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$565,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • Updated 2 days ago

Listed by Nicholas Zaharevich | eXp Realty | (888) 317-5197

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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.

Full Property Details for 5428 S Cedar St

General

  • Price: $565,000
  • Taxes: $4,731 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2557670
  • Updated: 7/23/2026
  • Added to Site: 3 day(s) ago

Parking

  • Uncovered Spaces: 4

Location

  • Area: 47 - South Tacoma
  • County: Pierce
  • Subdivision: South Tacoma
  • Driving Directions: From I-5 take exit 130 and turn West on S 56th Street. Turn right on Cedar and the main home is on the left.

School Information

  • High School District: Tacoma
  • Elementary School: Buyer To Verify
  • Middle School: Buyer To Verify
  • High School: Buyer To Verify

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard, Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Duplex
  • Exterior Const.: Stucco, Wood
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 1,924
  • Year Built: 1925

Unit Information

  • Units in Building: 2

Lot Features

  • Lot Size (Acres): 0.1515
  • Lot Size (Sq. Ft.): 6,600
  • Lot Size Source: County

Financial Considerations

  • Assoc Fee Freq.: Not Applicable
  • Tax Amount: $4,731.07
  • Tax Year: 2026
  • Terms: Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 5360000750

Listed by Nicholas Zaharevich | eXp Realty | (888) 317-5197

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NMLS#: 1598647

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Schools serving 5428 S Cedar St

School District:Tacoma Public Schools
NameGradesDistance
Edison Elementary School, Tacoma, WA
5830 South Pine Street, Tacoma, WA 98409
PK-50.2 mi
Gray Middle School, Tacoma, WA
6229 South Tyler Street, Tacoma, WA 98409
6-80.8 mi
Foss High School
2112 South Tyler Street, Tacoma, WA 98405
9-122.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5428 S Cedar St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/23/2026
Listed
$565,000
11.22%
MLS
2/07/2023
Sold
$508,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5428 S Cedar St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,510
—
$421,500
2%
2025
$4,510
2%
$414,100
5%
2024
$4,400
12%
$395,100
5%
2023
$3,921
3%
$377,300
14%
2022
$3,812
9%
$332,200
20%
2021
$3,483
3%
$276,900
11%
2020
$3,393
9%
$250,000
12%
2018
$3,106
—
$222,700
13%
2018
$3,106
16%
$196,500
18%
2017
$2,684
9%
$166,500
14%
2016
$2,456
22%
$145,500
14%
2014
$2,017
—
$128,100
9%
2014
$2,017
—
$117,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Nicholas Zaharevich | eXp Realty | (888) 317-5197

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5428 S Cedar St, Tacoma, WA 98409 (MLS# 2557670) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 5428 S Cedar St is currently listed for $565,000 and was received on July 23, 2026. Want to learn more about 5428 S Cedar St? Do you have questions about finding other Multi-Family real estate for sale in New Tacoma? You can browse all New Tacoma real estate or contact a Coldwell Banker agent to request more information.

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