Property Details
12410 36th Avenue E
Tacoma, WA 98446
$999,950
Pending Inspection
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Property Overview
This is a great opportunity to have an instant cash return on an investment. The rents are currently below market, and by increasing them the cap rate could reach as high as 7.5%. The property consists of two duplexes featuring two 2 bedroom, 1 bathroom units, one 2 bedroom, 1.5 bathroom unit, and one 2 bedroom, 2.5 bathroom unit, with each unit offering its own fireplace. The buildings are very well maintained and include a 2 car garage along with an additional 3 car garage, plus two covered parking stalls. The total parcel spans 7 acres in a fantastic location. Planning and Zoning has indicated they would consider a plan for cluster development. Additional features include a new roof installed in 2018 and fully paid off solar panels. Showings are available upon a signed agreement.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
Pierce
Neighborhood
Summit
Listed
Apr 11, 2026
Financial Summary
Cap Rate
5.50%
Net Operating Income
$55,104
Gross Scheduled Income
$71,820
Gross Rent Multiplier
13.90
Total Expenses
$16,716
Building & Use
Building Sq Ft
4,600
Leasable Area
4,600 sqft
Total Units
4
Zoning
Residential
Possible Use
Residential
Lot Size
6.88 acres
Year Built
1984
Exterior & Lot
Lot Size
6.88 sqft
Year Built
1984
Garage
5 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Dead End Street, Open Space, Secluded, Value In Land
Exterior Features
Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.14243, -122.38166
Additional Information
Tax Year
2025
Annual Taxes
$13,440
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
