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  • Listed by: Windermere Prof Partners
    Bought with: Momentum Venture Partners LLC
    $1,134,000

    619 S 35th Street, Tacoma, WA 98418

    6beds
    6baths
    2,934sqft
    Multi Family
    Built in 2026
    -- sqft lot
    $1,113,600 Zestimate®
    $387/sqft
    $2,659 Estimated rent

    Home value

    $1,113,600

    $1.05M - $1.18M

    $2,659/mo

    Zestimate® history
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    What's special

    This new construction four-plex offers a high-yield investment opportunity featuring a 12-year "land only" tax abatement and a strategic mix of four units designed for maximum rentability and minimal maintenance. This property one of the best cap rates on the market at 6.3, generating $7,380 in monthly rental income with extra low expenses and maintenance. The property layout consists of two detached 1,018 SF single-family homes for maximum tenant independence and two efficient 449 SF duplex units. The detached homes are thoughtfully crafted offering a 2-bedroom, 2.5-bathroom layout where each bedroom features an ensuite bath—a design specifically chosen to accommodate housemate arrangements and increase the tenant pool. These units include premium finishes such as quartz countertops, stainless steel appliances with islands, and full-size laundry. Complementing the larger homes are two 1-bedroom, 1-bathroom duplex units that maximize space with full kitchens and in-unit washers and dryers. To ensure long-term durability and low overhead, all units are equipped with ductless mini-split HVAC systems, ERV fresh air systems for superior air quality, and faux wood blinds. Positioned near key arterials, schools, and local amenities, this turnkey property balances sophisticated site design with a robust financial profile.

    Zillow last checked:

    Listing updated:

    Listed by:

    Ryan D Meacham,

    Windermere Prof Partners

    Bought with:

    Jay Miller, 19987

    Momentum Venture Partners LLC

    Source: NWMLS as distributed by MLS GRID,MLS#: 2471932MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 6
    Heating
    • Ductless, Electric
    Cooling
    • Ductless
    Features
    • Flooring: Vinyl Plank
    • Windows: Thermal Windows
    • Has fireplace: No
    Interior area
    • Total structure area: 2,934
    • Total interior livable area: 2,934 sqft

    Property

    Parking
    • Total spaces: 2
    • Uncovered spaces: 2
    Features
    • Has view: Yes
    • View description: City, Partial
    Lot
    • Size: 3,641 sqft
    • Features: Curbs, Paved, Sidewalk, Fenced-Partially, High Speed Internet
    Details
    • Parcel number: 2085030030
    • Zoning description: Multi-Family,Jurisdiction: City
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: 4-Plex
    • Property subtype: Multi Family
    Materials
    • Cement Planked, Cement Plank
    • Foundation: Poured Concrete
    • Roof: Composition
    Condition
    • Very Good
    • New construction: Yes
    • Year built: 2026
    • Major remodel year: 2026

    Utilities & green energy

    • Electric: Company: TPU
    • Sewer: Sewer Connected, Company: TPU
    • Water: Public, Company: TPU
    • Utilities for property: Tbd By Buyer, Tbd
    Green energy
    • Energy efficient items: Thermal Windows

    Community & neighborhood

    Location
    • Region: Tacoma
    • Subdivision: Lincoln

    Other

    Other facts
    • Listing terms: Conventional,FHA
    • Cumulative days on market: 36 days

    Price history

    DateEventPrice
    5/15/2026Listing removed$2,650$1/sqft
    Source: Zillow Rentals Report a problem
    4/3/2026Sold$1,134,000-3.9%$387/sqft
    Source: NWMLS as distributed by MLS GRID #2471932 Report a problem
    4/3/2026Listed for rent$2,650$1/sqft
    Source: Zillow Rentals Report a problem
    3/3/2026Pending sale$1,179,950$402/sqft
    Source: NWMLS as distributed by MLS GRID #2471932 Report a problem
    2/18/2026Price change$1,179,950-1.7%$402/sqft
    Source: NWMLS as distributed by MLS GRID #2471932 Report a problem
    1/26/2026Listed for sale$1,200,000+585.7%$409/sqft
    Source: NWMLS as distributed by MLS GRID #2471932 Report a problem
    2/23/2024Sold$175,000-22.2%$60/sqft
    Source: NWMLS as distributed by MLS GRID #2167111 Report a problem
    1/29/2024Pending sale$225,000$77/sqft
    Source: NWMLS as distributed by MLS GRID #2167111 Report a problem
    10/1/2023Listed for sale$225,000+268.1%$77/sqft
    Source: NWMLS as distributed by MLS GRID #2167111 Report a problem
    1/4/2021Sold$61,126+840.4%$21/sqft
    Source: NWMLS as distributed by MLS GRID #1672552 Report a problem
    10/11/2001Sold$6,500$2/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2024$1,369 +2.8%$125,100 +5.1%
    2023$1,332 +42.1%$119,000 +33%
    2022$938 -9.8%$89,500 -0.6%
    2021$1,040 +76.8%$90,000 +61.6%
    2019$588 -19%$55,700 +24.6%
    2018$727 +12.9%$44,700 -2%
    2017$644 +10.4%$45,600 +35.3%
    2016$583 $33,700 +1.2%
    2014$583 +16.8%$33,300 +14%
    2013$499 $29,200 +3.5%
    2012-- $28,200 -46.8%
    2009-- $53,000 -14.8%
    2008$733 +0%$62,200
    2007$733 +159.8%$62,200 +279.3%
    2002$282 $16,400
    2001-- $16,400 +31.2%
    2000-- $12,500

    Find assessor info on the county website

    Neighborhood: South End

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $1,113,600
    Get a cash offer in 3 minutes
    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $1,113,600