522 E 32nd ST #A-D, Tacoma, WA 98404
522 E 32nd ST #A-D, Tacoma, WA 98404
522 E 32nd ST #A-D, Tacoma, WA 98404
522 E 32nd ST #A-D, Tacoma, WA 98404
522 E 32nd ST #A-D, Tacoma, WA 98404
522 E 32nd ST #A-D, Tacoma, WA 98404
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Melissa Villa

Melissa Villa

+1(206) 499-7818
Listed by:Real Broker LLC • Charles Burnett
$ 949,500
Est. payment | /mo

8 Beds

4 Baths

3,374 SqFt

Save
$ 949,500
Est. payment | /mo
Save

8 Beds

4 Baths

3,374 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Pending - Backup Offer Requested

Purchase Type For Sale

Square Footage 3,374 sqft

Price per Sqft $281

Subdivision Mckinley

MLS Listing ID 2506088

Style 54 - 4-Plex

Bedrooms 8

Year Built 1992

Annual Tax Amount $11,101

Lot Size 6,500 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State WA

County Pierce

Area 55 - Southeast Tacoma

Interior

Flooring Vinyl, Carpet

Fireplace false

Exterior

Exterior Feature Wood Products

Garage Spaces 4.0

View Y/N Yes

View Bay, City, Mountains, Sound

Roof Type Composition

Building

Lot Description Alley, Corner Lot, Curbs, Paved

Sewer Sewer Connected

Water Public

New Construction No

Schools

School District Tacoma

Others

Senior Community No

Acceptable Financing Cash, Conventional, VA Loan

Listing Terms Cash, Conventional, VA Loan

Northwest MLS (NWMLS)
"Three Trees" icon indicates a listing provided courtesy of NWMLS.

NEARBY SCHOOLS & PROPERTIES

Melissa Villa

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(206) 499-7818

mmpnwrealty@gmail.com

15421 Main St E, Sumner, WA, 98390, USA

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522 E 32nd ST #A-D