Property Details
1637 CENTER Street
Tacoma, WA 98409
$689,010
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About This Home
This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Contract available.
Property Details
Property Information
Property Type
Residential
Subtype
Single Family Residence
Status
Active
County
Pierce
Neighborhood
Central Tacoma
Listed
May 5, 2025
Original Price
$875,000
Interior Features
Bedrooms
1
Bathrooms
1.0
Living Area
6,000 sq ft
Exterior & Lot
Lot Size
0.23 sqft
Year Built
1970
Exterior Materials
Wood
Parking
None
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood, Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.23410, -122.45667
Schools
School District
Tacoma
Elementary School
Stanley
High School
Foss
Additional Information
Tax Year
2025
Annual Taxes
$4,260
Possession
Array
Inclusions
See Remarks
Mortgage Calculator
Estimated Monthly Payment
$0
Provided by Beyond Real Estate, LLC
Down Payment Assistance Available
This property may qualify for homebuyer assistance programs
Find out if you’re eligible for down payment assistance programs that could help make this home more affordable. Programs can provide thousands of dollars toward your down payment and closing costs.
Check Your EligibilityBased 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.
