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$699,000
2580303 MLS ACTIVE Status
A rare Tacoma redevelopment opportunity with enormous potential. This historic property offers an expansive nearly 3/4 acre lot with a 37 unit configuration, creating an exceptional canvas for an investor, developer, or visionary buyer. Currently vacant and in need of a complete renovation, this property is ready for someone to bring imagination, creativity and strategic vision to its next chapter. Listed on the Historic Register, the property offers distinctive character and architectural significance alongside incredible development potential. A conditional use permit will be required. Conveniently located near the Tacoma Mall, major freeways, restaurants, shopping, and everyday amenities, the location offers both accessibility and strong surrounding infrastructure. The combination of scale, location, historic character makes this a truly uncommon opportunity.

5210 S State Street, Tacoma

Listing courtesy of Windermere Prof Partners.

$599,000
2577828 MLS ACTIVE Status
Excellent investment opportunity with this well-maintained duplex featuring two desirable 2-bedroom, 1.5-bath units in a private, convenient location. These thoughtfully designed floor plans are consistently easy to rent, making this an ideal addition to any investment portfolio. One unit is occupied by a long-term tenant, while both units have been well cared for. Each home offers a functional two-story layout with the living areas, kitchen, laundry, and a convenient half bath on the main level, while both bedrooms and a full bathroom are located upstairs. Each unit also includes its own washer and dryer, a covered parking space, and ample storage. Surrounded by mature landscaping that provides a sense of privacy for tenants, this property offers a peaceful setting while remaining close to shopping, dining, schools, and major commuter routes. Whether you're looking to expand your rental portfolio or invest in a property with strong long-term appeal, this duplex is one you won't want to miss.

5117 5119 84th Street E, Tacoma

Listing courtesy of Neighborhood Experts Real Est..

$945,000
2573776 MLS ACTIVE Status
*RARE UR-3 INVESTMENT + DEVELOPMENT OPP - EXISTING 4-PLEX ON 10,251 SF LOT* Perfect if you're looking for your first rental property or wanting to expand your current portfolio! This fourplex near Tacoma's North End features four spacious 3-bed, 1.5-bath units, each with full w/d + f/p. Units 1 & 4 remodeled (est $15k) AUG '26 & have been kept vacant for new owners, providing your chance to capture market rents & recapture w/s/g via RUBS. Target 6.25%+ CAP. House hackers, occupy one while the other 3 pay your mortgage. Fresh ext paint, newer water heaters, new flooring, int paint. The 3-bed floor plans are attractive to renters, appealing to groups of 4+ seeking more space without the cost of a home. Location is an advantage. Very convenient self-storage facility right next door. Great access to I-5, SR-16 & services, while remaining close to hip 6th Ave & downtown. For commuters to JBLM or going north to King Co, the area provides major transportation options. Whether you're a seasoned investor looking to increase rents & build long-term equity or an owner-occupant seeking a smart house-hack, this property offers multiple paths to maximize your investment & deserves your serious consideration. A chance to acquire a 4plex with 3-bed units with immediate upside or owner-occupant flexibility are increasingly difficult to find in today's market. No HOA, clean records, easy to self-manage. Seller's exit is your gain. Buyer to verify measurements, rents & financing eligibility.

1101 S Woodlawn Street Unit #1-4, Tacoma

Listing courtesy of Multifamily Properties.

$835,000
2573761 MLS ACTIVE Status
* SOLID, LOW MAINTENANCE INVESTMENT OPPORTUNITY * The fourplexes in the Orchard Park Apt community are rarely available, last sale was 2021. This is perfect if you're looking for your first rental property or want to expand your current portfolio by four doors! This apt community is located just south of Fircrest & east of University Place. It features four spacious 2-bed, 1-bath units, each with full w/d, fireplace + carport parking, a leasing advantage in this corridor. Unit C fully updated 2024. Both upper units have balconies, lower units enjoy patio space. New $20k roof. Lease renewals could provide the opening to implement RUBS to recapture w/s/g exp. One unit is expected to vacate 09/30 giving house hackers the chance to occupy one while the other 3 pay your mortgage. Great access to I-5, SR-16 & neighborhood services. For commuters to JBLM or going north to King County, the area provides major transportation options. Whether you're a seasoned investor looking to increase rents & build long-term equity or an owner-occupant seeking a smart house-hack, this property offers multiple paths to maximize your investment & deserves your serious consideration. The chance to acquire a well-maintained 4plex with potential upside or owner-occupant flexibility are increasingly difficult to find in today's Puget Sound market. HOA covers garbage & landscaping. Clean records, easy to self-manage. Seller's exit is your gain. Buyer to verify measurements, rents & financing eligibility.

4907 S Orchard Street Unit #A-D, Tacoma

Listing courtesy of Multifamily Properties.

$720,000
2575296 MLS ACTIVE Status
Income-Producing Triplex with Workshop & DADU Potential in South Tacoma (includes two parcels) Don’t miss this incredible opportunity to own a triplex in a great South Tacoma location while generating rental income! Live in one unit and rent out the other two, helping offset your mortgage while building equity. The vacant 1-bedroom, 1-bath unit is completely updated and move-in ready, making it ideal for an owner-occupant or new tenant. The property offers plenty of parking for residents and guests, along with convenient in-unit laundry. One of the standout features is the approximately 1,800–2,000 sq. ft. oversized garage/workshop, offering an exceptional amount of space for a business, hobbies, storage, or future expansion. The workshop also presents potential for a Detached Accessory Dwelling Unit, offering an exciting opportunity to explore additional living space or income potential, subject to buyer verification and applicable zoning/permit requirements. With multiple income-producing units, a massive on-site workshop, ample parking, and DADU potential, this property offers flexibility and opportunity rarely found at this price point. Live in one, rent the others, utilize the workshop, and explore the possibilities! Whether you're looking for your next home, an investment property, or both, this South Tacoma triplex is an opportunity you don't want to miss!

7428 S Puget Sound Avenue Unit #1-3, Tacoma

Listing courtesy of eXp Realty.

$875,000
2571607 MLS ACTIVE Status
Looking to expand your Tacoma multifamily portfolio or make your first investment? This fourplex offers a strong value-add opportunity with several major improvements already completed or underway. The exterior has been freshly painted, two units have been fully renovated, and two additional units have received bathroom updates. The crawl space has also been improved with a new vapor barrier and insulation, and a New Roof just installed! Additional upside remains in the two units that have not yet been fully renovated, along with the opportunity to bring rents closer to current market levels. With an effective renovation and leasing strategy, the property offers the potential to improve cash flow, target approximately a 6% return, and build long-term equity through increased income and property value. A solid opportunity for an investor looking to improve an existing asset, increase rents and unlock additional value in the Tacoma market.

917 A-D 75th Street E, Tacoma

Listing courtesy of Keller Williams Rty Tacoma.

$850,000
2574982 MLS PENDING Status
Incredible Opportunity in North Tacoma with this Versatile Triplex for Investors or Owner-Occupants. Don’t miss this rare chance to own a versatile, income-producing triplex in one of North Tacoma’s most desirable neighborhoods. Whether you’re an investor seeking strong rental returns or an owner-occupant looking to live in one unit while generating income, this well-priced property offers remodel possibilities for future equity development potential, flexibility. Zoning is Commercial C-1 (Multi-Family Apts, 5+ Units),which opens the door to expanded possibilities (buyer to verify)—Unit B at one time operated as a small-scale retail storefront,professional office,& general/personal service space,this is giving opportunity for options beyond residential use.All three apartments are spacious and could be used for short or long term rental,each featuring a full kitchen, bathroom, and washer/dryer access: Unit A is 1,017 sq ft, two-story with 2 bedrooms, high ceilings, & a peek-a-boo water views; Unit B is 1,061 sq ft has an open floor plan, 3 bedrooms, and high ceilings; Unit C is an upper-level 1,044 sqft unit with 3 bedrooms & multiple views.The property has abundant parking with front,side,& rear alley access, 968 sq ft shop & garage,plus a fenced yard & deck.Just minutes from Point Defiance Park, the Proctor District, Ruston Point, shopping, restaurants, & ferry.Properties with this combination of versatility, space, location with possible expansion are rare. Sold "AS IS".

5019 N 46TH Street, Tacoma

Listing courtesy of HomeSmart Real Estate Assoc.

$680,000
2573774 MLS PENDING INSPECTION Status
Tacoma Fourplex with growth potential! This large corner lot comes with views of the mountain and craftsman charm. The up and coming Hilltop area has undergone a substantial transformation and is now a favorite for investors who want to be in the path of progress. Nearby hospitals, restaurants and the incoming light rail put this near job growth opportunities. The main level has tall 9 ft ceilings and a shared basement provides storage and laundry. The detached garage has 3 bays, currently leased to the tenants but could potentially be rented out as storage units or developed into a future DADU. One unit available for showings, inspection report, floorplan and 3D tour available upon request.

1522 S M Street, Tacoma

Listing courtesy of Windermere Abode.

$610,000
2571248 MLS ACTIVE Status
A craftsman gem built to last. Built in 1925 and beautifully updated in 2010, this move-in-ready duplex spans 2,064 finished sqft and still shows off its original hardwoods throughout, plus the comfort of a dedicated mini-split A/C in each unit. Set in Tacoma's Wedge district and direct neighbors with the Mary Bridge Children's Hospital campus, it's a location with real advantages of its own. Unit A (2 bed/1 bath, 1,384 sqft) greets you with a soaring entry and living room framed by original moldings, a dedicated dining room made for gathering, and an updated kitchen with a sunny breakfast nook. An unfinished basement with laundry adds room to spread out and store. Unit B (1 bed/1 bath, 680 sqft) lives like a light-filled loft, a fully separated bedroom, full bath, a kitchen with vaulted ceilings and a counter with bar seating, a breakfast nook, a handy walk-in pantry, a flexible living room, and it's own dedicated laundry. Two beautifully distinct homes under one classic roof. All of this within walking distance to local favorites such as Frisko Freeze and Balloon Roof Bakery. And also quick jaunt to the Stadium District as well!

1216 S 4th Street, Tacoma

Listing courtesy of Windermere Abode.

$445,000
2572009 MLS ACTIVE Status
Located in Tacoma’s Yakima neighborhood, this 4BD/2BA Victorian duplex presents a full rehabilitation opportunity for investors, builders, or buyers looking to create value from the ground up. The structure is currently in derelict condition and will require extensive repairs and updates throughout. The home shows significant deferred maintenance, with visible wear to the exterior siding, roofing, and windows. Inside, the property will need a complete overhaul, including flooring, walls, fixtures, and major systems such as electrical, plumbing, and HVAC. The condition suggests this is best suited for a cash purchase or renovation financing. Situated with access to local amenities, commuter routes, and Tacoma services, the location remains a strong point for future upside after renovation. This is a true fixer-upper being sold as-is, ideal for those ready to take on a substantial project and unlock the property’s potential.

1220 Yakima Avenue, Tacoma

Listing courtesy of 5 Star Property Management.

$599,990
2571470 MLS ACTIVE Status
Discover the perfect house-hack or multi-generational living opportunity in Tacoma’s Fern Hill neighborhood. Beautifully remodeled, this home with an attached dwelling / duplex, giving you flexible options: live in one unit and rent the other, rent both, or keep loved ones close with separate, private spaces. The front unit features 2 bedrooms, 1 updated bathroom, its own washer/dryer hookups, luxury vinyl plank flooring, modern soft-close white cabinets, quartz counters, tile backsplash, and stainless steel appliances. A large front yard and driveway parking for 2 cars make it feel like its own standalone home. The back unit offers 3 bedrooms and 1 updated bathroom, with large windows that bring in abundant natural light, its own laundry hookups, and parking for up to 3 cars in the back area. The entire property is fully fenced with thoughtfully separated yard spaces for the front and back, ideal for pets, play, gardening, and outdoor entertaining while preserving privacy for each household. With a newer roof, siding, gutters, and furnace, much of the heavy lifting is already done. All of this is centrally located just minutes from Fern Hill’s local shops, restaurants, parks, grocery options, and convenient commuter routes, making it highly attractive to both future tenants and owner-occupants alike.

8823 S Yakima Avenue, Tacoma

Listing courtesy of COMPASS.

$850,000
2570909 MLS ACTIVE Status
BRAND NEW construction just 3 minutes from prestigious Pacific Lutheran University! This beautifully designed duplex offers an incredible opportunity for first-time buyers, investors, or anyone looking for the perfect house hack. Each approximately 1,322 SF residence features a light-filled, open-concept main level with spacious living and dining areas, a stylish kitchen, and convenient powder room. Sleek, flat-panel Euro-style cabinetry, quartz countertops, and warm white lighting create a clean, modern aesthetic. Upstairs, the generous primary suite includes a private full bath, plus 2 additional bedrooms and another full bathroom. Enjoy a quiet backyard patio with privacy fencing and beautiful new landscaping. Each unit includes a 1-car garage PLUS tons of additional parking—a rare find! Builder’s warranty provides added peace of mind. Fantastic location with easy freeway access and exceptional proximity to PLU. Live in one and rent the other, add a turnkey investment to your portfolio, or create a smart path to homeownership!

612 & 614 122nd Street Ct E, Tacoma

Listing courtesy of Commencement Bay Brokers LLC.

$1,100,000
2568515 MLS ACTIVE Status
$157,143 PER UNIT IN A+ TACOMA LOCATION | The Prime Stadium District 7-Unit is a turnkey apartment investment in one of Tacoma's most sought-after neighborhoods. The three-story building consists of five one-bedroom units averaging approximately 606 square feet and two studios averaging approximately 520 square feet, a unit mix that has proven easy to keep full in this submarket. The renovation work is already done. Current ownership has updated every unit with a mix of refinished hardwood floors, granite countertops, new kitchen cabinetry, stainless steel appliances, tiled backsplashes, new bathroom tub surrounds, vanities, toilets, and LED lighting. Ownership also installed a brand-new composition roof last year, taking the largest near-term capital expense off the table for a new owner. Units 1 and 6 have in-unit washers and dryers, and the remaining units share a common laundry room in the basement. The property sits on a corner lot within walking distance of the restaurants, retail, and amenities that define the Stadium District, with convenient access to Tacoma's major employment centers. That location, in a safe and affluent neighborhood, is why operations have been exceptionally stable with near-zero economic vacancy throughout current ownership.

222 N I Street, Tacoma

Listing courtesy of Blake Investment Advisors.

$550,000
2569356 MLS ACTIVE Status
STOP SCROLLING!! Investor Special! Located in the Heart of Downtown Tacoma. This four-unit property presents an exceptional opportunity for investors, builders or owner-occupants looking to unlock significant potential through renovation and improvements. With strong income potential and a highly desirable location this four-plex offers endless opportunities. The property is conveniently located near local shops, restaurants , entertainment, public transportation and major medical facilities. Residents will enjoy easy access to everything the city of Tacoma has to offer. Bring your vision and creativity to transform this property into an amazing investment opportunity. Properties with this size , location and potential are becoming increasingly more difficult get it while it last. Sold AS IS

817 S 13th street, Tacoma

Listing courtesy of Goldhouse Realty.

$675,000
2569509 MLS ACTIVE Status
Wonderful UPS area Craftsman home with covered front porch with two separate living spaces. All brick recently tuckpointed. New roof in 2024. New fence and updates throughout the home. The main floor has a comfortable living room / dining room area with prefinished hardwood flooring, electric fireplace with brick hearth and built-ins, coved ceilings and arch doorways. The kitchen has been remodeled with beautiful quartz countertops, white shaker cabinets, scalloped tile backsplash, stainless appliances and hexagon tile flooring. Cozy breakfast nook. Beautifully updated full bath and two main floor bedrooms. Upstairs is separately metered and offers 2 additional bedrooms, updated bath with stylish finishes and a 2nd kitchen. It is apparent when walking thorough that this home has been so well kept and updated over time. New furnace, double pane vinyl windows, copper and Pex plumbing throughout and mostly updated electrical. Generous backyard with easy-care turf! Convenient to all of the amenities of the 6th Ave District and to the Proctor District.

3417 N 8th Street, Tacoma

Listing courtesy of Windermere Prof Partners.

$615,000
2565908 MLS PENDING Status
Exceptional investment opportunity with extensive updates already completed! This well-maintained duplex offers peace of mind for both owner-occupants and investors, featuring a new roof installed in 2019, a full plumbing re-pipe completed in 2021, and new electrical panels in both units (2021 & 2024). Unit 3801 was upgraded with an energy-efficient ductless heat pump in 2021 for year-round comfort, while Unit 3803 received stylish kitchen and bathroom updates in 2024, adding modern appeal for tenants. A new vinyl privacy fence installed in 2022 enhances the outdoor space, and nearly every appliance has been replaced within the past seven years of ownership, with the exception of one clothes dryer. With major systems already updated and thoughtful improvements throughout, this turnkey multi-family property is an outstanding opportunity to generate rental income or expand your investment portfolio.

3801 3803 56th Street Ct E, Tacoma

Listing courtesy of Redfin.

$580,000
2566430 MLS ACTIVE Status
Don't miss this fantastic investment opportunity! Ideally located just minutes from shopping, Spanaway Park, I-5, SR-512, and JBLM, this well-maintained duplex offers the perfect combination of convenience and income potential.Whether you're expanding your investment portfolio or looking for an owner-occupied property with rental income, this duplex checks all the boxes. Both units are occupied by reliable long-term tenants, providing immediate, consistent rental income.Each unit features a bright, open-concept floor plan with vaulted ceilings, skylights, and a cozy gas fireplace and furnace (new in 816) that creates a warm and inviting living space. A private one-car garage for each unit adds everyday convenience and enhances tenant appeal.With a strong rental history, desirable layout, and prime location near major commuter routes and local amenities, this is an outstanding opportunity you won't want to miss.

818 138th Street E, Tacoma

Listing courtesy of Park 52, Inc..

$675,000
2567270 MLS ACTIVE Status
Looking for a great investment? Something to add to your portfolio? This wonderful 6 bedroom, 4 bath duplex is just the key! Fully remodeled in 2023 on one side and the other side was fully remodeled in 2014. New Roof in 2014, white cabinets, quarts counter tops, stainless appliances, new flooring, all new trim, popcorn ceilings were scraped and textured. All new sinks, heaters and outlets replaced. Huge back yard, one car garage on each side and all appliances stay! Newer vinyl windows, crawlspace insulated, newer garage doors and all gutters replaced. Nice driveway for parking, quiet area and close to schools, shopping, restaurants and JBLM. Make sure you check this nice duplex 6 bedroom, 4 bath out today!

17620 17622 30th Avenue Ct E, Tacoma

Listing courtesy of John L. Scott, Inc.

$725,000
2565099 MLS ACTIVE Status
Rare opportunity in one of Pierce County’s most desirable locations. This fully recently renovated duplex features updated bathrooms, kitchens, flooring, doors, finishes, trim, and more — move-in ready with modern updates throughout. 6.57% Cap Rate! Live in one side and rent the other, or rent both units for strong cash flow (currently $2,850 + $2,200). The property sits on a large private lot, secluded down a long driveway and backed by a beautiful green belt and partial views of Mount Rainier. Zoned for multi-family, the front portion of the lot offers possible future development potential for another Duplex, a Detached Accessory Dwelling Unit (DADU), or construction of an additional residence. Minutes to I-5, shopping, and Browns Point waterfront with excellent schools nearby. No HOA! Plenty of parking and a spacious lot round out this hard-to-find opportunity in a high-demand area. Opportunities like this are rare-- don't miss your chance! Buyers to verify all developmental potential. Interior viewing available with 48 hour notice.

6425 7th Street NE, Tacoma

Listing courtesy of Best Choice Realty LLC.

$599,999
2562234 MLS PENDING Status
Exceptional turnkey investment opportunity in the heart of Downtown Tacoma near Wright Park! Fully renovated, this property functions as a tri-plex while maintaining its legal duplex status, offering two spacious 3-bedroom units, plus a finished lower-level 2-bedroom unit for additional income potential. All three units have been extensively updated and are currently vacant, providing flexibility for investors seeking market rents or owner-occupants looking to offset their mortgage with rental income. Three separate electric meters allow tenants to pay their own electricity, helping reduce operating expenses. The property also offers outstanding future upside with potential to construct a Detached Accessory Dwelling Unit (DADU) in the rear yard, creating the opportunity for a 4th additional income-producing unit. A freshly improved backyard, alley access, and three dedicated parking spaces further enhance the property's functionality and appeal. Located amongst major hospitals, medical facilities, transit, the Tacoma Link light rail, downtown Tacoma, and major commuter routes, this is an ideal location for healthcare professionals, commuters, and long-term tenants alike. A rare opportunity to acquire a move-in-ready investment property with immediate cash flow potential and future development possibilities. Buyer to verify all redevelopment, zoning, and DADU potential. Approx. 11.6% cap rate, $84,000 gross annual income, and $7,000/month in rental income.

615 Martin Luther King Jr Way, Tacoma

Listing courtesy of 1 Percent Lists Tacoma.

$870,000
2560887 MLS PENDING INSPECTION Status
BACK ON THE MARKET by popular demand! This turn-key and exceptionally maintained 4-plex offering strong, reliable rental income with thoughtful modern updates throughout the units. Building is fully rented and cash flows. This low-maintenance investment property is in excellent condition, with each unit featuring contemporary laminate flooring, newer hot water tanks, fresh interior paint, updated bathrooms, and crisp modern trim for a clean. Two units are leased at $1,800/month with newly signed leases, and the other two units are rented at $1,700/month—providing immediate, stable cash flow. Ideally located near shopping, dining, transit, and easy freeway access. This property appeals to commuters and long-term tenants. This property is perfect for all savvy investors being a smart addition to you investment portfolio.

4027 S Warner Street, Tacoma

Listing courtesy of Keller Williams Realty PS.

$599,950
2559531 MLS ACTIVE Status
Completely reimagined and rebuilt in 2024, this turnkey duplex offers the rare combination of classic character and modern construction. Taken down to the foundation and studs, nearly every major component has been replaced, providing years of low-maintenance ownership. Extensive improvements include a new roof, windows, siding, insulation, electrical, plumbing, mini-split heating & A/C, LVP flooring, stainless steel appliances, in-unit stackable laundry, and fresh landscaping. Each unit features contemporary finishes, efficient layouts, and independent mini-split HVAC systems. Both the upper and lower units are currently leased at $1,500/month, offering immediate income with room for future rental growth. Ideal for investors or owner-occupants looking to offset their mortgage, this property is minutes from the University of Washington Tacoma, University of Puget Sound, Tacoma Community College, MultiCare and Virginia Mason Franciscan hospitals, downtown Tacoma, shopping, dining, parks, and major commuter routes. With virtually every major system replaced, this is a true turnkey investment in one of Tacoma's most convenient, high-demand rental corridors.

1410 6th Avenue, Tacoma

Listing courtesy of Redfin.

$545,000
2544823 MLS ACTIVE Status
Here is your opportunity to own a one-of-a-kind historic duplex in Tacoma's Hilltop neighborhood. Converted to a duplex shortly after construction, this classic home offers timeless character, strong income potential, and room to add value. Rescued and thoughtfully restored in the 1980s, it's now ready for its next chapter. The upper 2-bedroom unit has benefited from significant updates, including beautifully refinished original hardwood floors, fresh interior paint, and new kitchen cabinetry, while retaining its historic charm. The lower unit offers an excellent opportunity for similar improvements, allowing the next owner to build additional equity. Both units are currently occupied, providing immediate rental income from day one. Whether you're an investor or looking to expand your portfolio with a unique property, this historic duplex is full of potential.

2152 S -54 J St Street, Tacoma

Listing courtesy of Meridian Real Estate Group.

$540,000
2536557 MLS ACTIVE Status
Estate sale presents a rare opportunity to own a well-located triplex in Tacoma's desirable McCarver neighborhood, within the Hilltop Mixed-Use Center. With strong upside potential, this income-producing property is ideal for investors or owner-occupants looking to add value. Unit A is a spacious 2-bedroom, 2-bath unit ready for cosmetic updates, while Units C and D have received improvements within the past five years. The generously sized lot offers excellent redevelopment potential, with zoning that allows for additional units. A public dual-head EV charging station and its established community account are included in the sale, providing an added income opportunity and valuable amenity. The exterior paint and gutters have been updated in recent years. While the roof is functional, buyers may wish to plan for replacement in the future. Don't miss this chance to unlock the full potential of this well-positioned investment property in one of Tacoma's growing neighborhoods.

2147 Martin Luther King Jr Way, Tacoma

Listing courtesy of Meridian Real Estate Group.

Based on information submitted to the MLS GRID as of . 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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