Four-Unit Townhome-Style
For Sale
$1,374,900
4560 S Puget Sound Avenue, Tacoma, WA 98409
Well-maintained multifamily property with private-feeling layouts, individual garages, and separately metered utilities.
Property Size4,936 SF
Price / SF$278.55
Days on Market52
Property Features for 4560 S Puget Sound Avenue
General Information
Standard status
Active
Size
4,936 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Net Operating Income
$91,816
Units
Unit Mix
4 x 3BR/1.75BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$10,734
Amenities
Ceramic Tile,Vinyl,Vinyl Plank,Carpet
Yes
No
2
Electric
Curbs,Paved,Sidewalk
Public
Cable TV,High Speed Internet
8
4
0.1244
Cement Planked
Poured Concrete
4936
Building Details
Building Size
4,936 SF
Year Built
2006
Stories
2
Listing Agency:
Terrafin
(253) 466-3736
Listed By:
Jesse Nelson
(253) 533-1007
Source:
Premierepropertygroup
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 4 at 11:13AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Terrafin
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Investment Insights
Based on property information with market context.
Built in 2006, this 4,936-square-foot quadplex contains four spacious units, each with 3 bedrooms and 1.75 bathrooms. The townhome-style layout gives each residence only one shared wall, while attached one-car garages provide dedicated parking. Interior finishes include ceramic tile, vinyl, vinyl plank, and carpet, with electric heating or service noted in the property features.
A new roof was installed in 2025. Separate utility metering allows residents to cover their own utility usage, while the property’s stated owner expenses are primarily insurance and property taxes. The site includes paved access, curbs, and sidewalks, and is positioned near shopping, dining, schools, and major commuter routes in Tacoma.
A new roof was installed in 2025. Separate utility metering allows residents to cover their own utility usage, while the property’s stated owner expenses are primarily insurance and property taxes. The site includes paved access, curbs, and sidewalks, and is positioned near shopping, dining, schools, and major commuter routes in Tacoma.
Key Highlights
- 4,936‑square‑foot quadplex with four units
- Each unit includes 3 bedrooms and 1.75 bathrooms
- Attached one‑car garage provided for every unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,033
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,660
$1.3M
Cap Rate 7%
$929,043
$929.0K
Cap Rate 9%
$722,589
$722.6K
Market Conditions
NOI Build-Up for 4,936 SF
Gross rent
$97.7K $19.80/SF
− Vacancy
−$4.8K −$0.98/SF
EGI
$92.9K $18.82/SF
− OpEx
−$27.9K −$5.65/SF
NOI
$65.0K $13.18/SF
Area
Tacoma, WA
Vacancy
4.94%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,300,660
Cap Rate 7%
$929,043
Cap Rate 9%
$722,589
Alternative Uses
Best Use
Multifamily LT 5
$929.0K
$812.9K – $1.08M
NOI $65,033 @ 7.0% cap · market cap 4.73%
Second Best
Apartment 5plus
$807.4K
$706.5K – $942.0K
NOI $56,517 @ 7.0% cap · market cap 4.11%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,203 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,049
Businesses Nearby
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Business Placement
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained multifamily property with private-feeling layouts, individual garages, and separately metered utilities.
Where is this quadplex located?
The property is located at 4560 S Puget Sound Avenue Tacoma, WA.
What is the asking price?
The asking price for this property is $1,374,900.
What are key features of this property?
This property features: 4,936‑square‑foot quadplex with four units; Each unit includes 3 bedrooms and 1.75 bathrooms; Attached one‑car garage provided for every unit
