Seize an exceptional investment opportunity with this fully occupied triplex, currently operating as transitional housing and generating an impressive $43,661 in annual NOI. Situated on a large corner lot, the property features three standalone units: a 3-bed/1-bath unit (1,150 SF), a 2-bed/1-bath unit (660 SF), and a 1-bed/1-bath unit (550 SF). The spacious lot provides generous outdoor space, ideal for tenant gatherings, recreational use, or potential future development with an appealing NMSF zoning. With stable occupancy and mission-aligned operations in place, this is a rare chance to acquire a high-performing, socially impactful asset offering reliable income and long-term potential.
Sold
Listed by: COMPASS
Bought with: COMPASS
$650,000
602 S 108th Street, Tacoma, WA 98444
--beds
--baths
2,390sqft
Multi Family
Built in 1950
-- sqft lot
$605,300 Zestimate®
$272/sqft
$1,935 Estimated rent
Home value
$605,300
$545,000 - $666,000
$1,935/mo
Zestimate® history
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$3,931/mo
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Generous outdoor spaceCorner lotSpacious lot
Zillow last checked:
Listing updated:
Listed by:
Lisa Le,
COMPASS,
Marius ion,
COMPASS
Bought with:
Lisa Le, 123519
COMPASS
Marius ion, 133434
COMPASS
Source: NWMLS as distributed by MLS GRID,MLS#: 2339341
Facts & features
Interior
Heating
- Forced Air, Electric
Cooling
- Forced Air
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,390
- Total interior livable area: 2,390 sqft
Property
Parking
- Total spaces: 4
- Parking features: RV Parking
- Uncovered spaces: 4
Lot
- Size: 0.29 Acres
- Features: Corner Lot, Dead End Street, Paved, Fenced-Partially, RV Parking
Details
- Parcel number: 6260001030
- Zoning description: Multi-Family,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal/Vinyl, Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Fair
- Year built: 1950
- Major remodel year: 1950
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & neighborhood
Location
- Region: Tacoma
- Subdivision: Parkland
Other
Other facts
- Listing terms: Conventional,Rehab Loan
- Cumulative days on market: 295 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/25/2025 | Sold | $650,000-7.1%$272/sqft |
Source:  NWMLS as distributed by MLS GRID #2339341 Report a problem | ||
| 6/26/2025 | Pending sale | $700,000$293/sqft |
Source: NWMLS as distributed by MLS GRID #2339341 Report a problem | ||
| 3/6/2025 | Listed for sale | $700,000+303.9%$293/sqft |
Source: NWMLS as distributed by MLS GRID #2339341 Report a problem | ||
| 2/19/2015 | Sold | $173,300$73/sqft |
Source: NWMLS as distributed by MLS GRID #686356 Report a problem | ||
| 7/13/2012 | Listing removed | $795 |
Source: Park 52 Inc. Report a problem | ||
| 6/30/2012 | Listed for rent | $795 |
Source: Park 52 Inc. Report a problem | ||
| 8/11/2011 | Listing removed | $795 |
Source: Park 52 Inc. Report a problem | ||
| 8/3/2011 | Listed for rent | $795 |
Source: Park 52 Inc. Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $5,386 +9.1% | $464,200 +7.7% |
| 2023 | $4,935 -0.7% | $431,200 -3.7% |
| 2022 | $4,972 -35.2% | $447,700 +15.9% |
| 2021 | $7,672 +110.4% | $386,200 +37.2% |
| 2019 | $3,647 -10.7% | $281,400 +6.7% |
| 2018 | $4,085 +8.5% | $263,700 +16.4% |
| 2017 | $3,765 +3.4% | $226,600 +9.7% |
| 2016 | $3,642 | $206,600 +13.5% |
| 2014 | $3,642 +7.4% | $182,100 +9.8% |
| 2013 | $3,391 | $165,800 +1.2% |
| 2012 | -- | $163,900 -13.6% |
| 2011 | -- | $189,700 -11.2% |
| 2010 | -- | $213,700 -6.9% |
| 2009 | -- | $229,600 -7.1% |
| 2008 | $2,935 +0% | $247,100 -0.5% |
| 2007 | $2,934 +25.1% | $248,300 +66.4% |
| 2002 | $2,346 +6.1% | $149,200 -0.1% |
| 2001 | $2,211 | $149,300 +7.3% |
| 2000 | $2,211 | $139,200 |
Find assessor info on the county website
Neighborhood: 98444
Nearby schools
GreatSchools rating
- 7/10James Sales Elementary SchoolGrades: K-5Distance: 0.6 mi
- 2/10Perry G Keithley Middle SchoolGrades: 6-8Distance: 1.1 mi
- 5/10Washington High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$605,300
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
$605,300
- Washington
- Pierce County
- Tacoma
- 98444
- 602 S 108th Street
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