Tacoma, WA 98418 1561 1563 S 35th Street
$515,000
22 more
Presented By: 1 Percent Lists Tacoma and NWMLS
- MLS# 2426630
- 09/18/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 1,281
Home Details
Prime investment in this Tacoma duplex! Fully occupied with solid, market-rate tenants and zero vacancies. Net Operating Income $26,620 annually, cap rate 5.17%—a true plug-and-play investment. Each 640 sf unit is single-level w/ in-unit laundry, separate utility meters, one garage space. Consistent updates include laminate flooring, granite counters, cabinetry, appliances, paint, and doors. Enjoy fully fenced yard w/shared covered patio & an apple tree producing more apples than you’ll know what to do with! Located in Tacoma w/easy access to I-5, grocery, schools, parks, and transit—plus walkable to coffee, restaurants. Tenants love living here and want to stay—rare chance for stable, cash-flowing property in a high-demand rental market.
Presented By: 1 Percent Lists Tacoma and NWMLS
Interior Features for 1561 1563 S 35th Street
Bedrooms
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Laminate
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 1561 1563 S 35th Street
AmenitiesSee Remarks, Storage
Building Area UnitsSquare Feet
Building NameSawyers E L
Cap Rate5.17
Carport Spaces
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsFrom S 38th St, turn North on S Thompson Ave which turns into S Yakima Ave. Turn left on S 35th St. Property is on your right, on the corner lot across the street from The Little Store.
Electric Expense
Elementary SchoolBuyer To Verify
Fuel Expense
HOANo
HOA Fee$
HeatingWall Unit(s)
High SchoolBuyer To Verify
High School DistrictTacoma
Insurance Expense1256
Leasable Area1280
Listing TermsCash Out, Conventional, FHA, VA Loan
Lot Size Square Feet6860
Lot Size UnitsSquare Feet
MLS Area50 – South Tacoma
Middle/Junior High SchoolBuyer To Verify
ModificationTimestamp2025-09-22T19:13:11.601Z
NWM_ShowMapLinkY
Net Operating Income26620
New ConstructionNo
Number Of Units Total2
Open Parking Spaces4
PossessionClosing
Possible UseMulti-Family
Property Style52 – Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksPrime investment in this Tacoma duplex! Fully occupied with solid, market-rate tenants and zero vacancies. Net Operating Income $26, 620 annually, cap rate 5.17%a true plug-and-play investment. Each 640
RoofFlat
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameLincoln
Tax Annual Amount5424
Tax Year2025
Units Below Gradefalse
Units In Building Total2
Virtual TourClick here
Water CompanyTPU
Water Sewer Garbage2100
Year Built1955
Zoning DescriptionMulti-Family
Exterior for 1561 1563 S 35th Street
Building Area Total1281
Covered Spaces2
Exterior AmenitiesWood
Foundation DetailsPoured Concrete
Irrigation Water Rights Y/NNo
Lot FeaturesAlley, Corner Lot, Paved, Sidewalk
Lot Number23-25
Lot Size Acres0.1575
Parking Uncovered Spaces4
Site FeaturesFenced-Fully, Patio
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Buyer To Verify High School
Elementary School
Buyer To Verify Elementary School
Middle School
Buyer To Verify Middle School
Josh QA1
REALTOR ® SRES ®