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Tacoma, WA, 98445 • 98445 • Pierce County
$225/sqft
10Beds
5Baths
4,000Sqft
0.48 acLot
1962Built
5-9 Units Style
Built 1962 · 64 years of history
Midland
98445
This home is getting attention
Listed 32 days ago · 543 views · 25 saves
Demand and pricing signals for this listing
543 views
People checking out this listing
25 saves
Buyers have saved this home
32 days on market
Established listing
$225/sqft
Price per square foot
This home ranks in the top 41% of listings most likely to go under contract soon, based on market activity and demand signals.
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Multi Family · Built 1962
Opportunity to acquire a 5-plex in Tacoma’s Midland neighborhood, offering strong income and straightforward operations. The property consists of five 2-bedroom, 1-bath units, each approximately 700 square feet, providing a consistent unit mix with steady rental demand for multi-bedroom housing. The asset currently generates $56,469 in annual Net Operating Income, reflecting a 7.06% cap rate, presenting investors with immediate cash flow from day one. With the same layout across all units, the property allows for simplified management and leasing. Located in Tacoma’s Midland area, the property benefits from proximity to major commuter routes, shopping centers, and everyday amenities, making it a convenient location for tenants. The consistent unit configuration and manageable property size make this an appealing option for investors seeking a stable small multifamily asset in an established rental market. This offering presents a solid opportunity for buyers looking to add a cash-flowing multifamily property with long-term income potential in the Tacoma area.
Based on current rates
Est. 6.18% rate · 30yr fixed · $719,200 loan
Full calculator →Key facts and listing details
5 categories of property features
Market data and value estimates
3 schools rated nearby
Tacoma, WA, 98445
1 event
Local context around this listing
Tacoma, WA • Pierce County
Nearby cities
Nearby zip codes
Based on information submitted to the MLS GRID as of 2026-04-07 05:58:32 PDT. 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. [Click here for more information](/mls-disclaimers/#39)
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