Pierce WA Multi-Family Real Estate, Homes for Sale

A rare Tacoma redevelopment opportunity with enormous potential. This historic property offers an expansive nearly 3/4 acre lot with a 37 unit configuration, creating an exceptional canvas for an investor, developer, or visionary buyer. Currently vacant and in need of a complete renovation, this property is ready for someone to bring imagination, creativity and strategic vision to its next chapter. Listed on the Historic Register, the property offers distinctive character and architectural significance alongside incredible development potential. A conditional use permit will be required. Conveniently located near the Tacoma Mall, major freeways, restaurants, shopping, and everyday amenities, the location offers both accessibility and strong surrounding infrastructure. The combination of scale, location, historic character makes this a truly uncommon opportunity.

5210 S State Street, Tacoma

Listing courtesy of Windermere Prof Partners.

$1,250,000

2574077 MLS ⋅ ACTIVE Status

Turnkey 5-unit investment opportunity in the heart of Downtown Puyallup! Extensively updated and exceptionally maintained, this property features five spacious 2-bedroom, 1-bath residences of approximately 775 square feet each, with beautifully remodeled interiors designed for lasting tenant appeal. Major improvements include a new roof in 2025, replaced electrical breaker panels throughout and upgraded triple-pane vinyl windows. Strong in-place rents provide immediate income, while the on-site coin-operated laundry offers an additional revenue stream. Situated on a generous 14,400 square foot corner lot with eight covered carport spaces plus three additional parking spaces. An outstanding location just blocks from the Puyallup Sounder Station and moments from downtown dining, shopping and amenities. A rare opportunity to acquire a renovated, income-producing 5-plex with significant capital improvements already completed in one of Puyallup’s most convenient locations.

408 2nd Street NW, Puyallup

Listing courtesy of Windermere Real Estate/PSK Inc.

$899,950

2578180 MLS ⋅ ACTIVE Status

Unbeatable turn-key investment opportunity featuring a fully occupied 4-plex with many long-term, stable tenants in a prime neighborhood surrounded by well-maintained properties, delivering immediate cash flow and predictable returns. Each spacious 918 sq. ft. unit offers 2 large bedrooms with dual walk-in closets, 1 full bathroom, all major appliances including in-unit washer and dryer, dual-pane windows, and private decks or patios with extra storage space. Three units feature cozy fireplaces, while recent capital improvements include new siding (2018) and a complete renovation of one unit (2025). Please DO NOT DISTURB TENANTS; (Owner is a licensed Real Estate Broker).

3909 Mason Loop Road, Tacoma

Listing courtesy of Windermere Prof Partners.

$519,000

2578821 MLS ⋅ ACTIVE Status

Desirable side by side one story duplex with attached garages. "Investor Alert" or "House-Hack Alert" with owner occupied potential! Remarkable, great cash flow investment. 100% occupied. Well-maintained duplex has two 2 bedroom/1 bath units. Each side has an attached one car garage with off street parking. Located in Portland Heights near newer residential home development. Large primary bedrooms. Secured fully gated/divided fence. Concrete driveways. Easy access to back decks & secured yards. Light & bright layouts with large open kitchen & dining rooms. Minutes to I-5, school, easy access to work or school commutes, shopping, and entertainment.

3760 E T Street, Tacoma

Listing courtesy of Windermere R.E. Shoreline.

$705,950

2577838 MLS ⋅ ACTIVE Status

Spanaway duplex offering two 3-bedroom, 2-bath units with 2,802 total rentable sq ft. Each unit is approximately 1,401 sq ft and includes a fireplace, range/oven, refrigerator and dishwasher. Property features a composition roof, wood product exterior and a mix of laminate hardwood and wall-to-wall carpet. Four garage parking spaces plus two uncovered spaces provide ample parking. Situated on a 10,650 sq ft lot with paved street access, public water and septic. Both units are currently vacant, offering flexibility for an owner occupant or investor. Conveniently located near Pacific Ave with access to surrounding Spanaway amenities.

416 170th Street S, Spanaway

Listing courtesy of Keller Williams West Sound.

$589,000

2577553 MLS ⋅ ACTIVE Status

LOCATION! LOCATION! LOCATION! Prime Corner-Lot Duplex! Excellent Visibility & Tremendous Value-Add Potential! Set Back on a Generous 1/3+ Acre Corner Parcel, this Income-Producing Property Offers a Unique Combination of Privacy & Business Exposure! The Duplex is Tucked Behind Mature Landscaping, Creating a Private Setting, while the Prominent Corner Location—Directly Across from Costco—Provides Exceptional Visibility and Opportunity to Add Signage for Additional Business Exposure & Income! New Roof, Gutters, & Newer Vinyl Windows Throughout! One Vacant, Fully Renovated Unit & One Original Condition Unit w/Long-Term Tenants! Photos Showcase Vacant Updated Unit; Second Unit is Occupied - not photographed. Each Unit Offers 2 Bedrooms, 1 Full Bath, & Individual Attached Garages! Step Inside to Easy-Care Laminate Floors, a Sunken Living Room w/ Fireplace & Bay Window, and a Kitchen w/ Dedicated Dining Area! Separate Laundry Space with W & D, too! Sliding Glass Doors Lead Out to Your Own Spacious, Level, & Fully Fenced Yard! The Front of the Property Faces a Quiet Dead-End Street! Ideal Commuter Location with Quick Highway Access, Transit Route, & All Amenities within Minutes! Desirable Puyallup Schools! VIEW VACANT UNIT at Any Time! Pro Forma Rent(s), Offering Strong Upside Potential! Owner-Occupy with Rent Improving Your Bottomline, Explore Condo Possibilities, or Value Add for Your Real Estate Portfolio! This Income Opportunity Property is a Must-See!

11209 11211 89th Avenue Ct E, Puyallup

Listing courtesy of RE/MAX Exclusive.

$799,950

2576805 MLS ⋅ ACTIVE Status

Updated Tacoma 4-plex with strong income-growth potential. 3 of 4 units are currently rented, providing immediate rental income, with opportunity to increase rents and lease the remaining unit. Ample on-site parking adds strong tenant appeal. Great investment or owner-occupant opportunity, live in one unit and rent the others. Convenient location near shopping, dining, parks, schools, employment, and major roadways. Updated units, new roof in 2024, existing income, parking, and upside make this a compelling multifamily investment.

4028 S Lawrence Street, Tacoma

Listing courtesy of Pellego, Inc..

$599,000

2577828 MLS ⋅ ACTIVE Status

Excellent investment opportunity with this well-maintained duplex featuring two desirable 2-bedroom, 1.5-bath units in a private, convenient location. These thoughtfully designed floor plans are consistently easy to rent, making this an ideal addition to any investment portfolio. One unit is occupied by a long-term tenant, while both units have been well cared for. Each home offers a functional two-story layout with the living areas, kitchen, laundry, and a convenient half bath on the main level, while both bedrooms and a full bathroom are located upstairs. Each unit also includes its own washer and dryer, a covered parking space, and ample storage. Surrounded by mature landscaping that provides a sense of privacy for tenants, this property offers a peaceful setting while remaining close to shopping, dining, schools, and major commuter routes. Whether you're looking to expand your rental portfolio or invest in a property with strong long-term appeal, this duplex is one you won't want to miss.

5117 5119 84th Street E, Tacoma

Listing courtesy of Neighborhood Experts Real Est..

$725,000

2576337 MLS ⋅ PENDING Status

Two homes, one acre and endless flexibility. This fully remodeled, single-level duplex offers the rare opportunity to live in one side and rent the other, create a multigenerational setup or add a turnkey property to your investment portfolio. Each 2-bedroom, 1-bath unit is bright and beautifully finished, with dramatic floor-to-ceiling windows that bring the outdoors in, white shaker cabinetry, stone countertops, stainless steel appliances, LVP flooring, LED recessed lighting and large decks for outdoor living. Unit A features A/C and a walk-in primary bedroom closet. Unit B includes custom closet built-ins and a gorgeous remodeled bathroom with heated floors and an oversized shower. Thoughtfully designed and completely dialed in, these units make exceptional use of their footprint—and the quality shows in the rental potential, with one unit commanding $2,500/month. Live in one and let the other help offset your housing costs, or keep both as a turnkey investment. Outside, the usable one-acre property offers the kind of space that's increasingly hard to find. A circular driveway provides easy access and plenty of parking for an RV, boat and other toys. The two-car carport includes storage and an EV charger, while a 21' x 11' concrete pad out back is ready for a shed, workshop or future outbuilding. All of this just minutes to Gig Harbor amenities, Highway 16 and beautiful Sehmel Park. Turnkey living, income potential and an acre of breathing room—all in one property.

8306 94th Street NW Unit #A & B, Gig Harbor

Listing courtesy of PropertiesNW of Gig Harbor Ltd.

$945,000

2573776 MLS ⋅ ACTIVE Status

*RARE UR-3 INVESTMENT + DEVELOPMENT OPP - EXISTING 4-PLEX ON 10,251 SF LOT* Perfect if you're looking for your first rental property or wanting to expand your current portfolio! This fourplex near Tacoma's North End features four spacious 3-bed, 1.5-bath units, each with full w/d + f/p. Units 1 & 4 remodeled (est $15k) AUG '26 & have been kept vacant for new owners, providing your chance to capture market rents & recapture w/s/g via RUBS. Target 6.25%+ CAP. House hackers, occupy one while the other 3 pay your mortgage. Fresh ext paint, newer water heaters, new flooring, int paint. The 3-bed floor plans are attractive to renters, appealing to groups of 4+ seeking more space without the cost of a home. Location is an advantage. Very convenient self-storage facility right next door. Great access to I-5, SR-16 & services, while remaining close to hip 6th Ave & downtown. For commuters to JBLM or going north to King Co, the area provides major transportation options. Whether you're a seasoned investor looking to increase rents & build long-term equity or an owner-occupant seeking a smart house-hack, this property offers multiple paths to maximize your investment & deserves your serious consideration. A chance to acquire a 4plex with 3-bed units with immediate upside or owner-occupant flexibility are increasingly difficult to find in today's market. No HOA, clean records, easy to self-manage. Seller's exit is your gain. Buyer to verify measurements, rents & financing eligibility.

1101 S Woodlawn Street Unit #1-4, Tacoma

Listing courtesy of Multifamily Properties.

$835,000

2573761 MLS ⋅ ACTIVE Status

* SOLID, LOW MAINTENANCE INVESTMENT OPPORTUNITY * The fourplexes in the Orchard Park Apt community are rarely available, last sale was 2021. This is perfect if you're looking for your first rental property or want to expand your current portfolio by four doors! This apt community is located just south of Fircrest & east of University Place. It features four spacious 2-bed, 1-bath units, each with full w/d, fireplace + carport parking, a leasing advantage in this corridor. Unit C fully updated 2024. Both upper units have balconies, lower units enjoy patio space. New $20k roof. Lease renewals could provide the opening to implement RUBS to recapture w/s/g exp. One unit is expected to vacate 09/30 giving house hackers the chance to occupy one while the other 3 pay your mortgage. Great access to I-5, SR-16 & neighborhood services. For commuters to JBLM or going north to King County, the area provides major transportation options. Whether you're a seasoned investor looking to increase rents & build long-term equity or an owner-occupant seeking a smart house-hack, this property offers multiple paths to maximize your investment & deserves your serious consideration. The chance to acquire a well-maintained 4plex with potential upside or owner-occupant flexibility are increasingly difficult to find in today's Puget Sound market. HOA covers garbage & landscaping. Clean records, easy to self-manage. Seller's exit is your gain. Buyer to verify measurements, rents & financing eligibility.

4907 S Orchard Street Unit #A-D, Tacoma

Listing courtesy of Multifamily Properties.

$720,000

2575296 MLS ⋅ ACTIVE Status

Income-Producing Triplex with Workshop & DADU Potential in South Tacoma (includes two parcels) Don’t miss this incredible opportunity to own a triplex in a great South Tacoma location while generating rental income! Live in one unit and rent out the other two, helping offset your mortgage while building equity. The vacant 1-bedroom, 1-bath unit is completely updated and move-in ready, making it ideal for an owner-occupant or new tenant. The property offers plenty of parking for residents and guests, along with convenient in-unit laundry. One of the standout features is the approximately 1,800–2,000 sq. ft. oversized garage/workshop, offering an exceptional amount of space for a business, hobbies, storage, or future expansion. The workshop also presents potential for a Detached Accessory Dwelling Unit, offering an exciting opportunity to explore additional living space or income potential, subject to buyer verification and applicable zoning/permit requirements. With multiple income-producing units, a massive on-site workshop, ample parking, and DADU potential, this property offers flexibility and opportunity rarely found at this price point. Live in one, rent the others, utilize the workshop, and explore the possibilities! Whether you're looking for your next home, an investment property, or both, this South Tacoma triplex is an opportunity you don't want to miss!

7428 S Puget Sound Avenue Unit #1-3, Tacoma

Listing courtesy of eXp Realty.

$949,000

2573961 MLS ⋅ PENDING INSPECTION Status

Come view this RARE, unmatched, owner-occupied (16 yrs), 1-level duplex in UP! With nearly 3500 sf, this duplex boasts of 4-5 bedrooms, 5 baths, gas fireplaces, vaulted ceilings, skylights, ceiling fans, bay windows, on-demand hot water, A/C, fireplaces & garages. ADA accessible (interior/exterior). Be sure to view the "Boston" great room (&/or 3rd bedroom) just shy of 300 sf w/heated floors & a slider to your outside oasis! Spare bedroom has bump-out for office/flex space & walk-in closet. Generous common areas (living/dining rooms). Quartz & granite counters, all appliances remain. Wood/tile floor coverings. Central vacuum for your convenience! Additional 504 sf shop with 1/2 bath, heating & plumbing (potential ADU rental income)! Large shed & fully-fenced yard w/sprinklers (front/back) on a spacious 13,000 sf lot. Shed w/additional storage space. RV parking. Mature, professional landscaping w/patios! Perfect owner-occupied opportunity w/built-in existing income & potential ADU income. Two blocks from Curtis JH/SH & close to Chambers Bay, Town Center, shopping, services & more!

3614 3616 Crestview Drive W, University Place

Listing courtesy of Windermere RE West Campus Inc.

$875,000

2571607 MLS ⋅ ACTIVE Status

Looking to expand your Tacoma multifamily portfolio or make your first investment? This fourplex offers a strong value-add opportunity with several major improvements already completed or underway. The exterior has been freshly painted, two units have been fully renovated, and two additional units have received bathroom updates. The crawl space has also been improved with a new vapor barrier and insulation, and a New Roof just installed! Additional upside remains in the two units that have not yet been fully renovated, along with the opportunity to bring rents closer to current market levels. With an effective renovation and leasing strategy, the property offers the potential to improve cash flow, target approximately a 6% return, and build long-term equity through increased income and property value. A solid opportunity for an investor looking to improve an existing asset, increase rents and unlock additional value in the Tacoma market.

917 A-D 75th Street E, Tacoma

Listing courtesy of Keller Williams Rty Tacoma.

$850,000

2574982 MLS ⋅ PENDING Status

Incredible Opportunity in North Tacoma with this Versatile Triplex for Investors or Owner-Occupants. Don’t miss this rare chance to own a versatile, income-producing triplex in one of North Tacoma’s most desirable neighborhoods. Whether you’re an investor seeking strong rental returns or an owner-occupant looking to live in one unit while generating income, this well-priced property offers remodel possibilities for future equity development potential, flexibility. Zoning is Commercial C-1 (Multi-Family Apts, 5+ Units),which opens the door to expanded possibilities (buyer to verify)—Unit B at one time operated as a small-scale retail storefront,professional office,& general/personal service space,this is giving opportunity for options beyond residential use.All three apartments are spacious and could be used for short or long term rental,each featuring a full kitchen, bathroom, and washer/dryer access: Unit A is 1,017 sq ft, two-story with 2 bedrooms, high ceilings, & a peek-a-boo water views; Unit B is 1,061 sq ft has an open floor plan, 3 bedrooms, and high ceilings; Unit C is an upper-level 1,044 sqft unit with 3 bedrooms & multiple views.The property has abundant parking with front,side,& rear alley access, 968 sq ft shop & garage,plus a fenced yard & deck.Just minutes from Point Defiance Park, the Proctor District, Ruston Point, shopping, restaurants, & ferry.Properties with this combination of versatility, space, location with possible expansion are rare. Sold "AS IS".

5019 N 46TH Street, Tacoma

Listing courtesy of HomeSmart Real Estate Assoc.

$1,150,000

2574588 MLS ⋅ ACTIVE Status

Unique Spanaway Lake property, .767 acres, 100 sq ft of lakefront. 2 homes. 915 - lakefront 1,216 sq ft, 3 bedrooms, bath and a half, one story, gas insert, newer wall heaters, newer floors and windows, renovated bath, Upgraded sunporch, 1,200 sq ft shop, 400 sq ft toolshed. 917 - 1,236 sq ft, 2 bedrooms, bath and 3/4, story and a half, newer floors and windows. Tankless hotwater and insta hot. All appliances stay with sale of home. All buildings have newer roofs and gutters. Newer vapor barriers beneath both homes. 3 covered parking spots with many added driveway spots. Heritage apple and cherry trees on the lot. Garden area. Close to JBLM - enjoy the Blue Angels performance from the deck. Fireworks display over the water on the 4th of July. Swim, fish, waterski, jet ski, or canoe, count bird varieties. RV parking. New Dock. Each home has its own Detached Garage with plenty of storage.

915 to 917 173rd Street S, Spanaway

Listing courtesy of Northwest Home Sales.

$825,000

2574330 MLS ⋅ ACTIVE Status

Rare North Edgewood property offering 3,368 finished SF with separate upper and lower living areas, private entrances, individual electrical meters, and a peaceful setting on a private dead-end drive. Designed for multi-generational living, shared households, or those seeking additional living flexibility, this is a rare opportunity to own a home that adapts to a variety of lifestyles. Circular driveway, mature landscaping, and surrounding cedar and fir trees create a secluded setting while remaining just minutes from major commuting routes. The home features 6 bedrooms and 3 bathrooms between the upper and lower levels. The upper level has been extensively updated with LVP flooring, paint, lighting, granite countertops, a large island, mini-split heating and cooling, propane fireplace, rebuilt deck, 50-year roof (2025), and covered front porch. Vaulted ceilings and expansive windows fill the home with natural light while overlooking the private backyard. The lower level includes 3 bedrooms, 1 bathroom, full kitchen, direct exterior access, and 9-foot ceilings. Both upper and lower living areas offer same-level parking and entry for exceptional everyday convenience. Partially fenced yard surrounded by mature trees while being only minutes from Hwy 167, Federal Way shopping, dining, and everyday amenities. A rare combination of space, functionality, privacy, and location in one of North Edgewood's most desirable settings. Adjacent parcel available for package deal.

415 118th Avenue E, Edgewood

Listing courtesy of Windermere RE West Campus Inc.

$680,000

2573774 MLS ⋅ PENDING INSPECTION Status

Tacoma Fourplex with growth potential! This large corner lot comes with views of the mountain and craftsman charm. The up and coming Hilltop area has undergone a substantial transformation and is now a favorite for investors who want to be in the path of progress. Nearby hospitals, restaurants and the incoming light rail put this near job growth opportunities. The main level has tall 9 ft ceilings and a shared basement provides storage and laundry. The detached garage has 3 bays, currently leased to the tenants but could potentially be rented out as storage units or developed into a future DADU. One unit available for showings, inspection report, floorplan and 3D tour available upon request.

1522 S M Street, Tacoma

Listing courtesy of Windermere Abode.

$495,000

2568185 MLS ⋅ ACTIVE Status

"SUMNER DUPLEX BEST BUY" PRICE REDUCED THIS DUPLEX IS LOCATED ON A 33,977 SQ. FT. LOT AND HAS A FULL BASEMENT FOR ?? ,6 CARPORT AND 2 GARAGES, BOTH UNITS ARE VACANT AND READY TO RENT, NEEDS SOME TLC. PLEASE DO NOT WALK IN REAR DECKS.

12325 VALLEY AVE E, Sumner

Listing courtesy of John L. Scott, Inc..

$610,000

2571248 MLS ⋅ ACTIVE Status

A craftsman gem built to last. Built in 1925 and beautifully updated in 2010, this move-in-ready duplex spans 2,064 finished sqft and still shows off its original hardwoods throughout, plus the comfort of a dedicated mini-split A/C in each unit. Set in Tacoma's Wedge district and direct neighbors with the Mary Bridge Children's Hospital campus, it's a location with real advantages of its own. Unit A (2 bed/1 bath, 1,384 sqft) greets you with a soaring entry and living room framed by original moldings, a dedicated dining room made for gathering, and an updated kitchen with a sunny breakfast nook. An unfinished basement with laundry adds room to spread out and store. Unit B (1 bed/1 bath, 680 sqft) lives like a light-filled loft, a fully separated bedroom, full bath, a kitchen with vaulted ceilings and a counter with bar seating, a breakfast nook, a handy walk-in pantry, a flexible living room, and it's own dedicated laundry. Two beautifully distinct homes under one classic roof. All of this within walking distance to local favorites such as Frisko Freeze and Balloon Roof Bakery. And also quick jaunt to the Stadium District as well!

1216 S 4th Street, Tacoma

Listing courtesy of Windermere Abode.

$445,000

2572009 MLS ⋅ ACTIVE Status

Located in Tacoma’s Yakima neighborhood, this 4BD/2BA Victorian duplex presents a full rehabilitation opportunity for investors, builders, or buyers looking to create value from the ground up. The structure is currently in derelict condition and will require extensive repairs and updates throughout. The home shows significant deferred maintenance, with visible wear to the exterior siding, roofing, and windows. Inside, the property will need a complete overhaul, including flooring, walls, fixtures, and major systems such as electrical, plumbing, and HVAC. The condition suggests this is best suited for a cash purchase or renovation financing. Situated with access to local amenities, commuter routes, and Tacoma services, the location remains a strong point for future upside after renovation. This is a true fixer-upper being sold as-is, ideal for those ready to take on a substantial project and unlock the property’s potential.

1220 Yakima Avenue, Tacoma

Listing courtesy of 5 Star Property Management.

$699,000

2573194 MLS ⋅ PENDING INSPECTION Status

If you are looking for a great investment property, or home that will offset a large portion of your mortgage, this duplex is it. Each unit of the duplex have been tastefully updated, they are turn-key ready go. The laminate hardwood flooring throughout is ideal for low maintenance, no carpet cleaning here. The tenants / owners will love the updated kitchens and bathrooms; they are very classy. All of the appliances are included, and each unit has a utility room with deep sink with access to the one car garage for each unit. This property is less that 5 minutes to the freeway and 10 minutes to downtown, tenants will love the location. This property is never vacant so you know you cash flow will be constant. Don't delay this duplex is priced to sell and won't last long.

6708 46th Avenue NW Unit #A&B, Gig Harbor

Listing courtesy of Windermere Prof Partners.

$749,000

2572790 MLS ⋅ ACTIVE Status

Peaceful Peacock Hill duplex offering the perfect blend of quiet retreat and city convenience. Located just minutes from Gig Harbor North and downtown Gig Harbor. Incredible flexibility for your real estate portfolio: rent both units for maximum cash flow, owner-occupy one side to live affordably, or use for multi-generational living. Each spacious unit features a functional layout with 2 bedrooms, 2 bathrooms, a flex room, and bright living and dining spaces with vaulted ceilings. Step outside to private patios perfect for morning coffee or relaxing evenings. Both sides are currently occupied on month-to-month leases, offering immediate income and flexibility.

3801 124th Street NW, Gig Harbor

Listing courtesy of Keller Williams Rlty Bellevue.

$549,999

2572297 MLS ⋅ ACTIVE Status

Fantastic 4-unit investment opportunity! The vacant unit was previously owner-occupied, presenting a perfect house-hacking setup or high-yield rental potential. The 3 currently occupied units offer a 5.5% cap rate with a 6.7% Pro Forma cap rate. All tenants are currently month-to-month. Choose to occupy the vacant unit yourself or lease it out for maximum cash flow. Conveniently located near JBLM, Lakewood Town Center, local hospitals, major freeways, UW Tacoma, and PLU. 2 bed rents for $1800, Currently 1 bed rents for $1400, 1 bed rents for $900

6323 100th Street SW, Lakewood

Listing courtesy of Premier Real Estate Partners.

$775,000

2571210 MLS ⋅ ACTIVE Status

First time on market. Well maintained duplex in the heart of desirable South Hill! Both identical units offer 2 bedroom, 2 full bathrooms, and a spacious room with gas fireplace, complemented by a kitchen and dining area ideal for everyday living or entertaining. Tucked away on a dead-end street, this property provides excellent privacy and oversize fences backyard. Along with an extra lot (30x165) to use with your Creative Imagination. Outstanding investment or owner-opportunity-live in one unit and rent the other! Easy access to restaurants, shopping, movie theater, and public transit, with quick freeway access and an easy commute to JBLM.

12012 115th Avenue Ct E, Puyallup

Listing courtesy of John L. Scott, Inc..

$745,000

2571018 MLS ⋅ ACTIVE Status

Discover a fantastic opportunity in the highly desirable Edgewood area, offering a peaceful setting while remaining just minutes from freeway access, shopping, dining, and everyday amenities.This well-maintained duplex provides flexibility for both owner-occupants and investors. The left-side unit has been completely updated, making it an ideal option for a buyer looking to move in and enjoy modern finishes while continuing to rent the neighboring unit for additional income. The right-side unit has been well cared for and offers an established rental opportunity.Investors will appreciate the strong rental demand in the Edgewood market and the potential for a competitive cap rate. Each unit offers its own garage, dedicated utility room, and a spacious private yard, providing tenants with the space and conveniences that are difficult to find in many multifamily properties. An additional storage shed adds even more functionality.Whether you're looking to offset your mortgage by living in one unit and renting the other, expand your investment portfolio, or secure a versatile property in a sought-after location, this Edgewood duplex offers an exceptional combination of location, condition, space, and income potential.

4706 124th Avenue Ct E, Edgewood

Listing courtesy of Red Moon Realty.

$625,000

2571470 MLS ⋅ ACTIVE Status

Discover the perfect house-hack or multi-generational living opportunity in Tacoma’s Fern Hill neighborhood. Beautifully remodeled, this home with an attached dwelling / duplex, giving you flexible options: live in one unit and rent the other, rent both, or keep loved ones close with separate, private spaces. The front unit features 2 bedrooms, 1 updated bathroom, its own washer/dryer hookups, luxury vinyl plank flooring, modern soft-close white cabinets, quartz counters, tile backsplash, and stainless steel appliances. A large front yard and driveway parking for 2 cars make it feel like its own standalone home. The back unit offers 3 bedrooms and 1 updated bathroom, with large windows that bring in abundant natural light, its own laundry hookups, and parking for up to 3 cars in the back area. The entire property is fully fenced with thoughtfully separated yard spaces for the front and back, ideal for pets, play, gardening, and outdoor entertaining while preserving privacy for each household. With a newer roof, siding, gutters, and furnace, much of the heavy lifting is already done. All of this is centrally located just minutes from Fern Hill’s local shops, restaurants, parks, grocery options, and convenient commuter routes, making it highly attractive to both future tenants and owner-occupants alike.

8823 S Yakima Avenue, Tacoma

Listing courtesy of COMPASS.

$525,000

2570348 MLS ⋅ ACTIVE Status

Unique opportunity on Center Street! This property offers three homes on one parcel, creating a range of potential uses and investment strategies such as multi-family potential. The property features M-1 zoning within a Light Industrial District, allowing for many manufacturing, industrial, and other permitted uses. Property has two garages/workshops. The homes need cosmetic updates, while most mechanical systems have been updated. Excellent frontage provides strong visibility and accessibility. Explore the possibilities for residential use, investment, redevelopment, or future business applications. Buyer to verify all uses, zoning, and development options.

2829 S Asotin Street, Tacoma

Listing courtesy of Redfin.

$735,000

2567418 MLS ⋅ PENDING Status

Great opportunity to own a well maintained duplex in a convenient Puyallup location with an excellent commute to Tacoma and surrounding areas. Each 3 bedroom, 1.5 bath unit offers an attached one car garage and a large, fully fenced backyard. The vacant left unit has received numerous updates, including new flooring, blinds, light fixtures, bathroom fixtures, a new water heater, and an updated kitchen with new countertops. Additional improvements include vinyl windows, updated plumbing, baseboard heaters and roof. Both units have new garage doors and exterior doors, while the gutters were replaced approximately 2 years ago. The large backyards are fully enclosed with newly installed fencing and gates, providing each unit with a private outdoor space and convenient access. The right unit offers an opportunity for future updates while currently providing rental income from a long-term tenant who has been reliable and consistently paid rent on time. The vacant left unit provides an opportunity for a new owner to establish rental income, with projected rents in the area of approximately $2,300 to $2,500 per month. Whether you're looking to expand your investment portfolio or live in one side while generating rental income from the other, this Puyallup duplex offers flexibility, recent improvements, and room to add value. Conveniently located for commuters with easy access to Tacoma and surrounding communities.

1314 12th Avenue NW, Puyallup

Listing courtesy of RE/MAX Realty South.

$850,000

2570909 MLS ⋅ ACTIVE Status

BRAND NEW construction just 3 minutes from prestigious Pacific Lutheran University! This beautifully designed duplex offers an incredible opportunity for first-time buyers, investors, or anyone looking for the perfect house hack. Each approximately 1,322 SF residence features a light-filled, open-concept main level with spacious living and dining areas, a stylish kitchen, and convenient powder room. Sleek, flat-panel Euro-style cabinetry, quartz countertops, and warm white lighting create a clean, modern aesthetic. Upstairs, the generous primary suite includes a private full bath, plus 2 additional bedrooms and another full bathroom. Enjoy a quiet backyard patio with privacy fencing and beautiful new landscaping. Each unit includes a 1-car garage PLUS tons of additional parking—a rare find! Builder’s warranty provides added peace of mind. Fantastic location with easy freeway access and exceptional proximity to PLU. Live in one and rent the other, add a turnkey investment to your portfolio, or create a smart path to homeownership!

612 & 614 122nd Street Ct E, Tacoma

Listing courtesy of Commencement Bay Brokers LLC.

$845,000

2570996 MLS ⋅ ACTIVE Status

Not just one but TWO Fox Island VIEW homes with more than 2200 sf of garage and storage on a usable 1+ acre lot just across the bridge. So many possibilities are at your fingertips - Live in one, pay the mortgage with the other, take advantage of the space to park all the toys and RV, have a multigenerational compound near the water, or get creative and modify it into one. Each side features a great room with big view windows, vaulted ceilings and sliding doors to the newly resurfaced deck to take in the sunrises, the vistas of Honeymoon Bay and all the activity in Hale Passage. They also each include 2 spacious bedrooms (one with a door to the full bath), a stacked washer/dryer in the hall, and a compact open kitchen on the main level. 296 was renovated in 2016 with all new cabinets, granite countertops, new flooring, canned lighting, and resurfaced ceilings (no popcorn). It's currently rented through July 2027 at $1950 per month (well under market). 289 is refreshed and ready for move in. The huge garage/flex spaces below are a blank slate (or a dream come true for the garage lover) including 220 power. A new 4 bedroom septic was installed in 2015 completing this exciting package!

296 298 North Shore Boulevard, Fox Island

Listing courtesy of Infinity Real Estate, LLC.

$550,000

2569939 MLS ⋅ ACTIVE Status

Historic 1906 charm meets investment opportunity in the heart of Downtown Puyallup. This versatile duplex offers the flexibility to rent both units, live in one while generating rental income from the other, or explore future possibilities with Commercial Business District zoning—buyer to verify permitted uses. Both units are 2 bedroom 1 bath each, and offer washer and dryer hookups. Original character shines through with hardwood floors beneath the carpet in the lower unit. Outside, the large corner lot offers alley access, a fully fenced yard, one-car detached garage, and one-car covered carport. The location is hard to beat, with excellent walkability and easy access to Downtown Puyallup shops, restaurants, seasonal markets, Pioneer Park, and local events like Thursday night Music in the Park. The Sounder Train Station, freeway access, schools, Good Samaritan Hospital, and numerous medical clinics are all just minutes away. Whether you're looking to expand your investment portfolio, live in one unit while offsetting your expenses, or capitalize on the property's central location and zoning, this is a compelling opportunity in the heart of Puyallup. AI-generated virtual staging and cleaning have been applied to select photos.

246 4th Avenue NW, Puyallup

Listing courtesy of Keller Williams Realty PS.

$1,070,000

2570341 MLS ⋅ PENDING Status

Sumner 4 Unit: 6.16 Current CAP. Well-maintained 4-unit apartment building in a prime Sumner location. All four units feature spacious 2-bedroom, 1-bath floorplans of approximately 1,015 SF with in-unit washer/dryers. Lower units offer large private fenced backyards, while upper units feature private decks. Property includes vinyl windows, new exterior paint, forced-air and baseboard heat, 4 covered carport parking spaces, and a storage shed. Recent capital improvements include a fully updated crawl space with new vapor barrier, sump pump, and insulation. Conveniently located just blocks from the Sounder Train, SR-167, downtown Sumner, shopping, dining, and major employment centers. Excellent opportunity to acquire a well-maintained investment property with strong tenant appeal in one of Pierce County's most desirable rental markets.

1601 Bonney Ave, Sumner

Listing courtesy of COMPASS.

$1,100,000

2568515 MLS ⋅ ACTIVE Status

$157,143 PER UNIT IN A+ TACOMA LOCATION | The Prime Stadium District 7-Unit is a turnkey apartment investment in one of Tacoma's most sought-after neighborhoods. The three-story building consists of five one-bedroom units averaging approximately 606 square feet and two studios averaging approximately 520 square feet, a unit mix that has proven easy to keep full in this submarket. The renovation work is already done. Current ownership has updated every unit with a mix of refinished hardwood floors, granite countertops, new kitchen cabinetry, stainless steel appliances, tiled backsplashes, new bathroom tub surrounds, vanities, toilets, and LED lighting. Ownership also installed a brand-new composition roof last year, taking the largest near-term capital expense off the table for a new owner. Units 1 and 6 have in-unit washers and dryers, and the remaining units share a common laundry room in the basement. The property sits on a corner lot within walking distance of the restaurants, retail, and amenities that define the Stadium District, with convenient access to Tacoma's major employment centers. That location, in a safe and affluent neighborhood, is why operations have been exceptionally stable with near-zero economic vacancy throughout current ownership.

222 N I Street, Tacoma

Listing courtesy of Blake Investment Advisors.

$624,950

2570051 MLS ⋅ ACTIVE Status

Rare investment opportunity in Puyallup's desirable South Hill. This well-maintained duplex with long term tenants has never been vacant during the sellers ownership. It offers stable income today with a clear path to increased returns. Both units include large fully fenced yards with decks, attached 1-car garages and additional driveway parking. The property has enjoyed exceptional occupancy with long-term tenants. Current rents are slightly below market, providing a value-add opportunity for the next owner. Existing leases are month to month, allowing a defined timeline for potential rent increases and improved cash flow for new owner or owner occupancy with proper notice. New countertops are currently being installed throughout both units and are not reflected in the current photos. Tenants enjoy a single-family-home feel with the large fenced backyards, contributing to strong retention and consistent rental demand. Conveniently located near SR-512, shopping, dining, parks and schools. As an added investment opportunity, the purchaser of this duplex will be given the first rights to purchase the seller's adjacent duplex, creating the potential to expand ownership to four units in one prime location. Whether you're completing a 1031 exchange, expanding an existing portfolio, or just entering the multifamily market, this property offers great stability, future income and equity growth potential and a unique opportunity with a proven and reliable rental property.

916 40th Avenue SW, Puyallup

Listing courtesy of Northwest Premier Brokers.

$550,000

2569356 MLS ⋅ ACTIVE Status

STOP SCROLLING!! Investor Special! Located in the Heart of Downtown Tacoma. This four-unit property presents an exceptional opportunity for investors, builders or owner-occupants looking to unlock significant potential through renovation and improvements. With strong income potential and a highly desirable location this four-plex offers endless opportunities. The property is conveniently located near local shops, restaurants , entertainment, public transportation and major medical facilities. Residents will enjoy easy access to everything the city of Tacoma has to offer. Bring your vision and creativity to transform this property into an amazing investment opportunity. Properties with this size , location and potential are becoming increasingly more difficult get it while it last. Sold AS IS

817 S 13th street, Tacoma

Listing courtesy of Goldhouse Realty.

$629,995

2569546 MLS ⋅ ACTIVE Status

MULTIFAMILY OPPORTUNITY IN PRIME MILTON LOCATION! This well-maintained duplex is ideal for investors, first-time buyers, or anyone looking to live in one unit while renting the other to help offset the mortgage. Both units are in great condition and currently have month-to-month leases, offering flexibility for a new owner. Features include a partially fenced yard, wood-burning fireplace, approximately 15-year-old roof, and water heater approximately 4 years old. Enjoy strong rental demand in Milton's growing market, making this an excellent opportunity for steady income and long-term investment potential. Conveniently located just minutes from Puyallup, Federal Way, Tacoma, and easy access to I-5. A turnkey multifamily property offering comfort, convenience, and income potential in a highly desirable location!

1004 15th Avenue, Milton

Listing courtesy of John L. Scott, Inc..

$699,500

2569509 MLS ⋅ ACTIVE Status

Wonderful UPS area Craftsman home with covered front porch with two separate living spaces. All brick recently tuckpointed. New roof in 2024. New fence and updates throughout the home. The main floor has a comfortable living room / dining room area with prefinished hardwood flooring, electric fireplace with brick hearth and built-ins, coved ceilings and arch doorways. The kitchen has been remodeled with beautiful quartz countertops, white shaker cabinets, scalloped tile backsplash, stainless appliances and hexagon tile flooring. Cozy breakfast nook. Beautifully updated full bath and two main floor bedrooms. Upstairs is separately metered and offers 2 additional bedrooms, updated bath with stylish finishes and a 2nd kitchen. It is apparent when walking thorough that this home has been so well kept and updated over time. New furnace, double pane vinyl windows, copper and Pex plumbing throughout and mostly updated electrical. Generous backyard with easy-care turf! Convenient to all of the amenities of the 6th Ave District and to the Proctor District.

3417 N 8th Street, Tacoma

Listing courtesy of Windermere Prof Partners.

$615,000

2565908 MLS ⋅ PENDING Status

Exceptional investment opportunity with extensive updates already completed! This well-maintained duplex offers peace of mind for both owner-occupants and investors, featuring a new roof installed in 2019, a full plumbing re-pipe completed in 2021, and new electrical panels in both units (2021 & 2024). Unit 3801 was upgraded with an energy-efficient ductless heat pump in 2021 for year-round comfort, while Unit 3803 received stylish kitchen and bathroom updates in 2024, adding modern appeal for tenants. A new vinyl privacy fence installed in 2022 enhances the outdoor space, and nearly every appliance has been replaced within the past seven years of ownership, with the exception of one clothes dryer. With major systems already updated and thoughtful improvements throughout, this turnkey multi-family property is an outstanding opportunity to generate rental income or expand your investment portfolio.

3801 3803 56th Street Ct E, Tacoma

Listing courtesy of Redfin.

$580,000

2566430 MLS ⋅ ACTIVE Status

Don't miss this fantastic investment opportunity! Ideally located just minutes from shopping, Spanaway Park, I-5, SR-512, and JBLM, this well-maintained duplex offers the perfect combination of convenience and income potential.Whether you're expanding your investment portfolio or looking for an owner-occupied property with rental income, this duplex checks all the boxes. Both units are occupied by reliable long-term tenants, providing immediate, consistent rental income.Each unit features a bright, open-concept floor plan with vaulted ceilings, skylights, and a cozy gas fireplace and furnace (new in 816) that creates a warm and inviting living space. A private one-car garage for each unit adds everyday convenience and enhances tenant appeal.With a strong rental history, desirable layout, and prime location near major commuter routes and local amenities, this is an outstanding opportunity you won't want to miss.

818 138th Street E, Tacoma

Listing courtesy of Park 52, Inc..

$675,000

2567270 MLS ⋅ ACTIVE Status

Looking for a great investment? Something to add to your portfolio? This wonderful 6 bedroom, 4 bath duplex is just the key! Fully remodeled in 2023 on one side and the other side was fully remodeled in 2014. New Roof in 2014, white cabinets, quarts counter tops, stainless appliances, new flooring, all new trim, popcorn ceilings were scraped and textured. All new sinks, heaters and outlets replaced. Huge back yard, one car garage on each side and all appliances stay! Newer vinyl windows, crawlspace insulated, newer garage doors and all gutters replaced. Nice driveway for parking, quiet area and close to schools, shopping, restaurants and JBLM. Make sure you check this nice duplex 6 bedroom, 4 bath out today!

17620 17622 30th Avenue Ct E, Tacoma

Listing courtesy of John L. Scott, Inc.

$399,000

2563347 MLS ⋅ ACTIVE Status

Rare Multifamily Opportunity in Charming Orting! Bring your tool belt and vision to restore this unique property featuring TWO HOMES on one parcel—a fantastic opportunity to build instant sweat equity or add to your investment portfolio. The main home is accompanied by a cozy 624 sq. ft. 1-bedroom, 1-bath Home with an attached garage, making it ideal for rental income, multigenerational living, or guests. Outside, you'll find a spacious lot with a 24x20 detached storage building, garden area, fire pit, plus a detached 1-car garage/shop for the main home. Located in the highly desirable town of Orting, you'll love the small-town charm, scenic walking and biking trails, breathtaking Mount Rainier views, and welcoming community atmosphere. Whether you're an investor, owner-occupant, or someone looking for a project with incredible upside, this is a rare chance to own a multifamily property in one of Pierce County's most sought-after communities. Opportunities like this don't come around often—don't miss it!

603 Kansas Street SW Unit #1 & 2, Orting

Listing courtesy of eXp Realty.

$699,000

2561566 MLS ⋅ PENDING Status

Fantastic duplex opportunity set on a dead-end street on over an acre! Whether you are looking for an investment property, multi-generation living, or the chance to live in one side and rent the other, this property offers great flexibility. One unit features 2 bedrooms, the other has 3 bedrooms, and each unit has its own garage space. PLUS there is a large shop on the property, perfect for storage or workspace, or rent it out for boat or RV storage. With easy access to Hwy 16, the Bremerton shipyard, Costco, YMCA shopping, schools, medical facilities, and dining options, this is a rare chance to own a duplex on acreage in a convenient location. The large level lot lends itself to gardening, sports activities, or just enjoying some peace and quiet. Investors - with its waterfront amenities, farmers markets, concerts, excellent schools, abundance of parks, shopping, medical facilities and recreation opportunities, Gig Harbor has a strong need for rental properties. Don't let this one slip away!

14130 41st Avenue Ct NW Unit #A & B, Gig Harbor

Listing courtesy of Windermere Prof Partners.

$729,900

2565099 MLS ⋅ ACTIVE Status

Rare opportunity in one of Pierce County’s most desirable locations. This fully recently renovated duplex features updated bathrooms, kitchens, flooring, doors, finishes, trim, and more — move-in ready with modern updates throughout. 6.57% Cap Rate! Live in one side and rent the other, or rent both units for strong cash flow (currently $2,850 + $2,200). The property sits on a large private lot, secluded down a long driveway and backed by a beautiful green belt and partial views of Mount Rainier. Zoned for multi-family, the front portion of the lot offers possible future development potential for another Duplex, a Detached Accessory Dwelling Unit (DADU), or construction of an additional residence. Minutes to I-5, shopping, and Browns Point waterfront with excellent schools nearby. No HOA! Plenty of parking and a spacious lot round out this hard-to-find opportunity in a high-demand area. Opportunities like this are rare-- don't miss your chance! Buyers to verify all developmental potential. Interior viewing available with 48 hour notice.

6425 7th Street NE, Tacoma

Listing courtesy of Best Choice Realty LLC.

$599,900

2565261 MLS ⋅ PENDING Status

Investor opportunity with upside in a convenient South Hill location. This triplex features three 2-bedroom, 1-bath units, including two units of approximately 870 sq ft & one larger unit of approximately 1,000 sq ft. Property includes a common laundry room, three covered parking spaces & six additional uncovered parking spaces on a large lot with room to improve parking, storage, exterior use & curb appeal. Each unit offers a practical layout with strong rental potential after updates, including flooring, paint, appliances & general cleanup. Existing 6-bedroom septic supports the current bedroom configuration. Excellent opportunity to renovate, stabilize operations & build long-term cash flow. Cash or seller-financing offers preferred.

12902 147th Street E, Puyallup

Listing courtesy of eXp Realty.

$399,999

2564463 MLS ⋅ PENDING Status

Fantastic opportunity to own a triplex in Lakewood! Each unit features 1 bedroom and 1 bathroom, making this an excellent entry-level multifamily investment. Priced to reflect the need for some TLC, the property offers strong value-add potential. Situated on a large lot with possible future development opportunities. Buyer to verify all information and development potential to their satisfaction.

9212 33rd Avenue Ct S, Lakewood

Listing courtesy of Every Door Real Estate.

$749,950

2563334 MLS ⋅ ACTIVE Status

Maximize your portfolio returns with this premium, one-level, low-maintenance duplex nestled in a quiet cul-de-sac community. This amazing investment opportunity is located in a small community of similar duplexes right off of Canyon Road and very close to Hwy 512. The HOA takes care of most of the landscaping for ultimate ease of ownership. Perfect for seasoned investors or owner-occupants looking to house-hack, this turnkey property features an efficient floor plan with 1,324 SF each side—each boasting a highly rentable 3-bedroom, 2-bathroom layout, individual fully finished and painted 2-car garages, wide driveway, and newer appliances are included. This duplex backs to nature and has woods on the west side for premium privacy that renters will appreciate. Enjoy immediate, predictable cash flow from established, long-term tenants, alongside massive upside potential to capture full market value upon lease renewals. This is an investment opportunity that you cannot afford to miss. Make an appointment to see it today!

5902 115th Street E, Puyallup

Listing courtesy of Washington First Properties.

$599,999

2562234 MLS ⋅ PENDING Status

Exceptional turnkey investment opportunity in the heart of Downtown Tacoma near Wright Park! Fully renovated, this property functions as a tri-plex while maintaining its legal duplex status, offering two spacious 3-bedroom units, plus a finished lower-level 2-bedroom unit for additional income potential. All three units have been extensively updated and are currently vacant, providing flexibility for investors seeking market rents or owner-occupants looking to offset their mortgage with rental income. Three separate electric meters allow tenants to pay their own electricity, helping reduce operating expenses. The property also offers outstanding future upside with potential to construct a Detached Accessory Dwelling Unit (DADU) in the rear yard, creating the opportunity for a 4th additional income-producing unit. A freshly improved backyard, alley access, and three dedicated parking spaces further enhance the property's functionality and appeal. Located amongst major hospitals, medical facilities, transit, the Tacoma Link light rail, downtown Tacoma, and major commuter routes, this is an ideal location for healthcare professionals, commuters, and long-term tenants alike. A rare opportunity to acquire a move-in-ready investment property with immediate cash flow potential and future development possibilities. Buyer to verify all redevelopment, zoning, and DADU potential. Approx. 11.6% cap rate, $84,000 gross annual income, and $7,000/month in rental income.

615 Martin Luther King Jr Way, Tacoma

Listing courtesy of 1 Percent Lists Tacoma.

$500,000

2562140 MLS ⋅ ACTIVE Status

Wonderful investment property ready to rent! Unit A- occupied newly signed lease at $1895/month. Features 3 bedroom 1 bath, 2 stories with full kitchen and full bath. W/D in unit, large front porch, excellent location in central Tacoma. Unit B- recently updated on lower level. 2 bedroom 1 bath. 3 parking spots plus street parking. Backyard features shared garden area, and room to play on a good lot. Come take a look today, and buy your next investment property!

1110 S 25th Street Unit #A/B, Tacoma

Listing courtesy of Keller Williams Realty PS.

$8,900,000

2561392 MLS ⋅ ACTIVE Status

A truly extraordinary Spanish-inspired estate, distinguished by its timeless white stucco exterior, red tile roof, and exceptional craftsmanship. Beyond the secure gated entry, immaculate grounds and a grand circular drive set the stage for an unforgettable arrival. Inside, marble floors, sparkling crystal chandeliers, soaring ceilings, and exquisite finishes create an atmosphere of refined luxury, enhanced by an integrated sound system, video security, elevator access to both levels, and a temperature-controlled wine cellar. Designed for grand-scale living and entertaining, the main residence offers 7 bedrooms and 9 baths, including a private ADU off the lower level, plus a detached casita, pool house, and outdoor kitchen in the courtyard totalling 14K sf! The chef's kitchen is a masterpiece with 4 sinks, gas range, double ovens, and a pass-through bar with heat lamps. The elegant dining room seats 20. Relax in the den featuring a full bar and second kitchen. Resort-style amenities include a spectacular indoor pool house with heated pools, a jacuzzi, two bathrooms, and poolside shower, along with an outdoor kitchen equipped with professional-grade appliances, inviting courtyard fire pit, and multiple seating areas. An additional 2 acres of undeveloped land. Close to hospitals, dining, and shopping! This home has even served as a filming location for the movie "Last Seen in Idaho." Be sure to watch the property video. Rare opportunity to own a truly private mansion.

6409 Rosedale Street NW, Gig Harbor

Listing courtesy of United R/E Puget Sound West.

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