Property Details
6425 7th Street NE
Tacoma, WA 98422
$749,900
Active
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Property Overview
Rare opportunity in one of Pierce County’s most desirable locations. This fully recently renovated duplex features updated bathrooms, kitchens, flooring, doors, finishes, trim, and more — move-in ready with modern updates throughout. 6.57% Cap Rate! Live in one side and rent the other, or rent both units for strong cash flow (currently $2,850 + $2,200). The property sits on a large private lot, secluded down a long driveway and backed by a beautiful green belt and partial views of Mount Rainier. The front portion of the lot also offers future development potential. Minutes to I-5, shopping, and Browns Point waterfront with excellent schools nearby. No HOA! Plenty of parking and a spacious lot round out this hard-to-find opportunity in a high-demand area. Opportunities like this are rare– don't miss your chance! Buyers to verify all developmental potential. Interior viewing available with 48 hour notice.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Fife Heights
Listed
Aug 6, 2026
Structure Type
Duplex
Parcel Number
0421318002
Tax & HOA
Annual Property Tax
$4,805 (2025)
Est. Monthly Tax
$400/mo
Financial Summary
Cap Rate
6.57%
Net Operating Income
$49,255
Gross Scheduled Income
$60,600
Gross Rent Multiplier
12.38
Total Expenses
$11,344
Vacancy Rate
5.0%
Building & Use
Building Sq Ft
2,120
Leasable Area
2,120 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
36,590 sqft
Year Built
1976
Exterior & Lot
Lot Size
0.84 sqft
Year Built
1976
Garage
1 spaces
Exterior Materials
Wood
Sewer
Septic Tank
Water Source
Public
Lot Features
Dead End Street, Secluded
Exterior Features
Wood, Wood Products
Community & Access
Directions
GPS
Location
City
Tacoma
County
Pierce
Coordinates
47.26363, -122.34153
Additional Information
Tax Year
2025
Annual Taxes
$4,805
Possession
Array
Based on information submitted to the MLS GRID as of August 7, 2026 7:45 AM. 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.
