1122 Lafayette St S Unit #1-4, Tacoma, WA 98444
- $690,000
- 2,546
- SqFt
Listing courtesy of Berkshire Hathaway HS NW. Selling Office: HomeSmart Real Estate Assoc.
- Sold Price
- $690,000
- List Price
- $700,000
- Status
- SOLD
- MLS#
- 2438390
- Closing Date
- Feb 25, 2026
- Days on Market
- 110
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 2,546
- Area Total SqFt
- 2546
- Annual Tax Ammount
- 6603
- Lot Size (sq ft)
- 7,000
- Sewer
- Available
Property Description
Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 5.08% CAP RATE with upside potential!! Each unit is single-level, 1 bed/1 bath, with proven 0% vacancy rate. Recent improvements include a brand-new metal roof, refreshed exterior, and two updated units with luxury vinyl plank flooring and new paint. Added income from on-site coin-op laundry plus private storage for each unit. A hedge against inflation, this property produces steady monthly cash flow and offers tax advantages. With strong occupancy, rental demand, and income streams, it combines reliability with growth potential. Prime location near a new elementary school, PLU, JBLM, retail, dining, and quick access to WA-512 & I-5. Please do not disturb occupants.
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Additional Information
- List Date
- 2025-11-07 00:00:00
- Community
- Parkland
- Net Operating Income
- $37,091
- Gross Adjusted Income
- $56,400
- Gross Scheduled Income
- $56,400
- Total Monthly Income
- $4,700
- Insurance Expenses
- $2,492
- Water/Sewer/Garbage Expenses
- $5,414
- Gross Rent Multiplier
- 12.94
- Total Expenses
- $19,309
- Cap Rate
- 5.08
- Total Number of Units
- 4
- Unit Name
- 1122
- Potential Terms
- Assumable, Cash, Conventional, FHA, VA Loan
- Year Built
- 1957
- Roof
- Metal
- Site Features
- Cable TV, Fenced-Partially, Patio
- Electric Expenses
- 1200
- Other Expenses
- 3600
- Energy Source
- Electric
- School District
- Franklin Pierce
- Elementary School
- James Sales Elem
- Middle School
- Perry G Keithley Mid
- High School
- Wash High
- Total Monthly Income
- $4,700
- Gross Scheduled Income
- $56,400
- Gross Adjusted Income
- $56,400
- Tax Year
- 2025
- Insurance Expense
- $2,492
- W/S/G Expenses
- $5,414
- Total Expenses
- $19,309
- Net Operating Income
- $37,091
- Gross Rent Multiplier
- 12.94
- Cap Rate
- 5.08
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.