901 S Grant Avenue, Tacoma, WA 98405

$950,000
2,360
SqFt

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Listing courtesy of Keller Williams Rlty Bellevue.

List Price
$950,000
Status
ACTIVE
MLS#
2497615
Days on Market
122
Style
54 - 4-Plex
Building Condition
Very Good
Finished SqFt
2,360
Area Total SqFt
2360
Annual Tax Ammount
9047.92
Lot Size (sq ft)
4,342
Sewer
Sewer Connected

Property Description

Outrageous cash-flow opportunity in a prime Hilltop location near the light rail and hospitals! This fully furnished 4-plex offers 2,360 square feet of living space, delivering exceptional income potential. The property features two 2-bedroom units and two 1-bedroom units, all recently updated for modern appeal. The 1-bedroom units each feature en-suite layouts, and one unit even enjoys a rare peekaboo view of Mount Rainier. Major capital improvements have already been completed in the last few years, including roof, sewer, partial plumbing and electrical, and heaters. Additional features include shared washer/dryer, ample basement storage, and strong upside potential. With below-market rents, there is clear room for increased income. The flexible setup creates endless possibilities: continue as furnished rentals, explore short-term rental potential where permitted, and/or owner-occupy while generating strong rental income. Conveniently located with easy access to downtown, major commute routes, and light rail. Add this high-performing income property to your portfolio today.

Additional Information

List Date
2026-03-26 21:52:10
Community
Tacoma
Net Operating Income
$51,801
Gross Adjusted Income
$51,801
Gross Scheduled Income
$79,200
Total Monthly Income
$6,600
Insurance Expenses
$3,279
Water/Sewer/Garbage Expenses
$6,415
Gross Rent Multiplier
12
Total Expenses
$27,398
Cap Rate
5.5
Vacancy Rate
1
Total Number of Units
4
Unit Name
901
Potential Terms
Cash, Conventional, VA Loan
Year Built
1962
View
Mountains, Partial, Territorial
Roof
Composition
Site Features
Cable TV, Deck, Fenced-Partially, High Speed Internet
Electric Expenses
6257
Other Expenses
2400
Energy Source
Electric
School District
Tacoma
Elementary School
Bryant
Middle School
Hilltop Heritage Middle
High School
Stadium
Total Monthly Income
$6,600
Gross Scheduled Income
$79,200
Vacancy Rate
1
Gross Adjusted Income
$51,801
Tax Year
2026
Insurance Expense
$3,279
W/S/G Expenses
$6,415
Total Expenses
$27,398
Net Operating Income
$51,801
Gross Rent Multiplier
12
Cap Rate
5.5
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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