Homes77.com Search Results

$870,000

BACK ON THE MARKET by popular demand! This turn-key and exceptionally maintained 4-plex offering strong, reliable rental income with thoughtful modern updates throughout the units. Building is fully rented and cash flows. This low-maintenance investment property is in excellent condition, with each unit featuring contemporary laminate flooring, newer hot water tanks, fresh interior paint, updated bathrooms, and crisp modern trim for a clean. Two units are leased at $1,800/month with newly signed leases, and the other two units are rented at $1,700/month—providing immediate, stable cash flow. Ideally located near shopping, dining, transit, and easy freeway access. This property appeals to commuters and long-term tenants. This property is perfect for all savvy investors being a smart addition to you investment portfolio.

2560887 MLS ⋅ ACTIVE Status

BACK ON THE MARKET by popular demand! This turn-key and exceptionally maintained 4-plex offering strong, reliable rental income with thoughtful modern updates throughout the units. Building is fully rented and cash flows. This low-maintenance investment property is in excellent condition, with each unit featuring contemporary laminate flooring, newer hot water tanks, fresh interior paint, updated bathrooms, and crisp modern trim for a clean. Two units are leased at $1,800/month with newly signed leases, and the other two units are rented at $1,700/month—providing immediate, stable cash flow. Ideally located near shopping, dining, transit, and easy freeway access. This property appeals to commuters and long-term tenants. This property is perfect for all savvy investors being a smart addition to you investment portfolio.

4027 S Warner Street, Tacoma

Listing courtesy of Keller Williams Realty PS.

$1,425,000

Fully occupied, freshly upgraded, and sitting on a path of undeniable growth. The unit mix is exactly what tenants want: two spacious 3-bed/1-bath units and two 1-bed/1-bath units, each with covered porches, hardwood and fir floors, original built-ins, and gas forced air heat. Two units feature updated kitchens with stainless appliances and newer cabinetry.The heavy lifting is already done. A new water supply line, all-new supply plumbing, new sewer line, two new 80-gallon water heaters, and new furnaces mean a new owner steps into a mechanically sound asset with minimal deferred maintenance and maximum peace of mind.A five-bay garage off the alley represents untapped monthly income sitting largely uncaptured in the current rent roll, a straightforward path to pushing NOI higher without touching a single unit. Fully fenced backyard, unfinished basement with shared laundry, open storage, and four individual storage units round it out.Easy access to Tacoma's new light rail, Wright Park, and the medical center puts this property directly in the path of the city's most significant growth corridor. Proven tenancy. Turnkey systems.

2546564 MLS ⋅ ACTIVE Status

Fully occupied, freshly upgraded, and sitting on a path of undeniable growth. The unit mix is exactly what tenants want: two spacious 3-bed/1-bath units and two 1-bed/1-bath units, each with covered porches, hardwood and fir floors, original built-ins, and gas forced air heat. Two units feature updated kitchens with stainless appliances and newer cabinetry.The heavy lifting is already done. A new water supply line, all-new supply plumbing, new sewer line, two new 80-gallon water heaters, and new furnaces mean a new owner steps into a mechanically sound asset with minimal deferred maintenance and maximum peace of mind.A five-bay garage off the alley represents untapped monthly income sitting largely uncaptured in the current rent roll, a straightforward path to pushing NOI higher without touching a single unit. Fully fenced backyard, unfinished basement with shared laundry, open storage, and four individual storage units round it out.Easy access to Tacoma's new light rail, Wright Park, and the medical center puts this property directly in the path of the city's most significant growth corridor. Proven tenancy. Turnkey systems.

315 N L Street, Tacoma

Listing courtesy of COMPASS.

$749,950

Investor opportunity! Well-maintained 4-plex featuring four 2-bedroom, 1-bath units in a convenient Tacoma location. Strong value-add potential with long-term tenants and significantly below-market rents, offering investors the opportunity to increase cash flow over time. Current ownership has intentionally kept rents low for many years. All tenants are currently on month-to-month leases, providing additional flexibility for future management and rent adjustments. Recent major capital improvement includes a new roof installed in 2025. Each unit offers functional layouts, off-street parking, and strong rental demand in the area. Ideal for investors seeking stable occupancy today with the ability to enhance returns through future rent adjustments. Conveniently located near shopping, dining, schools, transit, and major commuter routes. Rare opportunity to acquire a 4-plex with immediate income and significant long-term growth potential.

2541857 MLS ⋅ ACTIVE Status

Investor opportunity! Well-maintained 4-plex featuring four 2-bedroom, 1-bath units in a convenient Tacoma location. Strong value-add potential with long-term tenants and significantly below-market rents, offering investors the opportunity to increase cash flow over time. Current ownership has intentionally kept rents low for many years. All tenants are currently on month-to-month leases, providing additional flexibility for future management and rent adjustments. Recent major capital improvement includes a new roof installed in 2025. Each unit offers functional layouts, off-street parking, and strong rental demand in the area. Ideal for investors seeking stable occupancy today with the ability to enhance returns through future rent adjustments. Conveniently located near shopping, dining, schools, transit, and major commuter routes. Rare opportunity to acquire a 4-plex with immediate income and significant long-term growth potential.

7525 10th Avenue Ct E, Tacoma

Listing courtesy of TS Property Management.

$1,350,000

Outstanding investment opportunity in this solid 4-plex, built in 2006 and showing like new. Configured as two duplexes on one lot but permitted as a fourplex, each unit offers a generous 1,234 square feet with 3 bedrooms and 2 bathrooms—plenty of space to attract quality, long-term tenants. The exterior has been well maintained throughout, minimizing deferred maintenance concerns for a new owner. Conveniently located near 47th and South Tacoma Way, with easy access to shopping, dining, commuter routes and right next to the local school bus stop. A great addition for investors seeking a turnkey property with strong bones and dependable rental appeal.

2521673 MLS ⋅ ACTIVE Status

Outstanding investment opportunity in this solid 4-plex, built in 2006 and showing like new. Configured as two duplexes on one lot but permitted as a fourplex, each unit offers a generous 1,234 square feet with 3 bedrooms and 2 bathrooms—plenty of space to attract quality, long-term tenants. The exterior has been well maintained throughout, minimizing deferred maintenance concerns for a new owner. Conveniently located near 47th and South Tacoma Way, with easy access to shopping, dining, commuter routes and right next to the local school bus stop. A great addition for investors seeking a turnkey property with strong bones and dependable rental appeal.

4552 S Puget Sound Avenue, Tacoma

Listing courtesy of Redfin.

$785,000

Excellent investment opportunity in Tacoma’s sought-after North End! This well-maintained 4-unit property at 1102 N Sheridan Ave offers a strong 6.5% cap rate with significant upside and pride of ownership throughout. Numerous improvements have already been completed, helping reduce future maintenance concerns while enhancing tenant appeal. Located in a premier location close to shopping, dining, parks, waterfront amenities, and commuter routes, this property combines stable income potential with long-term appreciation opportunity. Whether you’re expanding your portfolio or completing a 1031 exchange, this is a rare chance to own a turn-key multifamily asset in one of Tacoma’s most desirable neighborhoods.

2528502 MLS ⋅ PENDING INSPECTION Status

Excellent investment opportunity in Tacoma’s sought-after North End! This well-maintained 4-unit property at 1102 N Sheridan Ave offers a strong 6.5% cap rate with significant upside and pride of ownership throughout. Numerous improvements have already been completed, helping reduce future maintenance concerns while enhancing tenant appeal. Located in a premier location close to shopping, dining, parks, waterfront amenities, and commuter routes, this property combines stable income potential with long-term appreciation opportunity. Whether you’re expanding your portfolio or completing a 1031 exchange, this is a rare chance to own a turn-key multifamily asset in one of Tacoma’s most desirable neighborhoods.

1102 N Sheridan Avenue, Tacoma

Listing courtesy of ANB Homes.

$795,000

Single level 4-plex provides a great opportunity to add to an investment portfolio!*All 4 units are identical, offering 2 beds/1 bath, 875 sq ft, with all kitchen appliances included*Washer/Dryer hookups are available in each unit, plus there are outside storage areas for each tenant*Situated on a spacious corner lot in a dead end neighborhood, offering both privacy and convenience*Some landlord improvements have been recently done to a few of the units, while others present an opportunity to increase rents and add value*Roof is less than 5 years old*Current rents range from $1495 to $1550, providing a strong foundation for future growth*Property is currently generating $6340 in total monthly income with a solid 6.6% cap rate*Prime location situated on the border between Lakewood and University Place, offering tenants easy access to shopping and all amenities*Trader Joes is just 10 mins away!*Chamber's Bay is approximately a short 15-minute drive*A low maintenance, incoming generating asset in a convenient location - ideal for investors looking to expand their portfolio with both stability and upside potential*Less than $200K/door!

2524218 MLS ⋅ SOLD Status

Single level 4-plex provides a great opportunity to add to an investment portfolio!*All 4 units are identical, offering 2 beds/1 bath, 875 sq ft, with all kitchen appliances included*Washer/Dryer hookups are available in each unit, plus there are outside storage areas for each tenant*Situated on a spacious corner lot in a dead end neighborhood, offering both privacy and convenience*Some landlord improvements have been recently done to a few of the units, while others present an opportunity to increase rents and add value*Roof is less than 5 years old*Current rents range from $1495 to $1550, providing a strong foundation for future growth*Property is currently generating $6340 in total monthly income with a solid 6.6% cap rate*Prime location situated on the border between Lakewood and University Place, offering tenants easy access to shopping and all amenities*Trader Joes is just 10 mins away!*Chamber's Bay is approximately a short 15-minute drive*A low maintenance, incoming generating asset in a convenient location - ideal for investors looking to expand their portfolio with both stability and upside potential*Less than $200K/door!

5002 S 58th Street, Tacoma

Listing courtesy of John L. Scott, Inc.. Selling Office: eXp Realty.

$979,999

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.

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.

$1,150,000

This stately property in Tacoma’s North Slope Historic District holds 4 units including a gracious main floor that’s a complete home in itself. Built by the Cornell Brothers who also built the Elks Temple and First Presbyterian, this is an opportunity to live in a home full of history and character with rental income for support. Open the front door from the wraparound porch into an apartment spanning the entire main level. Oak hardwoods and a rounded bay window bring beauty to the living room, while the dining room is replete with original millwork from box beam ceilings to paneled walls and built-ins. The commercial style, eat-in kitchen creates contrast with its concrete counters and SubZero fridge. With 2 bedrooms, a bonus room, 2 baths, and a back deck overlooking the garden, there’s room to live, work and host. The 2nd floor’s 1-bed, 1-bath units are both occupied and generating income. The basement studio is vacant. Updates include a new roof and exterior paint in 2025 and a new boiler in 2023. Near parks, pubs, cafes and light rail.

2517892 MLS ⋅ SOLD Status

This stately property in Tacoma’s North Slope Historic District holds 4 units including a gracious main floor that’s a complete home in itself. Built by the Cornell Brothers who also built the Elks Temple and First Presbyterian, this is an opportunity to live in a home full of history and character with rental income for support. Open the front door from the wraparound porch into an apartment spanning the entire main level. Oak hardwoods and a rounded bay window bring beauty to the living room, while the dining room is replete with original millwork from box beam ceilings to paneled walls and built-ins. The commercial style, eat-in kitchen creates contrast with its concrete counters and SubZero fridge. With 2 bedrooms, a bonus room, 2 baths, and a back deck overlooking the garden, there’s room to live, work and host. The 2nd floor’s 1-bed, 1-bath units are both occupied and generating income. The basement studio is vacant. Updates include a new roof and exterior paint in 2025 and a new boiler in 2023. Near parks, pubs, cafes and light rail.

1021 N 5th Street, Tacoma

Listing courtesy of Windermere Abode. Selling Office: Windermere Prof Partners.

$1,399,900

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.

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.

$950,000

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.

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.

$1,050,000

Prime Investment Opportunity! Amazing Income Generating Machine! Discover an exceptional turnkey 4-plex investment, strategically nestled in a quiet Tacoma community, offering a robust income-generating asset in one of the Pacific Northwest's hottest real estate markets. Each of the 4 spacious units boasts an identical, highly desirable layout featuring 3 generous bedrooms & 1.75 baths across 1,019 square feet, complete with private balcony/patio space & dedicated storage, strongly appealing to long-term tenants. The property offers a significant opportunity for value appreciation. The current rental income is below competitive market value, suggesting a clear path to immediate value appreciation and strong potential Cap Rate of 5-6%. Units have been updated with kitchens featuring newer appliances & white cabinetry, durable flooring, and in-unit washers/dryers. On-site parking includes 8 designated spaces. The location offers enviable lifestyle appeal, situated moments from Swan Creek Park's acclaimed MTB Trail, half a mile from First Creek Middle School, & close to Cloverdale Park & essential retail. This 4-plex represents a prime addition to any portfolio, offering immediate cash flow, tangible upside, and a highly sought-after unit mix. Strong rental demand in this corridor ensures stability & continuous occupancy. Do not miss this chance to solidify your investment future in the strong Tacoma market. Please respect tenant privacy. Please DO NOT disturb Occupants.

2502696 MLS ⋅ SOLD Status

Prime Investment Opportunity! Amazing Income Generating Machine! Discover an exceptional turnkey 4-plex investment, strategically nestled in a quiet Tacoma community, offering a robust income-generating asset in one of the Pacific Northwest's hottest real estate markets. Each of the 4 spacious units boasts an identical, highly desirable layout featuring 3 generous bedrooms & 1.75 baths across 1,019 square feet, complete with private balcony/patio space & dedicated storage, strongly appealing to long-term tenants. The property offers a significant opportunity for value appreciation. The current rental income is below competitive market value, suggesting a clear path to immediate value appreciation and strong potential Cap Rate of 5-6%. Units have been updated with kitchens featuring newer appliances & white cabinetry, durable flooring, and in-unit washers/dryers. On-site parking includes 8 designated spaces. The location offers enviable lifestyle appeal, situated moments from Swan Creek Park's acclaimed MTB Trail, half a mile from First Creek Middle School, & close to Cloverdale Park & essential retail. This 4-plex represents a prime addition to any portfolio, offering immediate cash flow, tangible upside, and a highly sought-after unit mix. Strong rental demand in this corridor ensures stability & continuous occupancy. Do not miss this chance to solidify your investment future in the strong Tacoma market. Please respect tenant privacy. Please DO NOT disturb Occupants.

2076 E 56th Street, Tacoma

Listing courtesy of Redfin. Selling Office: KW Mountains to Sound Realty.

$975,000

This is a great opportunity to have an instant cash return on an investment. The rents are currently below market, and by increasing them the cap rate could reach as high as 7.5%. The property consists of two duplexes featuring two 2 bedroom, 1 bathroom units, one 2 bedroom, 1.5 bathroom unit, and one 2 bedroom, 2.5 bathroom unit, with each unit offering its own fireplace. The buildings are very well maintained and include a 2 car garage along with an additional 3 car garage, plus two covered parking stalls. The total parcel spans 7 acres in a fantastic location. Planning and Zoning has indicated they would consider a plan for cluster development. Additional features include a new roof installed in 2018 and fully paid off solar panels. Showings are available upon a signed agreement.

2500263 MLS ⋅ SOLD Status

This is a great opportunity to have an instant cash return on an investment. The rents are currently below market, and by increasing them the cap rate could reach as high as 7.5%. The property consists of two duplexes featuring two 2 bedroom, 1 bathroom units, one 2 bedroom, 1.5 bathroom unit, and one 2 bedroom, 2.5 bathroom unit, with each unit offering its own fireplace. The buildings are very well maintained and include a 2 car garage along with an additional 3 car garage, plus two covered parking stalls. The total parcel spans 7 acres in a fantastic location. Planning and Zoning has indicated they would consider a plan for cluster development. Additional features include a new roof installed in 2018 and fully paid off solar panels. Showings are available upon a signed agreement.

12410 36th Avenue E, Tacoma

Listing courtesy of Real Broker LLC. Selling Office: TPMS Realty LLC.

$949,500

Meticulously maintained view fourplex in a prime Tacoma location, owned and cared for by the same owner for over 30 years. Built in 1992, this property offers a rare combination of strong in-place cash flow, pride of ownership, and clear upside potential. Each unit includes its own washer and dryer—no shared laundry—and tenants benefit from a detached 4-car garage with individual bays, plus ample off-street parking. The standout feature here is the view—sweeping, unobstructed sightlines of Commencement Bay, the Tacoma Dome, and the downtown skyline from every unit, including the lower level. This is a true “all units have a view” asset, which is extremely rare in this price point. Recent capital improvements provide peace of mind for years to come, including a newer roof, exterior paint, and new Milgard windows. In 2025, the city completed streetscape improvements including new sidewalks and lighting, transforming the immediate area into a park-like setting and materially enhancing curb appeal and long-term desirability. Rents are well below market with long-term, month-to-month tenants, creating immediate value-add potential. At current rents, the property is being offered at a 6.5% cap rate, with a clear path to approximately an 8% cap at market rents. Minimal deferred maintenance + below-market rents = clean, low-risk value-add. One unit has been intentionally left vacant for ease of showings and to accommodate an owner-occupant buyer.

2506088 MLS ⋅ SOLD Status

Meticulously maintained view fourplex in a prime Tacoma location, owned and cared for by the same owner for over 30 years. Built in 1992, this property offers a rare combination of strong in-place cash flow, pride of ownership, and clear upside potential. Each unit includes its own washer and dryer—no shared laundry—and tenants benefit from a detached 4-car garage with individual bays, plus ample off-street parking. The standout feature here is the view—sweeping, unobstructed sightlines of Commencement Bay, the Tacoma Dome, and the downtown skyline from every unit, including the lower level. This is a true “all units have a view” asset, which is extremely rare in this price point. Recent capital improvements provide peace of mind for years to come, including a newer roof, exterior paint, and new Milgard windows. In 2025, the city completed streetscape improvements including new sidewalks and lighting, transforming the immediate area into a park-like setting and materially enhancing curb appeal and long-term desirability. Rents are well below market with long-term, month-to-month tenants, creating immediate value-add potential. At current rents, the property is being offered at a 6.5% cap rate, with a clear path to approximately an 8% cap at market rents. Minimal deferred maintenance + below-market rents = clean, low-risk value-add. One unit has been intentionally left vacant for ease of showings and to accommodate an owner-occupant buyer.

522 E 32nd Street Unit #A-D, Tacoma

Listing courtesy of Real Broker LLC. Selling Office: Real Property Mgmt Teyata.

$525,000

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.

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.

$799,950

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!

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.

$753,000

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.

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.

$950,000

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.

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.

$655,000

INVESTOR SPECIAL! Fourplex on a large lot in a rapidly growing area with strong appreciation, Site features both 1 and 2 bd Apts , This has Endless potential and offers major upside for increased rents , equity or complete redevelopment. This is an amazing opportunity as property is near local shopping , bus lines , light rail and nearby hospital. Fourplex sold as is

2489426 MLS ⋅ SOLD Status

INVESTOR SPECIAL! Fourplex on a large lot in a rapidly growing area with strong appreciation, Site features both 1 and 2 bd Apts , This has Endless potential and offers major upside for increased rents , equity or complete redevelopment. This is an amazing opportunity as property is near local shopping , bus lines , light rail and nearby hospital. Fourplex sold as is

611 613 S Ainsworth Ave Unit #A/B, Tacoma

Listing courtesy of Goldhouse Realty. Selling Office: Goldhouse Realty.

$1,149,950

New Construction 4-Plex Investment Opportunity: Discover the pinnacle of low-maintenance, high-yield real estate with this newly constructed 4-plex, intelligently built as two separate duplexes, and offering the significant advantage of a 12-year property tax abatement with land-value only taxes (2026 is $1782/yr). Proven Design & Rentability: Every inch of this property is engineered for cost-efficiency and tenant retention. Each unit features high-end, durable finishes typically reserved for luxury custom homes: Modern Interiors: Commercial-grade vinyl plank flooring, stylish quartz countertops, stainless steel appliances, and a premium trim/door package. Efficiency First: Extra insulation, energy-efficient Plygem windows, and ductless mini-split heating and AC systems. Tenant Perks: In-unit full-size washers/dryers and systems specifically tested for streamlined, easy turnovers. Unit Highlights:2-Bed/2.5-Bath (1125 SF) Units: Spacious open floor plans with an ensuite bathroom for every bedroom, plus stunning City and Downtown views!1-Bed Units (544-556 SF): Designed for maximum affordability, independence, and high demand, featuring full-size kitchens and baths. With a strong $7,650/month income stream and long-term property tax incentives, this property is designed to perform. Don’t miss your chance to secure a turnkey asset in a exceptionally prime location in Downtown Tacoma near restaurants, breweries, businesses, the Link, UW Tacoma, the Tacoma Convention Center, etc.

2489726 MLS ⋅ PENDING Status

New Construction 4-Plex Investment Opportunity: Discover the pinnacle of low-maintenance, high-yield real estate with this newly constructed 4-plex, intelligently built as two separate duplexes, and offering the significant advantage of a 12-year property tax abatement with land-value only taxes (2026 is $1782/yr). Proven Design & Rentability: Every inch of this property is engineered for cost-efficiency and tenant retention. Each unit features high-end, durable finishes typically reserved for luxury custom homes: Modern Interiors: Commercial-grade vinyl plank flooring, stylish quartz countertops, stainless steel appliances, and a premium trim/door package. Efficiency First: Extra insulation, energy-efficient Plygem windows, and ductless mini-split heating and AC systems. Tenant Perks: In-unit full-size washers/dryers and systems specifically tested for streamlined, easy turnovers. Unit Highlights:2-Bed/2.5-Bath (1125 SF) Units: Spacious open floor plans with an ensuite bathroom for every bedroom, plus stunning City and Downtown views!1-Bed Units (544-556 SF): Designed for maximum affordability, independence, and high demand, featuring full-size kitchens and baths. With a strong $7,650/month income stream and long-term property tax incentives, this property is designed to perform. Don’t miss your chance to secure a turnkey asset in a exceptionally prime location in Downtown Tacoma near restaurants, breweries, businesses, the Link, UW Tacoma, the Tacoma Convention Center, etc.

1129 Fawcett Avenue Unit #A-D, Tacoma

Listing courtesy of Windermere Prof Partners.

$1,199,950

Own the "Golden Goose" of investment properties: a brand-new, turnkey 4-plex engineered for maximum cash flow and zero headaches. Built as two sleek duplexes, this high-performance asset delivers an immediate $7,800/month income stream bolstered by a massive 12-year tax abatement. Forget deferred maintenance; these units feature "quality" luxury finishes like commercial-grade vinyl plank, quartz countertops, and stainless appliances, all paired with high-efficiency ductless HVAC and extra insulation for low carry costs. The floor plans are a landlord’s dream, featuring 2-bed units with private en-suite baths and city views, plus high-demand 1-bed units designed for rapid, low-cost turnovers. This is a rare, low-maintenance powerhouse in a prime location—secure your equity and start collecting on day one.

2490175 MLS ⋅ SOLD Status

Own the "Golden Goose" of investment properties: a brand-new, turnkey 4-plex engineered for maximum cash flow and zero headaches. Built as two sleek duplexes, this high-performance asset delivers an immediate $7,800/month income stream bolstered by a massive 12-year tax abatement. Forget deferred maintenance; these units feature "quality" luxury finishes like commercial-grade vinyl plank, quartz countertops, and stainless appliances, all paired with high-efficiency ductless HVAC and extra insulation for low carry costs. The floor plans are a landlord’s dream, featuring 2-bed units with private en-suite baths and city views, plus high-demand 1-bed units designed for rapid, low-cost turnovers. This is a rare, low-maintenance powerhouse in a prime location—secure your equity and start collecting on day one.

1131 Fawcett Avenue Unit #A-D, Tacoma

Listing courtesy of Windermere Prof Partners. Selling Office: RSVP Brokers ERA.

$1,341,500

Nearly new and fully rented, this turnkey 4-plex is available for the first time since construction. Located in one of North Tacoma’s most sought-after neighborhoods, the property sits just half a block from Tacoma General Hospital, minutes from major freeways, and close to the scenic Tacoma Waterfront. Perfectly positioned for urban living, the property is also just moments from the vibrant 6th Avenue District — known for its award-winning restaurants, nightlife, and local gathering spots. This prime location makes it especially attractive to traveling nurses, medical professionals, and homebuyers in transition. Clean, modern, and truly turnkey, this low-maintenance investment offers immediate cash flow and strong upside potential. Eligible for condominium conversion, it presents an exceptional opportunity for investors seeking to maximize returns with a nearly new, hassle-free multiplex in a high-demand rental corridor.

2477466 MLS ⋅ SOLD Status

Nearly new and fully rented, this turnkey 4-plex is available for the first time since construction. Located in one of North Tacoma’s most sought-after neighborhoods, the property sits just half a block from Tacoma General Hospital, minutes from major freeways, and close to the scenic Tacoma Waterfront. Perfectly positioned for urban living, the property is also just moments from the vibrant 6th Avenue District — known for its award-winning restaurants, nightlife, and local gathering spots. This prime location makes it especially attractive to traveling nurses, medical professionals, and homebuyers in transition. Clean, modern, and truly turnkey, this low-maintenance investment offers immediate cash flow and strong upside potential. Eligible for condominium conversion, it presents an exceptional opportunity for investors seeking to maximize returns with a nearly new, hassle-free multiplex in a high-demand rental corridor.

403 N M, Tacoma

Listing courtesy of Keller Williams Rty Tacoma. Selling Office: Redfin.

$399,000

Attention Investors!!! This one is a "Diamond in the rough" with endless possibilities on an acre! This property is being sold "as is" the seller will not do any repairs.

2476467 MLS ⋅ SOLD Status

Attention Investors!!! This one is a "Diamond in the rough" with endless possibilities on an acre! This property is being sold "as is" the seller will not do any repairs.

1638 108th Street S, Tacoma

Listing courtesy of PRO RLTYSRVCS Eastside. Selling Office: ZNonMember-Office-MLS.

$1,134,000

This new construction four-plex offers a high-yield investment opportunity featuring a 12-year "land only" tax abatement and a strategic mix of four units designed for maximum rentability and minimal maintenance. This property one of the best cap rates on the market at 6.3, generating $7,380 in monthly rental income with extra low expenses and maintenance. The property layout consists of two detached 1,018 SF single-family homes for maximum tenant independence and two efficient 449 SF duplex units. The detached homes are thoughtfully crafted offering a 2-bedroom, 2.5-bathroom layout where each bedroom features an ensuite bath—a design specifically chosen to accommodate housemate arrangements and increase the tenant pool. These units include premium finishes such as quartz countertops, stainless steel appliances with islands, and full-size laundry. Complementing the larger homes are two 1-bedroom, 1-bathroom duplex units that maximize space with full kitchens and in-unit washers and dryers. To ensure long-term durability and low overhead, all units are equipped with ductless mini-split HVAC systems, ERV fresh air systems for superior air quality, and faux wood blinds. Positioned near key arterials, schools, and local amenities, this turnkey property balances sophisticated site design with a robust financial profile.

2471932 MLS ⋅ SOLD Status

This new construction four-plex offers a high-yield investment opportunity featuring a 12-year "land only" tax abatement and a strategic mix of four units designed for maximum rentability and minimal maintenance. This property one of the best cap rates on the market at 6.3, generating $7,380 in monthly rental income with extra low expenses and maintenance. The property layout consists of two detached 1,018 SF single-family homes for maximum tenant independence and two efficient 449 SF duplex units. The detached homes are thoughtfully crafted offering a 2-bedroom, 2.5-bathroom layout where each bedroom features an ensuite bath—a design specifically chosen to accommodate housemate arrangements and increase the tenant pool. These units include premium finishes such as quartz countertops, stainless steel appliances with islands, and full-size laundry. Complementing the larger homes are two 1-bedroom, 1-bathroom duplex units that maximize space with full kitchens and in-unit washers and dryers. To ensure long-term durability and low overhead, all units are equipped with ductless mini-split HVAC systems, ERV fresh air systems for superior air quality, and faux wood blinds. Positioned near key arterials, schools, and local amenities, this turnkey property balances sophisticated site design with a robust financial profile.

619 S 35th Street, Tacoma

Listing courtesy of Windermere Prof Partners. Selling Office: Momentum Venture Partners LLC.

$865,000

Investor’s Dream in the Heart of Tacoma! Don’t miss this turnkey 4-plex offering strong rental income & modern updates throughout. Each unit has been refreshed with new contemporary laminate flooring, new hot water tanks, fresh interior paint, updated bathroom vanities, sleek white 6-panel doors, & crisp white modern trim for a clean, cohesive look tenants love. With three units renting at $1,700/month and one at $1,600/month, this property delivers reliable cash flow & low-maintenance appeal. Conveniently located near shopping, dining, transit, and freeway access—perfect for commuters or long-term tenants. Sellers 3.5% interest rate VA loan is assumable! Whether you’re starting or expanding your portfolio, this property is a must-see!

2452437 MLS ⋅ SOLD Status

Investor’s Dream in the Heart of Tacoma! Don’t miss this turnkey 4-plex offering strong rental income & modern updates throughout. Each unit has been refreshed with new contemporary laminate flooring, new hot water tanks, fresh interior paint, updated bathroom vanities, sleek white 6-panel doors, & crisp white modern trim for a clean, cohesive look tenants love. With three units renting at $1,700/month and one at $1,600/month, this property delivers reliable cash flow & low-maintenance appeal. Conveniently located near shopping, dining, transit, and freeway access—perfect for commuters or long-term tenants. Sellers 3.5% interest rate VA loan is assumable! Whether you’re starting or expanding your portfolio, this property is a must-see!

4027 S Warner Street, Tacoma

Listing courtesy of COMPASS. Selling Office: Keller Williams Realty PS.

$600,000

4 units consisting of 2 homes and one duplex. This is a fixer property and a short sale. Pictures are accurate for all but 1927 S. Durango. Call your broker to find out what financing options are available for this fixer. Both individual homes have renters and the brick duplex is vacant due to the failed septic system, which will need to be connected to sewer. Over 1 acre , fix and rent for upside potential and add more units per HOME IN Tacoma program as this is in a a higher density area (Buyer to verify). This is not an owner occupied property and seller/lien holder cannot accept offer with rehab loans.

2445783 MLS ⋅ SOLD Status

4 units consisting of 2 homes and one duplex. This is a fixer property and a short sale. Pictures are accurate for all but 1927 S. Durango. Call your broker to find out what financing options are available for this fixer. Both individual homes have renters and the brick duplex is vacant due to the failed septic system, which will need to be connected to sewer. Over 1 acre , fix and rent for upside potential and add more units per HOME IN Tacoma program as this is in a a higher density area (Buyer to verify). This is not an owner occupied property and seller/lien holder cannot accept offer with rehab loans.

1931 S Durango Street, Tacoma

Listing courtesy of Redfin. Selling Office: Skyline Properties, Inc..

$790,000

Rare find: a large Tacoma property outside city jurisdiction with flexible living and income. Enjoy a renovated 2BD/2BA single-family home with oversized yard, new 8ft x 8ft hot tub, private 2-car carport, and full RING security (interior & exterior). Behind it, a detached triplex offers three updated units with a 6-car gravel lot. Big-ticket updates: new roof and complete electrical in 2019, plus fresh cosmetic touches. NO HOA. On a sprawling 0.89-acre parcel with room to explore a DADU or additional unit. Small pond on back corner of property. Quiet, tucked-away street yet close to everything. VA assumable at 5.125%. Live in the house and let tenants help pay the mortgage! 2GB Fiber Internet on Property!

2440036 MLS ⋅ SOLD Status

Rare find: a large Tacoma property outside city jurisdiction with flexible living and income. Enjoy a renovated 2BD/2BA single-family home with oversized yard, new 8ft x 8ft hot tub, private 2-car carport, and full RING security (interior & exterior). Behind it, a detached triplex offers three updated units with a 6-car gravel lot. Big-ticket updates: new roof and complete electrical in 2019, plus fresh cosmetic touches. NO HOA. On a sprawling 0.89-acre parcel with room to explore a DADU or additional unit. Small pond on back corner of property. Quiet, tucked-away street yet close to everything. VA assumable at 5.125%. Live in the house and let tenants help pay the mortgage! 2GB Fiber Internet on Property!

604 98th Street S, Tacoma

Listing courtesy of Operation Red Dot. Selling Office: Premier Real Estate Partners.

$690,000

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.

2438390 MLS ⋅ SOLD Status

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.

1122 Lafayette St S Unit #1-4, Tacoma

Listing courtesy of Berkshire Hathaway HS NW. Selling Office: HomeSmart Real Estate Assoc.

$1,250,000

Prime NE Tacoma 4-Plex Investment Opportunity! Don’t miss this chance to acquire a well-maintained 4-plex in the heart of Northeast Tacoma, centrally located between Federal Way and Downtown Tacoma. This property offers two spacious 3-bedroom 2- bath units (approx. 1,760 sq. ft.) and two large 2-bedroom 2- bath units (approx. 1,600 sq. ft.)—each with dedicated parking space, a private garage and upper units have private balconies. This is a true value-add opportunity with upside potential through rent increases to market levels and the ability to implement utility bill-backs. A solid investment for seasoned owners or those looking to expand their portfolio in a desirable, high-demand rental market. Perfect for owner occupancy.

2436465 MLS ⋅ SOLD Status

Prime NE Tacoma 4-Plex Investment Opportunity! Don’t miss this chance to acquire a well-maintained 4-plex in the heart of Northeast Tacoma, centrally located between Federal Way and Downtown Tacoma. This property offers two spacious 3-bedroom 2- bath units (approx. 1,760 sq. ft.) and two large 2-bedroom 2- bath units (approx. 1,600 sq. ft.)—each with dedicated parking space, a private garage and upper units have private balconies. This is a true value-add opportunity with upside potential through rent increases to market levels and the ability to implement utility bill-backs. A solid investment for seasoned owners or those looking to expand their portfolio in a desirable, high-demand rental market. Perfect for owner occupancy.

1601 Norpoint Way NE, Tacoma

Listing courtesy of Keller Williams Rty Tacoma. Selling Office: CW Realty Group.

$840,000

Great investment property with easy access to I5 and commuting. Plenty of amenities are within a short couple minute drive for current and future tenants. 6.2% CAP RATE with room to improve. 3 of the 4 units are fully renovated with LVP flooring, Quartz Kitchen Counters, Marble Bathroom Counters, IN-UNIT W/D, and modern touches. Renovated within the last 5 years. Each unit has 1 carport spot and 2 guests spots as well as plenty of street side parking. Long and stable tenants. Could be owner occupied as one unit (#4) is vacant for perfect house hack+ opportunity. Call with any questions to helpful Listing Agent.

2435342 MLS ⋅ SOLD Status

Great investment property with easy access to I5 and commuting. Plenty of amenities are within a short couple minute drive for current and future tenants. 6.2% CAP RATE with room to improve. 3 of the 4 units are fully renovated with LVP flooring, Quartz Kitchen Counters, Marble Bathroom Counters, IN-UNIT W/D, and modern touches. Renovated within the last 5 years. Each unit has 1 carport spot and 2 guests spots as well as plenty of street side parking. Long and stable tenants. Could be owner occupied as one unit (#4) is vacant for perfect house hack+ opportunity. Call with any questions to helpful Listing Agent.

7330 S Wilkeson Street Unit #1-4, Tacoma

Listing courtesy of Sagareus Real Estate. Selling Office: Adelbern Real Estate LLC.

$1,200,000

Rare opportunity to own two side-by-side duplexes on 3.78 acres in Tacoma’s Spanaway area. Updated units feature vinyl windows, LVP flooring, modern kitchens, and baths. Each offers 2BR/1BA layouts with washer/dryer and single-car garage. Recent roofs (˜5 yrs). Unique value-add with a 21,000 SF secured yard—chain-link fenced, barbed wire top, rolling gate—perfect for RV/boat storage, contractor yard, or fleet parking. Two tax parcels with shared water meter, septic system, and (2) functional wells. Seller financing available.

2424703 MLS ⋅ SOLD Status

Rare opportunity to own two side-by-side duplexes on 3.78 acres in Tacoma’s Spanaway area. Updated units feature vinyl windows, LVP flooring, modern kitchens, and baths. Each offers 2BR/1BA layouts with washer/dryer and single-car garage. Recent roofs (˜5 yrs). Unique value-add with a 21,000 SF secured yard—chain-link fenced, barbed wire top, rolling gate—perfect for RV/boat storage, contractor yard, or fleet parking. Two tax parcels with shared water meter, septic system, and (2) functional wells. Seller financing available.

18808 38th Avenue E, Tacoma

Listing courtesy of Keller Williams Realty Bothell. Selling Office: 1 Percent Lists Tacoma.

Alex Foraker

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