James & Angie Smith

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Listing provided courtesy of RedfinNWMLSas Distributed by MLSGrid- MLS# NWM2521673MLS Provider

4552 S Puget Sound AvenueTacoma, WA 98409

Multi-Family · 12 Beds · 4,936 Sq. ft. | 0.12 Acres
$1,350,000 Active

4552 S Puget Sound Avenue Overview

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Outstanding investment opportunity in this solid 4-plex, built in 2006 and showing like new. Configured as two duplexes on one lot but permitted as a fourplex, each unit offers a generous 1,234 square feet with 3 bedrooms and 2 bathrooms—plenty of space to attract quality, long-term tenants. The exterior has been well maintained throughout, minimizing deferred maintenance concerns for a new owner. Conveniently located near 47th and South Tacoma Way, with easy access to shopping, dining, commuter routes and right next to the local school bus stop. A great addition for investors seeking a turnkey property with strong bones and dependable rental appeal.

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4552 S Puget Sound Avenue Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,936
  • Price/Sq.ft. $274
  • Lot 0.12 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tacoma
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 96000
  • Insurance Expense: 2200
  • Net Operating Income: 80440
  • Total Expenses: 13160
  • Total Monthly Income: 8000
  • Water/Sewer/Garbage: 100

Building Information

  • New Construction: No
  • Year Built: 2006

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 47 - South Tacoma
  • Subdivision Name: South Tacoma

Tax Information

  • Tax Annual Amount: $10,860.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 2890002731
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 4

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 4936
  • Building Area Units: Square Feet
  • Calculated Square Footage: 4936
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Engineered Hardwood
  • Foundation Details: Block
  • Heating: Yes
  • Leasable Area: 5336
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 4
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved
  • Lot Size Acres: 0.1244
  • Lot Size Square Feet: 5418
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 4
  • Exterior Features: Wood
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 2 Details

  • Actual Rent: 1750
  • Beds Total: 3
  • Baths Total: 2

Unit 3 Details

  • Actual Rent: 2050
  • Beds Total: 3
  • Baths Total: 2

Unit 4 Details

  • Actual Rent: 2050
  • Beds Total: 3
  • Baths Total: 2

Unit 1 Details

  • Actual Rent: 2150
  • Beds Total: 3
  • Baths Total: 2

4552 S Puget Sound Avenue Neighborhood

Community

98409 (Tacoma) Demographics

30
Median Age
3,925
Population Density (per sq. mile)
29%
College Educated
$57,922
Estimated Median Income
4,449
Estimated Total Home Owners
6,667
Estimated Total Renters
40% / 60%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

4552 S Puget Sound Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

4552 S Puget Sound Avenue Market Data

Based on the last 30 days in this zip code

$515,623
Average List Price
$320
Average Price per Square Foot
18
Properties Sold
74
Average Days on Market
62
Properties for Sale
Calculations provided by Reliance Network

4552 S Puget Sound Avenue History

Date Event Value Agent
6/16/2026Source: NWMLS Added to Database
June 16, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021