Property Details
5428 S Cedar St
Tacoma, WA 98409
$565,000
Active
Schedule a Showing
Select your date preference
Request More Info
1 / 36
Property Overview
Turnkey investment opportunity featuring two homes on one lot in the heart of Tacoma. The property includes a 3-bedroom, 1-bath main residence (1,284 sq ft) and a detached 2-bedroom, 1-bath ADU (640 sq ft) with alley access. Both units are leased through February 28, 2027, producing $4,150 per month ($49,800 annually) in scheduled rental income. The main home features an open kitchen with dining area, wood-burning fireplace, finished attic, and fully fenced yard. The detached ADU offers updated finishes, a full kitchen, living room, in-unit laundry, and private access. Conveniently located near shopping, dining, schools, transit, and I-5. An excellent opportunity to acquire a stabilized income-producing property with future flexibility when the current leases expire.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
South Tacoma
Listed
Jul 23, 2026
Structure Type
Duplex
Parcel Number
5360000750
Tax & HOA
Annual Property Tax
$4,731 (2026)
Est. Monthly Tax
$394/mo
Financial Summary
Cap Rate
6.56%
Net Operating Income
$37,064
Gross Scheduled Income
$49,800
Gross Rent Multiplier
11.35
Total Expenses
$10,246
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
1,924
Leasable Area
1,924 sqft
Total Units
2
Lot Size
6,599 sqft
Year Built
1925
Exterior & Lot
Lot Size
0.15 sqft
Year Built
1925
Exterior Materials
Stucco, Wood
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Stucco, Wood
Community & Access
Directions
From I-5 take exit 130 and turn West on S 56th Street. Turn right on Cedar and the main home is on the left.
Location
City
Tacoma
County
Pierce
Coordinates
47.20667, -122.47663
Additional Information
Tax Year
2026
Annual Taxes
$4,731
Possession
Array
Based on information submitted to the MLS GRID as of August 13, 2026 3:30 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.
