Property Details
238 240 S 70th St
Tacoma, WA 98408
$1,170,000
Active
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Property Overview
Each unit has 3 bedrooms and 1.75 bathrooms. Once in a lifetime opportunity has hit the market. Whether this opportunity is for a quick return on your investment or a long term wealth building strategy, this Turn Key Asset will produce upon your acquisition. Its proximity to amenities and thriving neighborhood is certainly a crowd pleaser. Strategically positioned in a prime location, this income generating asset which is close to public transit and in an area of strong rental demand with zero vacancy is a must see for anyone looking for future wealth creating rewards and potential growth.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Hillsdale
Listed
May 23, 2025
Original Price
$1,200,000
Financial Summary
Cap Rate
3.10%
Net Operating Income
$37,552
Gross Scheduled Income
$45,000
Gross Rent Multiplier
26.70
Total Expenses
$7,448
Building & Use
Building Sq Ft
2,700
Leasable Area
2,700 sqft
Total Units
2
Zoning
See Remarks
Possible Use
See Remarks
Lot Size
5,998 sqft
Year Built
1951
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1951
Garage
2 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Corner Lot, Paved, Sidewalk
Exterior Features
Wood, Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.19377, -122.43611
Additional Information
Tax Year
2025
Annual Taxes
$6,368
Possession
Array
Based 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.
