Property Details
709 S M Street #A & B
Tacoma, WA 98405
$499,000
Active
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Property Overview
QUIT SCROLLING! Best investment opportunity in Tacoma. This recently updated 4 bed, 2-bath duplex w/divided detached 2 car garage is vacant and ready to cash flow. Home features brand new flooring throughout both units, New exterior paint, updated electrical, and roof that's only 5 years old (Seller procured inspection report available). This duplex features 2 spacious kitchens with 2 bedrooms and 1 bath for each unit. The upstairs unit boast an additional office space, utility room and foyer leading to bedrooms on the 3rd story. The detached is garage features a divider wall in two so each unit gets their own individual deep unit garage. Convenient location to light rail, hospitals, and public parks.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Central Tacoma
Listed
Feb 25, 2026
Original Price
$535,000
Financial Summary
Cap Rate
3.12%
Net Operating Income
$16,865
Gross Scheduled Income
$28,344
Gross Rent Multiplier
19.05
Total Expenses
$7,035
Building & Use
Building Sq Ft
1,738
Leasable Area
2,172 sqft
Total Units
2
Lot Size
3,250 sqft
Year Built
1890
Exterior & Lot
Lot Size
0.07 sqft
Year Built
1890
Garage
2 spaces
Exterior Materials
Stucco, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Stucco, Wood, Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.25545, -122.45501
Additional Information
Tax Year
2024
Annual Taxes
$4,443
Possession
Array
Based on information submitted to the MLS GRID as of April 22, 2026 1:46 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.
