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
Add a destination (work, gym, school) for directions and drive time.
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?
Mark features you love or could do without. Saved on this device to tune what you see.
- Quadruplex
- Composition
- Baseboard
- None
- Electric
- Vinyl Plank
- Paved
- Cash
- Conventional
- FHA
- VA Loan
Listing history
Listed
$895,000
June 9, 2026
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.
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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.