Listed by Michael Haas, COMPASS
- 2,960
- Square feet
- $194
- Per sq ft
- Multi Family
- Type
- 1961
- Year built
- 7,850 sq ft
- Lot
- 0
- Days on market
About this property
They said the "1% Rule" was impossible - but this Tacoma rental delivers! This income-producing property sits on a spacious corner lot with an oversized 720 SF detached garage for parking & storage, equipped with its own electrical service panel & meter. Flexible room-rental configuration with 8 furnished rooms, 3 bathrooms, 8 individual mini fridges, and a common area with kitchen & washer/dryer. Sold fully furnished, mostly occupied & systemized for immediate cashflow! Renovated for longevity with a new 30-year Pabco Premier roof, sheeting, gutters, exterior siding & paint in 2024, plus new hot & cold water lines in 2026 and a recently replaced water heater. A property with substantial updates, functional living spaces, parking & lots of potential. Conveniently located near Wapato Park, I-5, transit, shopping, fitness, dining & JBLM. Investments like this don't come often - ask the listing agent for ROI spreadsheets showing over $875 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses!
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Jeff's Neighborhood Guide
Get to know the South Tacoma area
Jeff's Seattle & Eastside Neighborhood Guide profiles 70 communities: the streets, shorelines, parks, markets, and local places that define each one. It is editorial, separate from the MLS listing data above.
Property details
Listing details
- Listing number
- #2588374
- Listed
- October 9, 2026
- Days on market
- 0
- Price per sq ft
- $194
Unit & building
- Stories in building
- 2
- Units in building
- 8
Parking
- Covered spaces
- 4
- Total spaces
- 7
Views
- View
- Territorial
Construction
- Year built
- 1961
- Style
- 55 - 5-9 Units
- Structure
- Multi Family
- Roof
- Composition
Heating & cooling
- Heating
- Forced Air
- Cooling
- None
- Energy source
- ElectricNatural GasWood
Lot
- Lot features
- Corner LotCurbsPavedSidewalk
- Lot size
- 7,850 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- TPU
- Sewer
- TPU
- Power
- PSE
Schools
- District
- Tacoma
- Elementary
- Birney
- Middle
- Baker
- High
- Mt Tahoma
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Territorial
- Multi Family
- Composition
- Forced Air
- None
- Electric
- Natural Gas
- Wood
- Corner Lot
- Curbs
- Paved
- Sidewalk
Listing history
Listed
$575,000
October 9, 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
$3,349
- Principal & interest
- $2,908
- Property tax (est.)
- $441
Assumes $115,000 down (20%), a $460,000 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 October 14, 2026 at 3:00 AM 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.