3650 E Portland AvenueTacomaWA98404
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Tacoma at 3650 E Portland Avenue, Tacoma, WA, 98404 with 5% annual appreciation on a $645,000 basis while $2,452/mo rent supports operations. Equity gained on principal adds $4,162/yr, and five-year appreciation sums $178,202 alongside rental yield of 4.56%. Five-year ROI measures 60.17% and total cumulative return in cash totals $127,684. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,452/mo property income versus a $3,157/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1910
1.34 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 98404, Tacoma, WA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,577 (100%) |
| Owner Occupied HU | 7,615 (60.5%) |
| Renter Occupied HU | 4,516 (35.9%) |
| Vacant Housing Units | 446 ( 3.5%) |
| Median Home Value | $493,245 |
| Average Home Value | $530,997 |
Housing Distribution
Address Breakdown
Residential
11,898
Single Family
10,846
Multi-Family
1,052
Businesses
328
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-23 | Listed for sale | $645,000 |
| 2022-04-14 | Sold | $550,000 |
| 2022-03-16 | Pending sale | $550,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-24 | N/A | N/A | $464,800 | 8.98% |
| 2023-04-24 | $4749.09 | -1.91% | $426,500 | -8.52% |
| 2022-04-24 | $4841.81 | 9.92% | $466,200 | 21.41% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1910
- Architectural Style: Craftsman
- Building Area: 1,022
- Living Area: 1,022 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Wall Furnace
- Cooling: None
- Flooring: N/A
- Interior Features: Ceiling Fan(s), Walk-In Closet(s)
- Exterior Features: N/A
- Parking Features: Driveway, Detached Garage, Off Street, RV Parking
Location
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: Sewer Connected, Company: TPU
- Water Source: Public, Company: TPU
- Road Surface Type: N/A
School Information
- Elementary School: Buyer To Verify
- Middle School: Buyer To Verify
- High School: Buyer To Verify
Listed by: Sarah Robbins • Pellego, Inc.
Mls Name: NWMLS
Mls Provider:
Mls ID: #2355247
Disclaimer: Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with this symbol: provided by Northwest Multiple Listing Service, 2025. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 NWMLS. All rights are reserved. Disclaimer: The information contained in this listing has not been verified by Zillow, Inc. and should be verified by the buyer. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#39)