Pierce County Real Estate | Pierce County Multi-Family Homes for Sale

Fabulous location downtown Puyallup, where the City is revitalizing the downtown district for community interest. Walkability to services and restaurants means that these units are always rented! 2 bedrooms and 1 bath with one carport space for each, these units have been incredibly well cared for by the long time owners. The back unit has a huge back yard. Additional income from coin operated laundry of $1200 per year. Great opportunity to own an investment with upside potential. Also a great way to enter the market as a first time homebuyer.. live in one side and rent out the other while gaining equity! PLEASE DO NOT DISTURB TENANTS.

606 8th Street NW, Puyallup

Listing courtesy of Windermere RE West Campus Inc.

$650,000

2554215 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..

$2,000,000

2553708 MLS ⋅ ACTIVE Status

SELLER FINANCING AVAILABLE. The Villa Apartments is a well-located 10-unit apartment building situated in one of Tacoma's most coveted and historically stable submarkets — North Tacoma. Offered to the market for the first time in over 25 years, this is a rare opportunity to acquire a long-held, carefully maintained asset in a neighborhood that consistently commands strong tenant demand and above-average rent growth. The property presents a compelling value-add investment profile, with dated interiors that reflect the building's long-term ownership and offer a clear path to modernization. A strategic renovation program targeting updated finishes, fixtures and exteriors would allow a new owner to drive meaningful rental growth and unlock significant upside in stabilized value. Adding to the opportunity, the seller is offering attractive financing terms, providing qualified buyers with a distinct advantage in today's elevated interest rate environment. North Tacoma's appeal is well established - tree-lined streets, walkable neighborhoods, proximity to the University of Puget Sound, Tacoma's best retail and dining corridors, and consistently low vacancy make it one of the most sought-after multifamily locations in the South Sound.

1115 N 12th Street, Tacoma

Listing courtesy of Kidder Mathews.

$3,400,000

2553466 MLS ⋅ ACTIVE Status

This stunning lakefront property is unlike anything you’ve ever seen! Sited on 700 feet of waterfront and 9.31 acres, this special property is the perfect combination of lakefront luxury and income generating rentals. The hallmark of the property is the lakefront lodge. At more than 4,200 square feet, clad in stone, stucco, slate, and copper, this beautiful home features a main level primary suite, an expansive kitchen, a two-story great room, and an attached ADU/MIL above the three-car garage. Open the three sets of French doors in the great room for a seamless indoor-outdoor flow onto the covered outdoor patio. Enjoy beautiful lake views from nearly every room, especially the elevated ADU which offers two private external entrances and interior access from the main residence. The South-facing shoreline features a picturesque Mount Rainier view. The dock easily accommodates a float plane or large vessel, with an extra motorized float perfect for cruising the lake with friends. Now, the rentals. This single-parcel property includes 7 rental units: two 1-bed duplexes, a 2-bed duplex, and an additional single-family home. These additional residences have all received consistent updates throughout the years and benefits from long-term tenants who would love to stay. Photos of the SFR and one of the duplex units are included in this listing. Gross annual income exceeds $100,000 per year and a rent roll is available upon request. This one-of-a-kind property is as rare as it comes.

1000 Creso Road S, Spanaway

Listing courtesy of COMPASS.

$787,000

2538890 MLS ⋅ ACTIVE Status

Turn Key Asset in the Heart of the Coveted Proctor District (2 Blocks off Proctor) with Serious Period Charm. Main Floor Spacious Unit includes 2 Bedroom and 1 Bath, Living and Dining areas, and French Doors to the Large Covered Deck Overlooking a Lovely Landscaped and Private and Fully Fenced Backyard. The Lower Living Area can be accessed from Main Floor Unit and also has private entrance. It could be used for Guests or Multi-generational, Flex space or Airbnb and Includes Kitchenette, 3/4 bath, Living area, and Non Conforming Bedroom. Upper Unit has 2 Bedroom/1 Bath, Private Deck and is presently occupied with Long Term Happy Tenant on Month to Month Tenancy at $1725/mon. All Units have been Updated and All Have W/Ds. Roof is 3 Years Young, Elec was updated between 2006 and 2010. This Versatile Turn Key Property has so much to Offer both Seasoned Investor or Owner Occupants.Zoning Allows for More Units, Convert Existing Garage to DADU (Buyer to Verify). Proforma Market Rent for Main Floor and Lower Level at $3000/mon. Large 2 Car Oversized Garage with Work Bench Area/Potting Area and Plenty of Shelving & can Provide Additional Income. It has been Rented in the past for $250/month. Seller has been meticulous in the care of the property. A Great Opportunity to own a Multi Unit in this Desirable Neighborhood. Walk to Sat Farmer's Market, UPS, Cafes, Wine Bar, Dining and Met Market. Mason Middle School, Stadium HS and Washington Hoyt Elementary are all Highly Rated Schools.

3609 N 26th Street, Tacoma

Listing courtesy of Windermere Prof Partners.

$949,900

2550856 MLS ⋅ ACTIVE Status

Well-located mixed-use investment opportunity in Tacoma’s highly desirable 6th Avenue District. The property consists of two residential apartment units, two street-level retail spaces, and a large secured storage area with alley access, offering multiple income streams and flexibility for an owner/user or value-add investor. One retail space of approximately 750 SF is currently available, providing upside through lease-up or owner occupancy.Situated along one of Tacoma’s most vibrant commercial corridors, the property is surrounded by popular restaurants, coffee shops, live music venues, boutique retail, and professional services. Its close proximity to the 97-acre University of Puget Sound campus supports strong and consistent demand from students, faculty, and neighborhood residents. Zoned NCX, the asset benefits from favorable mixed-use zoning in a walkable, high-traffic location with long-term appreciation potential.

3825 6th Ave, Tacoma

Listing courtesy of Lee & Associates Commercial RE.

$745,000

2544496 MLS ⋅ ACTIVE Status

Excellent investment opportunity in desirable DT Puyallup location! Well-maintained duplex with very large fully fenced lot, great spacious floor plan. Each unit is 2 BR 1.5 BA featuring main level living area, half bath, dining rm. & kitchen w/slider to patio in very large & private back yard. Upstairs features the master bedroom with vanity, sink & mirror, 2nd bedroom, a huge storage closet, utility rm, & bathroom. 921 completely remodeled in 2019 with only 1 tenant the last 7 years. 919 remodeled in 2022. Never vacant, always inquiries and referrals. A great investment opportunity awaits. Tenants pay garbage and electric. Upside potential on rent for unit 921, renting the storage shed onsite, and utility bill back for the water/sewer. Inside tours only after mutual agreement. Video tour available upon request. Please do not disturb tenants. Check out MLS #2544201 and #2543610 to package a complete portfolio.

921 11th Avenue NW, Puyallup

Listing courtesy of Summit Properties NW LLC.

$600,000

2548777 MLS ⋅ ACTIVE Status

Rare Income Producing Duplex on 1.13 Acres! Exceptional investment opportunity featuring two 2 bedroom, 1 bath units, each offering approximately 1,112 SqFt of living space. Both units are currently occupied, generating $1,630 per month per unit in rental income. Each unit is served by its own power, water and separate 1,125-gallon septic system, and the property includes two additional 1,125-gallon septic tanks, offering potential for future opportunities. This property provides a unique combination of steady cash flow, usable land, and long-term upside. An excellent opportunity for investors looking to expand their portfolio or those seeking a quality multifamily asset with immediate income and future potential.

24810 24808 78th Avenue E, Graham

Listing courtesy of Keller Williams Realty.

$1,200,000

2548507 MLS ⋅ ACTIVE Status

First time on the market... 2 University Place Duplexes on 2 separate parcels. (5208 / 5210 & 5214 / 5216) Each unit is approx 996 sf, 2 bedrooms, 1.75 baths/ea., 1 car garages, washer & dryer in ea unit, wood burning fireplace. Living area, kitchen, dining & 1/2 bath on the main floor. 2 bedrooms & 1.25 bath below. Semi Private setting with only these 4 units on the Dead End road. 2 units are vacant, 2 are rented at under market value. Please do not view without a real estate broker Please do not bother tenants.

5208 63rd Avenue Ct W, University Place

Listing courtesy of Engel & Volkers Chambers Bay.

$549,990

2546792 MLS ⋅ ACTIVE Status

Investor Opportunity – Mobile Home Community with Significant Upside Potential! Rare chance to acquire a mobile home community consisting of 5 mobile home sites across 3 tax parcels, featuring 4 existing homes in a cul-de-sac, including 1 park-owned home, plus 1 vacant site ready for a new home. The current owner is highly motivated to sell. Tenants have not paid rent in over a year, there are currently no leases in place, and tenants prefer to remain due to the high cost of relocating their homes, creating a unique opportunity for new ownership to restructure operations and improve performance. The property includes 5 septic systems and 2 shared wells and is being sold As-Is, Where-Is. With full flexibility to implement new management, lease structures, rent collections, community improvements, and potential expansion, this property offers substantial value-add potential for experienced investors. A large vacant area provides additional opportunities for a new home, owner occupancy, or future development. Whether your goal is to stabilize and grow the existing community or create a new vision for the property, this is a rare opportunity to purchase and reposition an entire mobile home community with significant upside.

20106 2nd Avenue E, Spanaway

Listing courtesy of Every Door Real Estate.

$925,000

2547346 MLS ⋅ ACTIVE Status

Rare investment opportunity on over 1 acre with Puyallup River frontage and a strong rental history. This income-producing property features a duplex plus a detached unit, offering three separate rental opportunities on one parcel. Each side of the duplex provides 1388 square feet with 2 bedrooms, a bonus room, 2 bathrooms, attached garage, private fenced backyard, and deck for outdoor enjoyment. The detached 672 square foot unit includes a 2-car garage, creating additional flexibility for rental income or owner occupancy. Recent improvements of over $100k include replacement of all plumbing within the duplex, helping reduce future maintenance concerns. The spacious lot offers a desirable riverfront setting with direct bank access and room to enjoy the natural surroundings. Tenants appreciate the privacy afforded by separate outdoor spaces and the convenience of individual garages. Ideally located with quick access to SR-512 and SR-167, this property provides convenient commuting options while maintaining a peaceful setting. Whether you're looking to expand your investment portfolio, pursue a house-hacking opportunity, or acquire a multi-unit property with established income, this offering presents exceptional potential. Buyer/buyer agent to verify all information to own satisfaction. Appointment Required. DO NOT DISTURB TENANTS.

6808 112th Avenue E, Puyallup

Listing courtesy of John L. Scott/Yelm.

$1,425,000

2546564 MLS ⋅ ACTIVE Status

Fully occupied, freshly upgraded, and sitting on a path of undeniable growth. The unit mix is exactly what tenants want: two spacious 3-bed/1-bath units and two 1-bed/1-bath units, each with covered porches, hardwood and fir floors, original built-ins, and gas forced air heat. Two units feature updated kitchens with stainless appliances and newer cabinetry.The heavy lifting is already done. A new water supply line, all-new supply plumbing, new sewer line, two new 80-gallon water heaters, and new furnaces mean a new owner steps into a mechanically sound asset with minimal deferred maintenance and maximum peace of mind.A five-bay garage off the alley represents untapped monthly income sitting largely uncaptured in the current rent roll, a straightforward path to pushing NOI higher without touching a single unit. Fully fenced backyard, unfinished basement with shared laundry, open storage, and four individual storage units round it out.Easy access to Tacoma's new light rail, Wright Park, and the medical center puts this property directly in the path of the city's most significant growth corridor. Proven tenancy. Turnkey systems.

315 N L Street, Tacoma

Listing courtesy of COMPASS.

$599,000

2546499 MLS ⋅ ACTIVE Status

Well-maintained duplex offering two residential units with approximately 2,090 total square feet on a fully fenced 0.38-acre lot. Built in 1991, the property includes updated kitchen and bathroom countertops in unit 10010, laminate flooring, stainless steel appliances, fireplaces, newer siding, and updated crawlspace insulation in both units. Covered porch and four parking spaces provide additional functionality for occupants and guests. Public water and sewer service. Located on a dead-end street with convenient access to major commuter routes, shopping, dining, and everyday services. Residential income property suitable for owner-occupants or investors seeking a two-unit property. Functional floor plans & usable outdoor space.

10010 15th Avenue Ct E, Tacoma

Listing courtesy of John L. Scott R.E.Tacoma North.

$1,395,000

2540292 MLS ⋅ ACTIVE Status

Discover this rare, turnkey 3-unit gem in North Tacoma’s classic Old Town neighborhood, surrounded by $1M+ homes. The views of Commencement Bay & Vashon Isl from both front units are stunning. The property operates as short- & mid-term rentals (STR/MTR) & is fully furnished. Superhost status, strong positive online reviews & many repeat bookings. This property perfectly blends lifestyle luxury with strong income potential, making it ideal for STR/MTR investors. Alternatively, it's perfect for owner-occupants seeking a smart house-hack or multi-generational living setup. Live in one unit while generating income from the others. This location features a stacked duplex with mirrored 2bd/2.5ba units up front incl full w/d & each bedroom has a private bath suite. New $18k ductless mini-split heat/AC for Unit B in 2026. The 3rd unit is a studio under the garage off the alley. New composite deck in 2025. Located in a vibrant area near Ruston's waterfront, amenities, and attractions, yet tucked into an upscale enclave. This 3-unit property is a low-maint, high-reward opportunity in a market where quality multifamily with unobstructed views are scarce. The sellers have loved owning this gorgeous & stylish property. Their time to scale back is your golden opportunity to continue its operation or make it your own. Don’t miss this chance to own a beautiful, income-generating property in one of Tacoma’s best locations! Additional details & financials available to serious inquiries only.

2726 N 30th Street, Tacoma

Listing courtesy of Multifamily Properties.

$495,000

2544777 MLS ⋅ ACTIVE Status

Opportunity meets flexibility with this fully occupied duplex in the heart of Parkland! Whether you're an investor seeking strong cash flow or a first-time buyer looking to offset your mortgage by living in one unit and renting the other, this property offers exceptional potential. Each unit features 2 bedrooms and 1 bathroom, recently refreshed interiors, kitchen appliances included, and separate driveways for added convenience and privacy. Situated on a large corner lot, both units enjoy their own spacious, fully fenced backyard...an attractive feature for tenants and owner-occupants alike. Ideally located near Pacific Lutheran University, shopping, major freeways, and Joint Base Lewis-McChord, this property benefits from a highly desirable rental location. A newer roof installed within the last few years adds peace of mind, while the low-maintenance design and established rental history make ownership easy. With affordability, full occupancy, reliable income, and prime upside potential, this duplex is a smart addition to any investment portfolio and an excellent opportunity for buyers looking to build wealth through real estate.

1644 120th Street S, Tacoma

Listing courtesy of John L. Scott Dupont.

$599,450

2544370 MLS ⋅ ACTIVE Status

Turn Key Duplex on large lot in the desirable Puyallup School District with NEW roof and exterior paint. This super well maintained duplex is truly ready to go! Live in one side and rent out the other and enjoy the amazing long term renters! Both sides offer 2 bed, 1.5 baths and attached garage with tons of storage and workshop area. Cul - de - sac location is ideal for enjoyment and parking. The quiet Waller community offers access to award winning schools and easy commute to JBLM, Tacoma, or even Seattle with a sounder station nearby. Opportunities are endless and the investment value is undeniable! Please respect our fantastic tenants privacy but don't hesitate to call the listing agent with all your questions!

6616 6618 51st Avenue E, Tacoma

Listing courtesy of At Home WA Realty Group.

$580,000

2544872 MLS ⋅ ACTIVE Status

Investment Opportunity! Rear one level Duplex situated at the back of a quiet dead-end street. Very well maintained property featuring a newer roof and water heaters (both changed in 2022), significantly reducing your future capital expenditures. Both units are 2 bd 1 bth, with WD hookups. Both currently occupied by exceptionally long-term tenants (26 and 16 years) on a month-to-month basis and are eager to stay, providing a new owner with guaranteed income and zero turnover costs.

7909 -7911 114th St Court E, Puyallup

Listing courtesy of Skyline Properties, Inc..

$550,000

2545120 MLS ⋅ ACTIVE Status

Updated duplex offering a great opportunity for both investors and owner occupants. Each unit features 2 bedrooms upstairs, a spacious living room, and a remodeled kitchen with quartz countertops, new cabinetry, and updated flooring on the main level. Both units include a full bathroom and an in-unit washer and dryer. The property features durable Hardie Plank siding and has been recently improved with a new roof installed six months ago, fresh interior paint throughout both units, and new carpeting throughout the upstairs bedrooms hall and staircase. Thoughtfully updated and well-maintained, this duplex is move-in ready and offers strong rental appeal.

1205 N 11th Street, Tacoma

Listing courtesy of Windermere Prof Partners.

$848,112

2544830 MLS ⋅ ACTIVE Status

SELLER FINANCING AVAILABLE Located in one of North Tacoma's thriving neighborhoods, this well maintained 5 unit building (four 1 bedroom units plus one studio) offers strong rents, long term tenant occupancy, and excellent upkeep throughout. Just minutes from downtown Tacoma, hospitals, transit, and top amenities, this is a rare find in one of the West Coast's fastest growing rental markets. Value add potential is built in: add W/D hookups to the larger units, and consider finishing part of the basement to create a 6th income producing unit (buyer to verify feasibility). Whether you're a seasoned investor or just getting started, this property offers a strong income base with room to grow. Don't miss this one. OWNER FINANCING AVAILABLE — ask about flexible terms!

1901 N Fife Street, Tacoma

Listing courtesy of Real Broker LLC.

$710,000

2544598 MLS ⋅ ACTIVE Status

Excellent investment opportunity! This fully fenced townhome-style duplex is tucked away on a quiet dead-end street, offering privacy, convenience, and strong income potential. Each spacious 1,200 SF unit features 3 bedrooms, 1.5 baths, a full-size kitchen, comfortable living room with a cozy fireplace, attached 1-car garage, and a primary suite with a large walk-in closet. Enjoy outdoor living with a nice deck and large fully fenced yard—perfect for entertaining, pets, or play. A new septic system provides added peace of mind and minimal maintenance. Generate immediate income with current tenants already in place or take advantage of the ideal owner-occupied investment opportunity. Enjoy the tranquility of a peaceful rural setting while remaining just minutes from Highway 512, JBLM, schools, shopping, and restaurants.

7903 115th Street E, Puyallup

Listing courtesy of Windermere RE South Sound, Inc.

$580,000

2544523 MLS ⋅ ACTIVE Status

Opportunity awaits with this well-located Lakewood duplex offering flexibility for both investors and owner-occupants. The vacant upper unit features approximately 1,284 square feet with 3 bedrooms and 1.75 bathrooms and is move-in ready, making it ideal for an owner occupant or for immediate rental income. The lower unit offers 2 bedrooms and 1 bathroom and is currently tenant occupied, providing existing income from day one. Each unit includes its own one-car garage, laundry hookups, washer and dryer, and ample onsite parking. The interiors of both unites were renovated, and the upper 3 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). Tenants pay their own utilities, helping keep operating expenses low. With reasonable market rents on the upper unit, the property offers a projected 5.5% cap rate. Conveniently located near shopping, schools, major freeways, and JBLM, this duplex presents an excellent opportunity to add to your investment portfolio or offset your housing costs by living in the spacious upper unit while generating income from the lower level.

2604 92nd Street S Unit #A/B, Lakewood

Listing courtesy of COMPASS.

$599,900

2544520 MLS ⋅ ACTIVE Status

Craftsman-style duplex offering flexibility for investors or owner-occupants. The main level unit features 2 bedrooms, 1 bath, original fir/softwood floors, and vinyl flooring in the kitchen, bath, and laundry areas. The lower unit also offers 2 bedrooms and 1 bath with laminate and vinyl flooring throughout. Both units will be vacant, creating an opportunity for market rents or owner occupancy. The lower unit recently rented for $1,900 per month, and projected rents of approximately $1,800 per unit may provide an estimated 6% cap rate. Both unites received interior renovations, and the upper 2 bedroom unit has remained vacant since renovations were done. Property was inspected and passed the Lakewood Rental House Safety Program (RHSP). The property is served by a functioning septic system currently rated for three bedrooms, with sewer available in the street for future connection. Pierce County sewer charges are included on the utility bill and passed through to tenants along with utilities. The furnace and water heater are shared and located in the basement. The large lot offers ample off-street parking plus street parking. A detached garage/storage building provides additional potential and may benefit from repairs or improvements. Conveniently located near I-5, JBLM, schools, and Tillicum amenities, with larger shopping and grocery options just minutes away in Lakewood. Ideal for investors, rental income, or living in one unit while renting the other.

8601 8603 Maple Street SW, Lakewood

Listing courtesy of COMPASS.

$699,000

2543619 MLS ⋅ ACTIVE Status

TWO HOMES on ONE LOT! That's less than $350,000 for each home! Perfect for Homeowners or Investors! Beautifully updated property featuring a 2,010 sf main home plus a new-construction 983 sf DADU at 815B S 96th St, Tacoma, WA 98444, located at the end of the private driveway for added privacy. Conveniently close to shopping, recreation, JBLM, and easy freeway access. The main home offers a freshly painted interior, a bedroom on the main floor, and an oversized covered deck ideal for year-round indoor-outdoor living, entertaining, or relaxing. Upstairs includes four additional bedrooms, with the primary suite featuring a Jack-and-Jill bathroom. The detached DADU is thoughtfully designed with stainless steel appliances, mini-split heating and cooling throughout, and two bedrooms, the primary has with its own en-suite bathroom. Perfect for rental income, possible short or mid term rental, multi-generational living, sober living, or owner-occupant flexibility. A rare opportunity to live in one home and rent the other. Roof and attic insulation was replaced June 2026 at the house in front.

815 S 96th Street, Tacoma

Listing courtesy of eXp Realty.

$975,000

2541334 MLS ⋅ ACTIVE Status

Beautifully Maintained, Updated duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, well-cared for and thoughtfully managed, this property reflects true pride of ownership and stewardship throughout. Each unit features 2 levels, 3 bedrooms, 2 bathrooms, one attached garage and a 1-car detached garage, providing the feel and functionality of a single-family home with strong tenant appeal. Recent capital improvements include both units fully renovated with quality finishes and modern updates. Rents remain significantly below current market levels, presenting an outstanding opportunity for future income growth and enhanced cash flow. Large windows capture panoramic water and mountain views, creating a living experience rarely found in multifamily properties. Located in a highly desirable University Place rental market with strong demand, this duplex offers a unique combination of quality construction, exceptional views, and value-add potential. An outstanding opportunity for investors seeking stable income, future appreciation, and long-term wealth creation.

1917 -1919 Willow Lane W, University Place

Listing courtesy of Keller Williams Rty Tacoma.

$975,000

2541333 MLS ⋅ ACTIVE Status

Beautifully Maintained Duplex offering breathtaking Puget Sound and Olympic Mountain views. Family-built, well-cared for and thoughtfully managed, this property reflects true pride of ownership and stewardship throughout. Each unit features 2 levels, 3 bedrooms, 2 bathrooms, one attached garage and a 1-car detached garage, providing the feel and functionality of a single-family home with strong tenant appeal. Recent capital improvements include one fully renovated unit with quality finishes and modern updates. Rents remain significantly below current market levels, presenting an outstanding opportunity for future income growth and enhanced cash flow. Large windows capture panoramic water and mountain views, creating a living experience rarely found in multifamily properties. Located in a highly desirable University Place rental market with strong demand, this duplex offers a unique combination of quality construction, exceptional views, and value-add potential. An outstanding opportunity for investors seeking stable income, future appreciation, and long-term wealth creation.

1911 -1915 Willow Lane W, University Place

Listing courtesy of Keller Williams Rty Tacoma.

$700,000

2542529 MLS ⋅ ACTIVE Status

Investor opportunity or ideal owner-occupant property with income potential! Well-maintained duplex featuring two spacious units, each offering 3 bedrooms, 2 bathrooms, and approximately 1,042 square feet. Both units include full kitchens with range/oven, refrigerator, dishwasher, and dedicated washer/dryer hookups—a highly desirable feature for tenants and owner occupants alike. Currently generating $1,700 per month per unit, providing strong and consistent rental income.Situated on a large usable lot with ample outdoor space, storage shed, and plenty of parking. Private well and septic system help keep monthly utility expenses predictable and affordable, enhancing overall cash flow. Live in one unit and offset your mortgage with rental income from the other, or add a solid income-producing asset to your investment portfolio.Conveniently located with easy access to nearby amenities while offering a peaceful country setting. Strong rental history, functional floor plans, and attractive income make this a rare opportunity for investors and owner-occupants seeking flexibility, affordability, and long-term value.Current Gross Rental Income: $3,400/month ($40,800 annually).

30517 -19 Webster Road E, Graham

Listing courtesy of 1% Lists Pacific Northwest.

$1,070,000

2542836 MLS ⋅ ACTIVE Status

Price Improvement at a 6 cap! Exceptional multifamily investment opportunity located at 1006 - 1010 on desirable Pioneer Avenue, this meticulously maintained triplex offers three spacious 2-bedroom, 1-bath units, each with its own attached one-car garage and additional on-site parking. The property has been thoughtfully updated and features well-appointed interiors that appeal to today's renters. Unit 1010 is equipped with an energy-efficient heat pump providing both heating and air conditioning, while the remaining units feature forced-air natural gas heat. A durable metal roof and consistent upkeep throughout reflect true pride of ownership and help minimize maintenance concerns. Tenants enjoy convenient access to Downtown Puyallup's shops, restaurants, parks, schools, and commuter routes, making this a highly desirable rental location. Whether you're looking to add a stable income-producing asset to your portfolio or seeking a quality investment in a strong rental market, this property offers an attractive combination of cash flow potential, excellent condition, and long-term value. Rarely does a turnkey triplex of this caliber become available in such a prime Puyallup location.

1010 W Pioneer, Puyallup

Listing courtesy of Cascade Properties & Invest..

$1,375,000

2540936 MLS ⋅ ACTIVE Status

Rare mixed-use investment opportunity offering the ideal blend of commercial visibility and residential income. This well-maintained property features a beautifully updated storefront with display windows, lobby, kitchen, and bathrooms - perfect for an owner-user or a variety of retail, office, or service businesses. Behind the commercial space are 4 units of varying sizes, including a spacious 3 bed/2 bath apartment ideal as an owner’s residence or premium rental. Interiors have been thoughtfully updated while maintaining character, creating attractive living spaces that tenants love. Amenities include on-site coin-operated laundry, basement storage, & off-street parking spaces. A corner lot with excellent street visibility create a lasting appeal for both commercial & residential tenants, helping support long-term occupancy. Strong income history with room for future upside makes this an outstanding addition to any portfolio, while the live/work potential offers flexibility that’s increasingly difficult to find. Located in Tacoma’s vibrant Three Bridges/North Tacoma neighborhood, you’ll enjoy a highly walkable setting surrounded by popular coffee shops, local restaurants, boutiques, salons, parks, and neighborhood services. Just minutes from the University of Puget Sound, Proctor District, 6th Avenue, Ruston Way waterfront, and major commuter routes, this location continues to attract both residential tenants and thriving local businesses.

2102 -2108 N Oakes Street, Tacoma

Listing courtesy of Keller Williams Rty Tacoma.

$485,000

2542643 MLS ⋅ ACTIVE Status

Hard to find a better duplex for this price. Brand new exterior paint. Units have been well maintained. Located close to Pacific Lutheran University and I-5. Each unit has a washer & dryer and all kitchen appliances. Patio off kitchen with fenced back yard. Always full. Bring your offer.

1701 1703 Garfield Street S, Tacoma

Listing courtesy of Crescent Realty powered by KW.

$998,750

2541782 MLS ⋅ ACTIVE Status

Turnkey investment opportunity in one of Lakewood's most sought-after rental pockets. This well-maintained fourplex features four 2BD/1BA units with in-unit washer/dryers. Three units are remodeled, leaving the fourth for immediate value-add upside. Excellent location just minutes from Joint Base Lewis-McChord (JBLM), Mount Tahoma High School, and Interstate 5. The property offers strong rental demand. Ample off-street parking and private patios complete an already compelling package. A rare chance to step into a largely stabilized asset with built-in growth potential - whether you're a seasoned investor or expanding your portfolio.

5607 76th Street W, Lakewood

Listing courtesy of Every Door Real Estate.

$750,000

2542334 MLS ⋅ ACTIVE Status

**Rare opportunity!** Spacious duplex on a large, level lot with an incredible amount of parking for each unit, including attached garages, abundant off-street parking, dedicated RV parking, and more. Perfect for investors or owner-occupants seeking flexibility and strong income potential. Double win on qn improved pricing AND newly renovated Unit A. **Unit A** has been tastefully updated on July 2026 with luxury vinyl plank flooring, fresh interior paint, an updated primary vanity, and more. **Unit B** is even larger and currently rented, providing immediate income. Unlike many duplexes, each unit lives like a single-family home with a bedroom, full bath, living room, and kitchen on the main floor, plus an oversized primary suite upstairs. Separate water and electric meters add convenience, while the well-maintained property offers attractive landscaping and generous outdoor space. Conveniently located near downtown Puyallup, shopping, dining, parks, transit, and major commuter routes. A rare investment opportunity with immediate cash flow and long-term upside.

219 7TH Street NE, Puyallup

Listing courtesy of Pellego, Inc..

$749,950

2541857 MLS ⋅ ACTIVE Status

Investor opportunity! Well-maintained 4-plex featuring four 2-bedroom, 1-bath units in a convenient Tacoma location. Strong value-add potential with long-term tenants and significantly below-market rents, offering investors the opportunity to increase cash flow over time. Current ownership has intentionally kept rents low for many years. All tenants are currently on month-to-month leases, providing additional flexibility for future management and rent adjustments. Recent major capital improvement includes a new roof installed in 2025. Each unit offers functional layouts, off-street parking, and strong rental demand in the area. Ideal for investors seeking stable occupancy today with the ability to enhance returns through future rent adjustments. Conveniently located near shopping, dining, schools, transit, and major commuter routes. Rare opportunity to acquire a 4-plex with immediate income and significant long-term growth potential.

7525 10th Avenue Ct E, Tacoma

Listing courtesy of TS Property Management.

$1,275,000

2521673 MLS ⋅ ACTIVE Status

Outstanding investment opportunity in this solid 4-plex, built in 2006 and showing like new. Configured as two duplexes on one lot but permitted as a fourplex, each unit offers a generous 1,234 square feet with 3 bedrooms and 2 bathrooms—plenty of space to attract quality, long-term tenants. The exterior has been well maintained throughout, minimizing deferred maintenance concerns for a new owner. Conveniently located near 47th and South Tacoma Way, with easy access to shopping, dining, commuter routes and right next to the local school bus stop. A great addition for investors seeking a turnkey property with strong bones and dependable rental appeal.

4552 S Puget Sound Avenue, Tacoma

Listing courtesy of Redfin.

$975,000

2539840 MLS ⋅ ACTIVE Status

Looking for a great investment? This super clean 4 plex is just what you've been waiting for. Each unit has 2 bedrooms and 1 bath, good size living area and dining area. All units are in great shape and the roof is only a few months old! All remodeled inside and out several years ago, but they are still looking like new. Quartz countertops, stainless appliances and white cabinets. Each unit has a patio or deck and small storage unit. Laundry room on each floor, lot's of parking, huge lot, partial fenced. Close to schools, shopping, restaurants, bus, Spanaway Lake and JBLM. Great location! If your looking to build your portfolio, come take a look. Ask your Realtor to see the supplements page attached to listing!

122 169th Street E, Spanaway

Listing courtesy of John L. Scott, Inc.

$3,800,000

2538805 MLS ⋅ ACTIVE Status

Built in 1968 and positioned on the corner of Carr Street and N 30th Avenue, Harbor View Apartments occupies one of Old Town Tacoma's most coveted residential addresses. The property's strategic location places residents at the heart of one of Tacoma's most vibrant and historically rich neighborhoods, with immediate access to the boutique shops, acclaimed restaurants, and waterfront amenities that define the Old Town experience. 6 of the 16 units have been recently renovated with modern finishes and in-unit washer & dryer. Many of the units enjoy sweeping water views of Commencement Bay. The property features a desirable unit mix of eight one-bedroom homes averaging 722 square feet and eight two-bedroom homes averaging 925 square feet, providing a well-balanced offering that appeals to a broad spectrum of renters. Currently 100% occupied, Harbor View demonstrates the enduring and consistent rental demand that characterizes well-located assets in supply-constrained submarkets. With in-place rents of approximately $24,400 per month against a market rent potential of approximately $30,000 per month, the property presents a compelling value-add opportunity with nearly $5,600 per month in proven rent upside through a thoughtful interior modernization program

2902 N Carr, Tacoma

Listing courtesy of Kidder Mathews.

$2,800,000

2538763 MLS ⋅ ACTIVE Status

Built in 1959 and representing the quintessential Tacoma brick construction, Viewcrest Terrace Apartments is a meticulously maintained asset that has stood the test of time - both in physical condition and locational relevance. The property sits on the corner of Tacoma's prominent 6th Avenue corridor and S Jackson Avenue, offering residents sweeping views of Puget Sound and the Narrows Bridge from one of the most coveted residential locations in the city. Despite its premier positioning, the property presents a compelling light value-add opportunity with approximately $4,000 per month in unrealized rental upside between current in-place rents and market rates. A targeted interior modernization program focused on updated finishes, fixtures, and unit upgrades provides a clear and executable path to capturing meaningful rent premiums — without the need for significant structural or exterior capital investment. The building's exceptional physical condition allows a new owner to focus exclusively on value creation rather than deferred maintenance

601 S Jackson Avenue, Tacoma

Listing courtesy of Kidder Mathews.

$565,000

2537943 MLS ⋅ ACTIVE Status

Prime location! Tucked away in a quiet cul-de-sac between Woodland and Canyon Road off 84th Street, this well-maintained duplex offers exceptional convenience just 2 miles from Hwy 512. A fantastic investment opportunity—add it to your portfolio or live in one unit while generating rental income from the other. Both units feature identical floor plans with spacious living rooms, large kitchens with white cabinetry, pantry storage, laminate flooring, and bright dining areas filled with natural light. Each unit offers two generously sized bedrooms, double closets in the primary bdrm, and an adjacent bathroom with a low-maintenance tiled shower. Situated on a sprawling, level lot that backs to a private, lush greenbelt, the property provides a peaceful setting with partially fenced backyards, a composite deck on the west side, and abundant off-street parking. Enjoy year-round comfort and energy efficiency with ducted forced-air heating and cooling—no wall heaters here! Each unit includes an attached one-car garage with laundry hookups. All kitchen appliances stay; washers and dryers belong to the tenants and are excluded from the sale. Conveniently located near shopping, dining, parks, walking trails, and with easy access to both Hwy 512 and I-5, this is an opportunity you won’t want to miss.

8224 59th Avenue E, Puyallup

Listing courtesy of Better Properties Real Estate.

$699,975

2537291 MLS ⋅ ACTIVE Status

Excellent Duplex Opportunity off Danforth Drive at 94th Ave. Each unit has been updated and is 2 bedroom per side with 1 bath per side, plus a den/office. Great investment property with strong consistent rental income. One unit is currently rented at $2,150 per month and the other new updated unit is $2,250 per month. Situated on a sunny one acres parcel with great drainage, this property offers low maintenance & minimal annual expenses. The property has easy to care for vinyl siding, nicely landscaped yards, adding to the overall value & ease of ownership. Easy rental history in this quiet serene area. Quiet low traffic area on a private road off Danforth Ave. Sunny southern exposure off the back porch/deck for entertaining and room to play and run. Strong rental appeal & returns make this an excellent rental property. Property is approximately 163 by 267 plus or minus.

13023 94th Avenue NW, Wauna

Listing courtesy of Windermere Prof Partners.

$479,950

2537642 MLS ⋅ ACTIVE Status

Location, Location, Location!!! This well-maintained and quality built brick duplex is adjacent to Pacific Lutheran University. The prime location offers easy freeway access, is approximately 15 minutes from Joint Base Lewis-McChord, and is within walking distance of restaurants, coffee shops, grocery stores and public transportation. Each unit has newer windows, large living room with fireplace (decorative only), dining area, spacious kitchen, laundry/mud room with access to back patio. Each unit features 2 spacious bedrooms with large closets and a full bathroom with tile countertops. Unit #712 is recently updated with beautiful new Luxury Vinyl Plank (LVP) flooring throughout and includes a new refrigerator and new dishwasher. Pride of ownership is evident throughout this well-maintained property. Whether you're seeking a solid investment, an owner-occupant opportunity, or a valuable addition to your real estate portfolio, this duplex offers quality construction, a prime location and excellent long term appeal.

710 -712 127th Street S, Tacoma

Listing courtesy of Keller Williams Realty.

$485,000

2536452 MLS ⋅ ACTIVE Status

Hard to find a better duplex for this price. Brand new exterior paint. Units have been well maintained. Located close to Pacific Lutheran University and I-5. Each unit has a washer & dryer and all kitchen appliances. Patio off kitchen with fenced back yard. Always full. Bring your offer.

1701 1703 Garfield Street S, Tacoma

Listing courtesy of Crescent Realty powered by KW.

$2,100,000

2535832 MLS ⋅ ACTIVE Status

Exceptional investment opportunity featuring 12 rental units across 6 duplex buildings, offering immediate income with significant upside potential. Centrally located with convenient access to shopping, services, and major transportation routes, this property is well-positioned to attract and retain long-term tenants. Each duplex consists of one 2-bedroom, 1-bath unit and one 1-bedroom, 1-bath unit, creating a desirable unit mix that appeals to a broad tenant base. Current rents are below market, presenting a compelling opportunity for a savvy investor to increase cash flow and improve overall returns. Several units have benefited from interior renovations, while portions of the exterior have been upgraded with new siding. Durable metal roofing, selective exterior improvements, and a straightforward design contribute to a relatively low-maintenance investment. An on-site laundry facility provides additional income potential for residents. Situated on a large parcel, the property appears to offer future development opportunities that could substantially increase income and overall value (buyer to verify all development potential and feasibility). Whether you're looking to expand an existing portfolio or acquire a value-add asset with multiple paths to increased returns, this property deserves serious consideration. Opportunities combining current income, rental upside, low-maintenance ownership, and potential future development are increasingly difficult to find.

11002 Idlewild Road SW, Lakewood

Listing courtesy of Keller Williams Rty Tacoma.

$929,000

2535378 MLS ⋅ ACTIVE Status

Completely updated in 2021. This 4-bedroom home lives like a 5 bedroom in a highly sought-after Puyallup neighborhood, featuring stunning Mt. Rainier views! The main level offers 3 bedrooms, a full bath, and a spacious open-concept kitchen with granite countertops, abundant cabinetry, and seamless flow into the large living and dining areas. Cozy up to the propane fireplace or enjoy entertaining in the bright, functional layout. Attached 1-car garage offers added convenience.The lower level has its own separate entrance and functions perfectly as an ADU or multi-generational living space. It includes 1 bedroom, a full bath, large kitchen area, spacious living room with propane fireplace, and an office that could serve as a second bedroom. Step outside and enjoy the full-length covered patio, perfect for year-round entertaining. Impressive 24' x 30' detached shop that is insulated and sheetrocked, complete with an 8-foot-deep storage area accessible from the outside of the shop. RV parking. Covered metal building to store all the toys and equipment. This versatile property offers endless possibilities for extended living, rental income, hobbies, or home-based business needs. Added development potential with a conceptual preliminary short plat already completed. 5 bedroom septic design and soil logs have been finished. There is potential for a duplex approval to be built on this property. (Broker and buyer to verify) Seller will pay buyers side of title and escrow.

11605 67th Avenue E, Puyallup

Listing courtesy of John L. Scott, Inc..

$679,999

2534334 MLS ⋅ ACTIVE Status

Investor ALERT!!! Looking for cashflow? Here's your opportunity to own these Zero lot line Duplex located in the core of Tacoma. 3 bedroom 2.5 baths each unit. Rents are below market rates and some sweat equity could maximize your potential earnings. Quick access to I-5, Hwy-16, Hwy 167, Tacoma Mall & EQC casino. This is 1/2 of two separate buildings, but one duplex. The lot line runs through the town homes and separate units 1608-1610A are not for sale. Each unit sits tandem (back-to-back).

1608 1610 E 34th Street Unit #B, Tacoma

Listing courtesy of Red Moon Realty.

$575,000

2532388 MLS ⋅ ACTIVE Status

Premium location! This is a wonderful opportunity to own a duplex in the heart of Puyallup! Whether you live in it or rent it out, this property will suit your needs. Recent upgrades include a new metal roof, new siding, new paint, new kitchens and appliances, and the list goes on! Located in a quiet well-established neighborhood, it is conveniently close to dining, parks, the bus station, shopping, WA state fair and top-rated schools less than half a mile away!

102 & 104 9th Street SW, Puyallup

Listing courtesy of Keller Williams Rty Tacoma.

$522,500

2533099 MLS ⋅ ACTIVE Status

Smartly designed single-level duplex with each unit joined by individual attached garages, allowing for extra peace and quiet thanks to no shared common walls with your neighbor. Excellent curb appeal and thoughtful touches from bay windows, archways and wood burning fireplaces make each space extra cozy and inviting. Shy half-acre lot provides a large level fenced yard for each resident plus additional spacious parking pad. Turn-key condition with strong rents and short vacancies. Moments from JBLM, shops, restaurants and commuter routes. Each unit has their own washer and dryer hook-ups. Owner pays water and sewer. Tenant pays electric and garbage.

13803 13805 11th Avenue Ct S, Tacoma

Listing courtesy of John L. Scott, Inc.

$715,000

2530961 MLS ⋅ ACTIVE Status

Here is your opportunity to own an income producing duplex tucked away on a quiet cul-de-sac in the desirable South Hill area of Puyallup. Each residence offers 2 bedrooms and 1.5 baths with a functional two-story layout designed for comfortable everyday living. Upstairs features two spacious bedrooms and a full bath, while the main level includes inviting living and dining spaces, a well-appointed kitchen, and a convenient half bath. Each side includes its own washer and dryer along with outdoor patio and backyard space. One residence offers a one-car garage, while the other includes a two-car garage, plus additional off-street parking for added convenience and strong tenant appeal. Ideally located near shopping, dining, schools, and everyday amenities with easy access to major commuter routes. An excellent opportunity for investors or owner-occupants seeking flexibility and long-term value in a strong rental location. Both residences are tenant occupied. Please allow 48-hour notice for showings. Possible VA assumable loan if buyer is qualified

13908 107th Avenue Ct E, Puyallup

Listing courtesy of John L Scott RE West Seattle.

$590,000

2529777 MLS ⋅ ACTIVE Status

This Central District charmer was once used as part of Lowell Elementary and now this historical home can be yours! Walk to UPS and 6th Ave while enjoying a beautiful neighborhood. This duplex's roof was replaced 5 years ago and recently updated 3 bedroom upstairs unit with new skylights, flooring, and appliances replaced in the past five years. The ground floor offers a large and spacious living room and spacious bedrooms. There is plenty of parking as well with an oversized 2 car garage and driveway. With great long term potential, this fully fenced corner unit home can be a great portfolio hold for years or a great place to live for an owner occupier. New furnace installed upstairs 08/26.

3322 3324 S 10th Street, Tacoma

Listing courtesy of Coldwell Banker Danforth.

$1,775,000

2525348 MLS ⋅ ACTIVE Status

$126K PER UNIT & 6.44% CAP RATE | Gen Villas is a cash-flowing value-add 14-unit apartment community situated on 2.62 acres in a serene creek-side setting surrounded by lush greenery in Lakewood, located less than 2 miles from Joint Base Lewis-McChord, Pierce County’s largest employer. The property consists of 14 units across two separate buildings: a 6-unit building located at the front of the property, originally constructed in 1972, and an 8-unit building situated at the rear of the property, built in 1955. The unit mix includes one 4-bedroom / 3-bathroom unit, one 3-bedroom / 1-bathroom unit, three 2-bedroom / 1-bathroom units, and nine 1-bedroom / 1-bathroom apartments. Seven units at the property have been updated to a similar finish level as photographed in Unit 5, featuring luxury vinyl plank flooring, fresh interior paint, and newer kitchen appliances and cabinetry. The opportunity exists for new ownership to complete cosmetic renovations to the remaining 7 units and increase rents approximately 17% to market. A Additionally, Units 1, 2, and 4 include in-unit washer and dryer stacks, while the remaining units benefit from access to an on-site community laundry facility. Residents benefit from an ample supply of off-street parking, including 6 carports and 3 surface parking stalls serving the front building, as well as an additional 16 surface parking stalls designated for the rear building.

12413 Bridgeport Way SW, Lakewood

Listing courtesy of Blake Investment Advisors.

$730,000

2521644 MLS ⋅ ACTIVE Status

This turn-key duplex building is fully leased and located in desirable Bonney Lake, just blocks from Lake Tapps and parks. Each unit contains 3 bedrooms, 2 full baths, a bonus room, a washer-dryer and a 2-car garage. The nicely appointed kitchens have dishwashers and abundant cabinet space. Relax or entertain on the deck, patio, or in the fully-fenced rear yard. From an investor's perspective, these modern buildings can make great investments and are located in a peaceful setting. Note: Rents scheduled to increase on 8/1/26 @ "7225" to 1975 + 175 utils = 2040/mo. Rents scheduled to increase on 9/1/26 @ "7223" to 1975 + 175 utils = 2040/mo.

7223 Vandermark Road E, Bonney Lake

Listing courtesy of PPS Homes.

$730,000

2521681 MLS ⋅ ACTIVE Status

This turn-key duplex building is fully leased and located in desirable Bonney Lake, just blocks from Lake Tapps and parks. Each unit contains 3 bedrooms, 2 full baths, a bonus room, a washer-dryer and a 2-car garage. The nicely appointed kitchens have dishwashers and abundant cabinet space. Relax or entertain on the deck, or in the fully-fenced rear yard. From an investor's perspective, these modern buildings can make great investments and are located in a peaceful setting.

7229 Vandermark Road E, Bonney Lake

Listing courtesy of PPS Homes.

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