1706 East 56th Street
Tacoma, WA 98404
$840,000
Price
8
Beds
4
Baths
3,752 Sq. Ft.
$224 / Sq. Ft.
3,752
Sq. Ft.
$224
per Sq. Ft.
Virtual Tour
Virtual Tour
Listing provided courtesy of RE/MAX Northwest
Description
Owner Occupy or Seasoned Investor| Turnkey 4-plex | E. Tacoma(Swan Creek Park) offers an excellent investment opportunity to grow your portfolio. Each 2BD/1BA unit has been updated in the last (5) years with updated kitchens, bathrooms, LVP flooring, in-unit washer/dryer, and fireplaces. Tenants pay for electricity (metered), while the landlord bills-back; water, sewer, and garbage to tenants. A new roof installed in 2019, limited landscaping and includes a 12-stall parking lot and partially fenced...Owner Occupy or Seasoned Investor| Turnkey 4-plex | E. Tacoma(Swan Creek Park) offers an excellent investment opportunity to grow your portfolio. Each 2BD/1BA unit has been updated in the last (5) years with updated kitchens, bathrooms, LVP flooring, in-unit washer/dryer, and fireplaces. Tenants pay for electricity (metered), while the landlord bills-back; water, sewer, and garbage to tenants. A new roof installed in 2019, limited landscaping and includes a 12-stall parking lot and partially fenced backyard. With affordable housing demand and rent upside, this is a solid, low-maintenance investment to grow or add to an existing portfolio. Don't Miss Out!
- Listed by Yusef Nadir • RE/MAX Northwest
Property Details for 1706 East 56th Street
Community Name
East Tacoma
School DistrictTacoma
ViewCity, Territorial
Number of Assigned Spaces12
Total Covered Parking0
Entry Date09-09-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/13/2024 10:45 AM
Property Details for 1706 East 56th Street
| Status | Active |
|---|---|
| MLS # | 2288468 |
| Days on Market | 76 |
| Cumulative Days on Market | 75 |
| Taxes | $7,708 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1983 |
| Lot Size | 0.16 AC / 7,000 SF |
| County | Pierce County |
Virtual Tour
Building Information for 1706 East 56th Street
Stories2Residences4Year Built1983Building Size-Lot Size0.16 AC / 7,000 SF
Property Information for 1706 East 56th Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Site Features: Cable TV, Fenced-Partially, High Speed Internet
- Area: 61 - Southeast Tacoma
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Effective Year Built Source: Public Records
- Directions: (S) I-5, (S) Portland Ave, (L) on 56th St, 4Plex on (R) side
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 12.0
- Open Parking: Yes
Virtual Tour
- Virtual Tour URL Unbranded: https://www.youtube.com/watch?v=zYHFR87iwf4&t=3s
- Virtual Tour URL Description: Property Vid
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl Plank
- Amenities: See Remarks
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3750
- Power Company: Tac. Public Utilities
- Sewer Company: Tac Public Utilites
- Water Company: Tac. Public Utilites
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: City
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1996
- Photos Count: 34
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 5345000038
- Building Condition: Good
- Calculated Square Footage: 3752
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 3752.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 12
- Number of Stories in Building: 2
- Vacancy Rate: 5
- Number Of Units Total: 4
- Units Below Grade: true
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 16929
- Gross Adjusted Income: 51807
- Gross Rent Multiplier: 0
- Gross Scheduled Income: $68,736
- Insurance Expense: $2,035
- Net Operating Income: $51,807
- Other Expenses: $3,436
- Total Monthly Income: 5728
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 938
- Rent Unit 1: $1,432.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 938
- Rent Unit 2: $1,432.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 1
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 938
- Rent Unit 3: $1,432.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 1
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 4
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 938
- Rent Unit 4: $1,432.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 1
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 3752.0
- Leasable Area Units: Square Feet
Property History for 1706 East 56th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1706 East 56th Street
Taxable ValueLand$175,400Additions$517,500Total$692,900
Tax Record2024$7,708 ($642 / month)
Home Facts
Total Finished SqFt3,752 SqFtAbove Ground SqFt3,752 SqFtStories2Lot Size7,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1983Year Renovated1990ZoningR4LCountyPIERCEAPN5345000038Fireplace TypeHas Fireplace
Schools near 1706 East 56th Street
This home is within Tacoma School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Sheridan Elementary School PublicPK to 5 | ||
First Creek Middle School Public6 to 8 | ||
Lincoln High School Public9 to 12 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of RE/MAX Northwest
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
