🚨 Off‑Market Discounted 4‑Plex in Tacoma 💰 +7% Cap Rate – Income & Upside!

✅ Updated Roof, Windows & Baths
30-year roof, vinyl windows, units already updated = lower CapEx.

✅ On-Site Coin-Op Laundry & Storage Units
Additional revenue streams + tenant perks = higher NOI and retention.

✅ RCX Zoning – High-Density Mixed Use
60’ height limit, no setbacks, 25% commercial occupancy — serious long-term play.

✅ Corner Lot = Premium Future Use
Excellent positioning for visibility, redevelopment, or higher rent premiums.

✅ Flexible Exit Strategies
Flip, BRRRR, hold for cash flow, or redevelop — this one checks all the boxes.

3902 S Park Ave, Tacoma, WA 98418 

Remodeled

🏡 Property Overview:

📈 After Repair Value(ARV): $790,000-$805,000

🛏 Units: 4 

📐 Living Space: 2,357 sqft

🌳 Lot Size: 4,920 sqft

📆 Year: 1951

Annual Gross Scheduled Income: $57,600
Monthly Rental Income: $4,800
Net Operating Income (NOI): 44,676/yr (=$57,600 − $12,924) → $3,723/mo
Cap Rate: 7.10% (=$44,676 ÷ $629,000)
 

Current Numbers:
Total Rent Roll: $44,400/yr
Total Expenses: $12,924/yr
NOI:  $31,476

Comparables