Property Details
424 S Wright Avenue
Tacoma, WA 98418
$595,000
Pending
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Property Overview
Great opportunity for someone looking to live in one unit and offset their mortgage by renting the other. Whether you are a first time buyer or investor, this setup just makes sense.Completely rebuilt duplex on a corner lot just minutes from downtown Tacoma with easy commuter access. Fully updated throughout including brand new roof, windows, ALL plumbing, ALL electrical, sewer line, water line, and all interior finishes. Truly turnkey.Lower unit offers 1 bedroom, 1 bathroom, access to a finished one car garage with new door, plus a 600+ sq ft basement for storage, workspace, or future potential. Upper unit features 2 bedrooms, 1 bathroom, and access to a unique attic space that works well for reading or a quiet hangout.Both units have updated kitchens with quartz countertops, new appliances, tile bathrooms, and washer and dryer hookups.Charming front porch, walkable location, and a clean, simple layout that works for a variety of living situations. Move in ready with flexibility for owner occupants or investors.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
Lincoln
Listed
Apr 24, 2026
Financial Summary
Cap Rate
6.94%
Net Operating Income
$41,260
Gross Scheduled Income
$52,800
Gross Rent Multiplier
11.27
Total Expenses
$8,900
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
1,586
Leasable Area
1,586 sqft
Total Units
2
Lot Size
2,222 sqft
Year Built
1909
Exterior & Lot
Lot Size
0.05 sqft
Year Built
1909
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Wood, Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.23054, -122.43789
Additional Information
Tax Year
2026
Annual Taxes
$4,400
Possession
Array
Based on information submitted to the MLS GRID as of May 5, 2026 4:30 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.
