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
$599,950
1206 Tule Lake Road S, Tacoma, WA 98444
4beds
4baths
2,052sqft
:
Get pre-qualified$3,774/mo
Duplex, Multi Family
Built in 1980
-- sqft lot
$597,200 Zestimate®
$292/sqft
$-- HOA
What's special
Ample parkingOutdoor spaceComfortable living spacesFunctional layoutsSpacious lot
- 86 days |
- 110 |
- 7 |
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: $292/sqft
- Annual tax amount: $6,902
- Date on market: 5/15/2026
- Cumulative days on market: 87 days
- Listing terms: Conventional,FHA
Estimated market value
$597,200
$567,000 - $627,000
$1,764/mo
Price history
| Date | Event | Price |
|---|---|---|
| 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
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 98444
Nearby schools
GreatSchools rating
- 3/10Brookdale Elementary SchoolGrades: K-5Distance: 0.5 mi
- 2/10Perry G Keithley Middle SchoolGrades: 6-8Distance: 0.4 mi
- 5/10Washington High SchoolGrades: 9-12Distance: 0.3 mi
- $444,5003 bd2 ba1.4k sqft1214 Tule Lake Rd S, Tacoma, WA 98444Sold
- $599,9504 bd4 ba2k sqft1205 130th St S, Tacoma, WA 98444For Sale
- $445,0003 bd2 ba1k sqft1209 130th St S, Tacoma, WA 98444Pending
- $453,8003 bd3 ba1.8k sqft1307 Tule Lake Rd S, Tacoma, WA 98444Sold
- $525,0003 bd3 ba1.7k sqft1308 129th St S, Tacoma, WA 98444Sold
- $540,0003 bd2 ba1.2k sqft1101 Tule Lake Rd S, Tacoma, WA 98444For Sale
- $517,0004 bd3 ba2.6k sqft1102 Tule Lake Rd S, Tacoma, WA 98444Sold
- $540,0004 bd2 ba2.1k sqft1316 129th St S, Tacoma, WA 98444Sold
A local agent can set up tours, give advice and negotiate with sellers.
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