1216 S 4th Street, Tacoma, WA 98405

$610,000
2,712
SqFt

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Listing courtesy of Windermere Abode.

List Price
$610,000
Status
ACTIVE
MLS#
2571248
Days on Market
7
Style
52 - Duplex
Building Condition
Updated/Remodeled
Finished SqFt
2,712
Area Total SqFt
2712
Annual Tax Ammount
6822
Lot Size (sq ft)
3,225
Sewer
Sewer Connected

Property Description

A craftsman gem built to last. Built in 1925 and beautifully updated in 2010, this move-in-ready duplex spans 2,064 finished sqft and still shows off its original hardwoods throughout, plus the comfort of a dedicated mini-split A/C in each unit. Set in Tacoma's Wedge district and direct neighbors with the Mary Bridge Children's Hospital campus, it's a location with real advantages of its own. Unit A (2 bed/1 bath, 1,384 sqft) greets you with a soaring entry and living room framed by original moldings, a dedicated dining room made for gathering, and an updated kitchen with a sunny breakfast nook. An unfinished basement with laundry adds room to spread out and store. Unit B (1 bed/1 bath, 680 sqft) lives like a light-filled loft, a fully separated bedroom, full bath, a kitchen with vaulted ceilings and a counter with bar seating, a breakfast nook, a handy walk-in pantry, a flexible living room, and it's own dedicated laundry. Two beautifully distinct homes under one classic roof. All of this within walking distance to local favorites such as Frisko Freeze and Balloon Roof Bakery. And also quick jaunt to the Stadium District as well!

Additional Information

List Date
2026-08-24 15:48:16
Community
Central Tacoma
Net Operating Income
$40,909
Gross Adjusted Income
$51,600
Gross Scheduled Income
$51,600
Water/Sewer/Garbage Expenses
$1,999
Gross Rent Multiplier
11.29
Total Expenses
$10,690
Cap Rate
6.7
Total Number of Units
2
Unit Name
1216
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1925
View
Territorial
Roof
Composition
Site Features
Fenced-Partially, Gas Available
Electric Expenses
999
Energy Source
Electric, Natural Gas
School District
Tacoma
Elementary School
Bryant
Middle School
Hilltop Heritage Middle
High School
Stadium
Gross Scheduled Income
$51,600
Gross Adjusted Income
$51,600
Tax Year
2026
W/S/G Expenses
$1,999
Total Expenses
$10,690
Net Operating Income
$40,909
Gross Rent Multiplier
11.29
Cap Rate
6.7
Based on information submitted to the MLS GRID as of . 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.
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