Bought with: HomeSmart Real Estate Assoc
$690,000
$700,000
1.4%For more information regarding the value of a property, please contact us for a free consultation.
1122 Lafayette St S #1-4 Tacoma, WA 98444
4 Beds
4 Baths
2,546 SqFt
Key Details
Sold Price $690,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,546 sqft
Price per Sqft $271
Subdivision Parkland
MLS Listing ID 2438390
Sold Date 02/25/26
Style 54 - 4-Plex
Bedrooms 4
Year Built 1957
Annual Tax Amount $6,603
Lot Size 7,000 Sqft
Property Sub-Type Multi Family
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.
Location
State WA
County Pierce
Area 63 - Parkland
Interior
Flooring Laminate, Vinyl Plank, Carpet
Fireplace false
Exterior
Exterior Feature Stucco
Amenities Available Cable TV, Fenced-Partially, Patio
View Y/N No
Roof Type Metal
Building
Lot Description Corner Lot, Paved
Sewer Available
Water Public
New Construction No
Schools
Elementary Schools James Sales Elem
Middle Schools Perry G Keithley Mid
High Schools Wash High
School District Franklin Pierce
Others
Senior Community No
Acceptable Financing Assumable, Cash, Conventional, FHA, VA Loan
Listing Terms Assumable, Cash, Conventional, FHA, VA Loan
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"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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