Property Details
1561 S 35th Street
Tacoma, WA 98418
$450,000
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Property Overview
Lovely duplex in the heart of the Lincoln district. Each unit has its own garage with w/d. Units metered separately. Units were recently updated. Building has had 100% occupancy. Location is great for a commuter and/or JBLM. Walkable to shopping and restaurants. One level living. Both units are 2 bedrooms 1 bath. Currently has long term tenants.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
South Tacoma
Listed
Mar 31, 2026
Original Price
$475,000
Financial Summary
Cap Rate
5.50%
Net Operating Income
$26,400
Gross Scheduled Income
$35,400
Gross Rent Multiplier
13.00
Total Expenses
$9,000
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
1,281
Leasable Area
1,280 sqft
Total Units
2
Lot Size
6,861 sqft
Year Built
1955
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1955
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot
Exterior Features
Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.22206, -122.44735
Additional Information
Tax Year
2025
Annual Taxes
$5,424
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 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.
