1027 E 47th Street Tacoma, WA 98404
1027 E 47th Street
Tacoma, WA 98404
$795,000
Multi-Family
0 Beds
0.00 Baths
0 SqFt
Pending Inspection
Turn-key Owner-Occupy Opportunity - Live in your own detached cottage while collecting rental income on site! This property consists of a triplex in the main house plus a separate DADU cottage at the rear of the lot, creating an ideal house-hack setup where you can live privately while your rentals help offset the mortgage. The main house includes three units total: the lower level is Unit A, a spacious 3-bedroom/1-bath and the largest unit, while the upper level contains Unit B, a studio apartment, and Unit C, a 1-bedroom/1-bath apartment. The fourth unit, Unit D, is a 1-bedroom/1-bath + office DADU cottage with its own private fenced yard, fully separate from the main house. Entire property is fenced with alley access, keeping living areas and parking set back from street traffic. Unit B is newly furnished and ready for mid-term or furnished tenancy. The property has successfully operated as long-term, mid-term, and short-term rentals, offering flexibility for future ownership. The basement features approximately 9-foot ceilings with partial finish & storage rooms. Extensive improvements include full DADU remodel, updated units, newer appliances, new roof and gutters in 2024, tankless hot water system, full electrical replacement, new concrete, new front deck, and recent interior and exterior paint. Current income totals $6,700/month or $80,400/year with NOI of $64,827, 8.15% cap rate, GRM of 9.89, and annual expenses of approx. $15,573. Appraised Aug 2025 at $848,000+.
Property Features
Community: East Tacoma
4-Plex
View: Mountain(s)
View: Partial
View: Territorial
Deck
Fenced-Fully
Gas Available
Outbuildings
Patio
RV Parking
Exterior: Metal/Vinyl
Roof: Composition
Year Built: 1912
2025 Taxes: $6489.00
Buyer Broker Comp.: 2.5%
Listing #: 2414509
Lot Details
Lot Size: 0.14 acres
Alley
Paved
No. of Units: 4
Interior
Cooling: None
Heating: Wall Unit(s), Forced Air, Baseboard
Electric
Natural Gas
Common Features
Basement
Storage
See Remarks
Schools
District: Tacoma
Elem: Buyer To Verify
Middle: Buyer To Verify
High: Buyer To Verify
Call or Email:
Grace Wamwere
What's Near 1027 E 47th Street Tacoma, WA 98404?

Information is based on data available to the associate, including county records. The information has not been verified by the associate and all information presented should be verified by the buyer. Listings are provided by Northwest Multiple Listing Service as distributed by MLS GRID. The associate represented on this web site is not a multiple listing service but is a member of a local MLS.
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