Property Details
3812 S Thompson Avenue
Tacoma, WA 98418
$615,000
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Property Overview
Two units in one! Main house is 4 bedrooms/ 2 baths at 1816 square feet. Second building behind house is 3 bedroom/1 bath at 1100 square feet. Both buildings currently are rented, but would be a great property to live in one and rent the second one! Well maintained and recently updated. Location is great for the commuter and/or JBLM. Buildings have had 100% occupancy.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
South Tacoma
Listed
Mar 31, 2026
Original Price
$650,000
Financial Summary
Cap Rate
4.75%
Net Operating Income
$30,899
Gross Scheduled Income
$45,240
Gross Rent Multiplier
14.00
Total Expenses
$14,341
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
2,800
Leasable Area
2,916 sqft
Total Units
2
Lot Size
7,022 sqft
Year Built
1918
Exterior & Lot
Lot Size
0.16 sqft
Year Built
1918
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Wood
Location
City
Tacoma
County
Pierce
Coordinates
47.22264, -122.44526
Additional Information
Tax Year
2025
Annual Taxes
$6,193
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 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.
