soundmultifamily.com

12/18/2025

Seattle City Hall needs to step up and finally tackle the hard challenges of an affordable housing market that isn’t functioning properly. Just look at Tacoma.

09/04/2025

Just Closed | 6-Unit New Construction | 2420 S I St, Tacoma
Helped our client complete a tight 1031 exchange—trading out of an older, problem property and into a brand-new, fully occupied, 6-unit building.
🔑 Closed at $1,090,000
🔑 Secured 5.875% commercial loan
🔑 From headaches → to hassle-free new construction

Smart timing, smooth ex*****on, strong long-term investment.

03/28/2025

Just Listed | 1461-81 Rainier Court, Fircrest, WA
Units: 12
Cap Rate: 6.9%
$3,675,000
Rare opportunity to acquire three adjacent fourplexes (12 units total) each on separate parcels in the highly desirable community of Fircrest. Offered at a strong 6.9% cap rate, well-maintained by the same dedicated owners for 21 years, providing immediate cash flow and long-term upside. Each 1,030 SqFt unit is 2 bed, 1.5 bath, w/ in-unit wash/dryer. Fully occupied with quality tenants and clear rent growth potential. Lower units feature private yards; upper units have patios. Located near top-rated schools, parks, shopping, and commuter routes, this asset is well-positioned in a high-demand market. Separate parcels offer flexible exit strategies, making it an ideal fit for both seasoned investors and those building a strong portfolio.
https://www.soundmultifamily.com/property/2348857/

01/24/2025

Just Listed-- Investment/House hack/Airbnb Cash Cow!
2715 -2719 NE 115th St, Seattle | $1,489,000
$10k/month potential rent as traditional rental.
4 Units / 4,400 SqFt
Triplex+Bonus Unit. Solid Property with Midcentury Charm, 2-Car Garage, & Lots of Potential. Meticulously maintained by the same owner for last 33yrs, rare opportunity for investors/owner-occ/house hack. Potential 7% cap rate. The main unit (2717) is ~2,600SF, 3 levels with 5 beds, 3 baths, 2nd kitchen (lower level is set up as 4th unit w/ separate entrance), vaulted ceilings, large windows & a custom fireplace. Two ~900SF remodeled 1bed/1bath units (2715 & 2719) feature updated flooring, cabinets, and full appliance packages (incl. wash/dryers). Updated plumbing/wiring & upgrades incl. newer roof, windows, minisplit/AC, & more. Sep. elect. meters & sub-metered water/sewer; so tenants can cover ALL utilities expenses. Corner lot zoned LR2
https://www.soundmultifamily.com/property/2319425/

01/24/2025

Comin' in hot with another one! -- Ravenna Duplex
7806 Lake City Way NE, Seattle | $850,000
Don’t miss this turnkey and stabilized Ravenna duplex w/ value-add opportunity! Charming traditional Tudor styling w/ modern updates include mahogany trim, French doors, hardwoods floors, builtin shelves, coved ceilings, & brand new siding. Main unit: 2bed/1.5bath, bonus room (could be additional bedroom?), sunroom & dining room. Lower unit: 1 bed/1bath. Individual laundry in both units. Detached 2 car garage w/ alley access - potential to convert to a DADU/3rd unit creating a value-add investment strategy! Lot is zoned commercial/C1-55, offering future development potential as well. Close to Green Lake, Roosevelt Light Rail, etc. Both units have solid tenants leased through July 2025.
https://www.soundmultifamily.com/property/2322571/

01/24/2025

Comin' in hot with another Tacoma Fourplex Listing!

5032 S 58th St, Tacoma | $749,900
Solid Fourplex located in Orchard Glen Estates. Value-Add Opportunity with rents well below market rates. Units are ~900SF, 2bed/1bath; upper have balconies, lower have patios & large back yards. Shared laundry facility in basement. New roof in 2019. This building uniquely features an ~1,800SF basement with full-height ceilings, offering exceptional versatility & additional income potential—rent out as storage, workshop, or maybe convert to more unit(s)? Unit D left vacant for showings; ABC tenants are very long term, month to month with no rent increases in several years. 1/3 Acre Lot. Quiet cul-de-sac location w/ convenient access to I-5 & JBLM. 8.7% Cap Rate @ Market Rents. Competitively priced to sell at $180k below tax assessed value!
https://www.soundmultifamily.com/property/2323569/

09/06/2024

*Another Three-Unit Thursday*
1012 N. I Street, Tacoma $1,100,000

https://www.soundmultifamily.com/property/2280644/

Classic Triplex in the sought-after North Slope Historic District. The ground-floor unit lives like a house with 2 bedrooms, 1 bath, a covered front porch, showcasing plenty of old-world charm. The upper units are updated, multi-story townhome-style, each offering 2 bedrooms, a ¾ bath, balconies, and water views. A shared laundry room adds convenience for tenants. At the rear of the property, a 3-car garage generates additional rental income and could potentially be converted into a DADU/ Fourth Unit for even more revenue. This is an incredibly special property located in one of Tacoma's best neighborhoods. A turn-key investment opportunity, it’s ideal for both investors and owner-occupants looking to house hack.

07/12/2024

Just Sold (Finally!)
The Aloha House
2460 NE Northgate Wy, Seattle
Units: 10
Price: $2,000,000

01/15/2024

*Just Listed*
4302-4306 S Cedar St. Tacoma
Units: 4
Price: $850,000

Four Townhome Units
(Two Duplexes) on one .33-acre lot. Each unit has 2 bedrooms / 1.5 bathrooms, in-unit washer & dryers, front & back yards, balcony, and 2 off-street parking spaces (8 total). All units have been updated; fresh exterior paint. One unit has been left intentionally vacant for showings and potential owner-occupant buyers. Other 3 units are month-to-month with plenty of room to increase rents to market value of ~$1,650/month. Lot size, zoning, and configuration is perfect for sub-dividing/conversion/redevelopment in the future. At $212k per townhome, this is bargain.

Property 4302 4306 S Cedar Street, Tacoma, 98409 has bedrooms, bathrooms with 4200 square feet.