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
Derrick Urquhart
  • Phone:(253) 779-2403
  • Email:durquhart@neilwalter.com
  • Office Name:NWC - KV LLC
  • Office Phone:(253) 779-8400
  • Office Website:
Showing Instructions
  • Call Listing AgentNo
  • Use DiscretionNo
Price Information
  • Listing Price$ 1,400,000.0
  • $/SF$ 414.9
  • $/Unit$ 1,400,000.0
  • Listing StatusAvailable
  • Days on Market1472
  • Asset ClassMulti-Family
  • Terms
Investment Information
  • Investment Type
  • Investment PropYes
  • Gross Income0
  • Vacancy Factor %0.00%
  • Operating Expenses0
  • Net Operating Income0
  • CAP Rate 0.00 %
Detail Listing Information
  • Min Total SF0
  • Max Total SF0
  • Lease Rate Low$ 00.0
  • Lease Rate High$ 00.0
  • Heat Source
  • Total Units
Utilities
  • Water
  • Electricity
  • Storm Sewer
Retail Information
  • SignageSignage on Building and Freestanding
  • Anchor
Building Information
  • 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 Type
  • Property TypeMulti-Family
  • Office Type
  • Building Class
Location
  • CountyPierce
  • Vicinity
  • Location Description
  • Second Address
  • Cross Street
  • Market AreaAllenmore Medical District
  • Tax ID #2082240041
  • Additional Parcels
  • ZoningR4L
Construction
  • Year Built1992
  • Year Renovated
  • Completion Date
  • Roof Type
  • Construction TypeWood

Fourplex

Public Comments

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.

Listing Images