Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 5.08% 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.
Sold
Listed by: Berkshire Hathaway HS NW • William Weflen
Bought with: HomeSmart Real Estate Assoc
$690,000
1122 Lafayette St S #1-4, Tacoma, WA 98444
4beds
4baths
2,546sqft
Quadruplex, Multi Family
Built in 1957
-- sqft lot
$690,700 Zestimate®
$271/sqft
$1,966 Estimated rent
Home value
$690,700
$649,000 - $739,000
$1,966/mo
Zestimate® history
Owner options
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$1,966/mo
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$1,966/mo
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$4,248/mo
Est. payment
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$4,248/mo
Est. payment
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List your homeWhat's special
Updated unitsBrand-new metal roofNew paint
Zillow last checked:
Listing updated:
Listed by:
William Weflen,
Berkshire Hathaway HS NW
Bought with:
Kym Knudson, 26059
HomeSmart Real Estate Assoc
Source: NWMLS as distributed by MLS GRID,MLS#: 2438390
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Wall Furnace, Electric
Cooling
- Wall Unit(s)
Features
- Flooring: Laminate, Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,546
- Total interior livable area: 2,546 sqft
Property
Parking
- Total spaces: 10
- Parking features: Open
- Uncovered spaces: 10
Lot
- Size: 7,000 Square Feet
- Features: Corner Lot, Paved, Cable TV, Fenced-Partially, Patio
Details
- Parcel number: 5845000191
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4-Plex
- Property subtype: Quadruplex, Multi Family
Materials
- Stucco
- Foundation: Poured Concrete
- Roof: Metal
Condition
- Good
- Year built: 1957
- Major remodel year: 1993
Utilities & green energy
- Electric: Company: Parkland Water & Light
- Sewer: Available, Company: Pierce County Sewer
- Water: Public, Company: Parkland Water & Light
Community & HOA
Community
- Subdivision: Parkland
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $271/sqft
- Annual tax amount: $6,603
- Date on market: 12/7/2025
- Cumulative days on market: 227 days
- Listing terms: Assumable,Conventional,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2026 | Sold | $690,000-1.4%$271/sqft |
Source:  NWMLS as distributed by MLS GRID #2438390 Report a problem | ||
| 1/20/2026 | Pending sale | $700,000$275/sqft |
Source: NWMLS as distributed by MLS GRID #2438390 Report a problem | ||
| 12/5/2025 | Price change | $700,000-2.8%$275/sqft |
Source: NWMLS as distributed by MLS GRID #2438390 Report a problem | ||
| 11/9/2025 | Price change | $720,000-1.4%$283/sqft |
Source: NWMLS as distributed by MLS GRID #2438390 Report a problem | ||
| 10/20/2025 | Price change | $730,000-2.7%$287/sqft |
Source: NWMLS as distributed by MLS GRID #2438390 Report a problem | ||
| 10/1/2025 | Listed for sale | $750,000+21%$295/sqft |
Source: NWMLS as distributed by MLS GRID #2438390 Report a problem | ||
| 9/12/2022 | Sold | $620,000+3.4%$244/sqft |
Source: NWMLS as distributed by MLS GRID #1955357 Report a problem | ||
| 7/23/2022 | Pending sale | $599,900$236/sqft |
Source: NWMLS as distributed by MLS GRID #1955357 Report a problem | ||
| 7/16/2022 | Listed for sale | $599,900$236/sqft |
Source: NWMLS as distributed by MLS GRID #1955357 Report a problem | ||
| 6/29/2022 | Pending sale | $599,900$236/sqft |
Source: NWMLS as distributed by MLS GRID #1955357 Report a problem | ||
| 6/22/2022 | Listed for sale | $599,900+49.2%$236/sqft |
Source: NWMLS as distributed by MLS GRID #1955357 Report a problem | ||
| 8/29/2017 | Sold | $402,050$158/sqft |
Source: NWMLS as distributed by MLS GRID #1154416 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 98444
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Nearby schools
GreatSchools rating
- 7/10James Sales Elementary SchoolGrades: K-5Distance: 0.1 mi
- 2/10Perry G Keithley Middle SchoolGrades: 6-8Distance: 0.7 mi
- 5/10Washington High SchoolGrades: 9-12Distance: 0.8 mi
Schools provided by the listing agent
- Elementary: James Sales Elem
- Middle: Perry G Keithley Mid
- High: Wash High
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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Estimated market value
$690,700
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$690,700
- Washington
- Pierce County
- Parkland
- 98444
- 1122 Lafayette St S Unit 1-4
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