Add to your investment portfolio today! 6.3% cap rate!! First time on the market 5-plex. Each unit has 1 bedroom, 1 bathroom kitchen & living space. All units fully rented out w/ low turnover rate. 5 new electrical subpanels upgraded in 2023. Unit #5 has new heater, upgraded wiring & new stove. Upgraded plumbing w/ clean out access. Owner pays electric on units 3, 4, 5. Brand New water heater installed in shared laundry room in 2024. Common area maintenance included in rent. Outside city limits of Tacoma, only county & state rental rules apply. Onsite property manager. Buyer to verify all info. Great location! Close to PLU, JBLM, restaurants, shopping & bus line.
Sold
Listed by: Icon Group • Mataya Davis
Bought with: Icon Group
$570,000
720 108th Street S, Tacoma, WA 98444
--beds
--baths
2,101sqft
Multi Family
Built in 1965
-- sqft lot
$-- Zestimate®
$271/sqft
$2,166 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,166/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Mataya Davis,
Icon Group,
Lowell Morrison,
Icon Group
Bought with:
Gregorio Ayala, 21003370
Icon Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2207841
Facts & features
Interior
Heating
- Baseboard, Forced Air, Electric
Cooling
- Forced Air
Features
- Flooring: Laminate, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,101
- Total interior livable area: 2,101 sqft
Property
Parking
- Total spaces: 6
- Parking features: Open
- Uncovered spaces: 6
Features
- Patio & porch: Laminate, Wall to Wall Carpet
Lot
- Size: 8,999 Square Feet
- Features: Dead End Street, Paved, Fenced-Partially
Details
- Parcel number: 6260001101
- Zoning description: Commercial,Multi-Family,Residential,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Built-Up,Flat
Condition
- Year built: 1965
Utilities & green energy
- Electric: Company: TPU
- Sewer: Sewer Connected, Company: Pierce County
- Water: Public, Company: TPU
Community & HOA
Community
- Subdivision: Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $271/sqft
- Tax assessed value: $537,500
- Annual tax amount: $5,778
- Date on market: 10/16/2024
- Cumulative days on market: 644 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/12/2025 | Listing removed | $1,350$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/29/2025 | Price change | $1,350-5.3%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/16/2025 | Listed for rent | $1,425$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/13/2025 | Sold | $570,000-11.6%$271/sqft |
Source:  NWMLS as distributed by MLS GRID #2207841 Report a problem | ||
| 9/16/2024 | Pending sale | $645,000$307/sqft |
Source: NWMLS as distributed by MLS GRID #2207841 Report a problem | ||
| 9/16/2024 | Listed for sale | $645,000$307/sqft |
Source: NWMLS as distributed by MLS GRID #2207841 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,693 +58.1% | $537,500 +4.3% |
| 2024 | $6,131 +5.7% | $515,200 +3.6% |
| 2023 | $5,801 +0.4% | $497,500 -3.5% |
| 2022 | $5,778 +5.1% | $515,500 +17.4% |
| 2021 | $5,497 +55% | $439,000 +41.7% |
| 2019 | $3,546 -6.8% | $309,800 +15.3% |
| 2018 | $3,805 +6.6% | $268,700 +22.9% |
| 2017 | $3,570 +8.5% | $218,600 +24.4% |
| 2016 | $3,292 | $175,700 +3% |
| 2014 | $3,292 +12.5% | $170,500 +9.2% |
| 2013 | $2,926 | $156,100 +7.1% |
| 2012 | -- | $145,700 -7.8% |
| 2011 | -- | $158,000 -11.5% |
| 2010 | -- | $178,600 |
Find assessor info on the county website
Neighborhood: 98444
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Nearby schools
GreatSchools rating
- 7/10James Sales Elementary SchoolGrades: K-5Distance: 0.5 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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- Washington
- Pierce County
- Tacoma
- 98444
- 720 108th Street S
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