Listing provided courtesy of Real Broker LLCNWMLSas Distributed by MLSGrid- MLS# NWM2531562
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Request Info1722 E 56th StreetTacoma, WA 98404
Multi-Family · 8 Beds · 3,800 Sq. ft. | 0.16 Acres$756,500
Pending Inspection
1722 E 56th Street Overview
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Solid, turn-key fourplex offering strong cash flow and rental upside, priced at a 7.75% cap rate. An excellent opportunity for both seasoned investors and owner-occupants looking to house-hack and offset their mortgage with rental income. Each spacious 938 SF unit offers 2 bedrooms, 1 bath, in-unit washer/dryer, and a fireplace with secure, common entrance. Three units have recently been updated, two with high-end finishes. Recent exterior improvements include paint, doors, and windows. Generous parking lot with reserved spaces. One unit is intentionally vacant, providing access for showings and flexibility for potential owner-occupant buyers. Convenient location close to amenities makes this a high-demand rental with solid performance and future growth potential.
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1722 E 56th Street Facts & Features
- Type Multi-Family
- Sq. ft. 3,800
- Price/Sq.ft. $199
- Lot 0.16 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Tacoma
Green Features
- Green Energy Efficient: Thermal Windows
Income/Expenses
- Other Expense: 2000
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 77640
- Insurance Expense: 1800
- Net Operating Income: 58637
- Total Expenses: 17450
- Total Monthly Income: 6470
- Water/Sewer/Garbage: 5450
Building Information
- New Construction: No
- Year Built: 1983
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 61 - Southeast Tacoma
- Subdivision Name: Tacoma
Community/Development
- Amenities: Thermal Windows
Tax Information
- Tax Annual Amount: $8,200.00
- Tax Year: 2025
General Information
- Listing Terms: Cash, Conventional, VA Loan
- Parcel Number: 5345000031
- Possible Use: Multi-Family,Residential
- Property Condition: Average
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 0
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 3800
- Building Area Units: Square Feet
- Calculated Square Footage: 3800
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Engineered Hardwood, Laminate, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 3752
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Stories Total: 2
Exterior
Parking Information
- Open Parking: No
- Parking Total: 4
- Parking Uncovered Total: 4
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.1607
- Lot Size Square Feet: 7000
- Lot Size Units: Square Feet
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Quadruplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 0
- Exterior Features: Wood
- Number Of Units Total: 4
- Sewer: Sewer Connected
Unit Information
Unit 3 Details
- Actual Rent: 1310
- Beds Total: 2
- Baths Total: 1
Unit 4 Details
- Actual Rent: 1360
- Beds Total: 2
- Baths Total: 1
Unit 1 Details
- Actual Rent: 1550
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1600
- Beds Total: 2
- Baths Total: 1
1722 E 56th Street Neighborhood
Community
98404 (Tacoma) Demographics
34
Median Age
4,816
Population Density (per sq. mile)
25%
College Educated
$57,813
Estimated Median Income
7,746
Estimated Total Home Owners
4,788
Estimated Total Renters
62% / 38%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.1722 E 56th Street Monthly Cost
1722 E 56th Street Market Data
Based on the last 30 days in this zip code
$471,526
Average List Price
$298
Average Price per Square Foot
32
Properties Sold
70
Average Days on Market
115
Properties for Sale
1722 E 56th Street History
| Date | Value | Agent |
|---|---|---|
| 6/22/2026Source: NWMLS | Pending Inspection |
|
| 5/28/2026Source: NWMLS | May 28, 2026 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |
|
| 6/20/2022Source: NWMLS | June 01, 2021 |