602 S 108th Street, Tacoma, WA 98444
- $650,000
- 2,390
- SqFt
Listing courtesy of COMPASS. Selling Office: COMPASS.
- Sold Price
- $650,000
- List Price
- $700,000
- Status
- SOLD
- MLS#
- 2339341
- Closing Date
- Aug 25, 2025
- Days on Market
- 111
- Style
- 53 - Tri-plex
- Building Condition
- Fair
- Finished SqFt
- 2,390
- Area Total SqFt
- 2390
- Annual Tax Ammount
- 4936
- Lot Size (sq ft)
- 12,720
- Sewer
- Sewer Connected
Property Description
Seize an exceptional investment opportunity with this fully occupied triplex, currently operating as transitional housing and generating an impressive $43,661 in annual NOI. Situated on a large corner lot, the property features three standalone units: a 3-bed/1-bath unit (1,150 SF), a 2-bed/1-bath unit (660 SF), and a 1-bed/1-bath unit (550 SF). The spacious lot provides generous outdoor space, ideal for tenant gatherings, recreational use, or potential future development with an appealing NMSF zoning. With stable occupancy and mission-aligned operations in place, this is a rare chance to acquire a high-performing, socially impactful asset offering reliable income and long-term potential.
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Additional Information
- List Date
- 2025-05-06 00:00:00
- Community
- Parkland
- Net Operating Income
- $43,661
- Gross Adjusted Income
- $43,661
- Gross Scheduled Income
- $58,306
- Insurance Expenses
- $7,800
- Water/Sewer/Garbage Expenses
- $3,236
- Gross Rent Multiplier
- 12
- Total Expenses
- $22,444
- Cap Rate
- 6
- Total Number of Units
- 3
- Unit Name
- 602
- Potential Terms
- Cash Out, Conventional, Rehab Loan
- Year Built
- 1950
- Roof
- Composition
- Site Features
- Fenced-Partially, RV Parking
- Electric Expenses
- 3236
- Energy Source
- Electric
- School District
- Franklin Pierce
- Gross Scheduled Income
- $58,306
- Gross Adjusted Income
- $43,661
- Tax Year
- 2024
- Insurance Expense
- $7,800
- W/S/G Expenses
- $3,236
- Total Expenses
- $22,444
- Net Operating Income
- $43,661
- Gross Rent Multiplier
- 12
- Cap Rate
- 6
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.