Property Details
201 E 36th Street
Tacoma, WA 98404
$735,000
Pending
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Property Overview
Outstanding multi-family opportunity in East Tacoma! This well-positioned triplex sits on a spacious corner lot at the entrance of a quiet cul-de-sac with convenient access to I-5, Hwy 7, and major commuter routes, an attractive location for consistent rental demand. Each of the three units offers approximately 800 square feet with 2 bedrooms, 1 full bath, practical layouts, and two dedicated parking spaces per unit. Currently generating $5,095 per month in rental income, the property provides immediate income with additional upside potential as improvements continue.Units have been updated over time, and the roof has been replaced in recent years (per seller). Each unit is separately metered for electricity, supporting simplified utility management. Properties offering income in place, flexible occupancy options, and value-add potential are limited. A versatile opportunity in a convenient Tacoma location.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
East Tacoma
Listed
Mar 3, 2026
Financial Summary
Cap Rate
6.23%
Net Operating Income
$46,614
Gross Scheduled Income
$61,140
Total Expenses
$12,692
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
2,400
Leasable Area
2,400 sqft
Total Units
3
Zoning
Multi-Family,Residential
Possible Use
Multi-Family, Residential
Lot Size
9,026 sqft
Year Built
1985
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1985
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Cul-De-Sac
Exterior Features
Wood
Location
City
Tacoma
County
Pierce
Coordinates
47.22661, -122.42942
Additional Information
Tax Year
2025
Annual Taxes
$7,029
Possession
Array
Based on information submitted to the MLS GRID as of May 4, 2026 4:15 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.
