1123 S M Street, Tacoma, WA 98405
- $449,950
- 1,386
- SqFt
Listing courtesy of Theory Real Estate.
- List Price
- $449,950
- Status
- ACTIVE
- MLS#
- 2492238
- Days on Market
- 135
- Style
- 52 - Duplex
- Finished SqFt
- 1,386
- Area Total SqFt
- 1386
- Annual Tax Ammount
- 2988
- Lot Size (sq ft)
- 1,100
- Sewer
- Sewer Connected
Property Description
HOUSE HACKERS - this property is a great way to offset your mortgage living on one side and continue renting the other! INVESTORS - this a great turn key rental to add to your portfolio that even has potential to push rent higher! Unit 1 is a 1 bed 1 bath and Unit 2 is a 2 bed 0.75 bath. The property has been updated with LVP flooring, paint, and appliances! Conveniently located near the Tacoma Link Light Rail, UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Potential condoization for even more opportunity? Buyer to verify!
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Additional Information
- List Date
- 2026-03-14 04:58:10
- Community
- Hilltop
- Net Operating Income
- $27,312
- Gross Adjusted Income
- $35,700
- Gross Scheduled Income
- $35,700
- Total Monthly Income
- $2,975
- Insurance Expenses
- $1,500
- Water/Sewer/Garbage Expenses
- $1,400
- Gross Rent Multiplier
- 16.47
- Total Expenses
- $8,388
- Cap Rate
- 6.07
- Total Number of Units
- 2
- Unit Name
- 1123
- Potential Terms
- Cash, Conventional, FHA, Lease Purchase, See Remarks, VA Loan
- Year Built
- 1959
- Roof
- Flat
- Electric Expenses
- 2500
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $2,975
- Gross Scheduled Income
- $35,700
- Gross Adjusted Income
- $35,700
- Tax Year
- 2025
- Insurance Expense
- $1,500
- W/S/G Expenses
- $1,400
- Total Expenses
- $8,388
- Net Operating Income
- $27,312
- Gross Rent Multiplier
- 16.47
- Cap Rate
- 6.07
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.