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$949,500
522 E 32nd Street, Tacoma, WA 98404
3,374 Sq Ft
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522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404
522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404 522 E 32nd Street, Tacoma, WA 98404

MLS #2506088 / Listing provided by NWMLS & Real Broker LLC.

$949,500

522 E 32nd Street
Unit A-D
Tacoma, WA 98404

Active 1 day ago
3,374
Sq Ft
$281
Per Sq Ft
1992
Year Built

Meticulously maintained view fourplex in a prime Tacoma location, owned and cared for by the same owner for over 30 years. Built in 1992, this property offers a rare combination of strong in-place cash flow, pride of ownership, and clear upside potential. Each unit includes its own washer and dryer—no shared laundry—and tenants benefit from a detached 4-car garage with individual bays, plus ample off-street parking. The standout feature here is the view—sweeping, unobstructed sightlines of Commencement Bay, the Tacoma Dome, and the downtown skyline from every unit, including the lower level. This is a true “all units have a view” asset, which is extremely rare in this price point. Recent capital improvements provide peace of mind for years to come, including a newer roof, exterior paint, and new Milgard windows. In 2025, the city completed streetscape improvements including new sidewalks and lighting, transforming the immediate area into a park-like setting and materially enhancing curb appeal and long-term desirability. Rents are well below market with long-term, month-to-month tenants, creating immediate value-add potential. At current rents, the property is being offered at a 6.5% cap rate, with a clear path to approximately an 8% cap at market rents. Minimal deferred maintenance + below-market rents = clean, low-risk value-add. One unit has been intentionally left vacant for ease of showings and to accommodate an owner-occupant buyer.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 4
  • Parking Total: 11
  • Total Uncovered Parking Spaces: 7

Structure

  • Roof: Composition
  • Exterior Features: Wood Products
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Alley, Corner Lot, Curbs, Paved
  • Acres: 0.1492
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Tacoma

Lot Details

  • Lot Features: Alley, Corner Lot, Curbs, Paved
  • Acres: 0.1492
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 4500
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Lauren Vigus

Lauren Vigus
Broker | REALTOR®

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