2031 S 7th Street, Tacoma, WA 98405
- $759,000
- 3,805
- SqFt
Listing Broker: Windermere Abode; Spencer Eiseman; ; Selling Office: KW Greater Seattle.
- Sold Price
- $759,000
- List Price
- $759,000
- Status
- SOLD
- MLS#
- 2408040
- Closing Date
- Nov 10, 2025
- Days on Market
- 201
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 3,805
- Area Total SqFt
- 3805
- Annual Tax Ammount
- 7144
- Lot Size (sq ft)
- 5,078
- Sewer
- Sewer Connected
Property Description
This striking 1920 Tacoma craftsman sprawls 3 levels of finished space and offers opportunity + versatility in an ideal Central Tacoma location. Currently being used as duplex, this home offers 8 total bedrooms and could easily function as a triplex! Original oak hardwoods and craftsman trim work add elevated charm to the functional main level with 4 beds, 2 bathrooms, and an updated kitchen. Basement fully finished w/ 2 more beds, 1 bath, living room + laundry room. The second floor was converted to a 2/1 ADU w/separate entrance, fam room, full kitchen, and laundry at ~940 sqft. URX Zoning! One block off 6th Avenue, near schools, hospitals, entertainment & freeways! MultiFamily Property Tax Exemption area. Multi-Gen! Airbnb! Rent and Live!
Additional Information
- List Date
- 2025-04-23 00:00:00
- Community
- Central Tacoma
- Net Operating Income
- $40,844
- Gross Adjusted Income
- $50,568
- Gross Scheduled Income
- $51,600
- Total Monthly Income
- $1,300
- Insurance Expenses
- $1,080
- Water/Sewer/Garbage Expenses
- $1,500
- Gross Rent Multiplier
- 16.84
- Total Expenses
- $9,724
- Cap Rate
- 4.7
- Total Number of Units
- 2
- Unit Name
- 2031
- Potential Terms
- Cash Out, Conventional, FHA, Rehab Loan, State Bond, VA Loan
- Year Built
- 1920
- Roof
- Composition
- Site Features
- Deck, Fenced-Fully, Gas Available, Patio
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $1,300
- Gross Scheduled Income
- $51,600
- Gross Adjusted Income
- $50,568
- Tax Year
- 2024
- Insurance Expense
- $1,080
- W/S/G Expenses
- $1,500
- Total Expenses
- $9,724
- Net Operating Income
- $40,844
- Gross Rent Multiplier
- 16.84
- Cap Rate
- 4.7
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.