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

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.

$845,000

2527663 MLS ⋅ ACTIVE Status

Rare opportunity to own a well-maintained duplex in the highly desirable Lake Tapps area, tucked away on a quiet dead-end street surrounded by mature trees and a peaceful neighborhood setting. Purchased from builder by sellers in 2003, this property has been an exceptional long-term investment with strong appreciation, reliable tenants, and steadily increasing rental income. Each spacious unit offers nearly 1400 sq ft with 3 bedrooms, 2.5 baths, full-size laundry, large primary suites with walk-in closets, private decks, backyards, and oversized 2-car garages, a combination that has made tenant retention remarkably strong. Current tenant in Unit 1 has been extremely reliable and would like to stay. The previous tenant in Unit 2 remained for 9 years. Unit 2 has recently been refreshed with new interior paint, new laminate flooring throughout the main level, new front-load washer and dryer, new water heater, and new range. Unit 2 also features granite countertops, while Unit 1 offers laminate flooring in the kitchen and dining areas. Entire building received a new roof and gutters in 2026. Neighborhood membership includes access to coveted Church Lake Park on Lake Tapps with private picnic areas, playground, + boat launch access, a rare amenity in an area with limited public lake access. Opportunity for either an investor seeking strong rental appeal and upside potential, or an owner-occupant looking to offset mortgage costs with built-in rental income.

7418 207th Avenue E, Bonney Lake

Listing courtesy of Rethinking Real Estate LLC.

$599,950

2525707 MLS ⋅ ACTIVE Status

Exceptional multi-family investment opportunity in the heart of South Tacoma’s thriving rental market. Located at 11901 Ainsworth Ave S, this income-producing property offers strong cash flow potential, consistent tenant demand, and long-term upside for investors seeking a high-performing asset.The property features functional unit layouts, ample parking, and convenient access to major commuter routes, JBLM, shopping, dining, and public transportation—making it highly attractive to renters. Tacoma’s continued population growth and limited housing inventory continue to support a strong rental market, positioning this property for stable occupancy and reliable income generation.Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or secure a property with future appreciation potential, this multi-family opportunity delivers the ideal combination of location, rental demand, and cash-flow performance. Don’t miss your chance to invest in one of Tacoma’s most active and growing rental corridors.

11901 Ainsworth Avenue S, Tacoma

Listing courtesy of Coldwell Banker Bain.

$575,000

2525050 MLS ⋅ ACTIVE Status

Prime multi-family investment opportunity in a high-demand Tacoma rental corridor. This income-producing property at 1205 130th St S offers investors the chance to secure consistent cash flow with strong occupancy potential and future appreciation upside. Featuring well-designed units, practical layouts, and desirable outdoor space, this property is positioned to attract long-term tenants and maximize rental income.Conveniently located near JBLM, major highways, shopping centers, schools, and public transit, the location supports continued tenant demand and stable returns. Ample parking and easy access add to the property’s overall appeal for both tenants and investors alike.Whether you're a seasoned investor looking to expand your portfolio or a buyer seeking a strong-performing asset with value-add potential, this Tacoma multi-family property delivers an excellent combination of cash flow, location, and long-term investment opportunity.

1205 130th Street S, Tacoma

Listing courtesy of Coldwell Banker Bain.

$550,000

2525044 MLS ⋅ ACTIVE Status

Excellent multi-family investment opportunity in South Tacoma offering strong cash flow potential and long-term upside. Situated on a spacious lot, this property features multiple income-producing units with functional layouts, comfortable living spaces, and strong rental appeal. Investors will appreciate the opportunity to generate steady monthly income while benefiting from Tacoma’s continued rental demand and growth.The property offers ample parking, outdoor space, and convenient access to shopping, schools, public transportation, JBLM, and major commuter routes—making it highly attractive to tenants. Whether you’re expanding your portfolio, house hacking, or seeking a value-add opportunity with future upside, this property presents flexibility and income potential in a desirable location.A rare chance to own a versatile multi-family asset with immediate revenue potential and room for future growth.

1206 Tule Lake Road S, Tacoma

Listing courtesy of Coldwell Banker Bain.

$660,000

2524895 MLS ⋅ ACTIVE Status

This duplex that sits on a large lot. A smart buyer could occupy one of the units and rent the other side, or an investor seeking rental income will like that both the exterior and interior of both units are in good condition and rented. The roof replaced in 2022. Each unit is 1309 sq ft, 2 BR/1.5 baths and each has a 1 car garage. The living rooms have a tall ceiling and a FP. Well equipped kitchens with all appliances and adjacent dining area. Each unit has a laundry room. Good value here on this duplex near Canyon Rd and the Summit area.

4605 73rd Street Ct E, Tacoma

Listing courtesy of Integrity Real Estate.

$1,400,000

2521302 MLS ⋅ ACTIVE Status

The Fircrest investment opportunity you’ve been waiting for! This well-maintained fourplex features four spacious units, each offering 2 bedrooms and 1.5 baths. Inside, tenants enjoy a highly desirable layout complete with a cozy fireplace, an eat-in kitchen with granite countertops, a formal dining room, a walk-in closet, and an in-unit washer/dryer. Capitalize on a turnkey property featuring covered carport parking and dedicated storage spaces.

1461 Rainier Court, Fircrest

Listing courtesy of Berkshire Hathaway HS NW.

$979,999

2520517 MLS ⋅ ACTIVE Status

Stunning Victorian 4-plex spread over two buildings that were fully rebuilt from the studs out in 2018. These units blend historic character with modern luxury! All units are fully furnished, and the sale includes all furniture, linens, dishware, décor and household essentials—offering a truly turnkey, income-producing highly rated vacation rental property from day one (ratings listed below). Each unit features its own in-unit washer and dryer. Prime Hilltop location with excellent walkability to the Tacoma light rail, convention center, UW Tacoma, and local museums, plus less than a mile from three major hospitals (about a 3-minute drive or 5-minute bike ride), making it highly desirable for traveling professionals and 30+ day furnished rentals. Thoughtfully designed unit mix offers strong income potential across all four units. Unit 1 features a spacious 1 bed/1 bath (900 SF) with open living and dining layout, sleeping 3 and averaging $2,838/mo (4.86/5 Star Rating). Unit 2 is the largest at 3 bed/2 bath (1,335 SF), sleeping 8, highlighted by partial Mt. Rainier views and two private decks, averaging $3,841/mo (4.9/5 Star Rating). DADU lower unit includes 1 bed/1 bath (600 SF), tile flooring in a sleek kitchen, sleeping 2, averaging $2,745/mo (4.85/5 Star Rating). Upper DADU is a cozy 1 bed/0.75 bath (600 SF), also sleeping 2, averaging $2,443/mo (4.84/5 Star Rating). Excellent opportunity for investor or house-hack buyer seeking strong in-place income and flexibility.

1214 S I Street, Tacoma

Listing courtesy of Kelly Right RE of Seattle LLC.

$1,399,900

2518189 MLS ⋅ ACTIVE Status

Don't miss the chance to use this incentive to make this great investment even better! Exceptional investment opportunity with this well-maintained 4-plex offering strong income potential and low owner expenses. Each of the four spacious units features 3 bedrooms and 1.75 bathrooms, designed to live like townhomes with only one shared wall for added privacy and comfort. Property highlights include a brand-new roof installed in 2025, attached one-car garages for every unit, and separate utility metering allowing tenants to cover their own utilities and keeping landlord costs minimal. Ownership is simplified with expenses limited primarily to insurance and property taxes. Ideally located near shopping, dining, schools, and major commuter routes, this property offers convenience tenants will appreciate and investors will value. A rare combination of size, functionality, and efficiency perfect for both seasoned and first-time investors.

4560 S Puget Sound Ave, Tacoma

Listing courtesy of Terrafin.

$1,099,000

2517607 MLS ⋅ ACTIVE Status

Turnkey Cash-Flowing Triplex. Mostly new 4Br2/Ba primary unit $7,700 monthly investor income or Owner-Occupied Ready! This rare triplex has strong rental income, premium finishes, and almost zero maintenance. Unit A & Unit B – Spacious 2-bedroom, 1-bath units with private balconies, each with 2 dedicated external parking stalls. Currently leased at $2,295/month each (total $4,590). Unit C – new+remodeled 4-Bedroom, 2-bath unit renting for $3,110/month. Features two hot water tanks, two washer/dryer hookups, its own internal parking spot, and a massive private internal storage unit. Total Gross Monthly Income: $7,700 – All units currently occupied and paying on time. Recent Upgrades Throughout the Entire Building: Full building professionally painted just 5 months ago. All-new windows installed within the last 20 months Roof only 3 years old + brand-new spray foam roof insulation State-of-the-art full 360° security system Epoxied garage floor with brand-new garage door opener. All appliances less than 3 years old Parking & Storage: Total of 8 parking stalls (7 external + 1 internal garage/generous private storage for Unit C). Modern, secure, fully leased, and nearly maintenance-free, cash flow immediately.

105 E 96th Street, Tacoma

Listing courtesy of Skyline Properties, Inc..

$629,000

2512903 MLS ⋅ ACTIVE Status

Positioned in a desirable South Tacoma location within unincorporated Pierce County, this tastefully updated duplex offers a rare blend of immediate cash flow and long-term development upside. Each unit generates approximately $1,700/month in reliable rental income, making this an attractive turnkey investment with strong in-place returns. The property has been thoughtfully upgraded with modern, higher-end finishes that appeal to quality tenants, helping ensure consistent occupancy and rental stability. What truly sets this property apart is its Urban Corridor (UC) zoning designation, opening the door to a wide range of future development possibilities. UC zoning is intended to support higher-density residential and mixed-use projects, allowing for potential redevelopment into multi-family housing, townhomes, or even a mixed-use building with commercial space on the ground level and residential units above (buyer to verify with Pierce County). This creates a compelling opportunity for investors and developers alike to capitalize on the area’s continued growth and demand for housing. Whether you choose to hold and enjoy steady income, or plan for a future redevelopment project, this property offers flexibility, strong fundamentals, and upside potential in a growing corridor. Opportunities like this—combining current performance with forward-looking potential—are increasingly hard to find.

10133 Patterson Street S, Tacoma

Listing courtesy of Triwood Realty.

$575,000

2515748 MLS ⋅ ACTIVE Status

Prime Downtown Puyallup investment opportunity! This fully renovated (2016) triplex at 232 4th Ave NW offers high rental demand near the Sound Transit station with just over 1,800 sq ft, boasting updated interiors while retaining classic charm in a walkable, top-tier location. The lot is zoned CBD (buyer to verify). There are two units downstairs and one upstairs. 100% new electrical and plumbing done in 2017.

232 4th Avenue NW, Puyallup

Listing courtesy of The Real Estate Firm.

$950,000

2515196 MLS ⋅ ACTIVE Status

Meticulously maintained duplex in Puyallup offering a rare investment opportunity with an estimated 5.5% cap rate. Ideal for owner-occupants or investors—live in one unit and generate income from the other, or lease both and expand your portfolio. Built in 2019, this rambler-style duplex sits on over ½ acre at the end of a quiet dead-end street, providing privacy with minimal traffic. Each unit features 2 bedrooms, 2 bathrooms, and just over 1,100 sq ft, along with attached 2-car garages. Thoughtfully designed with modern finishes, including LVP flooring, quartz countertops, stainless steel appliances, ductless mini-split systems, and in-unit washer/dryer. The primary suites include walk-in closets and double vanity sinks, offering both comfort and functionality. A detached shop/garage adds flexibility for additional income, storage, or workspace. Strong rental appeal—one unit already leased (secured within 24 hours)—making this a turnkey opportunity. Additional highlights include ample parking, RV parking with power hookup, and optional rental income from the detached garage. Bonus opportunity: The property is equipped with an additional 200-amp power service, originally planned for an ADU—offering future development potential for added value or income. Conveniently located just minutes from Costco, major freeways, shopping, and dining, this property combines seclusion, modern living, and income potential in one exceptional package.

12926 78th Avenue E, Puyallup

Listing courtesy of John L. Scott, Inc..

$719,950

2514952 MLS ⋅ ACTIVE Status

Beautiful corner lot duplex in Alderwood Estates neighborhood of South Hill! Property is one of a kind with over half an acre of manicured land, leaving ample room for storage, parking & potential future building or outbuildings. Many updates including newer appliances, water heaters, heat pumps, bathroom vanities, floors and more! Both units have their own laundry area and 1 car attached garage, spacious kitchens and great covered patio in a sizable backyard. Close to all the shops, restaurants, and amenities but far enough away from the action you can appreciate the home's quiet surroundings. Unit 15115 is 3 bed, 2 bath, and 1224 sqft. Unit 15117 is 2 bed, 1 bath and 1084 sqft. Both units are occupied- do not disturb tenants.

15115 129th Avenue E, Puyallup

Listing courtesy of Keller Williams Realty.

$950,000

2511533 MLS ⋅ ACTIVE Status

Four-plex! Located in Tacoma’s desirable North End, this property sits in a well established residential area known for its classic architecture, tree lined streets, and close proximity to local parks, schools, and everyday amenities. The neighborhood features a mix of historic and updated homes built between the late 1800s and early 2000s, contributing to its charming and timeless character. Nearby, residents enjoy access to shopping, dining, and recreation throughout the North End community. Unit one on the main floor has two bedrooms, one bath, a large living room and a bright and cheerful eat-in kitchen. Unit one has easy access to the fully-fenced backyard, four yard storage units and alley parking for 2 cars. Unit two is upstairs to the right, a one bedroom, one bath apartment, ready for some minor touchups. Unit three is also upstairs, another one bedroom, one full bath apartment with an open kitchen and living room. The fourth unit is a two story ADU with a separate entrance from the alley, one bedroom, and one bathroom, the kitchen has tons of storage, the in-unit laundry is on the main floor and the lofted bedroom upstairs makes for a cute and flexible unit. The main house basement is semi-finished, with laundry and storage or studio space. Two of the units are rented by long-term tenants who wish to continue their leases.

612 N Oakes Street, Tacoma

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$674,950

2492239 MLS ⋅ ACTIVE Status

HOUSE HACKERS AND INVESTORS! Don’t miss out on this opportunity to own a duplex w/ a 3rd detached unit in South Tacoma! Spacious 3 bed 1 bath unit + 2 bed 1 bath unit in the duplex and a studio for the 3rd unit! Fully fenced yard for the upstairs unit and a fireplace! Off street parking out back for the downstairs tenant and 3rd unit! The convenient location nearby freeway access, shopping, restaurants, entertainment, DT, and more makes for good rental and good living! Dedicated laundry in each unit! Upstairs 3 bed 1 bath is vacant and ready to move in and offset your mortgage with the other units combined rent of $2,995!! Or rent out to cashflow! Potential condoization for even more opportunity? Buyer to verify!

4822 S L Street, Tacoma

Listing courtesy of Theory Real Estate.

$599,950

2512006 MLS ⋅ ACTIVE Status

Discover the perfect blend of elegance & functionality in this traditional hilltop home! Enjoy breathtaking views of Mt. Rainier, the City and Commencement Bay from the comfort of your home. Open concept living room and kitchen with new vinyl plank flooring guiding you up the curved staircase to the primary bedroom & private bath. The daylight basement features new carpet and an optional ADU, ideal for additional income or multi-generational living. Conveniently located near downtown Tacoma and easy access to I-5. This residence is a haven of comfort & convenience.

1109 E 31st Street, Tacoma

Listing courtesy of Realty One Group Pacifica.

$719,000

2509011 MLS ⋅ ACTIVE Status

Live for Less, Invest for More: Turnkey Gig Harbor Duplex for $719,000! Perfect for house hacking or a powerhouse addition to your rental portfolio, this well-maintained corner-lot duplex offers the ultimate blend of lifestyle and cash flow. Live in one side and let the current rental income of nearly $2,300/month significantly offset your mortgage, or capitalize on a high-yield asset in a premier Pacific Northwest location. Each highly desirable unit feels like a private townhome, featuring 2 spacious bedrooms, 1.5 baths, an attached garage, and its own fully fenced backyard with a patio for ultimate privacy. Positioned just minutes from Highway 16, prime shopping, and dining, this turnkey property guarantees consistent tenant demand, low-maintenance landscaping, and a solid rental history. Whether you are looking to drastically cut your living expenses by occupying a unit or seeking a reliable, long-term investment in a highly coveted market, this Gig Harbor gem is a smart, strategic move.

3801 54th Street Court NW, Gig Harbor

Listing courtesy of KW Greater Seattle.

$529,500

2508069 MLS ⋅ ACTIVE Status

Quality Duplex with room for expansion! Income producing duplex with recent upgrades and an extra large lot. New roof in March 2026! Unit 10002 features 3 bedrooms, Jack-n-Jill full bath. 1 car garage, sporting all new windows April 2026. Unit 10004; 2 bedrooms, 1 bath, 1 car garage, remodeled in 2022, new carpet, paint, fixtures. Fenced front and back yards. Special shaped parcel (West Side of the lot, approx. 52x114') may allow for a 3rd Unit/Townhouse style or additional garage space, or potential split-off and sell to a neighbor. Located behind fenced yard of unit 10002, overgrown with bushes. There are newer homes to the North and new homes being built on East side. Great upcoming neighborhood. Connected to sewer. Viewing - Preapproval letter or Evidence of Funds prior to showing appointment. 72 hour Business Day notice required thru Property Management. No weekend showings due to property management attendance required. Both units are Tenant occupied. Kindly do not disturb. Buyer to verify all information to their own satisfaction.

10002 10004 Barnes Lane S, Tacoma

Listing courtesy of Windermere Prof Partners.

$439,950

2508925 MLS ⋅ ACTIVE Status

Thoughtfully renovated from top to bottom, this classic duplex has been extensively upgraded, creating a move-in-ready property that feels nearly new throughout. This well-maintained property features two spacious units, each offering 2 bedrooms and 1 full bathroom. Both units provide comfortable living with newer flooring, appliances, and thoughtful improvements throughout. Significant updates include a new sewer line (2023), new roof and gutters (2022). 2017 improvements include new appliances, windows, doors, flooring, kitchen countertops, bathroom fixtures, wall heaters, water heater and electrical panels. This prime duplex is centrally located with quick access to the freeway, commuting is a breeze. This updated property presents an ideal opportunity. Don’t miss out!

3703 S Manitou, Tacoma

Listing courtesy of Better Properties N. Proctor.

$565,000

2503329 MLS ⋅ ACTIVE Status

Two units, one smart investment, welcome to your next cash-flowing property in Lakewood! This well-maintained 2,360 sq ft duplex at 5907-5909 111th St Sw offers endless potential for investors, multi-generational living, or owner-occupants looking to offset their mortgage. Each spacious unit features 2 large bedrooms, 1.5 bathrooms, and a bright, inviting living room centered around a cozy fireplace. The layout boasts a large kitchen space with ample storage, plus a separate laundry room and half-bath on the main floor. Upstairs, you'll find two generously sized bedrooms and a full bathroom, providing comfortable separation of space. Situated on a large 8,316 sq ft lot, the property includes a fully fenced yard, newly replaced water heaters, updated bathroom (5909), new carpet, a patio, and abundant parking with up to 8 spaces (including carports). Well maintained to ensure it's move-in ready. In a prime location situated in the desirable Lakeview neighborhood, this duplex is just minutes from Joint Base Lewis-McChord (JBLM), making it a highly sought-after rental. Enjoy walking distance to Clover Park High School, local parks, and the Lakewood Towne Center. Commuting is a breeze with quick access to I-5 and Bridgeport Way. Whether you're looking to live in one unit and rent the other, accommodate extended living, or add a solid cash-flowing asset to your portfolio, this duplex delivers. Don't miss out on this rare Lakewood property!

5907 to 5909 SW 111th Unit #07-09, Lakewood

Listing courtesy of Keller Williams West Sound.

$525,000

2504505 MLS ⋅ ACTIVE Status

New price! Great older 4-plex on .4276 acre with potential for more development. Current zoning is Urban Corridor in the Parkland-Spanaway-Midland Communities Plan. 3 units are 2 bedroom and 1 bath, and one unit is 1 bedroom and 1 bath. Large yard with detached 4 car building. Common coin-operated laundry. Easy access to JBLM, Hwy 12, I-5, stores and restaurants.

9906 Croft Street S, Tacoma

Listing courtesy of Van Dorm Realty, Inc.

$750,000

2502777 MLS ⋅ ACTIVE Status

Great investment opportunity in University Place. This property comprises three units, designed to cater to a range of tenants—from cozy studios to a spacious 4-bedroom home. The interiors have been recently upgraded with LVP flooring, appliances, and in-unit washer/dryers. Below market rents offer room for growth. Whether you’re a seasoned investor or just starting out, this property presents an excellent opportunity to grow your portfolio. Act now and secure your foothold in this thriving market!

3119 Bridgeport Way W, University Place

Listing courtesy of TS Property Management.

$799,950

2502194 MLS ⋅ ACTIVE Status

INVESTORS & HOUSE HACKERS - this is perfect for you! Great investment or a primary home that provides income opportunity to offset your mortgage! This 4 plex in South Tacoma checks all opportunity boxes! Each unit is about 850+ SF. There are (2) 2 bed 1 bath units and (2) 1 bed 1 bath units. Upstairs units each have private decks! Updates throughout include some paint, flooring, kitchens, bathrooms, & grounds! Plenty of off street parking off the alley for about 12 cars for tenants & guests! Coin operated on site laundry conveniently for tenants & additional income. There are also 5 large ~10x10 storage units for your tenants & management/owner! Section 8 approved! Minutes away from freeway access, DT Tacoma, bus & train station, shopping, entertainment, food, & more! Don’t miss out on this opportunity!

3572 3574 E F Street, Tacoma

Listing courtesy of Theory Real Estate.

$1,194,999

2500941 MLS ⋅ ACTIVE Status

Motivated seller invites you to experience this thoughtfully updated water-view home, then stroll along the private community beach just moments from the front door. Launch a kayak, beachcomb the shoreline, or simply watch boats, harbor seals, bald eagles, and the ever-changing marine life of Colvos Passage become part of everyday living. Inside, peaceful water views are framed by a wall of windows that fills more than 3,100 SF of flexible living space with natural light. Zoned as a duplex, the home offers exceptional versatility with a walk-out lower level featuring a separate entrance, dedicated parking, private outdoor living space, and an adaptable floor plan. The open-concept main level showcases a gas fireplace framed by illuminated built-ins, a chef’s kitchen remodeled in 2022, and a casual dining nook. The spacious primary suite offers water views, private deck access, a walk-in closet, and an ensuite bath with soaking tub. Remodeled in 2023, the lower level includes a beautifully updated full kitchen, comfortable living spaces, bedrooms, baths, a covered patio, and independent climate control. Each level has its own washer and dryer. An attached two-car garage, generous storage, and a peaceful North Gig Harbor setting approximately 10 minutes from Highway 16 complete the home. Seller welcomes all reasonable offers.

12421 6th Avenue NW, Gig Harbor

Listing courtesy of Windermere Prof Partners.

$879,000

2499387 MLS ⋅ ACTIVE Status

Lender-Paid 1-0 Temporary Buydown available with Preferred Lender on a Conventional Loan! Whether you're looking to offset your mortgage by living in one unit or expand your investment portfolio, this University Place duplex delivers exceptional flexibility. Vacant Unit B is ready for immediate occupancy or leasing, while spacious layouts, attached garages, and a private setting create a lifestyle rarely found in multifamily properties. Recent improvements include exterior paint, a newer furnace, and water heater for added peace of mind. Seller is offering a $4,000 credit at closing as an added incentive for the next owner. Conveniently located just minutes from UP Town Center, Chambers Bay, parks, shopping, dining, Tacoma, and JBLM, this is a unique opportunity to own in one of the area's most desirable communities.

3023 Bridgeport Way W Unit #B, University Place

Listing courtesy of Hawkins Poe.

$5,500,000

2495107 MLS ⋅ ACTIVE Status

Grande Terrace is a well-maintained 20-unit multi-family investment consisting of five 4-unit complexes with 2-bed/1-bath floor plans. This property is fully occupied with a stable tenant base and strong cash flow. The property is in excellent condition with recently replaced water tanks and heaters, no outstanding maintenance issues, and minimal owner responsibilities since tenants cover all utilities. This is an ideal turnkey investment for investors seeking passive income and reliable returns in the Tacoma market.

5201 - 5215 S Orchard Street, Tacoma

Listing courtesy of VPMG Property Management.

$528,900

2500041 MLS ⋅ ACTIVE Status

Tacoma Duplex!!! This hard to find duplex offers a ton of opportunities for all buyers!!! Great for generational living, having 2 seperate units! First time buyers, live in one and rent the other for extra monthly income!! Investors duplex has very low vacancy rate and has room to raise the rent, detached garage could be converted into ADU/DADU. Both units have been updated in the last 3 years including flooring, paint in/out, appliances, gutters, roofing, baths, cabinets, and much more!!!! Individually fenced yards are great for pets! This duplex sits on a large corner lot having plenty of parking on site or off street. Located close to shopping and commuting making this duplex that much more enjoyable for owners and tenants!!! DON'T MISS THIS ONE!!!!

3303 S 64th Street, Tacoma

Listing courtesy of John L. Scott R.E. Lake Tapps.

$650,000

2496801 MLS ⋅ ACTIVE Status

Well maintained triplex in the heart of the Lincoln district. Rents are slightly lower than market rate, but building has 100% occupancy. All three units metered separately. Location is great for commuters and/or JBLM.

3827 S K Street, Tacoma

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$725,000

2496839 MLS ⋅ ACTIVE Status

This beautifully updated fourplex is ready for its new owner! Building has been 100% occupied. Location is great for commuters and/or JBLM. Tenants have been long term. Each unit is 2 bedroom 1 bath. Off street parking.

3321 S Asotin Street, Tacoma

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$500,000

2496836 MLS ⋅ ACTIVE Status

Two units in one! Main house is 4 bedrooms/ 2 baths at 1816 square feet. Second building behind house is 3 bedroom/1 bath at 1100 square feet. Both buildings currently are rented, but would be a great property to live in one and rent the second one! Well maintained and recently updated. Location is great for the commuter and/or JBLM. Buildings have had 100% occupancy.

3812 S Thompson Avenue, Tacoma

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$400,000

2496835 MLS ⋅ ACTIVE Status

Lovely duplex in the heart of the Lincoln district. Each unit has its own garage with w/d. Units metered separately. Units were recently updated. Building has had 100% occupancy. Location is great for a commuter and/or JBLM. Walkable to shopping and restaurants. One level living. Both units are 2 bedrooms 1 bath. Currently has long term tenants.

1561 S 35th Street, Tacoma

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$700,000

2498485 MLS ⋅ ACTIVE Status

Great Opportunity with this Performing Duplex Plus Detached Single-Level Home! Perfect for house hacking, multi-generational living, or a wonderful addition to your investment portfolio. Each unit offers 2 bedrooms, 1 bath & functional single-level living, with its own private garage. The detached home is 1,240 SF & each side of the duplex is 948 SF. Situated on a large lot, nearly an acre in size, with potential for future development or expansion (buyer to verify). Well water & septic systems help keep operating expenses low, enhancing your overall returns. Offered at nearly a 6% cap rate with room for rent growth, this property offers both immediate income & long-term appreciation potential in a desirable location for stable tenancy. Opportunities like this don't come often!

9210 9212 204th Street E, Graham

Listing courtesy of Keller Williams Rty Tacoma.

$1,650,000

2497467 MLS ⋅ ACTIVE Status

Location, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4,584SF U-Shape Courtyard building, 19,200SF Parcel with 2 two-bedroom Apartments & 6 one-bedroom Apartments, Zone C1, located in the heart of Lakewood, Across from St. Clare Hospital. Well maintained, 1-story Brick Building, private courtyard, large playground area with fully fence with security gates, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure. Current rents are below market. With highly Rent demand, it has plenty of room to increase income, plus coin-operated laundry machines. This Multi-Fam Building is on Lakewood Commercial Core, surrounded by businesses, shopping centers, residential developments; minutes to I5, JBLM, Military Bases, Towne Center.

4902 111th Street SW, Lakewood

Listing courtesy of HDN Real Estate.

$950,000

2497615 MLS ⋅ ACTIVE Status

Outrageous cash-flow opportunity in a prime Hilltop location near the light rail and hospitals! This fully furnished 4-plex offers 2,360 square feet of living space, delivering exceptional income potential. The property features two 2-bedroom units and two 1-bedroom units, all recently updated for modern appeal. The 1-bedroom units each feature en-suite layouts, and one unit even enjoys a rare peekaboo view of Mount Rainier. Major capital improvements have already been completed in the last few years, including roof, sewer, partial plumbing and electrical, and heaters. Additional features include shared washer/dryer, ample basement storage, and strong upside potential. With below-market rents, there is clear room for increased income. The flexible setup creates endless possibilities: continue as furnished rentals, explore short-term rental potential where permitted, and/or owner-occupy while generating strong rental income. Conveniently located with easy access to downtown, major commute routes, and light rail. Add this high-performing income property to your portfolio today.

901 S Grant Avenue, Tacoma

Listing courtesy of Keller Williams Rlty Bellevue.

$779,000

2494752 MLS ⋅ ACTIVE Status

Charming Titlow duplex with detached 3-car garage just blocks to the beauty of Titlow Beach and park. Each 1 bed / 1 bath unit has been refreshed with new interior paint, durable LVP flooring and thoughtful updates to create move-in ready living spaces. New exterior paint for fresh curb appeal and each unit offers its own sewer line and separate gas, and electric meters for efficiency. Great opportunity for income and flexibility- live in one unit while renting the other or lease both for steady returns, with added potential to generate extra income by renting out the spacious 3 car garage for storage or parking. Don’t miss your chance to own this versatile and well-located property!

1536 -1538 S Walters Road, Tacoma

Listing courtesy of Keller Williams Rty Tacoma.

$449,950

2492238 MLS ⋅ ACTIVE Status

HOUSE HACKERS - this property is a great way to offset your mortgage living on one side and continue renting the other! INVESTORS - this a great turn key rental to add to your portfolio that even has potential to push rent higher! Unit 1 is a 1 bed 1 bath and Unit 2 is a 2 bed 0.75 bath. The property has been updated with LVP flooring, paint, and appliances! Conveniently located near the Tacoma Link Light Rail, UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Potential condoization for even more opportunity? Buyer to verify!

1123 S M Street, Tacoma

Listing courtesy of Theory Real Estate.

$750,000

2492608 MLS ⋅ ACTIVE Status

$6,250 per month in occupied rents! Huge 140 x 120 building ready lot with septic already installed! Views of Mt Rainier & the Cascades. Excellent neighborhood with close access to freeways & the Puyallup S.D. Discover this incredible investment opportunity featuring multiple income producing units. This property delivers strong cash flow & is near everything you need! This is a rare opportunity combined with a great location. Main home is 2-bedroom, 1-bath, currently rented at $1,750/month. The 1,800 sq ft heated garage with 600 sq ft of office or additional storage space is currently rented for $2,750/month and offers 2 oversized 14' tall x 12' wide doors, a half bath, fully insulated, ready for engine hoists & equipped with 320 amp power. A fully remodeled 1-bedroom, 1-bath non-conforming ADU, attached to the rear of the large shop, also generates $1,750/month.

7415 100th Street E, Puyallup

Listing courtesy of Terrafin.

$479,999

2490633 MLS ⋅ ACTIVE Status

EXCELLENT OPPORTUNITY to Own This Fully Updated Tacoma Duplex, in the Heart of Tacoma’s Vibrant Hilltop Neighborhood. Ideal for House Hacking or Expanding Your Rental Portfolio. Two Fully Independent Units with Private and Separate Entrances, Fully Equipped Kitchens, ALL Appliances, Washers and Dryers, and Comfortable Living Quarters. Unit B on the Main Level Has High Ceilings, Two Bedrooms and Large Open Kitchen. Upper-Level Unit A Has One Bedroom and Galley Kitchen. Updates Include Newer Roof, Electrical, and Plumbing, plus Ductless Mini-Split System in Unit B Providing Heating and Cooling. Enjoy Care-Free Backyard, Parking Spaces for Four Cars to Park with Alley Access, Two Cars Tandem for Each Unit. This Duplex Offers Versatility with Ease of Maintenance; it's All Been Done and Ready to Cash Flow! Close to Everything – DT Tacoma, UW Tacoma, Tacoma Dome, Hospitals, I-5, and More. Outstanding Value in a Growing Neighborhood. Don’t Miss This One for Your Portfolio!

2529 S G Street, Tacoma

Listing courtesy of Real Broker LLC.

$425,000

2490652 MLS ⋅ ACTIVE Status

Investment alert! Great opportunity to add to your investment portfolio. This duplex is tenant occupied with two spacious 2 bed 1 bath units. Resting on a larger lot, this property is centrally located to schools, shopping, and freeway access, all minutes away.

6604 S Madison Street, Tacoma

Listing courtesy of John L. Scott, Inc..

$1,875,000

2486221 MLS ⋅ ACTIVE Status

GREAT INVESTMENT, FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics, fresh salt air & more. Also close to Fort Steilacoom Park & just a 10 minute drive to Chambers Bay Golf. This Prime location is also close to Lakewood, University Place & McChord Air Force Base, in a quiet and quaint neighborhood within the Historic little town of Steilacoom. Duplex-style architecture, yet the property was developed as Condo Units in 2008 and has always been owned by a single investor versus 3 or 6 investors ... Current owner considering breaking into 3 Duplex Units if not sold to one investor who wants to own and manage the whole property with all 6-units, so don’t delay if you want to own all 6 in this great location! Updated roofs, windows, stainless appliances including W/D & microwaves in each unit, vinyl plank flooring, mini-split heat & A/C, + each unit has a deck w/ storage unit. 6 tax parcels for PSA. PLEASE Do Not Disturb Tenants! Access to interiors upon mutual acceptance on an acceptable PSA. 3-D Tour uploaded + Tour Video. Fidelity T&E.

814 5th St, Steilacoom

Listing courtesy of Coldwell Banker Danforth.

$3,180,000

2477546 MLS ⋅ ACTIVE Status

CHRISTINE ESTATES consists of 4-DUPLEXES (8-UNITS). All Four Duplexes are identical (facing the front of the duplex: left units have 1065-sf and the right units have 1076-sf. The duplexes are 1-story with Vaulted Ceilings in the Main Living Areas. The High Ceilings and Open Main Living Areas are impressive. Upgraded Cabinets, Stainless Steel Appliances, Quartz Counter-tops, Large Island with Eating Bar plus 5-foot Pantry will make this Kitchen will make for long term Tenancies. Large Primary Suite with Private Full Bath. Units are heated & cooled by a Ductless Heat Pump with additional Cadet Wall Heaters in Bedrooms. Single car garages plus 2 uncovered onsite parking spaces for each Unit plus new paved street parking with vertical curbs & sidewalks for additional guest parking. Surrounding Neighborhood is very nice, well maintained and mostly newer homes. Irrigated front yard Lawns and Landscaping separate each of the two Driveways for each Duplex for a clean, well kept, beautiful appearance. The Project is located 10-15 minutes from JBLM and close to shopping, schools, eateries, theaters & medical services including St Claire's Hospital. The Duplexes are almost 3-years old and during that time only 2-Units have turned over Tenancy.

5702 5708 79th Street W Unit #A & B, Lakewood

Listing courtesy of Harvest Realty, Inc.

$675,000

2476769 MLS ⋅ ACTIVE Status

SELLER Says SELL!! 2 bed with 2 bath and office per side!! Turn key Updated duplex featuring a new kitchen with quartz countertops and vinyl plank flooring on the main level. The main floor includes a dedicated Office, ¾ bath, and laundry. Upstairs offers 2 bedrooms with a shared full bath. Each unit has a private backyard with patio and a one-car garage. HOA covers water, sewer and landscaping for easy, low-maintenance living. Roof installed in 2018. Well maintained street of duplex's!!

9819 148th Street Ct E, Puyallup

Listing courtesy of Redfin.

$1,499,999

2468619 MLS ⋅ ACTIVE Status

Value-add mixed-use multifamily opportunity along the Pacific Avenue corridor, suited for an investor focused on lease-up, income stabilization, and operational improvement. The property includes 10 residential units with street frontage featuring a minimart and convenience store component. The residential units offer upside through leasing activity, while the commercial frontage provides additional income potential along a high-traffic corridor. The property provides ample on-site parking and is conveniently located near major arterials and daily services. Well suited for an investor seeking steady income with incremental upside and long-term mixed-use flexibility.

9618 Pacific Avenue, Tacoma

Listing courtesy of Engel & Voelkers Seattle DT.

$2,999,999

2468356 MLS ⋅ ACTIVE Status

Value-add multifamily opportunity on a 0.809-acre parcel along the Pacific Avenue corridor, well suited for an investor focused on renovation completion, lease-up, and long-term income growth. The property consists of three buildings totaling 21 units. The front buildings include 12 one-bedroom units, seven of which have been recently remodeled, with additional units in various stages of renovation. All three buildings have been repainted recently. New roofs have also been installed on the two single-story buildings on the property. The third building is a three-story structure built in 1989 with nine spacious two-bedroom units. The property offers on-site laundry and ample parking and is conveniently located near retail, dining, transit, and daily services.

7603 Pacific Avenue, Tacoma

Listing courtesy of Engel & Voelkers Seattle DT.

$21,500,000

2468328 MLS ⋅ ACTIVE Status

Joint Venture Development Opportunity. Mount Bay Apartments is a permit-ready, fully bid, and shovel-ready 307-unit workforce housing development in the heart of Tacoma’s Transportation District. One block from Tacoma Link Light Rail, Sounder, Amtrak, and Greyhound, the project delivers unmatched regional connectivity to downtown Tacoma, Seattle, and Portland—driving strong demand, high occupancy, and long-term value. Designed for working professionals and essential workforce residents, the community features two landscaped courtyards, convenience retail, below-grade parking, a welcoming lobby, fitness center, shared workspace, and a seventh-floor indoor/outdoor sky lounge. The project is fully aligned with Tacoma’s urban revitalization vision while addressing a critical housing need. Mount Bay Apartments offers a compelling, defensive multifamily investment with predictable cash flow, downside protection, and meaningful upside. Workforce housing has consistently outperformed luxury assets across market cycles, delivering stable occupancy even in economic downturns. An eight-year property tax abatement enhances early-year cash flow and improves overall returns, while long-term appreciation is supported by sustained infrastructure investment and neighborhood transformation. This is an exceptional opportunity to partner in a transit-oriented, tax-advantaged asset positioned to generate reliable income and lasting value in one of Tacoma’s fastest-growing urban corridors.

301 E 26th, Tacoma

Listing courtesy of Crestview Realty Advisors.

$1,330,000

2467083 MLS ⋅ ACTIVE Status

Investor Alert! Rare opportunity to acquire two one-story triplexes totaling 6 units in a highly convenient Tacoma location. These income-producing, hard-to-find assets feature three 2-bedroom / 1.5-bath units per building, each with washer/dryer hookups.Recent improvements include new roof and gutters, fresh exterior paint, and interior updates throughout. Each unit is equipped with carport parking and dedicated storage. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. Buildings may be sold separately, offering flexibility for owner-occupants to live in one unit and rent the others, or for investors seeking stable cash flow.

6905 6909 S Madison, Tacoma

Listing courtesy of Lee & Associates Commercial RE.

$665,000

2467079 MLS ⋅ ACTIVE Status

Rare one-story triplex in a highly convenient Tacoma location. This income-producing, hard-to-find asset features three 2-bed/ 1.5-bath units, each equipped with washer/dryer hookups. Recent improvements include a new roof and gutters, along with interior updates throughout. The property offers carport parking with dedicated storage for each unit and includes a move-in-ready unit, providing excellent flexibility for owner-occupants or investors. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. An identical adjacent triplex at 6909 Madison is also available, presenting a rare opportunity to acquire one or both properties.

6909 S Madison, Tacoma

Listing courtesy of Lee & Associates Commercial RE.

$1,300,000

2467071 MLS ⋅ ACTIVE Status

Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!

1405 Martin Luther King Jr Way, Tacoma

Listing courtesy of Theory Real Estate.

$665,000

2467036 MLS ⋅ ACTIVE Status

Rare one-story triplex in a highly convenient Tacoma location. This income-producing, hard-to-find asset features three 2-bed/ 1.5-bath units, each equipped with washer/dryer hookups. Recent improvements include a new roof and gutters, along with interior updates throughout. The property offers carport parking with dedicated storage for each unit and includes a move-in-ready unit, providing excellent flexibility for owner-occupants or investors. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. An identical adjacent triplex at 6909 Madison is also available, presenting a rare opportunity to acquire one or both properties.

6905 S Madison, Tacoma

Listing courtesy of Lee & Associates Commercial RE.

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