Property Details
4027 S Warner Street
Tacoma, WA 98409
$870,000
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Property Overview
BACK ON THE MARKET by popular demand! This turn-key and exceptionally maintained 4-plex offering strong, reliable rental income with thoughtful modern updates throughout the units. Building is fully rented and cash flows. This low-maintenance investment property is in excellent condition, with each unit featuring contemporary laminate flooring, newer hot water tanks, fresh interior paint, updated bathrooms, and crisp modern trim for a clean. Two units are leased at $1,800/month with newly signed leases, and the other two units are rented at $1,700/month—providing immediate, stable cash flow. Ideally located near shopping, dining, transit, and easy freeway access. This property appeals to commuters and long-term tenants. This property is perfect for all savvy investors being a smart addition to you investment portfolio.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Tacoma
Listed
Jul 28, 2026
Structure Type
Quadruplex
Parcel Number
2890000295
Tax & HOA
Annual Property Tax
$8,485 (2025)
Est. Monthly Tax
$707/mo
Financial Summary
Cap Rate
7.17%
Net Operating Income
$73,115
Gross Scheduled Income
$84,000
Gross Rent Multiplier
10.71
Total Expenses
$19,465
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
3,332
Leasable Area
3,332 sqft
Total Units
4
Lot Size
6,351 sqft
Year Built
1978
Exterior & Lot
Lot Size
0.15 sqft
Year Built
1978
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Community & Access
Directions
From Hwy 16, take S 38th St exit, head West on S 38th St, left on S Lawrence St, right on S 40th St, take a left into alley, fourplex on your right.
Location
City
Tacoma
County
Pierce
Coordinates
47.21952, -122.48020
Additional Information
Tax Year
2025
Annual Taxes
$8,485
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.
