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About the Listing 1790 - 114885
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.
Listing Highlights for 1122 Lafayette St S 1-4
Status
Active
Days on Site
10
Property Type
Multi-Family
MLS ®
2438390
Year Built
1957
Total Square Footage
2,400
Lot/Acreage
0.16
County
Pierce
Building Name
Mildred
Neighborhood
Parkland
Area
63 - Parkland
School District
Franklin Pierce
Elementary School
James Sales Elementary
Middle School
Perry G Keithley Middle
High School
Wash High
Interior Details
- Bedrooms: 4
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Laminate,Vinyl Plank,Carpet
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Parkland Water & Light
Exterior Details
- Lot Description: Corner Lot,Paved,Cable TV,Fenced-Partially,Patio
- Garage Capacity: N/A
- Parking Spaces: 10
- Roof: Metal
- Others: Stucco,Good
- Sewer: Pierce County Sewer
Financial Details
- Tax Amount: $6,603
- Taxes w/Assessments: N/A
- Tax/Property ID: 5845000191
- Tax Year: 2025
Payment Calculator
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Listing Location
Questions About..
1122 Lafayette St S 1-4 Tacoma, WA 98444
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