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1122 Lafayette St S , 1-4

Tacoma, WA 98444
  • $720,000
  • STATUS: Active
  • MLS #: 2438390
Price Reduced
UPDATED: 19 min ago
$720,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,546
    SQFT
  • $283
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1957
County:
Area:

School Information

Elementary School:
Middle School:
High School:
School District:
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Berkshire Hathaway HS NW.
Mortgage Calculator is provided by BoomTown.

Description

Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 5.08% CAP RATE with upside potential!! Each unit is single-level, 1 bed/1 bath, with proven 0% vacancy rate. Recent improvements include a brand-new metal roof, refreshed exterior, and two updated units with luxury vinyl plank flooring and new paint. Added income from on-site coin-op laundry plus private storage for each unit. A hedge against inflation, this property produces steady monthly cash flow and offers tax advantages. With strong occupancy, rental demand, and income streams, it combines reliability with growth potential. Prime location near a new elementary school, PLU, JBLM, retail, dining, and quick access to WA-512 & I-5. Please do not disturb occupants.

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IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-16T09:15:09.693. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-11-16T09:15:09.693. 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.
www.communityrealestategroup.com/homes/168419718
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1122 Lafayette St S , 1-4 Tacoma, WA 98444

  • Price: $720,000
  • Status: Active
  • On Site: Days
  • Updated: 19 min ago
  • MLS #: 2438390
0
Beds
0
Baths
0
½ Baths
0.16
Acres
2,546
SQFT
$283
$/SQFT
1957
Built
Neighborhood:
Parkland
County:
Pierce
Area:
Parkland
Elementary School:
James Sales Elem
Middle School:
Perry G Keithley Mid
High School:
Wash High
School District:
Franklin Pierce
Property Description
Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 5.08% CAP RATE with upside potential!! Each unit is single-level, 1 bed/1 bath, with proven 0% vacancy rate. Recent improvements include a brand-new metal roof, refreshed exterior, and two updated units with luxury vinyl plank flooring and new paint. Added income from on-site coin-op laundry plus private storage for each unit. A hedge against inflation, this property produces steady monthly cash flow and offers tax advantages. With strong occupancy, rental demand, and income streams, it combines reliability with growth potential. Prime location near a new elementary school, PLU, JBLM, retail, dining, and quick access to WA-512 & I-5. Please do not disturb occupants.
Exterior Features

Carport Spaces 0 Carport YN No Covered Spaces 0 Exterior Features Stucco Lot Features Corner LotPaved Open Parking Spaces 10 Open Parking YN Yes Parking Total 10 Parking Uncovered Spaces 10 Roof Metal Structure Type Quadruplex Style Code 54 - 4-Plex View YN No Waterfront YN No

Interior Features

Baths Full Upper 0 Baths Half Upper 0 Baths Three Quarter Upper 0 Bedrooms Upper 0 Building Area Total 2546 Cooling Wall Unit(s) Cooling YN Yes Fireplace YN No Fireplaces Total 0 Flooring LaminateVinyl PlankCarpet Heating Wall Unit(s) Heating YN Yes Living Area 0 Square Footage Finished 0 Square Footage Unfinished 0

Property Features

Amenities Coin Op LaundryStorage Association Fee 0 Association YN No Building Name Mildred Energy Source Electric FIRPTAYN No First Right Of Refusal No Foundation Details Poured Concrete Irrigation Water Rights YN No Listing Terms AssumableCash OutConventionalFHAVA Loan Lot Number 1 Net Operating Income 37091 New Construction YN No Possession Closing Power Company Parkland Water & Light Power Production Type Electric Property Condition Good Property Sub Type Multi Family Security Features Partially Fenced Senior Community YN No Sewer Available Sewer Company Pierce County Sewer Site Features Cable TVFenced-PartiallyPatio Special Listing Conditions None Tax Annual Amount 6603 Tax Year 2025 Water Company Parkland Water & Light Water Source Public Year Built Effective 1993 Zoning Jurisdiction County



IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than Keller Williams Spokane are marked by the "three tree" symbol; detailed information about such listings includes the names of the listing brokers. The three tree icon refers to an NWMLS listing. Data last updated 2025-11-16T09:15:09.693. The "Days on Site" data field is calculated by BoomTown and is the number of days since the listing was originally received in our system. It is not the equivalent of "Days on Market".
Based on information submitted to the MLS GRID as of 2025-11-16T09:15:09.693. 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.
 
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Keller Williams Spokane
6515 W Clearwater, Ste 224
Kennewick WA, 99336
Northwest MLS logo Listing information ©2025 Northwest MLS. Listing courtesy of Berkshire Hathaway HS NW.
Mortgage Calculator is provided by BoomTown.