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$639,999
2558010 MLS ⋅ ACTIVE Status
Exceptional Turnkey Investment Opportunity! Beautifully updated historic duplex offering outstanding income potential & exceptional value. Previously rented for $5,300/MONTH ($2,650 per unit), there’s nothing left to do but place your tenants! IMMEDIATE RENTAL OPPORTUNITY! No renovations needed—just place your tenants & start generating income. OWNER-OCCUPANT/HOUSE HACK OPPORTUNITY! Live in one unit while renting the other to help offset a substantial portion of your monthly mortgage payment while building equity.Both units have the comfort & feel of a single-family home. Each offers 1,118 sq ft with 4 bedrooms, for a total of 8 BEDROOMS, 2.75 baths, and 2,236 sq ft.Extensively remodeled approximately 3–4 years ago with beautifully updated kitchens & bathrooms, fresh interior paint, new carpeting, and newer kitchen appliances. ALL APPLIANCES STAY, including refrigerators, ranges, dishwashers, washers, and dryers. Major improvements include a NEWER ROOF, aluminum downspouts, vapor barrier in the walkable crawl space, and newer ABS sewer line.Ideally located in Tacoma’s vibrant Hilltop neighborhood just minutes from major hospitals, LIGHT RAIL, public transit, Ruston Way, the 6th Avenue dining & entertainment district, the Stadium District, and Downtown Tacoma. Opportunities to own a beautifully updated duplex offering TWO INCOME-PRODUCING UNITS, 8 BEDROOMS, and this level of rental potential at such an attractive price point are FEW AND FAR BETWEEN!

1214 S 8th Street Unit #1 & 2, Tacoma

Listing courtesy of RE/MAX Equity Group.

$325,000
2550405 MLS ⋅ ACTIVE Status
Attention builders, developers, and high-yield investors: This is a premier urban infill opportunity you cannot afford to miss. Located in Tacoma’s highly coveted URX zone with zero base lot line limits, this parcel is fully optimized to maximize your rentable footprint. A formal City pre-application review is already complete for a 20-unit Efficiency Dwelling Unit (EDU) development, with 12-unit traditional options also vetted. Architectural layouts are available. EDUs eliminate the need for standard parking, allowing for a 100% focus on high-yield, income-generating units. The financial upside here is unmatched. The site fully qualifies for Tacoma’s powerful Multifamily Property Tax Exemption (MFTE) program, unlocking a lucrative 8-, 12-, or 20-year property tax exemption to maximize your net operating income (NOI) from day one. Rental velocity is supported by an exceptional location with premier walkability—situated just blocks from the Hilltop District T-Line light rail station and minutes from the massive Hilltop medical employment hub, including Tacoma General and St. Joseph Medical Center. Boundary and topography surveys are complete and included. Infill plays of this caliber are rare—act fast to secure this high-margin project. Buyer to verify all information to their satisfaction.

2029 S 8th Street, Tacoma

Listing courtesy of Windermere Real Estate/Summit.

$2,400,000
2485504 MLS ⋅ ACTIVE Status
Sheridan Apartments | 9-Unit Fully Renovated Multifamily | 100% Occupied | $122,921 NOI Rare opportunity to acquire a fully stabilized, turnkey 9-unit asset in the heart of Central Tacoma. Sheridan Apartments offers immediate in-place cash flow with $194,000 gross income and $122,921 NOI, delivering strong performance from day one. This early 1900s Craftsman property has been extensively renovated, including fully updated interiors and a major electrical upgrade. There is no deferred maintenance, making this an ideal solution for investors seeking a low-management, quality asset. The diverse unit mix includes 2 detached homes, 5 apartment units, and 2 townhomes, creating strong tenant appeal and income stability. The property is 100% occupied and has demonstrated significant rent growth over the past several years, reflecting both operational strength and Tacoma’s expanding rental market. Located in Central Tacoma with a Walk Score of 86, the property benefits from proximity to JBLM, major healthcare employers, and multiple higher education campuses. JBLM alone supports over 52,000 employees with substantial off-base housing demand, reinforcing long-term rental stability. Whether completing a 1031 exchange or adding a stabilized asset to your portfolio, Sheridan Apartments provides immediate income, renovation quality, and long-term upside in one of Washington’s most supply-constrained markets.

1319 S 9 Street, Tacoma

Listing courtesy of Keasy Property Management.

$175,000
2498189 MLS ⋅ ACTIVE Status
Buildable ~2,600 SF lot in a convenient Tacoma location with strong development potential. Configured as Unit 2 in a condo-style setup, offering a unique opportunity for small-scale development without traditional subdivision timelines. Duplex layout concept and plans already completed, giving builders and investors a clear path forward. Ideal for new construction, rental income, resale, or a house hack strategy. Property is subject to a condominium declaration (CC&Rs), with no active HOA management or monthly dues currently in place. Access is available via S Ainsworth Ave and/or the alley, with defined use and ownership structure for clarity. Located near shopping, dining, transit, and major commuter routes—making it attractive for future tenants or resale. Strong upside in a growing Tacoma market with continued housing demand.

909 S Ainsworth Avenue, Tacoma

Listing courtesy of John L. Scott, Inc.

$950,000
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.

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.
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