3732 N Stevens, Tacoma, WA 98407

Listing Broker: Windermere Prof Partners; Alicia Brown; ; Selling Office: eXp Realty.

Sold Price
$670,000
List Price
$680,000
Status
SOLD
MLS#
2424146
Closing Date
Oct 21, 2025
Days on Market
10
Style
52 - Duplex
Building Condition
Average
Finished SqFt
3,492
Area Total SqFt
3492
Annual Tax Ammount
8634
Internet Provider
Xfinity
Lot Size (sq ft)
8,625
Sewer
Sewer Connected
Offer Review Date
2025-09-01

Property Description

A rare investment opportunity in North Tacoma! This spacious side-by-side duplex sits on three separate lots, expansive corner property, offering exceptional potential. Each 1,746 sq ft unit features 2 bedrooms, 1.5 baths, a laundry room, and an attached 1-car garage. Whether you’re looking to redevelop into three single-family homes, two fourplexes, or add DADUs while keeping the duplex, the possibilities are abundant. With light updates, the existing duplex can generate strong cash flow. Located minutes from the Proctor District, Point Ruston, Point Defiance, and top-rated schools—this property blends location, flexibility, and future upside.

Additional Information

List Date
2025-10-11 00:00:00
Community
North Tacoma
Net Operating Income
$21,294
Gross Adjusted Income
$38,400
Gross Scheduled Income
$38,400
Total Monthly Income
$3,200
Insurance Expenses
$1,800
Water/Sewer/Garbage Expenses
$1,200
Gross Rent Multiplier
17.7
Total Expenses
$17,106
Cap Rate
3.11
Total Number of Units
2
Unit Name
3732
Potential Terms
Cash, Conventional
Year Built
1953
Roof
Composition
Site Features
Cable TV, Deck, Gas Available, RV Parking
Electric Expenses
1200
Other Expenses
3072
Energy Source
Electric, Natural Gas, Oil
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,200
Gross Scheduled Income
$38,400
Gross Adjusted Income
$38,400
Tax Year
2025
Insurance Expense
$1,800
W/S/G Expenses
$1,200
Total Expenses
$17,106
Net Operating Income
$21,294
Gross Rent Multiplier
17.7
Cap Rate
3.11
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.
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