Pierce WA Multi-Family Real Estate, Homes for Sale

2525348 MLS ⋅ PENDING FEASIBILITY Status

Gen Villas is a cash-flowing value-add 14-unit apartment community situated on 2.62 acres in a serene creek-side setting surrounded by lush greenery in Lakewood, located less than 2 miles from Joint Base Lewis-McChord, Pierce County’s largest employer. The property consists of 14 units across two separate buildings: a 6-unit building located at the front of the property, originally constructed in 1972, and an 8-unit building situated at the rear of the property, built in 1955. The unit mix includes one 4-bedroom / 3-bathroom unit, one 3-bedroom / 1-bathroom unit, three 2-bedroom / 1-bathroom units, and nine 1-bedroom / 1-bathroom apartments. Seven units at the property have been updated to a similar finish level as photographed in Unit 5, featuring luxury vinyl plank flooring, fresh interior paint, and newer kitchen appliances and cabinetry. The opportunity exists for new ownership to complete cosmetic renovations to the remaining 7 units and increase rents approximately 17% to market. A Additionally, Units 1, 2, and 4 include in-unit washer and dryer stacks, while the remaining units benefit from access to an on-site community laundry facility. Residents benefit from an ample supply of off-street parking, including 6 carports and 3 surface parking stalls serving the front building, as well as an additional 16 surface parking stalls designated for the rear building.

12413 Bridgeport Way SW, Lakewood

Listing courtesy of Blake Investment Advisors.

$730,000

2521644 MLS ⋅ ACTIVE Status

This turn-key duplex building is fully leased and located in desirable Bonney Lake, just blocks from Lake Tapps and parks. Each unit contains 3 bedrooms, 2 full baths, a bonus room, a washer-dryer and a 2-car garage. The nicely appointed kitchens have dishwashers and abundant cabinet space. Relax or entertain on the deck, patio, or in the fully-fenced rear yard. From an investor's perspective, these modern buildings can make great investments and are located in a peaceful setting. Note: Rents scheduled to increase on 8/1/26 @ "7225" to 1975 + 175 utils = 2040/mo. Rents scheduled to increase on 9/1/26 @ "7223" to 1975 + 175 utils = 2040/mo.

7223 Vandermark Road E, Bonney Lake

Listing courtesy of PPS Homes.

$730,000

2521681 MLS ⋅ ACTIVE Status

This turn-key duplex building is fully leased and located in desirable Bonney Lake, just blocks from Lake Tapps and parks. Each unit contains 3 bedrooms, 2 full baths, a bonus room, a washer-dryer and a 2-car garage. The nicely appointed kitchens have dishwashers and abundant cabinet space. Relax or entertain on the deck, or in the fully-fenced rear yard. From an investor's perspective, these modern buildings can make great investments and are located in a peaceful setting.

7229 Vandermark Road E, Bonney Lake

Listing courtesy of PPS Homes.

$865,000

2527663 MLS ⋅ PENDING Status

Rare opportunity to own a well-maintained duplex in the highly desirable Lake Tapps area, tucked away on a quiet dead-end street surrounded by mature trees and a peaceful neighborhood setting. Purchased from builder by sellers in 2003, this property has been an exceptional long-term investment with strong appreciation, reliable tenants, and steadily increasing rental income. Each spacious unit offers nearly 1400 sq ft with 3 bedrooms, 2.5 baths, full-size laundry, large primary suites with walk-in closets, private decks, backyards, and oversized 2-car garages, a combination that has made tenant retention remarkably strong. Current tenant in Unit 1 has been extremely reliable and would like to stay. The previous tenant in Unit 2 remained for 9 years. Unit 2 has recently been refreshed with new interior paint, new laminate flooring throughout the main level, new front-load washer and dryer, new water heater, and new range. Unit 2 also features granite countertops, while Unit 1 offers laminate flooring in the kitchen and dining areas. Entire building received a new roof and gutters in 2026. Neighborhood membership includes access to coveted Church Lake Park on Lake Tapps with private picnic areas, playground, + boat launch access, a rare amenity in an area with limited public lake access. Opportunity for either an investor seeking strong rental appeal and upside potential, or an owner-occupant looking to offset mortgage costs with built-in rental income.

7418 207th Avenue E, Bonney Lake

Listing courtesy of Rethinking Real Estate LLC.

$785,000

2528502 MLS ⋅ PENDING INSPECTION Status

Excellent investment opportunity in Tacoma’s sought-after North End! This well-maintained 4-unit property at 1102 N Sheridan Ave offers a strong 6.5% cap rate with significant upside and pride of ownership throughout. Numerous improvements have already been completed, helping reduce future maintenance concerns while enhancing tenant appeal. Located in a premier location close to shopping, dining, parks, waterfront amenities, and commuter routes, this property combines stable income potential with long-term appreciation opportunity. Whether you’re expanding your portfolio or completing a 1031 exchange, this is a rare chance to own a turn-key multifamily asset in one of Tacoma’s most desirable neighborhoods.

1102 N Sheridan Avenue, Tacoma

Listing courtesy of ANB Homes.

$500,000

2527354 MLS ⋅ PENDING Status

Don't miss this well-maintained one-story duplex nestled in a Puyallup neighborhood. 5813-5815 98th St E offers investors a turnkey income-producing property with strong rental demand in one of Pierce County's fastest-growing communities.This duplex delivers solid returns from day one with low operating expenses that keep net operating income healthy — making this an attractive addition to any investment portfolio.Located in the heart of Puyallup, residents enjoy convenient access to shopping, dining, schools, and major commuter routes, including Hwy 512 and SR-167. The one-story layout offers broad tenant appeal, including accessibility-conscious renters — a feature that keeps vacancies low and tenants long-term.

5813 -5815 98th Street E, Puyallup

Listing courtesy of Washington Realty Group.

$865,000

2527369 MLS ⋅ PENDING INSPECTION Status

Excellent Multi-Family Investment Opportunity in Downtown Puyallup!Well-maintained single-story 4-plex located in a desirable Puyallup location, offering strong rental appeal and investment potential. Situated at 322 7th St SW, this property features a practical one-level layout, appealing to a broad tenant base. Amenities include a shared on-site laundry room and convenient alley access, with Unit 4 offering the added benefit of private off-alley parking.Ideally located near downtown Puyallup amenities, shopping, dining, parks, and commuter routes, this property presents an outstanding opportunity for investors seeking stable income potential in a high-demand rental market. Add to your portfolio or invest in a versatile multi-family property with long-term upside.

322 7th Street SW Unit #1-4, Puyallup

Listing courtesy of Washington Realty Group.

$675,000

2525075 MLS ⋅ PENDING Status

Excellent investment opportunity in sought-after University Place! This duplex features two spacious 3 bed, 1.75 bath units with approx. 1,400 SF each. Functional layouts include ensuite bedrooms downstairs, covered decks off the dining rooms, and attached 1-car garages for both units. Major updates include a newer roof and septic system. Prime location directly across from Meadow Park Golf Course with easy access to shopping, dining, and amenities. Units are ready for cosmetic updates, offering excellent sweat equity and upside potential for the next investor.

6222 54th Avenue Ct W, University Place

Listing courtesy of Windermere Prof Partners.

$599,950

2525707 MLS ⋅ ACTIVE Status

Exceptional multi-family investment opportunity in the heart of South Tacoma’s thriving rental market. Located at 11901 Ainsworth Ave S, this income-producing property offers strong cash flow potential, consistent tenant demand, and long-term upside for investors seeking a high-performing asset.The property features functional unit layouts, ample parking, and convenient access to major commuter routes, JBLM, shopping, dining, and public transportation—making it highly attractive to renters. Tacoma’s continued population growth and limited housing inventory continue to support a strong rental market, positioning this property for stable occupancy and reliable income generation.Whether you're looking to expand your investment portfolio, complete a 1031 exchange, or secure a property with future appreciation potential, this multi-family opportunity delivers the ideal combination of location, rental demand, and cash-flow performance. Don’t miss your chance to invest in one of Tacoma’s most active and growing rental corridors.

11901 Ainsworth Avenue S, Tacoma

Listing courtesy of Coldwell Banker Bain.

$725,000

2521954 MLS ⋅ ACTIVE Status

Well-maintained duplex on a rare 1.25-ACRE wooded lot in a quiet, private setting. Built in 2003, this property features two spacious townhome-style units, each offering 3 bedrooms, 2.5 baths, and oversized 2-car garages. Major recent upgrades include a new roof, new siding, fresh exterior paint, and updated flooring, appliances, and interior paint in the vacant unit. One unit has been intentionally left vacant to allow for easy showings and to create an excellent opportunity for an owner-occupant buyer to offset their mortgage with rental income. The combination of large unit sizes, extensive recent improvements, garage space, and the secluded woodsy setting makes this a rare offering with strong appeal for both investors and owner-occupants.

12612 153rd Street E, Puyallup

Listing courtesy of Real Broker LLC.

$599,950

2525050 MLS ⋅ ACTIVE Status

Prime multi-family investment opportunity in a high-demand Tacoma rental corridor. This income-producing property at 1205 130th St S offers investors the chance to secure consistent cash flow with strong occupancy potential and future appreciation upside. Featuring well-designed units, practical layouts, and desirable outdoor space, this property is positioned to attract long-term tenants and maximize rental income.Conveniently located near JBLM, major highways, shopping centers, schools, and public transit, the location supports continued tenant demand and stable returns. Ample parking and easy access add to the property’s overall appeal for both tenants and investors alike.Whether you're a seasoned investor looking to expand your portfolio or a buyer seeking a strong-performing asset with value-add potential, this Tacoma multi-family property delivers an excellent combination of cash flow, location, and long-term investment opportunity.

1205 130th Street S, Tacoma

Listing courtesy of Coldwell Banker Bain.

$599,950

2525044 MLS ⋅ ACTIVE Status

Excellent multi-family investment opportunity in South Tacoma offering strong cash flow potential and long-term upside. Situated on a spacious lot, this property features multiple income-producing units with functional layouts, comfortable living spaces, and strong rental appeal. Investors will appreciate the opportunity to generate steady monthly income while benefiting from Tacoma’s continued rental demand and growth.The property offers ample parking, outdoor space, and convenient access to shopping, schools, public transportation, JBLM, and major commuter routes—making it highly attractive to tenants. Whether you’re expanding your portfolio, house hacking, or seeking a value-add opportunity with future upside, this property presents flexibility and income potential in a desirable location.A rare chance to own a versatile multi-family asset with immediate revenue potential and room for future growth.

1206 Tule Lake Road S, Tacoma

Listing courtesy of Coldwell Banker Bain.

$660,000

2524895 MLS ⋅ ACTIVE Status

This duplex that sits on a large lot. A smart buyer could occupy one of the units and rent the other side, or an investor seeking rental income will like that both the exterior and interior of both units are in good condition and rented. The roof replaced in 2022. Each unit is 1309 sq ft, 2 BR/1.5 baths and each has a 1 car garage. The living rooms have a tall ceiling and a FP. Well equipped kitchens with all appliances and adjacent dining area. Each unit has a laundry room. Good value here on this duplex near Canyon Rd and the Summit area.

4605 73rd Street Ct E, Tacoma

Listing courtesy of Integrity Real Estate.

$799,950

2524218 MLS ⋅ PENDING Status

Single level 4-plex provides a great opportunity to add to an investment portfolio!*All 4 units are identical, offering 2 beds/1 bath, 875 sq ft, with all kitchen appliances included*Washer/Dryer hookups are available in each unit, plus there are outside storage areas for each tenant*Situated on a spacious corner lot in a dead end neighborhood, offering both privacy and convenience*Some landlord improvements have been recently done to a few of the units, while others present an opportunity to increase rents and add value*Roof is less than 5 years old*Current rents range from $1495 to $1550, providing a strong foundation for future growth*Property is currently generating $6340 in total monthly income with a solid 6.6% cap rate*Prime location situated on the border between Lakewood and University Place, offering tenants easy access to shopping and all amenities*Trader Joes is just 10 mins away!*Chamber's Bay is approximately a short 15-minute drive*A low maintenance, incoming generating asset in a convenient location - ideal for investors looking to expand their portfolio with both stability and upside potential*Less than $200K/door!

5002 S 58th Street, Tacoma

Listing courtesy of John L. Scott, Inc..

$3,300,000

2524225 MLS ⋅ ACTIVE Status

Prestige Center is a well-located 19-unit mixed-use building with 10 apartments and 9 ground-floor commercial suites totaling ~15,400 SF on a 27,600 SF lot. The building sits on a corner lot just off Bridgeport Way — University Place's primary retail corridor — offering strong visibility, prominent storefront exposure, and 38 surface parking stalls at a 2.0/unit ratio. The residential component features five one-bedrooms averaging 700 SF and five two-bedrooms averaging 900 SF — generously sized for vintage product in the submarket. The commercial component consists of 9 suites ranging from 800 to 1,000 SF, 100% leased to established local operators.

7902 27th Street W, University Place

Listing courtesy of Northmarq Multifamily, LLC.

$950,000

2523786 MLS ⋅ ACTIVE Status

Multi-Generational or Investment Opportunity: Set among the trees and creeks on nearly half an acre, this uniquely versatile Gig Harbor property is comprised of three distinct living spaces, offering a variety of possibilities. Whether you are looking for true multi-generational living, supplemental rental income, or a long-term investment, the options afforded by this property are hard to find. The main floor of the single-family home encompasses approximately 2,200 square feet & includes 3 bedrooms, 2.5 baths, a dedicated office space, generous living and dining areas, & a well-appointed kitchen. Above, there is an 800 sqft, 1 bed, 1 bath apartment w/full kitchen. On the ground level, there is a separate 1,200 square foot, 1-bedroom, 1 bath ADU with "no stairs" access, full kitchen, living room & office/storage. Each of these spaces reflects quality craftsmanship and thoughtful design with cherry cabinetry, granite tile countertops, stainless appliances, and laundry hookups. For covered parking, there are attached 2-car and 1-car garages. There is also extensive off-street parking. Located close to the Gig Harbor Golf Club and just minutes from Highway 16 and Uptown Gig Harbor shopping, dining, and services -- this is a rare opportunity. Photos are virtually staged. Property is occupied. Do not disturb tenants or trespass. Schedule showings with a broker.

7720 Artondale Drive NW, Gig Harbor

Listing courtesy of Coldwell Banker Bain.

$1,400,000

2521302 MLS ⋅ ACTIVE Status

The Fircrest investment opportunity you’ve been waiting for! This well-maintained fourplex features four spacious units, each offering 2 bedrooms and 1.5 baths. Inside, tenants enjoy a highly desirable layout complete with a cozy fireplace, an eat-in kitchen with granite countertops, a formal dining room, a walk-in closet, and an in-unit washer/dryer. Capitalize on a turnkey property featuring covered carport parking and dedicated storage spaces.

1461 Rainier Court, Fircrest

Listing courtesy of Berkshire Hathaway HS NW.

$979,999

2520517 MLS ⋅ ACTIVE Status

Stunning Victorian 4-plex spread over two buildings that were fully rebuilt from the studs out in 2018. These units blend historic character with modern luxury! All units are fully furnished, and the sale includes all furniture, linens, dishware, décor and household essentials—offering a truly turnkey, income-producing highly rated vacation rental property from day one (ratings listed below). Each unit features its own in-unit washer and dryer. Prime Hilltop location with excellent walkability to the Tacoma light rail, convention center, UW Tacoma, and local museums, plus less than a mile from three major hospitals (about a 3-minute drive or 5-minute bike ride), making it highly desirable for traveling professionals and 30+ day furnished rentals. Thoughtfully designed unit mix offers strong income potential across all four units. Unit 1 features a spacious 1 bed/1 bath (900 SF) with open living and dining layout, sleeping 3 and averaging $2,838/mo (4.86/5 Star Rating). Unit 2 is the largest at 3 bed/2 bath (1,335 SF), sleeping 8, highlighted by partial Mt. Rainier views and two private decks, averaging $3,841/mo (4.9/5 Star Rating). DADU lower unit includes 1 bed/1 bath (600 SF), tile flooring in a sleek kitchen, sleeping 2, averaging $2,745/mo (4.85/5 Star Rating). Upper DADU is a cozy 1 bed/0.75 bath (600 SF), also sleeping 2, averaging $2,443/mo (4.84/5 Star Rating). Excellent opportunity for investor or house-hack buyer seeking strong in-place income and flexibility.

1214 S I Street, Tacoma

Listing courtesy of Kelly Right RE of Seattle LLC.

$450,000

2518486 MLS ⋅ ACTIVE Status

Excellent investment opportunity! Duplex located just north of mall close to all amenities and potential tenants. Both sides are now vacant so this would good time for owner occupied or investor to do a little refresh. One bedroom and one bath each side and both have been updated and have a decent sized yard for other things. Depending on how you want to layout the yard, there is plenty of room for off street parking (some in place).Check it out!

29 Nevada, Tacoma

Listing courtesy of Person Real Estate Group LLC.

$1,429,000

2518189 MLS ⋅ ACTIVE Status

$30,000 offered for buyer closing costs and rate buy down. Don't miss the chance to use this incentive to make this great investment even better! Exceptional investment opportunity with this well-maintained 4-plex offering strong income potential and low owner expenses. Each of the four spacious units features 3 bedrooms and 1.75 bathrooms, designed to live like townhomes with only one shared wall for added privacy and comfort. Property highlights include a brand-new roof installed in 2025, attached one-car garages for every unit, and separate utility metering allowing tenants to cover their own utilities and keeping landlord costs minimal. Ownership is simplified with expenses limited primarily to insurance and property taxes. Ideally located near shopping, dining, schools, and major commuter routes, this property offers convenience tenants will appreciate and investors will value. A rare combination of size, functionality, and efficiency perfect for both seasoned and first-time investors.

4560 S Puget Sound Ave, Tacoma

Listing courtesy of Terrafin.

$1,099,000

2517607 MLS ⋅ ACTIVE Status

Turnkey Cash-Flowing Triplex. Mostly new 4Br2/Ba primary unit $7,700 monthly investor income or Owner-Occupied Ready! This rare triplex has strong rental income, premium finishes, and almost zero maintenance. Unit A & Unit B – Spacious 2-bedroom, 1-bath units with private balconies, each with 2 dedicated external parking stalls. Currently leased at $2,295/month each (total $4,590). Unit C – new+remodeled 4-Bedroom, 2-bath unit renting for $3,110/month. Features two hot water tanks, two washer/dryer hookups, its own internal parking spot, and a massive private internal storage unit. Total Gross Monthly Income: $7,700 – All units currently occupied and paying on time. Recent Upgrades Throughout the Entire Building: Full building professionally painted just 5 months ago. All-new windows installed within the last 20 months Roof only 3 years old + brand-new spray foam roof insulation State-of-the-art full 360° security system Epoxied garage floor with brand-new garage door opener. All appliances less than 3 years old Parking & Storage: Total of 8 parking stalls (7 external + 1 internal garage/generous private storage for Unit C). Modern, secure, fully leased, and nearly maintenance-free, cash flow immediately.

105 E 96th Street, Tacoma

Listing courtesy of Skyline Properties, Inc..

$445,000

2517102 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 S, Tacoma

Listing courtesy of 5 Star Property Management.

$465,000

2516930 MLS ⋅ PENDING Status

Situated blocks away from PLU this charmer features an ADU and 2-car detached garage!! Main house is warm & inviting w/ updates and period details including original hardwood floors, coved ceiling & gorgeous archway. Filled with character & intentional touches including repurposed materials and exposed cedar finishes throughout. Features include living room with wood-burning fireplace, primary bedroom with custom closet w/ shelving, lighting & electric fireplace, big kitchen with gorgeous coffee bar, unbelievable covered-deck with tons of space to entertain, relax & enjoy fresh air all year long. The ADU has a nice flow with beautiful hardwood floors, open-concept kitchen, separate sleeping space, and 3/4 bath. The detached garage is a mechanic's/woodworker's dream with workbench, air filtration system, and loft for storage. Additional features include: hardie plank siding, newer gutters, gas furnace installed in 2021, fully-fenced backyard, hot tub, 8x8 shed & HUGE driveway w/ room for multiple cars and RV parking.

905 115th Street S, Tacoma

Listing courtesy of Coldwell Banker Danforth.

$629,000

2512903 MLS ⋅ ACTIVE Status

Positioned in a desirable South Tacoma location within unincorporated Pierce County, this tastefully updated duplex offers a rare blend of immediate cash flow and long-term development upside. Each unit generates approximately $1,700/month in reliable rental income, making this an attractive turnkey investment with strong in-place returns. The property has been thoughtfully upgraded with modern, higher-end finishes that appeal to quality tenants, helping ensure consistent occupancy and rental stability. What truly sets this property apart is its Urban Corridor (UC) zoning designation, opening the door to a wide range of future development possibilities. UC zoning is intended to support higher-density residential and mixed-use projects, allowing for potential redevelopment into multi-family housing, townhomes, or even a mixed-use building with commercial space on the ground level and residential units above (buyer to verify with Pierce County). This creates a compelling opportunity for investors and developers alike to capitalize on the area’s continued growth and demand for housing. Whether you choose to hold and enjoy steady income, or plan for a future redevelopment project, this property offers flexibility, strong fundamentals, and upside potential in a growing corridor. Opportunities like this—combining current performance with forward-looking potential—are increasingly hard to find.

10133 Patterson Street S, Tacoma

Listing courtesy of Triwood Realty.

$599,000

2515748 MLS ⋅ ACTIVE Status

Prime Downtown Puyallup investment opportunity! This fully renovated (2016) triplex at 232 4th Ave NW offers high rental demand near the Sound Transit station with just over 1,800 sq ft, boasting updated interiors while retaining classic charm in a walkable, top-tier location. The lot is zoned CBD (buyer to verify). There are two units downstairs and one upstairs. 100% new electrical and plumbing done in 2017.

232 4th Avenue NW, Puyallup

Listing courtesy of The Real Estate Firm.

$950,000

2515196 MLS ⋅ ACTIVE Status

Meticulously maintained duplex in Puyallup offering a rare investment opportunity with an estimated 5.5% cap rate. Ideal for owner-occupants or investors—live in one unit and generate income from the other, or lease both and expand your portfolio. Built in 2019, this rambler-style duplex sits on over ½ acre at the end of a quiet dead-end street, providing privacy with minimal traffic. Each unit features 2 bedrooms, 2 bathrooms, and just over 1,100 sq ft, along with attached 2-car garages. Thoughtfully designed with modern finishes, including LVP flooring, quartz countertops, stainless steel appliances, ductless mini-split systems, and in-unit washer/dryer. The primary suites include walk-in closets and double vanity sinks, offering both comfort and functionality. A detached shop/garage adds flexibility for additional income, storage, or workspace. Strong rental appeal—one unit already leased (secured within 24 hours)—making this a turnkey opportunity. Additional highlights include ample parking, RV parking with power hookup, and optional rental income from the detached garage. Bonus opportunity: The property is equipped with an additional 200-amp power service, originally planned for an ADU—offering future development potential for added value or income. Conveniently located just minutes from Costco, major freeways, shopping, and dining, this property combines seclusion, modern living, and income potential in one exceptional package.

12926 78th Avenue E, Puyallup

Listing courtesy of John L. Scott, Inc..

$725,000

2515216 MLS ⋅ PENDING INSPECTION Status

The main home features 3 bedrooms, 1.5 baths & offers a spacious living room, bright kitchen, a cozy dining area, & stylish modern updates throughout. Sitting on two parcels, this property feels like a corner lot and includes a detached DADU 1-bd, 1-ba home. Rental opportunity, multigenerational living, or an office/studio space. Step outside to enjoy a covered patio perfect for year-round entertaining & a large, fully fenced, yard ideal for pets, play, or gardening. A large 2-car garage sits between the two homes. Opportunity for rental income! Live in one home, rent the other! With its unbeatable location near parks, schools, restaurants, shopping, & commuter routes, this home offers both comfort & flexibility in one of Puyallup’s most sought-after neighborhoods.

343 4th Street SE, Puyallup

Listing courtesy of Windermere Prof Partners.

$719,950

2514952 MLS ⋅ ACTIVE Status

Beautiful corner lot duplex in Alderwood Estates neighborhood of South Hill! Property is one of a kind with over half an acre of manicured land, leaving ample room for storage, parking & potential future building or outbuildings. Many updates including newer appliances, water heaters, heat pumps, bathroom vanities, floors and more! Both units have their own laundry area and 1 car attached garage, spacious kitchens and great covered patio in a sizable backyard. Close to all the shops, restaurants, and amenities but far enough away from the action you can appreciate the home's quiet surroundings. Unit 15115 is 3 bed, 2 bath, and 1224 sqft. Unit 15117 is 2 bed, 1 bath and 1084 sqft. Both units are occupied- do not disturb tenants.

15115 129th Avenue E, Puyallup

Listing courtesy of Keller Williams Realty.

$925,000

2513807 MLS ⋅ ACTIVE Status

1212 S. I Street is a turnkey investment opportunity that delivers both dependable income and long-term value appreciation. With four living units and a 5th for storage this property is generating stable rental revenue, has strong tenant demand driven by nearby employment and education, and clear potential for value-add improvements. This property offers an ideal balance of security and growth. Property has a new roof, outside paint and stained decks. Investors and house hackers seeking a manageable, well-located asset in a dynamic Pacific Northwest market will find 1212 S. I Street to be a compelling choice. Owner previously lived and had office in 2 units of property and will rent back storage under unit 4 if desired, adding additional income. See recent passed Insurance Inspection in supplements

1212 S I Street, Tacoma

Listing courtesy of Keller Williams Rty Tacoma.

$950,000

2511533 MLS ⋅ ACTIVE Status

Four-plex! Located in Tacoma’s desirable North End, this property sits in a well established residential area known for its classic architecture, tree lined streets, and close proximity to local parks, schools, and everyday amenities. The neighborhood features a mix of historic and updated homes built between the late 1800s and early 2000s, contributing to its charming and timeless character. Nearby, residents enjoy access to shopping, dining, and recreation throughout the North End community. Unit one on the main floor has two bedrooms, one bath, a large living room and a bright and cheerful eat-in kitchen. Unit one has easy access to the fully-fenced backyard, four yard storage units and alley parking for 2 cars. Unit two is upstairs to the right, a one bedroom, one bath apartment, ready for some minor touchups. Unit three is also upstairs, another one bedroom, one full bath apartment with an open kitchen and living room. The fourth unit is a two story ADU with a separate entrance from the alley, one bedroom, and one bathroom, the kitchen has tons of storage, the in-unit laundry is on the main floor and the lofted bedroom upstairs makes for a cute and flexible unit. The main house basement is semi-finished, with laundry and storage or studio space. Two of the units are rented by long-term tenants who wish to continue their leases.

612 N Oakes Street, Tacoma

Listing courtesy of Realogics Sotheby's Int'l Rlty.

$540,000

2513459 MLS ⋅ ACTIVE Status

Live in one side and have your neighbor/renter pay part of your mortgage! Or buy a great rental! Duplex in Spanaway - each side 2 bedrooms, 1 bathroom, fireplace in living room, kitchen with dining space and laundry room. Large yards with fully fenced back yards. Single car garage and plenty of parking. Quiet cul-de sac near Spanaway Lake Park and JBLM. Exterior paint is new! Right side (1523) recently remodeled with new SS appliances, new LVP flooring and new carpet, new kitchen sink & faucet, new bathroom vanity and faucet. Owners have never lived in property. Washer plumbing and dryer plug exist and ready for your appliances. Left side (1521) currently with tenant in place on month to month lease.

1521 1523 151st Street Ct S, Spanaway

Listing courtesy of eXp Realty.

$674,950

2492239 MLS ⋅ ACTIVE Status

HOUSE HACKERS AND INVESTORS! Don’t miss out on this opportunity to own a duplex w/ a 3rd detached unit in South Tacoma! Spacious 3 bed 1 bath unit + 2 bed 1 bath unit in the duplex and a studio for the 3rd unit! Fully fenced yard for the upstairs unit and a fireplace! Off street parking out back for the downstairs tenant and 3rd unit! The convenient location nearby freeway access, shopping, restaurants, entertainment, DT, and more makes for good rental and good living! Dedicated laundry in each unit! Upstairs 3 bed 1 bath is vacant and ready to move in and offset your mortgage with the other units combined rent of $2,995!! Or rent out to cashflow! Potential condoization for even more opportunity? Buyer to verify!

4822 S L Street, Tacoma

Listing courtesy of Theory Real Estate.

$499,999

2511847 MLS ⋅ PENDING INSPECTION Status

CENTRALLY LOCATED DUPLEX FOR UNDER $500,000! Welcome to this Tacoma duplex, sitting on a flat corner lot in the heart of it all. You’re just minutes from hospitals, great restaurants, coffee shops, and nightlife, with super easy access to I-5 for commuting. Whether you're looking to expand your investment portfolio or live in one unit while renting the other, this property offers incredible flexibility. Currently operating as a short-term rental, it provides excellent income potential with the opportunity to continue its current use, subject to local regulations. Each side offers 2 bedrooms and 1 bathroom, with practical, comfortable layouts that tenants and guests alike will appreciate. The property features a detached garage that works well for parking or extra storage, plus a fully fenced yard with plenty of space to enjoy. There’s also on-site laundry and additional storage for added convenience. Both units have been freshly painted, and the upstairs unit has new tile and updated flooring, giving it a clean, refreshed feel. Each unit has its own power meter, and the garage is separately metered as well. With parks, the Stadium District, museums, shopping, and Tacoma's vibrant downtown nearby, this duplex offers an exceptional combination of location, flexibility, and investment potential.

2204 S 12th Street, Tacoma

Listing courtesy of RE/MAX Exclusive.

$599,950

2512006 MLS ⋅ ACTIVE Status

Discover the perfect blend of elegance & functionality in this traditional hilltop home! Enjoy breathtaking views of Mt. Rainier, the City and Commencement Bay from the comfort of your home. Open concept living room and kitchen with new vinyl plank flooring guiding you up the curved staircase to the primary bedroom & private bath. The daylight basement features new carpet and an optional ADU, ideal for additional income or multi-generational living. Conveniently located near downtown Tacoma and easy access to I-5. This residence is a haven of comfort & convenience.

1109 E 31st Street, Tacoma

Listing courtesy of Realty One Group Pacifica.

$719,000

2509011 MLS ⋅ ACTIVE Status

Live for Less, Invest for More: Turnkey Gig Harbor Duplex for $719,000! Perfect for house hacking or a powerhouse addition to your rental portfolio, this well-maintained corner-lot duplex offers the ultimate blend of lifestyle and cash flow. Live in one side and let the current rental income of nearly $2,300/month significantly offset your mortgage, or capitalize on a high-yield asset in a premier Pacific Northwest location. Each highly desirable unit feels like a private townhome, featuring 2 spacious bedrooms, 1.5 baths, an attached garage, and its own fully fenced backyard with a patio for ultimate privacy. Positioned just minutes from Highway 16, prime shopping, and dining, this turnkey property guarantees consistent tenant demand, low-maintenance landscaping, and a solid rental history. Whether you are looking to drastically cut your living expenses by occupying a unit or seeking a reliable, long-term investment in a highly coveted market, this Gig Harbor gem is a smart, strategic move.

3801 54th Street Court NW, Gig Harbor

Listing courtesy of KW Greater Seattle.

$529,500

2508069 MLS ⋅ ACTIVE Status

Quality Duplex with room for expansion! Income producing duplex with recent upgrades and an extra large lot. New roof in March 2026! Unit 10002 features 3 bedrooms, Jack-n-Jill full bath. 1 car garage, sporting all new windows April 2026. Unit 10004; 2 bedrooms, 1 bath, 1 car garage, remodeled in 2022, new carpet, paint, fixtures. Fenced front and back yards. Special shaped parcel (West Side of the lot, approx. 52x114') may allow for a 3rd Unit/Townhouse style or additional garage space, or potential split-off and sell to a neighbor. Located behind fenced yard of unit 10002, overgrown with bushes. There are newer homes to the North and new homes being built on East side. Great upcoming neighborhood. Connected to sewer. Viewing - Preapproval letter or Evidence of Funds prior to showing appointment. 72 hour Business Day notice required thru Property Management. No weekend showings due to property management attendance required. Both units are Tenant occupied. Kindly do not disturb. Buyer to verify all information to their own satisfaction.

10002 10004 Barnes Lane S, Tacoma

Listing courtesy of Windermere Prof Partners.

$639,950

2508462 MLS ⋅ PENDING Status

Instant income opportunity for savvy investors, house hackers, and buyers ready to begin building long-term wealth. This well-maintained duplex offers two 2-bed/1-bath units, each with its own utility room, covered patio, and fenced yard—features that support strong tenant appeal and everyday livability. One unit also includes a fenced garden area, adding even more charm and usable outdoor space. With strong rental history and consistent occupancy, this property offers reliable income potential in a high-demand rental area. The property offers convenient access to everyday essentials, 10min to most commuter routes (167/512 interchange and I-5), and local amenities—making it especially attractive to long-term tenants. Nearby downtown shopping and dining spots, Peach Park, Clarks Creek parks, and transit options like the Sounder train — all contribute to consistent rental demand and ease of living. A practical layout paired with private outdoor areas make each unit feel comfortable and self-contained, while the duplex setup creates flexibility for a range of ownership goals. Live in one side and offset your mortgage with rental income, lease both units for dependable cash flow, or add a solid asset to your growing portfolio. Whether you are a first-time investor looking for a launching place or an seasoned buyer seeking a proven income property, this duplex checks the boxes for versatility, demand, and long-term potential. Opportunities like this don't last long.

2023 -2021 14th Avenue NW, Puyallup

Listing courtesy of COMPASS.

$469,950

2508925 MLS ⋅ PENDING FEASIBILITY Status

Thoughtfully renovated from top to bottom, this classic duplex has been extensively upgraded, creating a move-in-ready property that feels nearly new throughout. This well-maintained property features two spacious units, each offering 2 bedrooms and 1 full bathroom. Both units provide comfortable living with newer flooring, appliances, and thoughtful improvements throughout. Significant updates include a new sewer line (2023), new roof and gutters (2022). 2017 improvements include new appliances, windows, doors, flooring, kitchen countertops, bathroom fixtures, wall heaters, water heater and electrical panels. This prime duplex is centrally located with quick access to the freeway, commuting is a breeze. This updated property presents an ideal opportunity. Don’t miss out!

3703 S Manitou, Tacoma

Listing courtesy of Better Properties N. Proctor.

$725,000

2508506 MLS ⋅ PENDING INSPECTION Status

Vaulted ceilings with open kitchens - these 3 bedroom, 2 bathroom open concept duplex units were upgraded 2-3 years ago with new floors, paint and carpet. Open kitchens with eating bar and dining space. No stairs or steps with wide doors and hallways - may be wheelchair accessible - Buyer to verify. Septic approved for 4 bedrooms total. Fully fenced back yards for each unit with patios. Gas fireplace in each living room, washer/dryer in each unit. Tenants in each side currently. Great opportunity for Buyer to move into one side or keep as rentals.

162 & 164 171st Street E, Spanaway

Listing courtesy of eXp Realty.

$799,950

2507125 MLS ⋅ ACTIVE Status

2 Houses on 1 Parcel and giving you 3 RENTAL UNITS. [Unit 411A and 411B]White Home in front has 2 UNITS w/ newer roof; pex plumbing, electrical, hardwood, and newer carpeting; and new double pane vinyl windows. UPDATED kitchens w/ stainless appliances. High ceilings and old-world charm create dramatic and easily rented homes. [Unit 409] DETACHED home in the rear w/ alley access offers the opportunity for a well-rounded investment; even multi-generational living. Garage w/ 2 separate stalls and alley access allows for plenty of parking. All units have been easily rented and have never had a problem filling with great residents. GREAT location for commuters and proximate to UW TACOMA, downtown, Tacoma Dome, HJwy 705, I-5, and all area services - north and south. A great place for your investment portfolio with an up-and-coming area.

409 S 30th Street, Tacoma

Listing courtesy of Morrison House Sotheby's Intl.

$2,400,000

2485504 MLS ⋅ ACTIVE Status

Sheridan Apartments | 9-Unit Fully Renovated Multifamily | 100% Occupied | $122,921 NOI Rare opportunity to acquire a fully stabilized, turnkey 9-unit asset in the heart of Central Tacoma. Sheridan Apartments offers immediate in-place cash flow with $194,000 gross income and $122,921 NOI, delivering strong performance from day one. This early 1900s Craftsman property has been extensively renovated, including fully updated interiors and a major electrical upgrade. There is no deferred maintenance, making this an ideal solution for investors seeking a low-management, quality asset. The diverse unit mix includes 2 detached homes, 5 apartment units, and 2 townhomes, creating strong tenant appeal and income stability. The property is 100% occupied and has demonstrated significant rent growth over the past several years, reflecting both operational strength and Tacoma’s expanding rental market. Located in Central Tacoma with a Walk Score of 86, the property benefits from proximity to JBLM, major healthcare employers, and multiple higher education campuses. JBLM alone supports over 52,000 employees with substantial off-base housing demand, reinforcing long-term rental stability. Whether completing a 1031 exchange or adding a stabilized asset to your portfolio, Sheridan Apartments provides immediate income, renovation quality, and long-term upside in one of Washington’s most supply-constrained markets.

1319 S 9 Street, Tacoma

Listing courtesy of Keasy Property Management.

$3,750,000

2505795 MLS ⋅ PENDING Status

The Titlow Beach Townhomes present a rare coastal investment opportunity consisting of two adjacent six-unit buildings totaling twelve residences. Constructed in 1979 and 1983, the property reflects strong pride of ownership with consistent maintenance, thoughtful upgrades, and modernized interior finishes. Each residence features a spacious two-bedroom, one-and-a-half-bath townhome layout of approximately 1,050 square feet, complemented by private entry-ways, in-unit laundry, fireplaces, dishwashers, and exclusive backyard or patio spaces. A distinguishing feature of the asset is its structure of six individual condominium tax parcels, creating unique flexibility and the potential for a phased or condo-by-condo disposition strategy that can enhance liquidity and value realization.

8424 8428 6th Avenue, Tacoma

Listing courtesy of Westlake Associates, Inc..

$575,000

2503329 MLS ⋅ ACTIVE Status

Two units, one smart investment, welcome to your next cash-flowing property in Lakewood! This well-maintained 2,360 sq ft duplex at 5907-5909 111th St Sw offers endless potential for investors, multi-generational living, or owner-occupants looking to offset their mortgage. Each spacious unit features 2 large bedrooms, 1.5 bathrooms, and a bright, inviting living room centered around a cozy fireplace. The layout boasts a large kitchen space with ample storage, plus a separate laundry room and half-bath on the main floor. Upstairs, you'll find two generously sized bedrooms and a full bathroom, providing comfortable separation of space. Situated on a large 8,316 sq ft lot, the property includes a fully fenced yard, newly replaced water heaters, updated bathroom (5909), new carpet, a patio, and abundant parking with up to 8 spaces (including carports). Well maintained to ensure it's move-in ready. In a prime location situated in the desirable Lakeview neighborhood, this duplex is just minutes from Joint Base Lewis-McChord (JBLM), making it a highly sought-after rental. Enjoy walking distance to Clover Park High School, local parks, and the Lakewood Towne Center. Commuting is a breeze with quick access to I-5 and Bridgeport Way. Whether you're looking to live in one unit and rent the other, accommodate extended living, or add a solid cash-flowing asset to your portfolio, this duplex delivers. Don't miss out on this rare Lakewood property!

5907 to 5909 SW 111th Unit #07-09, Lakewood

Listing courtesy of Keller Williams West Sound.

$525,000

2504505 MLS ⋅ ACTIVE Status

New price! Great older 4-plex on .4276 acre with potential for more development. Current zoning is Urban Corridor in the Parkland-Spanaway-Midland Communities Plan. 3 units are 2 bedroom and 1 bath, and one unit is 1 bedroom and 1 bath. Large yard with detached 4 car building. Common coin-operated laundry. Easy access to JBLM, Hwy 12, I-5, stores and restaurants.

9906 Croft Street S, Tacoma

Listing courtesy of Van Dorm Realty, Inc.

$750,000

2502777 MLS ⋅ ACTIVE Status

Great investment opportunity in University Place. This property comprises three units, designed to cater to a range of tenants—from cozy studios to a spacious 4-bedroom home. The interiors have been recently upgraded with LVP flooring, appliances, and in-unit washer/dryers. Below market rents offer room for growth. Whether you’re a seasoned investor or just starting out, this property presents an excellent opportunity to grow your portfolio. Act now and secure your foothold in this thriving market!

3119 Bridgeport Way W, University Place

Listing courtesy of TS Property Management.

$549,950

2501728 MLS ⋅ PENDING INSPECTION Status

Investment Opportunity on Nearly 1 Acre in Bonney Lake! Rare duplex set in the desirable White River School District, this single-story property features 1,536 total square feet with two side-by-side units, ideal for owner-occupancy with rental income or multi-generational living. One unit is currently owner- occupied and the other is tenant-occupied month-to-month, creating flexibility for future plans. Situated on a paved street with partial fencing, the expansive lot offers ample off-street parking (4+ uncovered spaces) and room for additional outbuildings, recreational vehicles, or potential value-add improvements (buyer to verify). This duplex presents a solid footprint with upside potential. Conveniently located near Hwy 410, shopping, dining, and commuter routes, this is a unique opportunity to own acreage with income potential in a rapidly growing Bonney Lake market.

22405 22407 120th Street E, Bonney Lake

Listing courtesy of Best Choice Realty LLC.

$894,950

2502194 MLS ⋅ ACTIVE Status

Seller offering $20,000 towards closing costs or rate buy down! INVESTORS & HOUSE HACKERS - this is perfect for you! Great investment or a primary home that provides income opportunity to offset your mortgage! This 4 plex in South Tacoma checks all opportunity boxes! Each unit is about 850+ SF. There are (2) 2 bed 1 bath units and (2) 1 bed 1 bath units. Upstairs units each have private decks! Updates throughout include some paint, flooring, kitchens, bathrooms, & grounds! Plenty of off street parking off the alley for about 12 cars for tenants & guests! Coin operated on site laundry conveniently for tenants & additional income. There are also 5 large ~10x10 storage units for your tenants & management/owner! Section 8 approved! Minutes away from freeway access, DT Tacoma, bus & train station, shopping, entertainment, food, & more! Don’t miss out on this opportunity!

3572 3574 E F Street, Tacoma

Listing courtesy of Theory Real Estate.

$1,225,000

2500941 MLS ⋅ ACTIVE Status

Hot summer days are made for strolling along your private community beach, just a short walk from your front door. Launch a kayak, cool off with a refreshing dip, beachcomb the shoreline, or relax as boats, harbor seals, bald eagles, and the ever-changing marine wildlife of Colvos Passage become part of everyday life. Return home to peaceful water views framed by a wall of windows that fills the home with natural light and over 3,100 SF of thoughtfully updated flexible living space. Zoned as a Duplex, the home is designed to maximize functionality, featuring a walk-out lower level with its own separate entrance, dedicated parking, private outdoor living space, and a floor plan that adapts to a variety of lifestyle needs. The open-concept main level showcases a gas fireplace surrounded by lit built-in shelving, a chef's kitchen remodeled in 2022, and breakfast nook dining area. Retreat to your spacious primary suite with water view and private deck access, a walk-in closet, and ensuite bath with soaking tub. Remodeled in 2023, the lower level includes a beautifully updated full kitchen, comfortable living spaces, bedrooms, baths, covered patio, and separate thermostat for independent climate control. Both levels include its own washer and dryer. An attached 2-car garage, generous storage, and a quiet Gig Harbor setting just 10 minutes from Highway 16 complete this quintessential North Gig Harbor home.

12421 6th Avenue NW, Gig Harbor

Listing courtesy of Windermere Prof Partners.

$879,000

2499387 MLS ⋅ ACTIVE Status

Lender-Paid 1-0 Temporary Buydown available with Preferred Lender on a Conventional Loan! Whether you're looking to offset your mortgage by living in one unit or expand your investment portfolio, this University Place duplex delivers exceptional flexibility. Vacant Unit B is ready for immediate occupancy or leasing, while spacious layouts, attached garages, and a private setting create a lifestyle rarely found in multifamily properties. Recent improvements include exterior paint, a newer furnace, and water heater for added peace of mind. Seller is offering a $4,000 credit at closing as an added incentive for the next owner. Conveniently located just minutes from UP Town Center, Chambers Bay, parks, shopping, dining, Tacoma, and JBLM, this is a unique opportunity to own in one of the area's most desirable communities.

3023 Bridgeport Way W Unit #B, University Place

Listing courtesy of Hawkins Poe.

$5,500,000

2495107 MLS ⋅ ACTIVE Status

Grande Terrace is a well-maintained 20-unit multi-family investment consisting of five 4-unit complexes with 2-bed/1-bath floor plans. This property is fully occupied with a stable tenant base and strong cash flow. The property is in excellent condition with recently replaced water tanks and heaters, no outstanding maintenance issues, and minimal owner responsibilities since tenants cover all utilities. This is an ideal turnkey investment for investors seeking passive income and reliable returns in the Tacoma market.

5201 - 5215 S Orchard Street, Tacoma

Listing courtesy of VPMG Property Management.

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