5428 S Cedar St, Tacoma, WA 98409
- $565,000
- 1,924
- SqFt
Listing courtesy of eXp Realty.
- List Price
- $565,000
- Status
- ACTIVE
- MLS#
- 2557670
- Days on Market
- 3
- Style
- 52 - Duplex
- Finished SqFt
- 1,924
- Area Total SqFt
- 1924
- Annual Tax Ammount
- 4731.07
- Lot Size (sq ft)
- 6,600
- Sewer
- Sewer Connected
Property Description
Turnkey investment opportunity featuring two homes on one lot in the heart of Tacoma. The property includes a 3-bedroom, 1-bath main residence (1,284 sq ft) and a detached 2-bedroom, 1-bath ADU (640 sq ft) with alley access. Both units are leased through February 28, 2027, producing $4,150 per month ($49,800 annually) in scheduled rental income. The main home features an open kitchen with dining area, wood-burning fireplace, finished attic, and fully fenced yard. The detached ADU offers updated finishes, a full kitchen, living room, in-unit laundry, and private access. Conveniently located near shopping, dining, schools, transit, and I-5. An excellent opportunity to acquire a stabilized income-producing property with future flexibility when the current leases expire.
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Additional Information
- List Date
- 2026-07-23 16:44:14
- Community
- South Tacoma
- Net Operating Income
- $37,064
- Gross Adjusted Income
- $47,310
- Gross Scheduled Income
- $49,800
- Total Monthly Income
- $4,150
- Insurance Expenses
- $1,250
- Gross Rent Multiplier
- 11.35
- Total Expenses
- $10,246
- Cap Rate
- 6.5600000000000005
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 5428
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1925
- Roof
- Composition
- Other Expenses
- 4265
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $4,150
- Gross Scheduled Income
- $49,800
- Vacancy Rate
- 5
- Gross Adjusted Income
- $47,310
- Tax Year
- 2026
- Insurance Expense
- $1,250
- Total Expenses
- $10,246
- Net Operating Income
- $37,064
- Gross Rent Multiplier
- 11.35
- Cap Rate
- 6.5600000000000005
Based on information submitted to the MLS GRID as of . 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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.