Meticulously maintained view fourplex in a prime Tacoma location, owned and cared for by the same owner for over 30 years. Built in 1992, this property offers a rare combination of strong in-place cash flow, pride of ownership, and clear upside potential. Each unit includes its own washer and dryer—no shared laundry—and tenants benefit from a detached 4-car garage with individual bays, plus ample off-street parking. The standout feature here is the view—sweeping, unobstructed sightlines of Commencement Bay, the Tacoma Dome, and the downtown skyline from every unit, including the lower level. This is a true “all units have a view” asset, which is extremely rare in this price point. Recent capital improvements provide peace of mind for years to come, including a newer roof, exterior paint, and new Milgard windows. In 2025, the city completed streetscape improvements including new sidewalks and lighting, transforming the immediate area into a park-like setting and materially enhancing curb appeal and long-term desirability. Rents are well below market with long-term, month-to-month tenants, creating immediate value-add potential. At current rents, the property is being offered at a 6.5% cap rate, with a clear path to approximately an 8% cap at market rents. Minimal deferred maintenance + below-market rents = clean, low-risk value-add. One unit has been intentionally left vacant for ease of showings and to accommodate an owner-occupant buyer....
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Home facts
- Year built:1992
- Listing ID #:2506088
- Updated:April 12, 2026 at 11:02 AM
Rooms and interior
- Flooring:Carpet, Vinyl Floor
- Living area:3,374 sq. ft.
Structure and exterior
- Roof:Composition
- Year built:1992
- Building area:3,374 sq. ft.
- Lot area:0.15 Acres
- Lot Features:Alley, Corner, Curbed Lot, Paved
- Construction Materials:Wood Products Exterior Finish
Utilities
- Water:Public
- Sewer:Sewer Connected
Finances and disclosures
- Price:$949,500
- Price per sq. ft.:$281.42
- Tax amount:$11,101 (2025)
Parking
- Total parking spaces:11
- Garage:Yes
- Garage spaces:4
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