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. 2026-02-20
Sold for $690,000
Zillow last checked:
Source: Berkshire Hathaway HomeServices NW,MLS#: NWM2438390
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2026 | Sold | $690,000-1.4%$271/sqft |
Source: Public Record Report a problem | ||
| 1/20/2026 | Pending sale | $700,000$275/sqft |
Source:  Berkshire Hathaway HomeServices NW #NWM2438390 Report a problem | ||
| 12/6/2025 | Price change | $700,000-2.8%$275/sqft |
Source: Berkshire Hathaway HomeServices NW #NWM2438390 Report a problem | ||
| 11/10/2025 | Price change | $720,000-1.4%$283/sqft |
Source: Berkshire Hathaway HomeServices NW #NWM2438390 Report a problem | ||
| 11/5/2025 | Price change | $730,000-2.7%$287/sqft |
Source: Berkshire Hathaway HomeServices NW #NWM2438390 Report a problem | ||
| 10/1/2025 | Listed for sale | $750,000+21%$295/sqft |
Source: Berkshire Hathaway HomeServices NW #NWM2438390 Report a problem | ||
| 9/12/2022 | Sold | $620,000+54.3%$244/sqft |
Source: Public Record Report a problem | ||
| 8/29/2017 | Sold | $401,769+27.6%$158/sqft |
Source: Public Record Report a problem | ||
| 10/2/2016 | Listing removed | $314,950$124/sqft |
Source: Keller Williams - Federal Way #956517 Report a problem | ||
| 6/29/2016 | Listed for sale | $314,950+5%$124/sqft |
Source: Keller Williams - Federal Way #956517 Report a problem | ||
| 3/15/2016 | Listing removed | $299,900$118/sqft |
Source: JohnSRealty #823405 Report a problem | ||
| 2/17/2016 | Listed for sale | $299,900$118/sqft |
Source: JohnSRealty #823405 Report a problem | ||
| 1/30/2016 | Pending sale | $299,900$118/sqft |
Source: JohnSRealty #823405 Report a problem | ||
| 10/8/2015 | Price change | $299,900-6.3%$118/sqft |
Source: JohnSRealty #823405 Report a problem | ||
| 7/27/2015 | Price change | $319,900-5.9%$126/sqft |
Source: JohnSRealty #823405 Report a problem | ||
| 4/23/2015 | Listed for sale | $339,950-2.9%$134/sqft |
Source: Keller Williams - Puyallup #772196 Report a problem | ||
| 11/1/2014 | Listing removed | $350,000$137/sqft |
Source: Puget Sound Real Estate Investors, LLC dba Keller Williams Realty Federal Way #682135 Report a problem | ||
| 9/14/2014 | Listed for sale | $350,000+214.2%$137/sqft |
Source: Puget Sound Real Estate Investors, LLC dba Keller Williams Realty Federal Way #682135 Report a problem | ||
| 7/9/1998 | Sold | $111,400$44/sqft |
Source: Public Record Report a problem | ||
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