Turn-key investment opportunity! This incredible duplex features two freshly remodeled and updated units, currently tenant-occupied and generating immediate rental income. Ideally located with quick access to Pacific Avenue and I-5, this property is surrounded by a strong lineup of neighborhood-serving shops and restaurants. The immediate area boasts institutional landmarks like Lincoln High and offers practical everyday access to local parks, schools, and convenient transit connections. Perfect for an investor looking for a stabilized asset in a high-convenience location!
Active
Listed by: WA Move Real Estate LLC • Timothy Alan Kemp
$550,000
404 S Division Lane, Tacoma, WA 98418
4beds
2baths
1,495sqft
Duplex, Multi Family
Built in 1963
-- sqft lot
$545,500 Zestimate®
$368/sqft
$-- HOA
What's special
- 36 days |
- 155 |
- 9 |
Zillow last checked:
Listing updated:
Listed by:
Timothy Alan Kemp,
WA Move Real Estate LLC
Source: NWMLS as distributed by MLS GRID,MLS#: 2556271
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Wall Furnace, Electric
Cooling
- None
Features
- Flooring: Vinyl
- Has fireplace: No
Interior area
- Total structure area: 1,495
- Total interior livable area: 1,495 sqft
Property
Features
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,153 Square Feet
- Features: Paved, Fenced-Fully, Patio
Details
- Parcel number: 2945000030
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subtype: Duplex, Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Updated/Remodeled
- Year built: 1963
- Major remodel year: 1986
Utilities & green energy
- Electric: Company: Tacoma Power
- Sewer: Sewer Connected, Company: Tacoma Public Utilities
- Water: Community, Company: Tacoma Public Utilities
Community & HOA
Community
- Subdivision: South Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $368/sqft
- Tax assessed value: $406,500
- Annual tax amount: $4,433
- Date on market: 7/21/2026
- Cumulative days on market: 37 days
- Listing terms: Conventional,VA Loan
Estimated market value
$545,500
$518,000 - $573,000
$2,182/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/22/2026 | Listed for sale | $550,000+42.9%$368/sqft |
Source:  NWMLS as distributed by MLS GRID #2556271 Report a problem | ||
| 7/9/2026 | Sold | $385,000+11.6%$258/sqft |
Source: Public Record Report a problem | ||
| 3/6/2026 | Sold | $345,000$231/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,433 +3.4% | $406,500 +3.3% |
| 2024 | $4,288 +3.5% | $393,700 +5.8% |
| 2023 | $4,144 +2% | $372,000 -4.8% |
| 2022 | $4,062 +6.3% | $390,900 +17.4% |
| 2021 | $3,820 +34.3% | $332,900 +36.4% |
| 2019 | $2,844 -6.6% | $244,000 +11.6% |
| 2018 | $3,046 +13.2% | $218,600 +13.4% |
| 2017 | $2,691 +16.8% | $192,700 +34.5% |
| 2016 | $2,304 | $143,300 +8.2% |
| 2014 | $2,304 +13.2% | $132,400 +9.7% |
| 2013 | $2,036 | $120,700 +4.1% |
| 2012 | -- | $115,900 -17.3% |
| 2011 | -- | $140,200 -3.6% |
| 2010 | -- | $145,500 -16.6% |
| 2009 | -- | $174,500 -7.1% |
| 2008 | $2,208 +0% | $187,900 -0.4% |
| 2007 | $2,208 +26.8% | $188,600 +86% |
| 2002 | $1,742 +2.4% | $101,400 -0.3% |
| 2001 | $1,700 | $101,700 +5% |
| 2000 | $1,700 | $96,900 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: South End
Nearby schools
GreatSchools rating
- 4/10Lyon Elementary SchoolGrades: PK-5Distance: 0.9 mi
- 4/10Stewart Middle SchoolGrades: 6-8Distance: 1.2 mi
- 2/10Lincoln High SchoolGrades: 9-12Distance: 0.3 mi
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- $625,0006 bd3 ba2.8k sqft305 S 35th St, Tacoma, WA 98418For Sale
A local agent can set up tours, give advice and negotiate with sellers.
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