Fourplex with Updated
901 S Grant Avenue Tacoma, WA 98405
For Sale
$950,000
Fully furnished fourplex with two 2-bedroom and two 1-bedroom units, plus shared washer/dryer and recent major improvements.
Property Size2,360 SF
Price / SF$402.54
Days on Market121
Property Features for 901 S Grant Avenue
General Information
- Standard status
- Active
- Size
- 2,360 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1962
Listing Agency:
Keller Williams Rlty Bellevue
(971) 388-0339
Listed By:
Zac Hoffman · License #201240633
(971) 388-0339
Source:
Premierepropertygroup
Added: Mar 26
Changed: Jul 23
Last Checked: Jul 24 at 5:31AM
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 Keller Williams Rlty Bellevue
Investment Insights
Based on property information with market context.
This fully furnished fourplex includes two 2-bedroom units and two 1-bedroom units. The 1-bedroom units feature en-suite layouts, and the property offers shared washer/dryer and ample basement storage. Recent updates include a roof, sewer work, partial plumbing and electrical, and heaters completed within the last few years.
The property is located in Hilltop with convenient access to downtown, major commute routes, and the light rail, and it is described as being near hospitals.
With a layout designed for multiple tenancies and the benefit of completed capital improvements, this property presents a straightforward residential income configuration.
The property is located in Hilltop with convenient access to downtown, major commute routes, and the light rail, and it is described as being near hospitals.
With a layout designed for multiple tenancies and the benefit of completed capital improvements, this property presents a straightforward residential income configuration.
Key Highlights
- Fully furnished 4‑plex with 2 two‑bedroom units and 2 one‑bedroom units, totaling 2,360 SF across 2 stories
- Shared washer/dryer plus ample basement storage
- Major recent capital improvements include roof, sewer, partial plumbing and electrical, and heaters
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $46.7k | $19.80 |
| − Vacancy | −$2.3k | −$0.98 |
| EGI | $44.4k | $18.82 |
| − OpEx | −$13.3k | −$5.65 |
| NOI | $31.1k | $13.18 |
2,360 SF · lease $19.80/SF/yr · vacancy 4.94% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$444.2K
$388.7K – $518.2K
NOI $31,094 @ 7.0% cap · market cap 3.27%
Second Best
Apartment 5plus
$386.0K
$337.8K – $450.4K
NOI $27,022 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$725.4K
$634.7K – $846.3K
NOI $50,778 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
FAQs
What type of property is this?
Quadplex - Fully furnished fourplex with two 2-bedroom and two 1-bedroom units, plus shared washer/dryer and recent major improvements.
Where is this quadplex located?
The property is located at 901 S Grant Avenue Tacoma, WA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully furnished 4‑plex with 2 two‑bedroom units and 2 one‑bedroom units, totaling 2,360 SF across 2 stories; Shared washer/dryer plus ample basement storage; Major recent capital improvements include roof, sewer, partial plumbing and electrical, and heaters
