Property Details
901 S Grant Avenue
Tacoma, WA 98405
$950,000
Active
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Property Overview
Outrageous cash-flow opportunity in a prime Hilltop location near the light rail and hospitals! This fully furnished 4-plex offers 2,360 square feet of living space, delivering exceptional income potential. The property features two 2-bedroom units and two 1-bedroom units, all recently updated for modern appeal. The 1-bedroom units each feature en-suite layouts, and one unit even enjoys a rare peekaboo view of Mount Rainier. Major capital improvements have already been completed in the last few years, including roof, sewer, partial plumbing and electrical, and heaters. Additional features include shared washer/dryer, ample basement storage, and strong upside potential. With below-market rents, there is clear room for increased income. The flexible setup creates endless possibilities: continue as furnished rentals, explore short-term rental potential where permitted, and/or owner-occupy while generating strong rental income. Conveniently located with easy access to downtown, major commute routes, and light rail. Add this high-performing income property to your portfolio today.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Tacoma
Listed
Mar 26, 2026
Financial Summary
Cap Rate
5.50%
Net Operating Income
$51,801
Gross Scheduled Income
$79,200
Gross Rent Multiplier
12.00
Total Expenses
$27,399
Vacancy Rate
1.0%
Building & Use
Building Sq Ft
2,360
Leasable Area
2,360 sqft
Total Units
4
Zoning
Multi-Family
Possible Use
Multi-Family
Lot Size
4,343 sqft
Year Built
1962
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1962
Exterior Materials
Stucco
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Exterior Features
Stucco
Location
City
Tacoma
County
Pierce
Coordinates
47.25296, -122.46048
Additional Information
Tax Year
2026
Annual Taxes
$9,048
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:10 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.
