Tacoma WA Multi-Family Homes for Sale

Looking to expand your Tacoma multifamily portfolio or make your first investment? This fourplex offers a strong value-add opportunity with several major improvements already completed or underway. The exterior has been freshly painted, two units have been fully renovated, and two additional units have received bathroom updates. The crawl space has also been improved with a new vapor barrier and insulation, and a new roof is scheduled for installation. Additional upside remains in the two units that have not yet been fully renovated, along with the opportunity to bring rents closer to current market levels. With an effective renovation and leasing strategy, the property offers the potential to improve cash flow, target approximately a 6% return, and build long-term equity through increased income and property value. A solid opportunity for an investor looking to improve an existing asset, increase rents and unlock additional value in the Tacoma market.

917 A-D 75th Street E, Tacoma

Listing courtesy of Keller Williams Rty Tacoma.

$850,000

2574982 MLS ⋅ ACTIVE Status

Incredible Opportunity in North Tacoma with this Versatile Triplex for Investors or Owner-Occupants. Don’t miss this rare chance to own a versatile, income-producing triplex in one of North Tacoma’s most desirable neighborhoods. Whether you’re an investor seeking strong rental returns or an owner-occupant looking to live in one unit while generating income, this well-priced property offers remodel possibilities for future equity development potential, flexibility. Zoning is Commercial C-1 (Multi-Family Apts, 5+ Units),which opens the door to expanded possibilities (buyer to verify)—Unit B at one time operated as a small-scale retail storefront,professional office,& general/personal service space,this is giving opportunity for options beyond residential use.All three apartments are spacious and could be used for short or long term rental,each featuring a full kitchen, bathroom, and washer/dryer access: Unit A is 1,017 sq ft, two-story with 2 bedrooms, high ceilings, & a peek-a-boo water views; Unit B is 1,061 sq ft has an open floor plan, 3 bedrooms, and high ceilings; Unit C is an upper-level 1,044 sqft unit with 3 bedrooms & multiple views.The property has abundant parking with front,side,& rear alley access, 968 sq ft shop & garage,plus a fenced yard & deck.Just minutes from Point Defiance Park, the Proctor District, Ruston Point, shopping, restaurants, & ferry.Properties with this combination of versatility, space, location with possible expansion are rare. Sold "AS IS".

5019 N 46TH Street, Tacoma

Listing courtesy of HomeSmart Real Estate Assoc.

$680,000

2573774 MLS ⋅ ACTIVE Status

Tacoma Fourplex with growth potential! This large corner lot comes with views of the mountain and craftsman charm. The up and coming Hilltop area has undergone a substantial transformation and is now a favorite for investors who want to be in the path of progress. Nearby hospitals, restaurants and the incoming light rail put this near job growth opportunities. The main level has tall 9 ft ceilings and a shared basement provides storage and laundry. The detached garage has 3 bays, currently leased to the tenants but could potentially be rented out as storage units or developed into a future DADU. One unit available for showings, inspection report, floorplan and 3D tour available upon request.

1522 S M Street, Tacoma

Listing courtesy of Windermere Abode.

$610,000

2571248 MLS ⋅ ACTIVE Status

Don't miss this fantastic opportunity to own a lovingly remodeled Craftsman duplex in the heart of Tacoma’s Wedge neighborhood. Perfectly positioned within walking distance to all the dining and nightlife that 6th Ave has to offer. While also being a quick jaunt to the bustling Stadium District, this property balances classic Craftsman charm with thoughtful modern updates. The main floor 2 bed 1 bath unit offers 1,384 square feet of finished living space, showcasing refinished hardwood floors, spacious living and dining rooms, an updated kitchen, and direct basement access with ample storage. Upstairs, the fully remodeled 1 bed 1 bath unit features a stylish TV/entertainment room, an updated kitchen with a cozy eating nook, and a ductless mini-split system for efficient heating and Summer cooling. This property is truly turn-key and move-in ready, which is ideal for strong rental income or a great potential house hack. Stroll to neighborhood favorites like Balloon Roof Bakery, Bluebeard Coffee, State Street, and so much more!

1216 S 4th Street, Tacoma

Listing courtesy of Windermere Abode.

$445,000

2572009 MLS ⋅ ACTIVE Status

Located in Tacoma’s Yakima neighborhood, this 4BD/2BA Victorian duplex presents a full rehabilitation opportunity for investors, builders, or buyers looking to create value from the ground up. The structure is currently in derelict condition and will require extensive repairs and updates throughout. The home shows significant deferred maintenance, with visible wear to the exterior siding, roofing, and windows. Inside, the property will need a complete overhaul, including flooring, walls, fixtures, and major systems such as electrical, plumbing, and HVAC. The condition suggests this is best suited for a cash purchase or renovation financing. Situated with access to local amenities, commuter routes, and Tacoma services, the location remains a strong point for future upside after renovation. This is a true fixer-upper being sold as-is, ideal for those ready to take on a substantial project and unlock the property’s potential. Current mortgage is VA and may be assumable with 2.25% interest rate $409K

1220 Yakima Avenue, Tacoma

Listing courtesy of 5 Star Property Management.

$625,000

2571470 MLS ⋅ ACTIVE Status

Discover the perfect house-hack or multi-generational living opportunity in Tacoma’s Fern Hill neighborhood. Beautifully remodeled, this home with an attached dwelling / duplex, giving you flexible options: live in one unit and rent the other, rent both, or keep loved ones close with separate, private spaces. The front unit features 2 bedrooms, 1 updated bathroom, its own washer/dryer hookups, luxury vinyl plank flooring, modern soft-close white cabinets, quartz counters, tile backsplash, and stainless steel appliances. A large front yard and driveway parking for 2 cars make it feel like its own standalone home. The back unit offers 3 bedrooms and 1 updated bathroom, with large windows that bring in abundant natural light, its own laundry hookups, and parking for up to 3 cars in the back area. The entire property is fully fenced with thoughtfully separated yard spaces for the front and back, ideal for pets, play, gardening, and outdoor entertaining while preserving privacy for each household. With a newer roof, siding, gutters, and furnace, much of the heavy lifting is already done. All of this is centrally located just minutes from Fern Hill’s local shops, restaurants, parks, grocery options, and convenient commuter routes, making it highly attractive to both future tenants and owner-occupants alike.

8823 S Yakima Avenue, Tacoma

Listing courtesy of COMPASS.

$525,000

2570348 MLS ⋅ ACTIVE Status

Unique opportunity on Center Street! This property offers three homes on one parcel, creating a range of potential uses and investment strategies such as multi-family potential. The property features M-1 zoning within a Light Industrial District, allowing for many manufacturing, industrial, and other permitted uses. Property has two garages/workshops. The homes need cosmetic updates, while most mechanical systems have been updated. Excellent frontage provides strong visibility and accessibility. Explore the possibilities for residential use, investment, redevelopment, or future business applications. Buyer to verify all uses, zoning, and development options.

2829 S Asotin Street, Tacoma

Listing courtesy of Redfin.

$850,000

2570909 MLS ⋅ ACTIVE Status

BRAND NEW construction just 3 minutes from prestigious Pacific Lutheran University! This beautifully designed duplex offers an incredible opportunity for first-time buyers, investors, or anyone looking for the perfect house hack. Each approximately 1,322 SF residence features a light-filled, open-concept main level with spacious living and dining areas, a stylish kitchen, and convenient powder room. Sleek, flat-panel Euro-style cabinetry, quartz countertops, and warm white lighting create a clean, modern aesthetic. Upstairs, the generous primary suite includes a private full bath, plus 2 additional bedrooms and another full bathroom. Enjoy a quiet backyard patio with privacy fencing and beautiful new landscaping. Each unit includes a 1-car garage PLUS tons of additional parking—a rare find! Builder’s warranty provides added peace of mind. Fantastic location with easy freeway access and exceptional proximity to PLU. Live in one and rent the other, add a turnkey investment to your portfolio, or create a smart path to homeownership!

612 & 614 122nd Street Ct E, Tacoma

Listing courtesy of Commencement Bay Brokers LLC.

$1,100,000

2568515 MLS ⋅ ACTIVE Status

$157,143 PER UNIT IN A+ TACOMA LOCATION | The Prime Stadium District 7-Unit is a turnkey apartment investment in one of Tacoma's most sought-after neighborhoods. The three-story building consists of five one-bedroom units averaging approximately 606 square feet and two studios averaging approximately 520 square feet, a unit mix that has proven easy to keep full in this submarket. The renovation work is already done. Current ownership has updated every unit with a mix of refinished hardwood floors, granite countertops, new kitchen cabinetry, stainless steel appliances, tiled backsplashes, new bathroom tub surrounds, vanities, toilets, and LED lighting. Ownership also installed a brand-new composition roof last year, taking the largest near-term capital expense off the table for a new owner. Units 1 and 6 have in-unit washers and dryers, and the remaining units share a common laundry room in the basement. The property sits on a corner lot within walking distance of the restaurants, retail, and amenities that define the Stadium District, with convenient access to Tacoma's major employment centers. That location, in a safe and affluent neighborhood, is why operations have been exceptionally stable with near-zero economic vacancy throughout current ownership.

222 N I Street, Tacoma

Listing courtesy of Blake Investment Advisors.

$550,000

2569356 MLS ⋅ ACTIVE Status

STOP SCROLLING!! Investor Special! Located in the Heart of Downtown Tacoma. This four-unit property presents an exceptional opportunity for investors, builders or owner-occupants looking to unlock significant potential through renovation and improvements. With strong income potential and a highly desirable location this four-plex offers endless opportunities. The property is conveniently located near local shops, restaurants , entertainment, public transportation and major medical facilities. Residents will enjoy easy access to everything the city of Tacoma has to offer. Bring your vision and creativity to transform this property into an amazing investment opportunity. Properties with this size , location and potential are becoming increasingly more difficult get it while it last. Sold AS IS

817 S 13th street, Tacoma

Listing courtesy of Goldhouse Realty.

$699,500

2569509 MLS ⋅ ACTIVE Status

Wonderful UPS area Craftsman home with covered front porch with two separate living spaces. All brick recently tuckpointed. New roof in 2024. New fence and updates throughout the home. The main floor has a comfortable living room / dining room area with prefinished hardwood flooring, electric fireplace with brick hearth and built-ins, coved ceilings and arch doorways. The kitchen has been remodeled with beautiful quartz countertops, white shaker cabinets, scalloped tile backsplash, stainless appliances and hexagon tile flooring. Cozy breakfast nook. Beautifully updated full bath and two main floor bedrooms. Upstairs is separately metered and offers 2 additional bedrooms, updated bath with stylish finishes and a 2nd kitchen. It is apparent when walking thorough that this home has been so well kept and updated over time. New furnace, double pane vinyl windows, copper and Pex plumbing throughout and mostly updated electrical. Generous backyard with easy-care turf! Convenient to all of the amenities of the 6th Ave District and to the Proctor District.

3417 N 8th Street, Tacoma

Listing courtesy of Windermere Prof Partners.

$615,000

2565908 MLS ⋅ PENDING Status

Exceptional investment opportunity with extensive updates already completed! This well-maintained duplex offers peace of mind for both owner-occupants and investors, featuring a new roof installed in 2019, a full plumbing re-pipe completed in 2021, and new electrical panels in both units (2021 & 2024). Unit 3801 was upgraded with an energy-efficient ductless heat pump in 2021 for year-round comfort, while Unit 3803 received stylish kitchen and bathroom updates in 2024, adding modern appeal for tenants. A new vinyl privacy fence installed in 2022 enhances the outdoor space, and nearly every appliance has been replaced within the past seven years of ownership, with the exception of one clothes dryer. With major systems already updated and thoughtful improvements throughout, this turnkey multi-family property is an outstanding opportunity to generate rental income or expand your investment portfolio.

3801 3803 56th Street Ct E, Tacoma

Listing courtesy of Redfin.

$580,000

2566430 MLS ⋅ ACTIVE Status

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.

818 138th Street E, Tacoma

Listing courtesy of Park 52, Inc..

$675,000

2567270 MLS ⋅ ACTIVE Status

Looking for a great investment? Something to add to your portfolio? This wonderful 6 bedroom, 4 bath duplex is just the key! Fully remodeled in 2023 on one side and the other side was fully remodeled in 2014. New Roof in 2014, white cabinets, quarts counter tops, stainless appliances, new flooring, all new trim, popcorn ceilings were scraped and textured. All new sinks, heaters and outlets replaced. Huge back yard, one car garage on each side and all appliances stay! Newer vinyl windows, crawlspace insulated, newer garage doors and all gutters replaced. Nice driveway for parking, quiet area and close to schools, shopping, restaurants and JBLM. Make sure you check this nice duplex 6 bedroom, 4 bath out today!

17620 17622 30th Avenue Ct E, Tacoma

Listing courtesy of John L. Scott, Inc.

$627,770

2566274 MLS ⋅ PENDING INSPECTION Status

Rare opportunity in Tacoma’s vibrant Lincoln District! Recently refreshed - remodeled triplex featuring three private residences with separate entrances, a strong 25+ year rental history, detached garage - and storage. Ideal for investors, multigenerational living, or owner-occupants—live in one unit while generating income from the others. Conveniently located near shopping, schools, dining, transit, and major freeway access. A hard-to-find multifamily vacant property in good condition, offering immediate income potential and long-term flexibility. Multiple possibilities and a great investment opportunity—don’t miss it!

758 S 39th Street, Tacoma

Listing courtesy of Skyline Properties, Inc..

$725,000

2565769 MLS ⋅ ACTIVE Status

This Tacoma classic 4 bedroom home + DADU in Central Tacoma is ready for its new owner! The main house was remodeled when the DADU was built in 2023; this is a completely move-in ready house! As you enter the home you'll notice LVP flooring throughout the main level and into the kitchen. The sizable living room has a cozy fireplace as the centerpiece of the home! The bathroom on the main level is also tastefully updated with a modern vanity and a beautifully tiled shower. Upstairs are 2 nice-sized bedrooms that can also double as bonus rooms or office-space as well! In the back yard, enjoy the covered porch with built-in seating and the composite deck! This is a great place for enjoying summer months, gatherings, and staying dry in the winter months. This home is just 2 minutes from freeway access, close to all hospitals, and less than 20 minutes to JBLM. Come and tour it today!

1750 S Anderson Street, Tacoma

Listing courtesy of COMPASS.

$729,900

2565099 MLS ⋅ ACTIVE Status

Rare opportunity in one of Pierce County’s most desirable locations. This fully recently renovated duplex features updated bathrooms, kitchens, flooring, doors, finishes, trim, and more — move-in ready with modern updates throughout. 6.57% Cap Rate! Live in one side and rent the other, or rent both units for strong cash flow (currently $2,850 + $2,200). The property sits on a large private lot, secluded down a long driveway and backed by a beautiful green belt and partial views of Mount Rainier. The front portion of the lot also offers future development potential. Minutes to I-5, shopping, and Browns Point waterfront with excellent schools nearby. No HOA! Plenty of parking and a spacious lot round out this hard-to-find opportunity in a high-demand area. Opportunities like this are rare-- don't miss your chance! Buyers to verify all developmental potential. Interior viewing available with 48 hour notice.

6425 7th Street NE, Tacoma

Listing courtesy of Best Choice Realty LLC.

$599,999

2562234 MLS ⋅ PENDING Status

Exceptional turnkey investment opportunity in the heart of Downtown Tacoma near Wright Park! Fully renovated, this property functions as a tri-plex while maintaining its legal duplex status, offering two spacious 3-bedroom units, plus a finished lower-level 2-bedroom unit for additional income potential. All three units have been extensively updated and are currently vacant, providing flexibility for investors seeking market rents or owner-occupants looking to offset their mortgage with rental income. Three separate electric meters allow tenants to pay their own electricity, helping reduce operating expenses. The property also offers outstanding future upside with potential to construct a Detached Accessory Dwelling Unit (DADU) in the rear yard, creating the opportunity for a 4th additional income-producing unit. A freshly improved backyard, alley access, and three dedicated parking spaces further enhance the property's functionality and appeal. Located amongst major hospitals, medical facilities, transit, the Tacoma Link light rail, downtown Tacoma, and major commuter routes, this is an ideal location for healthcare professionals, commuters, and long-term tenants alike. A rare opportunity to acquire a move-in-ready investment property with immediate cash flow potential and future development possibilities. Buyer to verify all redevelopment, zoning, and DADU potential. Approx. 11.6% cap rate, $84,000 gross annual income, and $7,000/month in rental income.

615 Martin Luther King Jr Way, Tacoma

Listing courtesy of 1 Percent Lists Tacoma.

$500,000

2562140 MLS ⋅ ACTIVE Status

Wonderful investment property ready to rent! Unit A- occupied newly signed lease at $1895/month. Features 3 bedroom 1 bath, 2 stories with full kitchen and full bath. W/D in unit, large front porch, excellent location in central Tacoma. Unit B- recently updated on lower level. 2 bedroom 1 bath. 3 parking spots plus street parking. Backyard features shared garden area, and room to play on a good lot. Come take a look today, and buy your next investment property!

1110 S 25th Street Unit #A/B, Tacoma

Listing courtesy of Keller Williams Realty PS.

$870,000

2560887 MLS ⋅ PENDING INSPECTION 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.

Tacoma WA Multi-Family Style Real Estate & Homes

Browse All Multi-Family Style Properties for Sale

Alex Foraker

SEARCH

RESOURCES

About