Modern higher-end finishesTastefully updated duplex
Positioned in a desirable South Tacoma location within unincorporated Pierce County, this tastefully updated duplex offers a rare blend of immediate cash flow and long-term development upside. Each unit generates approximately $1,700/month in reliable rental income, making this an attractive turnkey investment with strong in-place returns. The property has been thoughtfully upgraded with modern, higher-end finishes that appeal to quality tenants, helping ensure consistent occupancy and rental stability. What truly sets this property apart is its Urban Corridor (UC) zoning designation, opening the door to a wide range of future development possibilities. UC zoning is intended to support higher-density residential and mixed-use projects, allowing for potential redevelopment into multi-family housing, townhomes, or even a mixed-use building with commercial space on the ground level and residential units above (buyer to verify with Pierce County). This creates a compelling opportunity for investors and developers alike to capitalize on the area’s continued growth and demand for housing. Whether you choose to hold and enjoy steady income, or plan for a future redevelopment project, this property offers flexibility, strong fundamentals, and upside potential in a growing corridor. Opportunities like this—combining current performance with forward-looking potential—are increasingly hard to find.
76 days
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51
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3
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Zillow last checked:
Listing updated:
Listed by:
David Joiner,
Triwood Realty
Source: NWMLS as distributed by MLS GRID,MLS#: 2512903
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Heating
Baseboard, Wall Furnace, Electric
Cooling
None
Features
Has fireplace: No
Interior area
Total structure area: 1,176
Total interior livable area: 1,176 sqft
Property
Parking
Total spaces: 10
Parking features: Garage
Garage spaces: 2
Uncovered spaces: 8
Lot
Size: 0.34 Acres
Features: Paved, Secluded, Value In Land
Details
Parcel number: 3810000864
Zoning description: See Remarks,Jurisdiction: County
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: Duplex
Property subtype: Duplex
Materials
Wood Siding, Wood Products
Roof: Composition
Condition
Updated/Remodeled
Year built: 1972
Major remodel year: 1990
Utilities & green energy
Sewer: Sewer Connected
Community & HOA
Community
Subdivision: Larchmont
Location
Region: Tacoma
Financial & listing details
Price per square foot: $535/sqft
Annual tax amount: $4,791
Date on market: 5/1/2026
Cumulative days on market: 76 days
Listing terms: Conventional,FHA,VA Loan
Estimated market value
Zestimate®
$622,200
Estimated sales range
$591,000 - $653,000
Rent Zestimate®
$1,922/mo
Price history
Date
Event
Price
5/1/2026
Listed for sale
$629,000+48.9%$535/sqft
Source: NWMLS as distributed by MLS GRID #2512903Report a problem
6/28/2021
Sold
$422,500+5.9%$359/sqft
Source: NWMLS as distributed by MLS GRID #1762588Report a problem
4/28/2021
Pending sale
$399,000$339/sqft
Source: NWMLS as distributed by MLS GRID #1762588Report a problem
4/23/2021
Listed for sale
$399,000$339/sqft
Source: NWMLS as distributed by MLS GRID #1762588Report a problem
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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