$565,000
Est. $2,881/mo5428 S Cedar St, Tacoma, WA 98409
• Listed 2026-07-23•3 days on market
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Based on information submitted to the MLS GRID as of July 23, 2026 at 09:44am (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.
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Turnkey investment opportunity featuring two homes on one lot in the heart of Tacoma. The property includes a 3-bedroom, 1-bath main residence (1,284 sq ft) and a detached 2-bedroom, 1-bath ADU (640 sq ft) with alley access. Both units are leased through February 28, 2027, producing $4,150 per month ($49,800 annually) in scheduled rental income. The main home features an open kitchen with dining area, wood-burning fireplace, finished attic, and fully fenced yard. The detached ADU offers updated finishes, a full kitchen, living room, in-unit laundry, and private access. Conveniently located near shopping, dining, schools, transit, and I-5. An excellent opportunity to acquire a stabilized income-producing property with future flexibility when the current leases expire.
Listed by Nicholas Zaharevich • eXp Realty
Listing updated: July 23, 2026 at 09:44am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2557670
Open houses
No upcoming open houses scheduled for this property.
$554,000
-$11,000 under list price
Nearby comparable homes
RexMont uses 3 strongest recent nearby sales, priced between $306K and $340K.
Rental earnings
$1,650/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$306,000Last sold price
2922 S 54th Street, Tacoma, WA 98409
$339,950Last sold price
6825 S Puget Sound Ave, Tacoma, WA 98409
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
5428 S Cedar St, Tacoma, WA 98409
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Neighborhood mobility
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Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 17 days.
$2,850 Sold
4 weeks ago
3 bd•2.5 ba•Single Family
3307 S 43rd Street, Tacoma, WA 98409
0%
Over list
—
Days on market
0.9 mi
Distance
$655,000 Sold
6 weeks ago
4 bd•2 ba•~2,750 sq ft•Single Family
6630 S Warner Street, Tacoma, WA 98409
1%
Over list
—
Days on market
0.7 mi
Distance
$240,000 Sold
7 weeks ago
3 bd•1 ba•~1,460 sq ft•Single Family
5430 S Birmingham Street, Tacoma, WA 98409
4%
Over list
—
Days on market
0.2 mi
Distance
$352,000 Sold
8 weeks ago
2 bd•1.5 ba•~948 sq ft•Single Family
7007 S Puget Sound Avenue, Tacoma, WA 98409
1%
Under list
—
Days on market
0.9 mi
Distance
$265,000 Sold
2 months ago
1 bd•~706 sq ft•Single Family
6645 S Oakes Street, Tacoma, WA 98409
5%
Under list
—
Days on market
0.8 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Tacoma School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
