This listing courtesy of Rob Mitchell , Windermere Prof Partners
$699,999

1637 CENTER Street, Tacoma, WA 98409

  • 1 bed |
  • 1 bath |
  • 6,000 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon10,001sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $117/sqft
  • Property List Date Icon Listed 11 months ago

Property Description

This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Contract available.

Listing Status:
Active
Data Last Updated:
April 4, 2026 at 6:22PM
Listing Office:
Windermere Prof Partners : 253-851-9134
Listing Agent:
Rob Mitchell : 253-851-9134
MLS ID:
2370493
  • Appliances: See Remarks
  • Flooring: Hardwood
  • A/C: None
  • Heating: Baseboard
  • Fireplace: See RemarksFireplaces: 0
  • General: WoodWood Products
  • Style: See Remarks
  • Parking: Parking spaces: 0
  • Roofing: Composition
  • General: TwoPoured Concrete
  • HOA Amenities: 0.0
  • Originating MLS: nwmls
  • School District: Tacoma
  • County: Pierce
  • Zoning: 2980000120
  • Water: Public
  • Sewer: Sewer Connected
  • Source: nwmls

This listing courtesy of Rob Mitchell , Windermere Prof Partners

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Stanley Elementary School

1712 S 17th St, Tacoma, WA, 98405

Grades PK-5

0.74 miles away

B

Bryant Montessori Middle School

717 S Grant Ave, Tacoma, WA, 98405

Grades 6-8

1.45 miles away

L

Lincoln High School

701 S 37th St, Tacoma, WA, 98418

Grades 9-12

0.94 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.
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