Property Details
2152 S -54 J St Street
Tacoma, WA 98405
$545,000
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Property Overview
Here is your opportunity to own a one-of-a-kind historic duplex in Tacoma's Hilltop neighborhood. Converted to a duplex shortly after construction, this classic home offers timeless character, strong income potential, and room to add value. Rescued and thoughtfully restored in the 1980s, it's now ready for its next chapter. The upper 2-bedroom unit has benefited from significant updates, including beautifully refinished original hardwood floors, fresh interior paint, and new kitchen cabinetry, while retaining its historic charm. The lower unit offers an excellent opportunity for similar improvements, allowing the next owner to build additional equity. Both units are currently occupied, providing immediate rental income from day one. Whether you're an investor or looking to expand your portfolio with a unique property, this historic duplex is full of potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Hilltop
Listed
Jul 23, 2026
Original Price
$565,000
Structure Type
Duplex
Parcel Number
7685001650
Tax & HOA
Annual Property Tax
$5,351 (2026)
Est. Monthly Tax
$446/mo
Financial Summary
Cap Rate
3.00%
Net Operating Income
$19,886
Gross Scheduled Income
$32,400
Gross Rent Multiplier
17.40
Total Expenses
$12,514
Building & Use
Building Sq Ft
2,679
Leasable Area
2,679 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
4,199 sqft
Year Built
1900
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1900
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
GPS
Location
City
Tacoma
County
Pierce
Coordinates
47.23992, -122.44793
Additional Information
Tax Year
2026
Annual Taxes
$5,351
Possession
Array
Based on information submitted to the MLS GRID as of August 4, 2026 9:45 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.
