1561 1563 S 35th Street Tacoma, WA 98418
Listing Courtesy of: MLS LogoNorthwest MLS / 1 Percent Lists Tacoma

  1561 1563 S 35th Street Tacoma, WA 98418

Pending Inspection (91 Days)
$450,000 (USD)

Description

Cash-flowing duplex in the heart of Tacoma — now offered with one-year home warranty for buyer peace of mind! Each 640 SF unit is single-level with in-unit laundry, separate utility meters & one garage space. Updates include laminate flooring, granite counters, cabinetry, appliances, paint & doors. Fully fenced yard w/ shared covered patio & apple tree that produces generously. Prime location w/ easy access to I-5, grocery, schools, parks & transit, walkable to coffee & restaurants. Fully occupied with market-rate tenants & zero vacancies. Net Operating Income $26,620 annually with a 5.92% cap rate—true plug-and-play. Tenants love living here & want to stay—rare chance to secure a stable, cash-flowing property in high-demand rental market.

MLS #:
2426630
Taxes
$5,424(2025)
Lot Size
6,860 SQFT
Type
Multifamily
Building Name
Sawyers E L
Year Built
1955
Style
Duplex
School District
Tacoma
County
Pierce County
Community
Lincoln

Listed By

Rachel Veary, 1 Percent Lists Tacoma
Source
Northwest MLS as distributed by MLS Grid
Last checked Dec 24 2025 at 12:28 PM PST
Bathroom Details
Subdivision
  • Lincoln
Lot Information
  • Corner Lot
  • Sidewalk
  • Paved
  • Alley
Property Features
  • Fenced-Fully
  • Patio
  • Fireplace: 0
  • Foundation: Poured Concrete
Heating and Cooling
  • Wall Unit(s)
Flooring
  • Laminate
  • Ceramic Tile
Exterior Features
  • Wood
  • Roof: Flat
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric
School Information
  • Elementary School: Buyer to Verify
  • Middle School: Buyer to Verify
  • High School: Buyer to Verify

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Dec 10, 2025
Price Changed
$450,000
-10%
-$49,950
Oct 09, 2025
Price Changed
$499,950
-3%
-$15,050
Sep 18, 2025
Listed
$515,000
-
-
Additional Listing Info
  • Buyer Brokerage Compensation: 2.25
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
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Mortgage calculator estimates are provided by Windermere Real Estate and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: Based on information submitted to the MLS GRID as of 12/24/25 04:28. All data is obtained from various sources and may not have been verified by Windermere Real Estate Services Company, Inc. or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.