522 E 32nd Street, Tacoma, WA 98404
Local realty services provided by:CENTURY 21 Tri-Cities
Listed by: kevin tiwana
Office: triplar properties
MLS#:2484059
Source:NWMLS
522 E 32nd Street,Tacoma, WA 98404
$975,500
- - Beds
- - Baths
- 3,374 sq. ft.
- Multi-family
- Active
Price summary
- Price:$975,500
- Price per sq. ft.:$289.12
About this home
Introducing a rare multifamily opportunity in Tacoma featuring stunning views of Commencement Bay and Downtown Tacoma. Tucked away in a quiet setting, this well-maintained asset combines strong in-place income with significant upside potential.Recent capital improvements provide peace of mind for years to come, including a new roof (2022), exterior paint (2023), and new Milgard windows installed at the rear of the building. The property is also equipped with a sprinkler system for the yard for easy yard maintenance. In 2025, the city enhanced the neighborhood with new sidewalks and street lighting, further improving curb appeal and long-term desirability. Each unit features its own private garage, a highly attractive amenity that drives tenant demand and retention. Utilities are currently paid by the owner, offering a clear value-add opportunity for future expense optimization and increased cash flow. Rents are below market, presenting substantial upside for an investor looking to capture growth in a strong location. Residents enjoy close proximity to downtown, shopping, schools, and public transit — all while benefiting from a peaceful residential environment with panoramic water and city views. Pierce county has the property assessed at $1,049,500 for year 2025. This is a turnkey asset with built-in equity growth potential in one of the South Sound’s most desirable rental corridors.
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Home facts
- Year built:1992
- Listing ID #:2484059
- Updated:February 25, 2026 at 01:31 AM
Rooms and interior
- Living area:3,374 sq. ft.
Heating and cooling
- Heating:Wall Unit(s)
Structure and exterior
- Roof:Composition
- Year built:1992
- Building area:3,374 sq. ft.
- Lot area:0.15 Acres
Utilities
- Sewer:Sewer Connected
Finances and disclosures
- Price:$975,500
- Price per sq. ft.:$289.12
- Tax amount:$11,101 (2025)
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