240 S 70th St Tacoma, WA 98408

6 beds · 3 baths · 2,700 sq ft · Lot Size: 6,000 sq ft · Multi-Family Home (2 - 4 units) · South End
Est. Property Value: $598,967

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240 S 70th St is in the South End neighborhood of Tacoma, WA. It is located in Pierce County and ZIP code 98408. This Multi-Family Home (2 - 4 units) was built in 1959 and is approximately 66 years old. The multi-family home (2 - 4 units) spans 2700 sq ft with 6 bedrooms and 3 bathrooms and sits on a 6000 sq ft lot. According to public records, it has a tax-assessed value of $585,200, which is $222 per sq ft. The South End area of Tacoma has 214 residential homes with an average size of 2324 sq ft. Analyze and compare real estate investment strategies for properties like this home at 240 S 70th St Tacoma, WA 98408 with Property Intel by Whitepages.

Owners & Occupancy for 240 S 70th St

No contact information is available.

Occupancy

Resident 1*********************** age 35
Resident 2********************** age 59

Investment Potential for 240 S 70th St

The property has a current estimated value of $598,967, which is 9% above the neighborhood median. Projected long-term rental income is $43,200 annually ($3,600 per month) with a 93% occupancy rate.

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Long-Term

Gross Rental
$43,200 per year($3,600 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
93%in 98408 zip code
 
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Property Details for 240 S 70th St

Property Details

Property Sq Ft

Living Area

2,700 sq ft

16% above market

Lot Size

6,000 sq ft

8% below market

Price Per Sq Ft

Living Area

$222 / sq ft

12% below market

Lot Size Area

$100 / sq ft

23% above market

Property condition, age, exterior, etc. for 240 S 70th…
Longitude: -122.43611 Latitude: 47.193769 Parcel Number (APN): 661500-244-0…

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Discover more multi-family homes near 240 S 70th St in Tacoma, Washington. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 240 S 70th St in Pierce County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$598,967
$655,591
-$56,625 (-9%)
—
—
—
YoY Price Change
—
—
—
Year Built
1959
1974
-15 years
Living Space
2,700 sq ft
2,348 sq ft
352 (15%)
$ Per Living Sq Ft
$222
$275
-$53 (-19%)
Lot Size
6,000 sq ft
9,037 sq ft
-3037 (-34%)
$ Per Lot Sq Ft
$100
$67
$33 (50%)

Net Operating Income
$*****
$24,078
$2,959 (12%)
Annual Revenue
$43,200
$40,200
$3,000 (7%)
$*****
$15,575
$588 (4%)
Net Operating Income
$*****
$24,078
$2,959 (12%)
Cap Rate
****%
3.68%
—
View Neighborhood Data
Home Value Comparison: Property vs. Local and Regional 6-Bed Multi-Family Home (2 - 4 units) Medians

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