Property Details
1722 E 56th Street
Tacoma, WA 98404
$757,500
Active
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Property Overview
Solid, turn-key fourplex with strong cash flow and upside in rents. Each spacious 938 SF unit features 2 bedrooms, 1 bath, in-unit washer/dryer, and a fireplace. Three of the four units have been renovated with high-end finishes. Recent exterior upgrades include paint, doors, and windows. Large parking area with reserved spaces for tenants. Current 7.7% cap rate with additional upside through future rent growth. Strong fit for both investors seeking stable cash flow and owner-occupants looking to offset their mortgage through rental income. One unit has been intentionally left vacant to allow for easy showings and flexibility for a potential owner-occupant buyer. Convenient location near amenities supports consistent rental demand and long-term appreciation potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Tacoma
Listed
May 7, 2026
Financial Summary
Cap Rate
7.70%
Net Operating Income
$58,153
Gross Scheduled Income
$77,640
Gross Rent Multiplier
9.00
Total Expenses
$17,934
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
3,800
Leasable Area
3,752 sqft
Total Units
4
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
7,000 sqft
Year Built
1983
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1983
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood
Location
City
Tacoma
County
Pierce
Coordinates
47.20589, -122.40488
Additional Information
Tax Year
2026
Annual Taxes
$8,684
Possession
Array
Based on information submitted to the MLS GRID as of May 8, 2026 1:45 AM. 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.
