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    518 32Nd St Tacoma, WA 98404

    For Sale
    $1,400,000

    Fourplex in Tacoma's Eastside with rent growth potential.

    Property Features for 518 32Nd St

    General Information

    Standard status
    Active

    Building Details

    Year built
    1992

    Source: NWC - KV LLC Agent DERRICK URQUHART

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Tacoma Fourplex with Individual Garages

    This fourplex is located in the Eastside area of Tacoma, Washington. The property features individual garages. It is situated minutes from I-5, local and regional transit center, Tacoma Dome, Americas Car Museum, and Tacoma Link Light Rail. The units are currently rented below the recently published market rent numbers from the City of Tacoma, suggesting potential for rent growth under new ownership. The property has a history of low maintenance and good tenant retention. The property is intended for use as a multifamily investment site.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4250785
    Latitude
    47.2328424

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    FAQs

    What type of property is this?
    Quadplex - Fourplex in Tacoma's Eastside with rent growth potential.
    Where is this quadplex located?
    The property is located at 518 32Nd St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: - Significant rent growth potential due to below-market rents.; - Low-maintenance property with strong tenant retention.; - Individual garages for each unit, a unique feature.
    Request Owner's contact information
    518 32Nd St Tacoma, WA 98404
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    518 32Nd St Tacoma, WA 98404
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