Excellent investment opportunity in Parkland! This well-maintained fourplex generates excellent cash flow in rental income and is ideally located directly across from Gonyea Park, offering tenants convenient access to open space, recreation, and neighborhood amenities.Each of the four units features a practical and desirable 2-bedroom, 1-bath floor plan, simplifying management and appealing to a broad tenant base. Units have been updated, providing added value and tenant appeal, while the newer roof helps reduce future maintenance concerns.With strong cash flow, a proven rental history, and a convenient location near schools, shopping, public transportation, and major commuter routes, this property is an attractive addition to any investment portfolio. Whether you're a seasoned investor or looking to acquire your first multifamily asset, this income-producing property offers stability, upside potential, and long-term value.
50 days
|
199
|
20
|
Zillow last checked:
Listing updated:
Listed by:
Greg Pubols,
Century 21 Blue Chip
Source: NWMLS as distributed by MLS GRID,MLS#: 2535947
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 8
Bathrooms: 4
Heating
Baseboard, Electric
Cooling
None
Features
Flooring: Vinyl Plank
Has fireplace: No
Interior area
Total structure area: 2,852
Total interior livable area: 2,852 sqft
Property
Parking
Total spaces: 8
Uncovered spaces: 8
Lot
Size: 0.57 Acres
Features: Paved, Fenced-Partially
Details
Parcel number: 3365200300
Zoning description: Multi-Family,Jurisdiction: County
Special conditions: Standard
Construction
Type & style
Home type: MultiFamily
Architectural style: 4-Plex
Property subtype: Quadruplex, Multi Family
Materials
Wood Siding
Foundation: Poured Concrete
Roof: Composition
Condition
Very Good
Year built: 1920
Utilities & green energy
Electric: Company: Parkland
Sewer: Sewer Connected, Company: Pierce County
Water: Public, Company: Parkland
Community & HOA
Community
Subdivision: Parkland
Location
Region: Tacoma
Financial & listing details
Price per square foot: $293/sqft
Annual tax amount: $7,694
Date on market: 6/14/2026
Cumulative days on market: 45 days
Listing terms: Conventional,FHA,VA Loan
Estimated market value
Zestimate®
$828,900
Estimated sales range
$787,000 - $870,000
Rent Zestimate®
$1,726/mo
Price history
Date
Event
Price
7/22/2026
Price change
$835,000-4%$293/sqft
Source: NWMLS as distributed by MLS GRID #2535947Report a problem
Explore the cost of this home by adjusting the details. Changes won't be saved.
Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.