818 138th Street E, Tacoma, WA 98445
- $580,000
- 2,118
- SqFt
Listing courtesy of Park 52, Inc..
- List Price
- $580,000
- Status
- ACTIVE
- MLS#
- 2566430
- Days on Market
- 0
- Style
- 52 - Duplex
- Building Condition
- Good
- Finished SqFt
- 2,118
- Area Total SqFt
- 2118
- Annual Tax Ammount
- 6233
- Lot Size (sq ft)
- 10,792
- Sewer
- Sewer Connected
Property Description
Don't miss this fantastic investment opportunity! Ideally located just minutes from shopping, Spanaway Park, I-5, SR-512, and JBLM, this well-maintained duplex offers the perfect combination of convenience and income potential.Whether you're expanding your investment portfolio or looking for an owner-occupied property with rental income, this duplex checks all the boxes. Both units are occupied by reliable long-term tenants, providing immediate, consistent rental income.Each unit features a bright, open-concept floor plan with vaulted ceilings, skylights, and a cozy gas fireplace and furnace (new in 816) that creates a warm and inviting living space. A private one-car garage for each unit adds everyday convenience and enhances tenant appeal.With a strong rental history, desirable layout, and prime location near major commuter routes and local amenities, this is an outstanding opportunity you won't want to miss.
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2026-08-12 21:45:14
- Community
- Parkland
- Net Operating Income
- $27,672
- Gross Adjusted Income
- $38,749
- Gross Scheduled Income
- $39,540
- Total Monthly Income
- $3,295
- Insurance Expenses
- $1,400
- Water/Sewer/Garbage Expenses
- $2,744
- Gross Rent Multiplier
- 14
- Total Expenses
- $11,077
- Cap Rate
- 4.77
- Vacancy Rate
- 2
- Total Number of Units
- 2
- Unit Name
- 818
- Potential Terms
- Cash, Conventional, FHA, VA Loan
- Year Built
- 2004
- Roof
- Composition
- Site Features
- Fenced-Partially
- Other Expenses
- 700
- Energy Source
- Natural Gas
- School District
- Franklin Pierce
- Total Monthly Income
- $3,295
- Gross Scheduled Income
- $39,540
- Vacancy Rate
- 2
- Gross Adjusted Income
- $38,749
- Tax Year
- 2026
- Insurance Expense
- $1,400
- W/S/G Expenses
- $2,744
- Total Expenses
- $11,077
- Net Operating Income
- $27,672
- Gross Rent Multiplier
- 14
- Cap Rate
- 4.77
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.