Prime investment in this Tacoma triplex! Fully occupied with solid, market-rate tenants and zero vacancies. Net Operating Income $39,043 annually, cap rate 5.28%; a true plug-and-play investment. Each 1040sf unit has its own level, in-unit laundry, separate utility meters, one garage space w/ alley access. Consistent updates include remodeled kitchens, heating, appliances, flooring, hot water tanks, and newer roofs (triplex & garage). Enjoy fully fenced backyard w/ 2 patios & raised garden beds. Located in Tacoma’s Lincoln District—minutes to I-5, plus walkable to schools, transit, grocery, coffee, restaurants, and parks. Tenants love living here and want to stay—rare chance for stable, cash-flowing property in high-demand rental market.
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Listing Snapshot
Price
$740,000
Days On Site
33 Days
Bedrooms
N/A
Inside Area (SqFt)
3,120 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.1104 Acres
Year Built
1910
MLS® Number
2426626
Status
Active
Property Tax
$6,923
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
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Recent Activity
4 weeks ago
Listing updated with changes from the MLS®
a month ago
Status changed to Active
a month ago
Listing first seen on site
General Features
Acres
0.1104
Additional Property Use
Multi-Family
Foundation
Block
Number Of Stories
3
Parking Spaces
5
Property Sub Type
Multi Family
SqFt Total
3120
Utilities
Sewer Connected
Water Source
Public
Zoning
Multi-Family
Interior Features
Flooring
Ceramic TileLaminateVinyl
Heating
ElectricNatural GasBaseboard
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Exterior Features
Construction Details
Wood Siding
Fencing
Fenced
Lot Features
Paved
Patio And Porch
DeckPatio
Roof
Flat
Community Features
Association Amenities
Storage
Financing Terms Available
ConventionalFHAVA Loan
MLS Area
51 - South Tacoma
School District
Tacoma
Schools
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Courtesy of NWMLS
Listing courtesy of Rachel Veary of 1 Percent Lists Tacoma
Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-10-21 01:31 AM PDT
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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