518 E 32 St
Tacoma WA 98404
518 E 32nd Street Fourplex
518 E 32 St Tacoma WA 98404
Listing #: 651222 | Status: Available | Last Modified: 4/21/2026 |
For Sale
- Phone:(253) 779-2403
- Email:durquhart@neilwalter.com
- Office Name:NWC - KV LLC
- Office Phone:(253) 779-8400
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
- Listing Price$ 1,400,000.0
- $/SF$ 414.9
- $/Unit$ 1,400,000.0
- Listing StatusAvailable
- Days on Market1472
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 0.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings1
- # of Floors2
- # of Units4
- # of Elevators
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF3374
- Net Rentable Area3374
- Total Office SF
- Largest Contiguous SF
- Lot SF6490
- Acres0.15
- Property TypeMulti-Family
- Office Type
- Building Class
- CountyPierce
- Vicinity
- Location Description
- Second Address
- Cross Street
- Market AreaAllenmore Medical District
- Tax ID #2082240041
- Additional Parcels
- ZoningR4L
- Year Built1992
- Year Renovated
- Completion Date
- Roof Type
- Construction TypeWood
Fourplex
Unique fourplex with views and individual garages separate this property from other similar multifamily investment sites. Located in the emerging Eastside of Tacoma, this property is minutes from I-5, local and regional transit center, Tacoma Dome, Americas Car Museum, Tacoma Link Light Rail and many other amenities. There is plenty of room for rent growth with new ownership as these units are well below the recently published “market rent” numbers from the City of Tacoma. This has been a low maintenance rental property with great tenant retention. Ownership is looking to retire and pass the property along to another investor. Please contact us for additional information, tours provided after accepted purchase agreement as part of due diligence.
