WA > Tacoma > Parkland
Tacoma, WA 98444,1122 Lafayette St S #1-4
Tacoma, WA 98444,1122 Lafayette St S #1-4
Tacoma, WA 98444,1122 Lafayette St S #1-4
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Ranjani Ravi

Ranjani Ravi

+1(425) 906-3948
Listed by Berkshire Hathaway HS NW
$750,000
Est. payment /mo
4 Beds
4 Baths
2,546 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,546 sqft

Price per Sqft $294

Subdivision Parkland

MLS Listing ID 2438390

Style 54 - 4-Plex

Bedrooms 4

Year Built 1957

Annual Tax Amount $6,603

Lot Size 7,000 Sqft

Property Sub-Type Multi Family

Property Description

Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 4.95% 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.

Location

State WA

County Pierce

Area 63 - Parkland

Interior

Flooring Laminate, Vinyl Plank, Carpet

Fireplace false

Exterior

Exterior Feature Stucco

Amenities Available Cable TV, Fenced-Partially, Patio

View Y/N No

Roof Type Metal

Building

Lot Description Corner Lot, Paved

Sewer Available

Water Public

New Construction No

Schools

Elementary Schools James Sales Elem

Middle Schools Perry G Keithley Mid

High Schools Wash High

School District Franklin Pierce

Others

Senior Community No

Acceptable Financing Assumable, Cash Out, Conventional, FHA, VA Loan

Listing Terms Assumable, Cash Out, Conventional, FHA, VA Loan

Virtual Tour https://player.vimeo.com/video/1123422835

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Northwest MLS (NWMLS)
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Ranjani Ravi

Ranjani Ravi

+1(425) 906-3948

Managing Broker | License ID: 23004133

Managing Broker License ID: 23004133

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