6215 29th Street NE, Tacoma, WA 98422

$1,250,000
4,344
SqFt

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Listing courtesy of Upside Properties.

List Price
$1,250,000
Status
ACTIVE
MLS#
2447851
Days on Market
265
Style
53 - Tri-plex
Finished SqFt
4,344
Area Total SqFt
4344
Annual Tax Ammount
11418
Lot Size (sq ft)
14,875
Sewer
Sewer Connected

Property Description

Well-positioned investment property located in the desirable Browns Point area of Northeast Tacoma. With Units B & C rented and stabilized, Unit A has recently been vacated and prepped for new tenants. This triplex features generously proportioned units at ~1450 sq.ft. each and has delivered consistent cash flow at a 5.8% capitalization rate. Comprehensive recent improvements include luxury vinyl plank flooring, updated interior and exterior paint, stainless steel appliance packages, in-unit washer and dryer hookups, quartz countertops, and tile finishes. All three units offer ground-level entry, individual fenced outdoor spaces, and allocated parking with two designated spaces per unit. The property comprises two 4-bedroom, 2-bathroom units and one 5-bedroom, 2-bathroom unit, offering diverse rental market appeal. This is a well-maintained asset offering immediate cash flow alongside strong appreciation prospects in a premier Tacoma residential location.

Additional Information

List Date
2025-11-03 20:28:11
Community
Browns Point
Net Operating Income
$74,509
Gross Adjusted Income
$98,549
Gross Scheduled Income
$100,560
Total Monthly Income
$8,380
Insurance Expenses
$4,033
Water/Sewer/Garbage Expenses
$7,000
Gross Rent Multiplier
72497.8
Total Expenses
$26,051
Cap Rate
5.8
Vacancy Rate
3
Total Number of Units
3
Unit Name
6215
Potential Terms
Cash, Conventional, FHA
Year Built
1996
View
Territorial
Roof
Composition
Site Features
Fenced-Partially, Patio
Other Expenses
3600
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$8,380
Gross Scheduled Income
$100,560
Vacancy Rate
3
Gross Adjusted Income
$98,549
Tax Year
2025
Insurance Expense
$4,033
W/S/G Expenses
$7,000
Total Expenses
$26,051
Net Operating Income
$74,509
Gross Rent Multiplier
72497.8
Cap Rate
5.8
Based on information submitted to the MLS GRID as of . 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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