Tacoma, WA 98409 4019 S Puget Sound Avenue
$2,995,000
17 more
Presented By: Northmarq Multifamily, LLC and NWMLS
- MLS# 2405284
- 07/09/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
Home Details
We are pleased to present the Puget Sound Townhomes, a rare investment opportunity consisting of 10 well-maintained townhome-style units in Tacoma, WA. Each unit is 3 Beds / 2.5 Baths, approximately 1,301 sq ft with an attached garage and in unit full size WD. Built in 2007, the property consists of 5 tax parcels yielding a potential exit strategy to be sold as duplexes and single-family residences. The property is currently fully rented and operating at an in place 5.94% Cap Rate with significant rental upside to closer to a 7% Cap Rate.
Presented By: Northmarq Multifamily, LLC and NWMLS
Interior Features for 4019 S Puget Sound Avenue
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories2
General for 4019 S Puget Sound Avenue
Building Area UnitsSquare Feet
Cap Rate5.94
Carport Spaces
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsFollow I-5 S to Tacoma. Take exit 132 A from I-5 S. Continue on S 38th St. Drive to S Puget Sound Ave. Turn right onto S 38th St. Turn left onto S Puget Sound Ave. Destination on the left.
Electric Expense1175.88
Elementary SchoolReed
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolFoss
High School DistrictTacoma
Insurance Expense5820
Leasable Area13010
Listing TermsCash Out, Conventional
Living Area UnitsSquare Feet
Lot Size Square Feet16108
Lot Size UnitsSquare Feet
MLS Area48 – South Tacoma
Middle/Junior High SchoolGiaudrone Mid Sch
ModificationTimestamp2025-08-08T19:13:11.705Z
NWM_ShowMapLinkY
Net Operating Income183946
New ConstructionNo
Number Of Units Total10
Open Parking Spaces10
PossessionClosing
Property Style56 – 10+ Units
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksWe are pleased to present the Puget Sound Townhomes, a rare investment opportunity consisting of 10 well-maintained townhome-style units in Tacoma, WA. Each unit is 3 Beds / 2.5 Baths, approximately 1, 3
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameSouth Tacoma
Tax Annual Amount33527
Tax Year2025
Units Below Gradefalse
Water Sewer Garbage2420.16
Year Built2007
Exterior for 4019 S Puget Sound Avenue
Building Area Total
Covered Spaces10
Exterior AmenitiesWood Products
Irrigation Water Rights Y/NNo
Lot Size Acres0.3698
Parking Uncovered Spaces10
Total Parking20
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Foss High School
Middle School
Giaudrone Mid Sch
Elementary School
Reed Elementary School
Josh QA1
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