5032 S 58th Street
Tacoma, WA 98409
5435 sqft | 0.36 acres | #2323569
Description
Solid Fourplex located in Orchard Glen Estates. Value-Add Opportunity with rents well below market rates. Units are ~900SF, 2bed/1bath; upper have balconies, lower have patios & large back yards. Shared laundry facility in basement. New roof in 2019. This building uniquely features an ~1,800SF basement with full-height ceilings, offering exceptional versatility & additional income potential—rent out as storage, workshop, or maybe convert to more unit(s)? Unit D left vacant for showings; ABC tenants are very long term, month to month with no rent increases in several years. 1/3 Acre Lot. Quiet cul-de-sac location w/ convenient access to I-5 & JBLM. 8.7% Cap Rate @ Market Rents. Competitively priced to sell at $180k below tax assessed value!
Property Details
- Exterior MaterialsWood, Wood Products
- InteriorWall to Wall Carpet
- Date ListedJanuary 23, 2025
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- Property TypeMulti-Family
- SubdivisionSouth Tacoma
- Property SubtypeMulti-Family
- ViewTerritorial
- Style54 - 4-Plex
- Lot DescriptionCul-De-Sac
- Structure TypeQuadruplex
- Original List Price$749,900
- MLS #2323569
- MLS #2323569
- Property ConditionAverage
- Acres0.3641
- School DistrictTacoma
- CountyPierce
- Taxes Annual$9,184
- Cost749900
- Square Feet5435
- Year Built1978
- Hoa Fees600
- Stories3
- Days on Market (Cumulative)7
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-01-29 21:15:09. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Charles Burnett (#NWM36996)
Listing Office: Keller Williams Seattle Metro (#NWM1470)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
