4019 S Puget Sound Avenue, Tacoma, WA 98409 (MLS # 2405284)
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Listing provided courtesy of Northwest MLS; Northmarq Multifamily, LLC
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We are pleased to present the Puget Sound Townhomes, a rare investment opportunity consisting of 10 well-maintained townhome-style units in Tacoma, WA. Each unit is 3 Beds / 2.5 Baths, approximately 1,301 sq ft with an attached garage and in unit full size WD. Built in 2007, the property consists of 5 tax parcels yielding a potential exit strategy to be sold as duplexes and single-family residences. The property is currently fully rented and operating at an in place 5.94% Cap Rate with significant rental upside to closer to a 7% Cap Rate.
| LAST UPDATED | 8/8/2025 | TRACT | South Tacoma |
|---|---|---|---|
| YEAR BUILT | 2007 | COMMUNITY | South Tacoma |
| COUNTY | Pierce | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | Reed |
|---|---|
| Jr. High School | Giaudrone Mid Sch |
| High School | Foss |
| PRICE HISTORY | |
| Prior to Aug 8, '25 | $3,095,000 |
|---|---|
| Aug 8, '25 - Today | $2,995,000 |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 48 - South Tacoma |
| CONSTRUCTION | Wood Siding |
| HEAT | Electric |
| LOT | 0.3698 acre(s) |
| MLS STATUS | Active |
| STORIES | 2 |
| STYLE | 56 - 10+ Units |
| SUBDIVISION | South Tacoma |
| TAXES | 33527 |
| UTILITIES | Sewer Connected |
| SATELLITE VIEW |
| / | |
Properties with the 
icon are courtesy of Northwest MLS.
Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 8/31/25 12:54 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 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.
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