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$750,000
19 Days On Site

Mildred
1122 Lafayette St S 1-4
Tacoma, WA 98444

For Sale|Multi Family|Active
0
Beds
0
Total Baths
2,546
SqFt
$295
/SqFt
1957
Built
Cumulative Days On Market:
19
Subdivision:
Parkland
County:
Pierce
Courtesy of NWMLS
Listing courtesy of William Weflen of Berkshire Hathaway HS NW

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253-209-1572
1122 Lafayette St S 1-41122 Lafayette St S 1-41122 Lafayette St S 1-41122 Lafayette St S 1-4
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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.

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Listing Snapshot
Price 
$750,000
Days On Site 
19 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,546 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1607 Acres
Year Built 
1957
MLS® Number 
2438390
Status 
Active
Property Tax 
$6,603
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoListing first seen on site
General Features
Acres 
0.1607
Number Of Stories 
1
Parking Spaces 
10
Property Sub Type 
Multi Family
SqFt Total 
2546
Utilities 
Cable AvailableSewer Available
Water Source 
Public
Interior Features
Cooling 
Wall Unit(s)
Flooring 
LaminateCarpetVinyl
Heating 
Electric
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Exterior Features
Construction Details 
Stucco
Fencing 
Partial
Lot Features 
Corner LotPaved
Patio And Porch 
Patio
Roof 
Metal
Community Features
Association Amenities 
Coin LaundryStorage
Financing Terms Available 
AssumableConventionalFHAVA Loan
MLS Area 
63 - Parkland
School District 
Franklin Pierce
Schools
School District
Franklin Pierce
Elementary School
James Sales Elem
Middle School
Perry G Keithley Mid
High School
Wash High
Courtesy of NWMLS
Listing courtesy of William Weflen of Berkshire Hathaway HS NW



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: 2025-10-20 01:38 PM 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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