509 S 15th Street, Tacoma, WA 98402

$850,000
2,783
SqFt

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Listing Broker: COMPASS; Joseph Kim; 253-720-0525; jkim@compass.com

List Price
$850,000
Status
ACTIVE
MLS#
2602520
Style
53 - Tri-plex
Finished SqFt
2,783
Area Total SqFt
2783
Annual Tax Ammount
6232
Lot Size (sq ft)
1,900
Sewer
Sewer Connected

Property Description

Set in the heart of downtown Tacoma, this 1905 triplex combines Craftsman-era character, inviting outdoor spaces, and a location close to downtown dining and the waterfront. All three units offer two bedrooms and one bath. The garden-level unit opens to a paved courtyard, while Unit 2 features hardwood floors, quartz counters, and a fenced outdoor area. Freshly painted Unit 3 spans two levels and includes a finished attic with room to spread out or tuck away seasonal storage. From the top-floor deck, take in views of the Thea Foss Waterway and Tacoma’s city lights.

Additional Information

Community
New Tacoma
Net Operating Income
$50,354
Gross Adjusted Income
$69,000
Gross Scheduled Income
$69,000
Total Monthly Income
$4,310
Insurance Expenses
$4,518
Water/Sewer/Garbage Expenses
$5,186
Gross Rent Multiplier
12.32
Total Expenses
$18,661
Cap Rate
5.92
Total Number of Units
3
Unit Name
509
Potential Terms
Cash, Conventional, VA Loan
Year Built
1905
View
Territorial
Roof
Composition
Electric Expenses
826
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$4,310
Gross Scheduled Income
$69,000
Gross Adjusted Income
$69,000
Tax Year
2026
Insurance Expense
$4,518
W/S/G Expenses
$5,186
Total Expenses
$18,661
Net Operating Income
$50,354
Gross Rent Multiplier
12.32
Cap Rate
5.92
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.

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