Property Details

10002 10004 Barnes Lane S
Tacoma, WA 98444
$595,000
MLS# 2508069 courtesy of NWMLS Listing firm: Windermere Prof Partners

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10002 10004 Barnes Lane S, Tacoma, WA 98444, Tacoma

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10002 10004 Barnes Lane S, Tacoma, WA 98444, Tacoma

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Multi-Family
Property Type
1,690
Bldg Sq Ft
2
Units
4.37%
Cap Rate
1987
Year Built

Property Overview

Quality Duplex with Upside potential to build another unit! Income producing duplex with recent upgrades and an extra large lot. New roof and underlayment in March 2026. Unit 10002 has 3 bedrooms, 1 bath Jack-n-Jill style, 1 car garage, sporting all new windows April 2026. Unit 10004; 2 bedrooms, 1 bath, 1 car garage, remodeled in 2022, new carpet, paint, fixtures. Fenced front and back yards. This odd shaped parcel (see West Side of the lot, aprox. 52×114') may allow for a 3rd Unit/Townhouse style or additional garage space, or potential split-off and sell to a neighbor. Located behind fenced yard of unit 10002, overgrown with bushes. There are newer homes to the North and new homes being built on East side. Great upcoming neighborhood. Connected to sewer. Viewing – Preapproval letter or Evidence of Funds prior to showing appointment. 72 hour Business Day notice required thru Property Management. Tenant occupied. Kindly do not disturb. Buyer to verify all information to their own satisfaction.

Property Details

Property Information

Property Type Residential Income
Subtype Multi Family
Status Active
County Pierce
Neighborhood Tacoma
Listed Apr 17, 2026

Financial Summary

Cap Rate 4.37%
Net Operating Income $26,017
Gross Scheduled Income $38,792
Gross Rent Multiplier 15.44
Total Expenses $12,775

Building & Use

Building Sq Ft 1,690
Leasable Area 1,690 sqft
Total Units 2
Zoning Multi-Family,Residential
Possible Use Multi-Family, Residential
Lot Size 19,166 sqft
Year Built 1987

Exterior & Lot

Lot Size 0.44 sqft
Year Built 1987
Garage 2 spaces
Exterior Materials Wood
Sewer Sewer Connected
Water Source Public
Lot Features Paved
Exterior Features Wood Products

Location

City Tacoma
County Pierce
Coordinates 47.16642, -122.44609

Additional Information

Tax Year 2025
Annual Taxes $4,972
Possession Array
Listed By
Cathy Torgerson
Windermere Prof Partners

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