Property Details
2076 E 56th Street
Tacoma, WA 98404
$1,050,000
Pending
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Property Overview
Prime Investment Opportunity! Amazing Income Generating Machine! Discover an exceptional turnkey 4-plex investment, strategically nestled in a quiet Tacoma community, offering a robust income-generating asset in one of the Pacific Northwest's hottest real estate markets. Each of the 4 spacious units boasts an identical, highly desirable layout featuring 3 generous bedrooms & 1.75 baths across 1,019 square feet, complete with private balcony/patio space & dedicated storage, strongly appealing to long-term tenants. The property offers a significant opportunity for value appreciation. The current rental income is below competitive market value, suggesting a clear path to immediate value appreciation and strong potential Cap Rate of 5-6%. Units have been updated with kitchens featuring newer appliances & white cabinetry, durable flooring, and in-unit washers/dryers. On-site parking includes 8 designated spaces. The location offers enviable lifestyle appeal, situated moments from Swan Creek Park's acclaimed MTB Trail, half a mile from First Creek Middle School, & close to Cloverdale Park & essential retail. This 4-plex represents a prime addition to any portfolio, offering immediate cash flow, tangible upside, and a highly sought-after unit mix. Strong rental demand in this corridor ensures stability & continuous occupancy. Do not miss this chance to solidify your investment future in the strong Tacoma market. Please respect tenant privacy. Please DO NOT disturb Occupants.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
Swan Creek
Listed
Apr 16, 2026
Financial Summary
Cap Rate
5.98%
Net Operating Income
$628,000
Gross Scheduled Income
$84,000
Gross Rent Multiplier
12.50
Total Expenses
$12,200
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
4,076
Leasable Area
4,076 sqft
Total Units
4
Lot Size
10,576 sqft
Year Built
1986
Exterior & Lot
Lot Size
0.24 sqft
Year Built
1986
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Dead End Street
Exterior Features
Wood
Location
City
Tacoma
County
Pierce
Coordinates
47.20581, -122.39998
Additional Information
Tax Year
2025
Annual Taxes
$9,000
Possession
Array
Based on information submitted to the MLS GRID as of April 28, 2026 7:30 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.
