Property Details
6619 -6621 S Monroe Street
Tacoma, WA 98409
$515,000
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Property Overview
Positioned in the heart of South Tacoma, this well-maintained duplex presents a compelling investment and value-add opportunity in a strong rental market. Ideal for investors seeking stable cash flow, tenant flexibility, or owner-occupants looking to offset housing expenses with supplemental income. The property has benefited from numerous recent capital improvements including a newer roof (approximately 8 years old), exterior paint, updated windows, exterior doors, new flooring throughout, interior paint, and newer hot water tanks. These upgrades help minimize near-term maintenance costs while enhancing tenant appeal. The property offers four on-site parking spaces, including two covered spaces with convenient paved alley access. The east unit features a wrap-around deck with territorial and mountain views, while the west unit includes a private fenced yard, providing desirable outdoor amenities for tenants or owner occupancy. Centrally located with convenient access to major commuter trains, retail, and employment centers, this duplex offers strong long-term upside potential for both income growth and future appreciation. Rents are pro forma based on current market trends.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
South Tacoma
Listed
May 28, 2026
Structure Type
Duplex
Parcel Number
9260000332
Tax & HOA
Annual Property Tax
$4,883 (2026)
Est. Monthly Tax
$407/mo
Financial Summary
Cap Rate
6.90%
Net Operating Income
$35,889
Gross Scheduled Income
$46,200
Gross Rent Multiplier
11.00
Total Expenses
$7,623
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
1,768
Leasable Area
1,768 sqft
Total Units
2
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
5,998 sqft
Year Built
1974
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1974
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Paved
Exterior Features
Wood
Community & Access
Directions
From S 74th go N on Tyler to 67th then right to Monroe turn left to property on right.
Location
City
Tacoma
County
Pierce
Coordinates
47.19661, -122.49119
Additional Information
Tax Year
2026
Annual Taxes
$4,883
Possession
Array
Based on information submitted to the MLS GRID as of June 1, 2026 11:14 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.
