Excellent multi-family investment opportunity in South Tacoma offering strong cash flow potential and long-term upside. Situated on a spacious lot, this property features multiple income-producing units with functional layouts, comfortable living spaces, and strong rental appeal. Investors will appreciate the opportunity to generate steady monthly income while benefiting from Tacoma’s continued rental demand and growth.The property offers ample parking, outdoor space, and convenient access to shopping, schools, public transportation, JBLM, and major commuter routes—making it highly attractive to tenants. Whether you’re expanding your portfolio, house hacking, or seeking a value-add opportunity with future upside, this property presents flexibility and income potential in a desirable location.A rare chance to own a versatile multi-family asset with immediate revenue potential and room for future growth.
Active
Listed by: Coldwell Banker Bain • Tyler Vlasak
Price cut: $50K (8/24)
$550,000
1206 Tule Lake Road S, Tacoma, WA 98444
4beds
4baths
2,052sqft
Duplex, Multi Family
Built in 1980
-- sqft lot
$549,800 Zestimate®
$268/sqft
$-- HOA
What's special
Ample parkingOutdoor spaceComfortable living spacesFunctional layoutsSpacious lot
- --
- on Zillow
- 537
- views
- 58
- saves
Zillow last checked:
Listing updated:
Listed by:
Tyler Vlasak,
Coldwell Banker Bain
Source: NWMLS as distributed by MLS GRID,MLS#: 2525044
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Forced Air, Wall Furnace, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,052
- Total interior livable area: 2,052 sqft
Property
Parking
- Total spaces: 5
- Parking features: Garage
- Garage spaces: 1
- Uncovered spaces: 4
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 0.29 Acres
- Features: Paved
Details
- Parcel number: 9175000177
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Year built: 1980
Utilities & green energy
- Electric: Company: Parkland Light & Water
- Sewer: Sewer Connected, Company: Pierce County
- Water: Public, Company: Parkland Light & Water
Community & HOA
Community
- Subdivision: Parkland
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $268/sqft
- Annual tax amount: $6,902
- Date on market: 5/15/2026
- Listing terms: Conventional,FHA,VA Loan
Estimated market value
$549,800
$522,000 - $577,000
$1,889/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2026 | Price change | $550,000-8.3%$268/sqft |
Source:  NWMLS as distributed by MLS GRID #2525044 Report a problem | ||
| 5/15/2026 | Listed for sale | $599,950$292/sqft |
Source: NWMLS as distributed by MLS GRID #2525044 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: 98444
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