Listed by Matt Harber, Keller Williams Rty Tacoma
- 6,240
- Square feet
- $337
- Per sq ft
- Multi Family
- Type
- 1955
- Year built
- 58,109 sq ft
- Lot
- 39
- Days on market
About this property
Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2535832
- Listed
- June 4, 2026
- Days on market
- 39
- Price per sq ft
- $337
Unit & building
- Stories in building
- 1
- Units in building
- 12
Parking
- Covered spaces
- 6
- Total spaces
- 18
Construction
- Year built
- 1955
- Style
- 55 - 5-9 Units
- Structure
- Multi Family
- Roof
- Metal
Heating & cooling
- Heating
- BaseboardWall Furnace
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- LaminateVinylVinyl Plank
Lot
- Lot features
- CurbsDead End StreetPaved
- Lot size
- 58,109 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Lakewood Water
- Sewer
- Pierce County
- Power
- PSE
Schools
- District
- Clover Park
- Elementary
- Idlewild Elem
- Middle
- Mann Mid
- High
- Clover Park High
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Multi Family
- Metal
- Baseboard
- Wall Furnace
- None
- Electric
- Laminate
- Vinyl
- Vinyl Plank
- Curbs
- Dead End Street
- Paved
Listing history
Listed
$2,100,000
June 4, 2026
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$12,229
- Principal & interest
- $10,619
- Property tax (est.)
- $1,610
Assumes $420,000 down (20%), a $1,680,000 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of July 13, 2026 at 11:15 PM PDT. 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.