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901 S Grant Avenue, Tacoma, WA, 98405

6beds
4baths
2,360sqft
$950,000
$403price/sqft
$6,055/moest. monthly cost
$242,200/yrincome needed

About This Home

Outrageous cash-flow opportunity in a prime Hilltop location near the light rail and hospitals! This fully furnished 4-plex offers 2,360 square feet of living space, delivering exceptional income potential. The property features two 2-bedroom units and two 1-bedroom units, all recently updated for modern appeal. The 1-bedroom units each feature en-suite layouts, and one unit even enjoys a rare peekaboo view of Mount Rainier. Major capital improvements have already been completed in the last few years, including roof, sewer, partial plumbing and electrical, and heaters. Additional features include shared washer/dryer, ample basement storage, and strong upside potential. With below-market rents, there is clear room for increased income. The flexible setup creates endless possibilities: continue as furnished rentals, explore short-term rental potential where permitted, and/or owner-occupy while generating strong rental income. Conveniently located with easy access to downtown, major commute routes, and light rail. Add this high-performing income property to your portfolio today.

Getting Around

83
WalkingVery Walkable
0
TransitVery Limited Transit
67
BikeBikeable

Schools

2/10
Bryant Montessori SchoolGrades PK-80.1 mi
7/10
Stadium High SchoolGrades 9-121.1 mi
3/10

Construction

Condition

  • Property condition: Very Good
  • Year built: 1962

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Stucco

Notable Dates

  • Major remodel year: 1962

Type & Style

  • Home type: MultiFamily
  • Architectural style: 4-Plex
  • Property subType: Quadruplex

Interior

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4

Features

  • Flooring: Ceramic Tile,Softwood,Vinyl Plank

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 2,360
  • Total interior livable area: 2,360 sqft

Property

Details

  • Parcel number: 2009330020
  • Zoning description: Multi-Family,Jurisdiction: City
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Partial,Territorial

Lot

  • Lot size: 4,342 sqft
  • Features: Corner Lot,Curbs,Paved,Sidewalk,Cable TV,Deck,Fenced-Partially,High Speed Internet

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Earthquake
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $4,803$57,636
Home Insurance *$264$3,168
Property Taxes $827$9,924
Electricity $161$1,937
Total$6,055$72,660
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$207,600/yr
40% on housing$181,650/yr
45% on housing$161,466/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$403This listing

vs Other Active Listings

Avg $/sqft

ZIP 98405$218
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98405$316
Pierce County$312

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-03-26Listed for sale$950,000
2025-01-21Sold$906,750
2024-12-17Pending sale$900,000
2024-12-12Listed for sale$900,000
2020-09-30Sold$707,500
2020-08-22Pending sale$669,000
2020-08-20Listed for sale$669,000
2017-04-21Sold$384,500
2011-07-12Sold$228,000
2010-12-10Sold$157,300
2010-04-02Price change$365,950
2009-09-27Price change$369,950
2009-03-14Price change$379,950
2008-10-27Listed for sale$384,950
2008-05-18Listing removed$379,950
2008-03-05Listed for sale$379,950
2002-04-15Sold$175,000

For Sale by Agent

AgentQi Wang
BrokerageKeller Williams Rlty Bellevue

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