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(253) 209-4200
Real Estate Company
11905 Park Avenue S, Tacoma, WA 98444
- $749,000
- 2,168
- SqFt
Listing Broker: COMPASS; Michael Haas; 408-439-7873; Michael.Haas@compass.com
- List Price
- $749,000
- Status
- ACTIVE
- MLS#
- 2588383
- Days on Market
- 0
- Style
- 56 - 10+ Units
- Finished SqFt
- 2,168
- Area Total SqFt
- 2168
- Annual Tax Ammount
- 5501.02
- Lot Size (sq ft)
- 10,000
- Sewer
- Sewer Connected
Property Description
They said the "1% Rule" was impossible - but this Parkland rental delivers! This large corner-lot home is split into 3 separate living suites, each with its own kitchen & laundry: a 6-bed/2-bath suite, & two 3-bed/1-bath suites. Renovated to the studs in 2017 & capped with a new 2026 roof & sheeting. Built to last with full insulation, all new plumbing lines, tankless water heater, LVP + laminate flooring, & electric heat w/ thermostats. Sold fully furnished, mostly occupied, & systemized for immediate cashflow! Favorite tenant upgrades include a large covered patio, fenced & level backyard with a large storage shed, plus abundant off-street parking for 10+ cars & an EV hookup. Ask the listing agent for ROI spreadsheets showing $ 1,850 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses! Great location: walk to major commuter buses, Pacific Lutheran University (PLU), Sushi Burrito & other Garfield Street cafes. Easily hop on SR-512 and I-5 freeways for nearby JBLM, Tacoma, & Seattle. Investments like this don't come often!
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Additional Information
- List Date
- 2026-10-14 07:10:17
- Community
- Parkland
- Net Operating Income
- $61,682
- Gross Adjusted Income
- $81,864
- Gross Scheduled Income
- $90,960
- Total Monthly Income
- $7,580
- Insurance Expenses
- $1,166
- Water/Sewer/Garbage Expenses
- $6,220
- Gross Rent Multiplier
- 8.23
- Total Expenses
- $20,181
- Cap Rate
- 9.28
- Vacancy Rate
- 10
- Total Number of Units
- 12
- Unit Name
- 11905
- Potential Terms
- Cash, Conventional
- Year Built
- 1955
- Roof
- Composition
- Site Features
- Electric Car Charging, Fenced-Partially, Gas Available, High Speed Internet, Patio, RV Parking
- Electric Expenses
- 5438
- Other Expenses
- 1188
- Energy Source
- Electric, Natural Gas
- School District
- Franklin Pierce
- Elementary School
- Brookdale Elem
- Middle School
- Perry G Keithley Mid
- High School
- Wash High
- Total Monthly Income
- $7,580
- Gross Scheduled Income
- $90,960
- Vacancy Rate
- 10
- Gross Adjusted Income
- $81,864
- Tax Year
- 2026
- Insurance Expense
- $1,166
- W/S/G Expenses
- $6,220
- Total Expenses
- $20,181
- Net Operating Income
- $61,682
- Gross Rent Multiplier
- 8.23
- Cap Rate
- 9.28
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.