James & Angie Smith

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Listing provided courtesy of Kelly Right RE of Seattle LLCNWMLSas Distributed by MLSGrid- MLS# NWM2490386MLS Provider

4309 Tacoma Avenue S #1,2Tacoma, WA 98418

Multi-Family · 5 Beds · 2,612 Sq. ft. | 0.09 Acres
$498,000 Active

4309 Tacoma Avenue S #1,2 Overview

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Rare investment opportunity in Tacoma! This property has been converted into condos, offering two updated unitsl. Unit 1 features 3 beds/1 bath, Unit 2 offers 2 beds/1 bath - both on separate meters for ease of management. Live in one, rent the others, or lease all for maximum income. With strong rental demand in the area, this is a prime chance to expand your portfolio and unlock added value. Please confirm with your lender or check with listing agent for a preferred lender.

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4309 Tacoma Avenue S #1,2 Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,612
  • Price/Sq.ft. $191
  • Lot 0.09 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tacoma
  • Elementary School: Lyon
  • Middle Or Junior School: Stewart
  • High School: Lincoln High

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 0
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Total Expenses: 0
  • Total Monthly Income: 0
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1916

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 59 - Southeast Tacoma
  • Subdivision Name: Lincoln

Tax Information

  • Tax Annual Amount: $0.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 7470031710
  • Possible Use: Multi-Family,Residential,See Remarks
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 2612
  • Building Area Units: Square Feet
  • Calculated Square Footage: 2612
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Ceramic Tile, Concrete, Laminate
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 2612
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Wood
  • Security Features: Fully Fenced,Partially Fenced
  • Stories Total: 3

Unit Information

  • Unit Number: 1,2

Exterior

Parking Information

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

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Alley, Paved, Sidewalk, Value In Land
  • Lot Size Dimensions: 50x82
  • Lot Size Square Feet: 4100
  • Lot Size Units: Square Feet
  • Site Features: Fenced-Fully, Fenced-Partially
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Cement/Concrete, Wood, Wood Products
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Beds Total: 3
  • Baths Total: 1

Unit 2 Details

  • Beds Total: 2
  • Baths Total: 1

4309 Tacoma Avenue S #1,2 Neighborhood

Community

98418 (Tacoma) Demographics

39
Median Age
5,729
Population Density (per sq. mile)
30%
College Educated
$60,649
Estimated Median Income
2,542
Estimated Total Home Owners
1,505
Estimated Total Renters
63% / 37%
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.

4309 Tacoma Avenue S #1,2 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.

4309 Tacoma Avenue S #1,2 Market Data

Based on the last 30 days in this zip code

$447,626
Average List Price
$270
Average Price per Square Foot
10
Properties Sold
49
Average Days on Market
30
Properties for Sale
Calculations provided by Reliance Network

4309 Tacoma Avenue S #1,2 History

Date Event Value Agent
6/4/2026Source: NWMLS Price Reduction
$498,000 -4.2%
5/27/2026Source: NWMLS Price Increase
$519,900 6.3%
5/26/2026Source: NWMLS Status Change
Active
5/8/2026Source: NWMLS Status Change
Pending
5/5/2026Source: NWMLS Added to Database
May 05, 2026