Listing courtesy of COMPASS 425-242-6440
Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
Fantastic Investor Opportunity. Two separate houses and 10 rented garage units bring an almost 6% cap rate. New roof on the garages. New flooring, carpet and paint in both units. New appliances, windows and electrical wiring in the cottage unit. Completely rented out, refreshed and ready to be acquired. The main house boasts enormous rooms, a large kitchen and a separate kitchen in the basement. The cottage is filled with light, and fully updated yet maintains its mid century charm. Add in the garage units, a sturdy brick building with ten separate stalls, new roof last year, all fully rented out. JBLM minutes away, making this a popular tenant location. Photos limited due to tenant occupancy and respect for privacy. $120K in renovations.
Multifamily
Duplex
1952
--
--
0.53
Active
40
4,551 Sq. Ft.
40
22,999 Sq. Ft.
Location
- No
- Ceramic Tile, Wall to Wall Carpet
- 90%+ High Efficiency, Central A\/C, Forced Air, Heat Pump, High Efficiency (Unspecified)
- Forced Air, Heat Pump, High Efficiency (Unspecified)
- Ceramic Tile, Vinyl Plank, Carpet
- Brick
- RV Parking
- Composition, Torch Down
- Block, Slab
- Territorial
- Public
- 2200002412
Vikki Iverson
COMPASS
Pierce
NWM2352914
Closing
Listings last updated on 05/10/2025 11:15 AM.
The listings presented here may or may not be listed by Realoq. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
Average List Price
$543,512
2%
Average Sale Price
$540,203
1%
Days on Market
62
41%
Homes Sold
75
0%
Median List Price
$490,000
3%
Median Sale Price
$490,000
5%
Sale/Price Ratio
99%
0%
Homes for Sale
53
34%
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The listings presented here may or may not be listed by Realoq. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision. The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumers may be interested in purchasing.
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