Active
Listed by Rob Mitchell • Windermere Prof Partners.
FOR SALE
$689,010
Est. $3,495/mo1 bd•1 ba•6,000 sq ft
1637 Center Street, Tacoma, WA 98409
• Listed 2025-05-05•13 days on market
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About this home
This property is 3 different lots. There is a tri-plex with 3 rental units, with rents of $4625 per mo. There is a home behind the tri-plex which rents for $1750 per mo. and another home behind that home that rents for $1950. in addition, there is a vacant lotto the East that is approx. 100 ft. and 40 feet in Center Street. There is a gross scheduled rental income of $99,900 at current rents which are low. The expenses of taxes @ $4260, sewer is $12,000 per year, and insurance of $3461. Tenant pays for their own water and electrical. Property is currently managed for the absentee owner. if you manage yourself, it can be a great investment with good cash flow. (9% cap rate at present.) Contract available.
Property type
Single Family
Year built
1970
Interior
6,000 sq ft
Lot size
0.2296 acres
Parking
None
Price / sq ft
$115
HeatingBaseboard
CoolingNone
Property taxes$4,260/yr (est.)
Listed by Rob Mitchell • Windermere Prof Partners
Listing updated: May 20, 2026 at 12:06pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2370493
Open houses
No upcoming open houses scheduled for this property.
Around this home
Schools
Ratings via SchoolDigger- School #733712069Public · Grades PK-5 · 8.0 mi · State rank 221 of 1,0002/10
- School #2095294589Public · Grades 6-8 · 1.5 mi · State rank 64 of 1,0006/10
- School #1941558681Public · Grades 9-12 · 8.7 mi—
Schools shown are the nearest public Elementary, Middle, and High school for this property. School district boundaries change — verify the assigned school with the district before purchasing.
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Property details
Kitchen
- See Remarks
Bedrooms
- 1 bedroom total
Bathrooms
- 1 full bathroom
Flooring
- Hardwood
Heating & cooling
- Baseboard heating
- None cooling
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Mortgage payment forecast
$4,022 per month
Great ratePrincipal and interest
Property taxes
HOA dues
Home insurance
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Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Market pulse
Tacoma is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
Buyer's marketSeller's market
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: Sale-vs-list ratio data not available for this area.
Time on market: The average home goes pending in around 44 days.
Want a deeper read on this market?
Ask a RexMont agentMarket data via HouseCanary · Updated Jun 2026
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MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of June 3, 2026 at 12:02 PM PDT (date and time MLS GRID Data was obtained). 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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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