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Tacoma, WA, 98404 • Eastside-ENACT • Pierce County
$281/sqft
Down payment assistance available
8Beds
4Baths
3,374Sqft
0.15 acLot
1992Built
Waterfront Property
Direct water access
Scenic Views
Bay · City · Sound
4-Plex Style
Built 1992 · 34 years of history
McKinley
Eastside-ENACT
3d on Market
Listed Mar 31, 2026
Popular listing
Listed 3 days ago · 200 views · 13 saves
Demand and pricing signals for this listing
200 views
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13 saves
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3 days on market
Just listed — act fast
$281/sqft
Price per square foot
Multi Family · Built 1992
Meticulously maintained view fourplex in a prime Tacoma location, owned and cared for by the same owner for over 30 years. Built in 1992, this property offers a rare combination of strong in-place cash flow, pride of ownership, and clear upside potential. Each unit includes its own washer and dryer—no shared laundry—and tenants benefit from a detached 4-car garage with individual bays, plus ample off-street parking. The standout feature here is the view—sweeping, unobstructed sightlines of Commencement Bay, the Tacoma Dome, and the downtown skyline from every unit, including the lower level. This is a true “all units have a view” asset, which is extremely rare in this price point. Recent capital improvements provide peace of mind for years to come, including a newer roof, exterior paint, and new Milgard windows. In 2025, the city completed streetscape improvements including new sidewalks and lighting, transforming the immediate area into a park-like setting and materially enhancing curb appeal and long-term desirability. Rents are well below market with long-term, month-to-month tenants, creating immediate value-add potential. At current rents, the property is being offered at a 6.5% cap rate, with a clear path to approximately an 8% cap at market rents. Minimal deferred maintenance + below-market rents = clean, low-risk value-add. One unit has been intentionally left vacant for ease of showings and to accommodate an owner-occupant buyer.
Standout features identified
Our analysis highlights ample off-street parking, exterior paint, and newer roof as key attractions of this home.
Based on current rates
Est. 6.05% rate · 30yr fixed · $759,600 loan
Full calculator →Key facts and listing details
9 categories of property features
Market data and value estimates
3 schools rated nearby
Tacoma, WA, 98404
1 event
Local context around this listing
Tacoma, WA • Pierce County
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Based on information submitted to the MLS GRID as of 2026-04-14 20:59:28 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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