Solid, turn-key fourplex offering strong cash flow and rental upside, priced at a 7.75% cap rate. An excellent opportunity for both seasoned investors and owner-occupants looking to house-hack and offset their mortgage with rental income. Each spacious 938 SF unit offers 2 bedrooms, 1 bath, in-unit washer/dryer, and a fireplace with secure, common entrance. Three units have recently been updated, two with high-end finishes. Recent exterior improvements include paint, doors, and windows. Generous parking lot with reserved spaces. One unit is intentionally vacant, providing access for showings and flexibility for potential owner-occupant buyers. Convenient location close to amenities makes this a high-demand rental with solid performance and future growth potential.
Pending inspection
Listed by: Real Broker LLC • Charles Burnett
$756,500
1722 E 56th Street, Tacoma, WA 98404
8beds
4baths
3,800sqft
Quadruplex
Built in 1983
-- sqft lot
$-- Zestimate®
$199/sqft
$-- HOA
What's special
High-end finishes
- 46 days |
- 112 |
- 7 |
Zillow last checked:
Listing updated:
Listed by:
Charles Burnett,
Real Broker LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2531562
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Ceramic Tile, Engineered Hardwood, Laminate, Carpet
- Windows: Thermal Windows
- Has fireplace: No
Interior area
- Total structure area: 3,800
- Total interior livable area: 3,800 sqft
Property
Parking
- Total spaces: 4
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 7,000 Square Feet
Details
- Parcel number: 5345000031
- Zoning description: Multi-Family,Residential,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Average
- Year built: 1983
- Major remodel year: 2001
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Green energy
- Energy efficient items: Thermal Windows
Community & HOA
Community
- Subdivision: Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $199/sqft
- Tax assessed value: $753,800
- Annual tax amount: $8,200
- Date on market: 2/4/2026
- Cumulative days on market: 161 days
- Listing terms: Conventional,VA Loan
Estimated market value
Not available
Estimated sales range
Not available
$3,403/mo
Price history
| Date | Event | Price |
|---|---|---|
| 6/23/2026 | Pending sale | $756,500$199/sqft |
Source:  NWMLS as distributed by MLS GRID #2531562 Report a problem | ||
| 5/29/2026 | Listed for sale | $756,500+8.8%$199/sqft |
Source: NWMLS as distributed by MLS GRID #2531562 Report a problem | ||
| 3/5/2021 | Sold | $695,000+100%$183/sqft |
Source: NWMLS as distributed by MLS GRID #1720273 Report a problem | ||
| 7/7/2016 | Sold | $347,500+110.6%$91/sqft |
Source: NWMLS as distributed by MLS GRID #941064 Report a problem | ||
| 6/30/2003 | Sold | $165,000$43/sqft |
Source: NWMLS as distributed by MLS GRID #22252441 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $8,200 +4.9% | $753,800 +7.3% |
| 2023 | $7,816 +0.6% | $702,600 -6.1% |
| 2022 | $7,766 +1.1% | $748,500 +11.7% |
| 2021 | $7,680 +33.2% | $670,300 +35.9% |
| 2019 | $5,767 +11.2% | $493,300 +11.1% |
| 2018 | $5,188 +16.9% | $444,100 +35.1% |
| 2017 | $4,438 +14.4% | $328,600 +34% |
| 2016 | $3,879 | $245,200 +9.9% |
| 2014 | $3,879 +19.3% | $223,200 +14.6% |
| 2013 | $3,251 | $194,700 +5.1% |
| 2012 | -- | $185,300 -23.8% |
| 2011 | -- | $243,200 -2.3% |
| 2010 | -- | $248,900 -13.5% |
| 2009 | -- | $287,800 -4.8% |
| 2008 | $4,004 | $302,400 -11.7% |
| 2007 | $4,004 +28.1% | $342,400 +87.6% |
| 2002 | $3,125 +10.2% | $182,500 |
| 2001 | $2,835 | $182,500 +12.9% |
| 2000 | $2,835 | $161,600 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Eastside-ENACT
Nearby schools
GreatSchools rating
- 2/10Sheridan Elementary SchoolGrades: PK-5Distance: 0.7 mi
- 2/10First Creek Middle SchoolGrades: 6-8Distance: 0.2 mi
- 2/10Lincoln High SchoolGrades: 9-12Distance: 2.3 mi
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A local agent can set up tours, give advice and negotiate with sellers.
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