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JRJeff ReynoldsCompass · Seattle

Listed by Greg Pubols, Century 21 Blue Chip

2,852
Square feet
$305
Per sq ft
Multi Family
Type
1920
Year built
25,000 sq ft
Lot
28
Days on market

About this property

Excellent investment opportunity in Parkland! This well-maintained fourplex generates excellent cash flow in rental income and is ideally located directly across from Gonyea Park, offering tenants convenient access to open space, recreation, and neighborhood amenities.Each of the four units features a practical and desirable 2-bedroom, 1-bath floor plan, simplifying management and appealing to a broad tenant base. Units have been updated, providing added value and tenant appeal, while the newer roof helps reduce future maintenance concerns.With strong cash flow, a proven rental history, and a convenient location near schools, shopping, public transportation, and major commuter routes, this property is an attractive addition to any investment portfolio. Whether you're a seasoned investor or looking to acquire your first multifamily asset, this income-producing property offers stability, upside potential, and long-term value.

Location & commute

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Directions

Property details

Listing details

Listing number
#2535947
Listed
June 9, 2026
Days on market
28
Price per sq ft
$305
Original list price
$895,000

Unit & building

Stories in building
1
Units in building
4

Parking

Total spaces
8

Construction

Year built
1920
Style
54 - 4-Plex
Structure
Quadruplex
Roof
Composition

Heating & cooling

Heating
Baseboard
Cooling
None
Energy source
Electric

Flooring

Flooring
Vinyl Plank

Lot

Lot features
Paved
Lot size
25,000 sq ft

Terms

Terms offered
CashConventionalFHAVA Loan

Utilities

Water
Parkland
Sewer
Pierce County
Power
Parkland

Schools

District
Franklin Pierce
Elementary
Brookdale Elem
Middle
Morris Ford Mid
High
Wash High

What stands out to you?

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  • Quadruplex
  • Composition
  • Baseboard
  • None
  • Electric
  • Vinyl Plank
  • Paved
  • Cash
  • Conventional
  • FHA
  • VA Loan

Listing history

  1. Listed

    $895,000

    June 9, 2026

  2. Current price

    $869,950

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

$5,066

Principal & interest
$4,399
Property tax (est.)
$667

Assumes $173,990 down (20%), a $695,960 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.

Similar nearby listings

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.