6425 7th Street NE, Tacoma, WA 98422
- $749,900
- 2,120
- SqFt
Listing courtesy of Best Choice Realty LLC.
- List Price
- $749,900
- Status
- ACTIVE
- MLS#
- 2565099
- Days on Market
- 1
- Style
- 52 - Duplex
- Building Condition
- Updated/Remodeled
- Finished SqFt
- 2,120
- Area Total SqFt
- 2120
- Annual Tax Ammount
- 4805.14
- Lot Size (sq ft)
- 36,590
- Sewer
- Septic Tank
Property Description
Rare opportunity in one of Pierce County’s most desirable locations. This fully recently renovated duplex features updated bathrooms, kitchens, flooring, doors, finishes, trim, and more — move-in ready with modern updates throughout. 6.57% Cap Rate! Live in one side and rent the other, or rent both units for strong cash flow (currently $2,850 + $2,200). The property sits on a large private lot, secluded down a long driveway and backed by a beautiful green belt and partial views of Mount Rainier. The front portion of the lot also offers future development potential. Minutes to I-5, shopping, and Browns Point waterfront with excellent schools nearby. No HOA! Plenty of parking and a spacious lot round out this hard-to-find opportunity in a high-demand area. Opportunities like this are rare-- don't miss your chance! Buyers to verify all developmental potential. Interior viewing available with 48 hour notice.
Additional Information
- List Date
- 2026-08-06 07:43:10
- Community
- Fife Heights
- Net Operating Income
- $49,255
- Gross Adjusted Income
- $60,600
- Gross Scheduled Income
- $60,600
- Total Monthly Income
- $6,050
- Insurance Expenses
- $1,708
- Water/Sewer/Garbage Expenses
- $2,504
- Gross Rent Multiplier
- 12.38
- Total Expenses
- $11,344
- Cap Rate
- 6.57
- Vacancy Rate
- 5
- Total Number of Units
- 2
- Unit Name
- 6425
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 1976
- View
- Mountains, Territorial
- Roof
- Composition
- Site Features
- Deck, Fenced-Partially, Patio
- Electric Expenses
- 2326
- Energy Source
- Electric
- School District
- Fife
- Elementary School
- Buyer To Verify
- Middle School
- Surprise Lake Mid
- High School
- Fife High
- Total Monthly Income
- $6,050
- Gross Scheduled Income
- $60,600
- Vacancy Rate
- 5
- Gross Adjusted Income
- $60,600
- Tax Year
- 2025
- Insurance Expense
- $1,708
- W/S/G Expenses
- $2,504
- Total Expenses
- $11,344
- Net Operating Income
- $49,255
- Gross Rent Multiplier
- 12.38
- Cap Rate
- 6.57
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.