1561 1563 S 35th Street Tacoma, WA $ 499,950
1561 1563 S 35th Street
$ 499,950
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1561 1563 S 35th Street

Tacoma, WA, 98418
$ 499,950
Baths0.0 Sq 1,281

Monthly Estimate*

$ 3,119

Listed by 1 Percent Lists Tacoma
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View a Virtual Tour
Studio

Multi-Family Home for sale in Tacoma, WA

for $499,950. This 1,281 square foot home was built in 1955 on a lot size of 0.1575.

Cash-flowing Duplex in the Heart of Tacoma! Fully occupied with solid, market-rate tenants and zero vacancies. Net Operating Income $26,620 annually, cap rate 5.32%—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 high-demand rental market.

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Multi-Family Active

Price

$ 499,950

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,424

Style

Duplex

Lot Size

0.1575

Year Built

1955

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2426630

Features
General
Living Area 0
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing
Roof Flat
HOA Fee 0
Security Features Fully Fenced
Year Built 1955
Property Subtype Multi Family
Tax Year 2025
Building Name Sawyers E L
County Pierce
Net Operating Income 26620
Insurance Expense 1256
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Lincoln
Possible Use Multi-Family
Special Listing Conditions None
Status Active
Directions From 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.
High School Buyer To Verify
City Tacoma
Senior Community Y/N N
High School District Tacoma
Zoning Description Multi-Family
Open Parking Spaces 4
Number Of Units Total 2
MLS Area 50 - South Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 6860
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 5424
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Cash-flowing Duplex in the Heart of Tacoma! Fully occupied with solid market-rate tenants and zero vacancies. Net Operating Income $26 620 annually cap rate 5.32%a true plug-and-play investment. Each
Leasable Area 1280
Virtual Tour https://vimeo.com/1119246637/a060b48163?share=copy
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities See Remarks Storage
Water Company TPU
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 2100
Property Style 52 - Duplex
Cap Rate 5.32
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Exterior
Exterior Amenities Wood
Lot Features Alley Corner Lot Paved Sidewalk
Water Source Public
Total Parking 6
Foundation Details Poured Concrete
Building Area Total 1281
Lot Size Acres 0.1575
Waterfront Y/N N
Covered Spaces 2
Irrigation Water Rights Y/N N
Site Features Fenced-Fully Patio
Parking Uncovered Spaces 4
Lot Number 23-25
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Interior
Flooring Ceramic Tile Laminate
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2426630
Street Number 1 1561
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* Excluded Features
List By
Rachel Veary

Listing Agent

1 Percent Lists Tacoma

Broker

Affordability Calculator

$3,571
Per Month
87%
13%
0%
Monthly Principal & Interest
$3,119
Monthly Property Taxes
$452
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
3100453 Elementary School
3100781 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
10/9/2025$499,950 -2.92% Price Down
9/19/2025$515,000 Listed Price

Map


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1561 1563 S 35th Street, Tacoma, WA, 98418 is a Multi-Family Home for sale at $499,950 with 1,281 sqft and a lot size of 0.1575. 1561 1563 S 35th Street is a studio with 0.0 baths and was built in 1955. The property's zip code is 98418 which is in Tacoma, WA