5601 E Portland Avenue, Tacoma, WA, 98404

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$1,600,000

5601 E Portland Avenue, Tacoma, WA, 98404

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Information

Price: $1,600,000

Year Build: 2004

Details

Address: 5601 E Portland Avenue

County: Pierce

City: Tacoma

Neighborhood: Tacoma

Zip: 98404

State: Washington

Taxes

Property Taxes: $11,354

Tax Year: 2023

Description

Excellent investment opportunity with an actual cap rate of 6%. Fully occupied (4 units) with good long term tenants. All expenses paid by tenants except landlord's repair & maintenance. Two parcels totaling 19,645 SF, High exposure property on a corner lot, just minutes from Tacoma dome, Hwy 512 and I-5.

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