Property Details
2918 AB S 7th Street
Tacoma, WA 98405
$649,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 35
Property Overview
Beautifully maintained legal duplex just one block from Tacoma's vibrant 6th Avenue District, offering walkable access to popular restaurants, coffee shops, shopping & nightlife. Both units are vacant & professionally staged, offering immediate occupancy for owner-occupants or the opportunity for investors to select their own tenants & lease both units at current market rents. The spacious 1,657 SF main-level unit lives like a single-family home with 3 bedrooms & 1.5 baths, while the upper unit features 807 SF with 1 bedroom & 1 bath. Pride of ownership is evident throughout with outstanding curb appeal, mature landscaping, a welcoming covered front porch, updated plumbing & electrical, newer electrical panels, newer windows throughout & a roof less than 10 years old. Zoned UR-2 on a corner lot with alley access, offering added long-term flexibility & future development potential (buyer to verify). Conveniently located near the University of Puget Sound, Ruston Way, Point Defiance, downtown Tacoma & major commuter routes including Hwy 16 & I-5. Rare opportunity to offset your mortgage with rental income or add a turnkey investment in one of Tacoma's strongest rental markets.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Central Tacoma
Listed
Jun 27, 2026
Structure Type
Duplex
Parcel Number
3245004500
Tax & HOA
Annual Property Tax
$5,762 (2025)
Est. Monthly Tax
$480/mo
Financial Summary
Cap Rate
6.50%
Net Operating Income
$41,917
Gross Scheduled Income
$55,158
Gross Rent Multiplier
12.00
Total Expenses
$12,203
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
2,464
Leasable Area
2,305 sqft
Total Units
2
Zoning
Residential
Possible Use
Residential
Lot Size
5,998 sqft
Year Built
1906
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1906
Exterior Materials
Wood
Sewer
Sewer Connected
Exterior Features
Wood
Community & Access
Directions
North on Sprague Ave, left on S 7th St. Property on corner of S 7th St & S Adams St, one block west of the 6th Avenue District.
Location
City
Tacoma
County
Pierce
Coordinates
47.25413, -122.47457
Additional Information
Tax Year
2025
Annual Taxes
$5,762
Possession
Array
Based on information submitted to the MLS GRID as of July 29, 2026 2:21 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.
