$1,100,000
Est. $6,093/mo2,624 sq ft
723 S Sheridan Avenue, Tacoma, WA 98405
• Listed Oct 13, 2026•7 days active · 7 cumulative
Listing Broker: Windermere RE West Sound Inc.; Rebecca Johnson; 253-227-8579; rebeccajohnson@windermere.com
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Listing Broker: Windermere RE West Sound Inc.; Rebecca Johnson; 253-227-8579; rebeccajohnson@windermere.com
About this home
Looking for a like-new, turn-key, income producing property? Look no further! This gorgeous triplex was fully remodeled just 2 years ago, and has rented consistently since! All new electrical, plumbing, insulation, roof, windows, quartz counters, solid soft close cabinets, etc. Shorter term traveling nurse housing has been great because of the proximity to St Joseph and Mary Bridge hospitals, and longer term tenants flock as well! Fully furnished from sofas to silverware, the tenants need bring nothing but their clothes! Each unit is a 3 bed 1 bath with it's own washer/dryer. Bunk beds make for comfortable extra sleeping space, and the super-cute design touches throughout make this a magnet for renters. Loads of street parking on the corner lot. Ask your agent about rental details. Live in one unit and rent the others, the possibilities are endless for this sweet triplex. Furnish Finder listings paid through August 2027!
Listed by Rebecca Johnson • Windermere RE West Sound Inc.
Listing updated: October 15, 2026 at 09:33am
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2593878
Around this home
How much should you offer?
723 S Sheridan Avenue, Tacoma, WA 98405
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
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.
Property details
Layout
- Tri-plex
Flooring
- Vinyl Plank
Heating & cooling
- Baseboard heating
- Window Unit(s) cooling
Schools
Ratings via SchoolDiggerTacoma School District
- Buyer To VerifyPublic · Grades Elementary—
- Buyer To VerifyPublic · Grades Middle—
- Buyer To VerifyPublic · Grades High—
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.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 3
- Units in building
- 3
- Units below grade
- true
- Building square feet
- 2,624 sq ft
Income & expenses
- Gross scheduled income
- $82,400
- Total monthly income
- $6,867
- Gross adjusted income
- $58,680
- Net operating income
- $58,680
- Cap rate
- 5.3%
- Gross rent multiplier
- 13.35
- Total expenses
- $23,720
- Insurance
- $4,258
- Electric
- $9,000
- Other expenses
- $1,200
- Water / sewer / garbage paid by
- 3000
Taxes & assessment
- Annual taxes
- $6,262
- Tax year
- 2026
- Financing
- Cash, Conventional, VA Loan
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 723 S Sheridan Avenue
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 13, 2026ListedNWMLS via MLS Grid · #2593878$1,100,000$419/sq ft
- May 23, 2024SoldNWMLS via MLS Grid · #2211031$975,000$372/sq ft
- Mar 19, 2024PendingNWMLS via MLS Grid · #2211031$950,000$362/sq ft
- Mar 15, 2024ListedNWMLS via MLS Grid · #2211031$950,000$362/sq ft
- Dec 3, 2020Recorded salePierce County recorder · Statutory warranty deed$370,000$141/sq ft
Mortgage payment forecast
$6,890 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
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Listing Broker: Windermere RE West Sound Inc.; Rebecca Johnson; 253-227-8579; rebeccajohnson@windermere.com
Market pulse
Tacoma is a balanced market.
Supply and demand are roughly in balance. Neither side has a clear edge.
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 61 days.
Recent sales nearby
Within 1 mile · last 6 months$439,500 Sold
1 day ago
3 bd•2.5 ba•~1,560 sq ft•Single Family
1912 Martin Luther King Jr Way, Tacoma, WA 98405
0%
Over list
158
Days on market
0.9 mi
Distance
$430,000 Sold
4 days ago
4 bd•1 ba•~1,036 sq ft•Single Family
1532 S Prospect Street, Tacoma, WA 98405
0%
Over list
39
Days on market
0.9 mi
Distance
$305,000 Sold
1 week ago
2 bd•1 ba•~760 sq ft•Single Family
1916 Martin Luther King Jr Way, Tacoma, WA 98405
2%
Over list
123
Days on market
0.9 mi
Distance
$660,000 Sold
3 weeks ago
•Single Family
1522 S M Street, Tacoma, WA 98405
3%
Under list
36
Days on market
0.6 mi
Distance
$510,000 Sold
3 weeks ago
3 bd•2 ba•~1,204 sq ft•Single Family
1255 S Grant Avenue, Tacoma, WA 98405
0%
Over list
55
Days on market
0.5 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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 8:24 AM PT (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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© 2026 Northwest Multiple Listing Service. All rights reserved.
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