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$749,000
2579878 MLS ⋅ ACTIVE Status
Move-in ready and freshly updated! This beautifully remodeled duplex offers modern finishes throughout — newer flooring, updated cabinets and countertops, and other updated touches make this property stand out. Tucked into a quiet, established Lakewood neighborhood, you’re minutes from JBLM, top-rated schools, shopping, and dining, with easy access to I-5, SR 512, and the Sounder train. Whether you’re an investor looking for a turnkey rental or a buyer wanting extra income potential, this property checks every box: recently updated, low-maintenance, and ideally located. Don't miss out on this investment opportunity.

9417 Winona Street SW, Lakewood

Listing courtesy of eXp Realty.

$549,000
2573516 MLS ⋅ ACTIVE Status
Investment opportunity in desirable Steilacoom! Single-level duplex offering 1664 total sq. ft on a generous-sized lot. Strong rental history with potential for increased rental income make this an appealing property for investors or an owner-occupant looking to combine homeownership with the benefits of a multi-family property. Each residence offers well maintained, updated & functional living spaces each with 2 beds and 1 bath and approximately 832 sq ft, separate entrances and fenced outdoor areas complemented by an attractive landscaping and covered parking. Conveniently located near historic downtown Steilacoom, schools, parks and amenities with easy access to JBLM, Lakewood and major employment centers. A compelling opportunity to acquire a residential income property in a sought-after community where multi-family offerings are limited. Strong rental history. Investor Prospectus available upon request. One vacant unit at 515 Roe St is available for scheduled showings. The other nearly identical occupied units may be viewed following mutual acceptance. Adjacent duplex at 515 Roe St, MLS# 2573527 is also available and creates the opportunity for a 4-unit investment package.

2707 Lexington Street, Steilacoom

Listing courtesy of Keller Williams West Sound.

$549,000
2573527 MLS ⋅ ACTIVE Status
Investment opportunity in desirable Steilacoom! Single-level duplex offering 1664 total sq. ft on a generous corner lot. Strong rental history with potential for increased rental income make this an appealing property for investors or an owner-occupant looking to combine homeownership with the benefits of a multi-family property. Each residence offers well maintained, updated & functional living spaces each with 2 beds and 1 bath and approximately 832 sq ft, separate entrances and fenced outdoor areas complemented by an attractive landscaping and covered parking. Conveniently located near historic downtown Steilacoom, schools, parks and amenities with easy access to JBLM, Lakewood and major employment centers. A compelling opportunity to acquire a residential income property in a sought-after community where multi-family offerings are limited. Strong rental history. Investor prospectus available upon request. One vacant unit is available for scheduled showings. The occupied unit may be viewed following mutual acceptance. Adjacent duplex is also available, 2707 Lexington, MLS#2573516, creating the opportunity for a 4-unit investment package with strong income potential and exceptional long-term upside.

515 Roe Street, Steilacoom

Listing courtesy of Keller Williams West Sound.

$989,500
2581281 MLS ⋅ ACTIVE Status
Perfect for investors, or owner-occupied. Live in one and lease the others. This excellent property features with three fully updated two-bedroom units, each with 1.5 baths, washer & dryer, vinyl windows, one car garage, lots of drivway parking, fireplaces & laminate flooring. Unit A has new quartz counter tops in the kitchen, new kitchen cabinets and updated bathroom. You will love the outdoor space with nice patios and spacious fenced backyards. Conveniently located in the middle of Sumner surrounded by nice homes, in a cul-de-sac, close to all amenities, schools, & parks. All three units have great tenants and are always rented. Take advantage of this incredible investment opportunity in a highly desirable location.

5807 March Lane, Sumner

Listing courtesy of Bentley Properties.

$699,000
2580303 MLS ⋅ ACTIVE Status
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 ⋅ PENDING INSPECTION 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.

$849,000
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.

Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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