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1722 E 56th Street, Tacoma, WA, 98404

8beds
4baths
3,800sqft
$757,195
$199price/sqft
$4,957/moest. monthly cost
$198,280/yrincome needed

About This Home

Solid, turn-key fourplex with strong cash flow and upside in rents. Each spacious 938 SF unit features 2 bedrooms, 1 bath, in-unit washer/dryer, and a fireplace. Three of the four units have been renovated with high-end finishes. Recent exterior upgrades include paint, doors, and windows. Large parking area with reserved spaces for tenants. Current 7.7% cap rate with additional upside through future rent growth. Strong fit for both investors seeking stable cash flow and owner-occupants looking to offset their mortgage through rental income. One unit has been intentionally left vacant to allow for easy showings and flexibility for a potential owner-occupant buyer. Convenient location near amenities supports consistent rental demand and long-term appreciation potential.

Getting Around

45
WalkingCar-Dependent
0
TransitVery Limited Transit
61
BikeBikeable

Schools

4/10
3/10
2/10
Lincoln High SchoolGrades 9-122.2 mi

Construction

Condition

  • Property condition: Average
  • Year built: 1983

Materials

  • Foundation: Poured Concrete
  • Roof: Composition
  • Construction materials: Wood Siding

Notable Dates

  • Major remodel year: 2001

Type & Style

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

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 4

Features

  • Window features: Thermal Windows
  • Flooring: Ceramic Tile,Engineered Hardwood,Laminate,Carpet

Heating & Cooling

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

Interior Area

  • Total structure area: 3,800
  • Total interior livable area: 3,800 sqft

Property

Details

  • Parcel number: 5345000031
  • Zoning description: Multi-Family,Residential,Jurisdiction: City
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 7,000 sqft

Parking

  • Total spaces: 4
  • Uncovered spaces: 4