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Additional details
Listed by:COMPASS • Lisa Le
$ 899,000
Est. payment /mo
Active
10415 10423 Golden Given RD E Tacoma, WA 98445
10 Beds
5 Baths
4,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $224
Subdivision Midland
MLS Listing ID 2487537
Style 55 - 5-9 Units
Bedrooms 10
Year Built 1962
Annual Tax Amount $3,411
Lot Size 0.482 Acres
Lot Dimensions 148x123x151x124
Property Sub-Type Multi Family
Property Description
Opportunity to acquire a 5-plex in Tacoma's Midland neighborhood, offering strong income and straightforward operations. The property consists of five 2-bedroom, 1-bath units, each approximately 700 square feet, providing a consistent unit mix with steady rental demand for multi-bedroom housing. The asset currently generates $56,469 in annual Net Operating Income, reflecting a 7.06% cap rate, presenting investors with immediate cash flow from day one. With the same layout across all units, the property allows for simplified management and leasing. Located in Tacoma's Midland area, the property benefits from proximity to major commuter routes, shopping centers, and everyday amenities, making it a convenient location for tenants. The consistent unit configuration and manageable property size make this an appealing option for investors seeking a stable small multifamily asset in an established rental market. This offering presents a solid opportunity for buyers looking to add a cash-flowing multifamily property with long-term income potential in the Tacoma area.
Location
State WA
County Pierce
Area 64 - Parkland/Midland
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Wood Products
Amenities Available Fenced-Fully, High Speed Internet
View Y/N No
Roof Type Composition
Building
Lot Description Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Franklin Pierce
Others
Senior Community No
Acceptable Financing Cash
Listing Terms Cash
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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