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$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.

$528,900
2500041 MLS ⋅ ACTIVE Status
Tacoma Duplex!!! This hard to find duplex offers a ton of opportunities for all buyers!!! Great for generational living, having 2 seperate units! First time buyers, live in one and rent the other for extra monthly income!! Investors duplex has very low vacancy rate and has room to raise the rent, detached garage could be converted into ADU/DADU. Both units have been updated in the last 3 years including flooring, paint in/out, appliances, gutters, roofing, baths, cabinets, and much more!!!! Individually fenced yards are great for pets! This duplex sits on a large corner lot having plenty of parking on site or off street. Located close to shopping and commuting making this duplex that much more enjoyable for owners and tenants!!! DON'T MISS THIS ONE!!!!

3303 S 64th Street, Tacoma

Listing courtesy of John L. Scott R.E. Lake Tapps.

$650,000
2496801 MLS ⋅ ACTIVE Status
Well maintained triplex in the heart of the Lincoln district. Rents are slightly lower than market rate, but building has 100% occupancy. All three units metered separately. Location is great for commuters and/or JBLM.

3827 S K Street, Tacoma

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

$725,000
2496839 MLS ⋅ ACTIVE Status
This beautifully updated fourplex is ready for its new owner! Building has been 100% occupied. Location is great for commuters and/or JBLM. Tenants have been long term. Each unit is 2 bedroom 1 bath. Off street parking.

3321 S Asotin Street, Tacoma

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

$500,000
2496836 MLS ⋅ ACTIVE Status
Two units in one! Main house is 4 bedrooms/ 2 baths at 1816 square feet. Second building behind house is 3 bedroom/1 bath at 1100 square feet. Both buildings currently are rented, but would be a great property to live in one and rent the second one! Well maintained and recently updated. Location is great for the commuter and/or JBLM. Buildings have had 100% occupancy.

3812 S Thompson Avenue, Tacoma

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

$400,000
2496835 MLS ⋅ PENDING INSPECTION Status
Lovely duplex in the heart of the Lincoln district. Each unit has its own garage with w/d. Units metered separately. Units were recently updated. Building has had 100% occupancy. Location is great for a commuter and/or JBLM. Walkable to shopping and restaurants. One level living. Both units are 2 bedrooms 1 bath. Currently has long term tenants.

1561 S 35th Street, Tacoma

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

$700,000
2498485 MLS ⋅ ACTIVE Status
Great Opportunity with this Performing Duplex Plus Detached Single-Level Home! Perfect for house hacking, multi-generational living, or a wonderful addition to your investment portfolio. Each unit offers 2 bedrooms, 1 bath & functional single-level living, with its own private garage. The detached home is 1,240 SF & each side of the duplex is 948 SF. Situated on a large lot, nearly an acre in size, with potential for future development or expansion (buyer to verify). Well water & septic systems help keep operating expenses low, enhancing your overall returns. Offered at nearly a 6% cap rate with room for rent growth, this property offers both immediate income & long-term appreciation potential in a desirable location for stable tenancy. Opportunities like this don't come often!

9210 9212 204th Street E, Graham

Listing courtesy of Keller Williams Rty Tacoma.

$1,650,000
2497467 MLS ⋅ ACTIVE Status
Location, Location! Investors, Turnkey opportunity to purchase this great income-producing 8-Unit multi-family property; 4,584SF U-Shape Courtyard building, 19,200SF Parcel with 2 two-bedroom Apartments & 6 one-bedroom Apartments, Zone C1, located in the heart of Lakewood, Across from St. Clare Hospital. Well maintained, 1-story Brick Building, private courtyard, large playground area with fully fence with security gates, All the units are updated with tile, laminate, hardwood floor, gated-garbage enclosure. Current rents are below market. With highly Rent demand, it has plenty of room to increase income, plus coin-operated laundry machines. This Multi-Fam Building is on Lakewood Commercial Core, surrounded by businesses, shopping centers, residential developments; minutes to I5, JBLM, Military Bases, Towne Center.

4902 111th Street SW, Lakewood

Listing courtesy of HDN Real Estate.

$950,000
2497615 MLS ⋅ ACTIVE Status
Outrageous cash-flow opportunity in a prime Hilltop location near the light rail and hospitals! This fully furnished 4-plex offers 2,360 square feet of living space, delivering exceptional income potential. The property features two 2-bedroom units and two 1-bedroom units, all recently updated for modern appeal. The 1-bedroom units each feature en-suite layouts, and one unit even enjoys a rare peekaboo view of Mount Rainier. Major capital improvements have already been completed in the last few years, including roof, sewer, partial plumbing and electrical, and heaters. Additional features include shared washer/dryer, ample basement storage, and strong upside potential. With below-market rents, there is clear room for increased income. The flexible setup creates endless possibilities: continue as furnished rentals, explore short-term rental potential where permitted, and/or owner-occupy while generating strong rental income. Conveniently located with easy access to downtown, major commute routes, and light rail. Add this high-performing income property to your portfolio today.

901 S Grant Avenue, Tacoma

Listing courtesy of Keller Williams Rlty Bellevue.

$779,000
2494752 MLS ⋅ ACTIVE Status
Charming Titlow duplex with detached 3-car garage just blocks to the beauty of Titlow Beach and park. Each 1 bed / 1 bath unit has been refreshed with new interior paint, durable LVP flooring and thoughtful updates to create move-in ready living spaces. New exterior paint for fresh curb appeal and each unit offers its own sewer line and separate gas, and electric meters for efficiency. Great opportunity for income and flexibility- live in one unit while renting the other or lease both for steady returns, with added potential to generate extra income by renting out the spacious 3 car garage for storage or parking. Don’t miss your chance to own this versatile and well-located property!

1536 -1538 S Walters Road, Tacoma

Listing courtesy of Keller Williams Rty Tacoma.

$1,149,950
2489726 MLS ⋅ PENDING Status
New Construction 4-Plex Investment Opportunity: Discover the pinnacle of low-maintenance, high-yield real estate with this newly constructed 4-plex, intelligently built as two separate duplexes, and offering the significant advantage of a 12-year property tax abatement with land-value only taxes (2026 is $1782/yr). Proven Design & Rentability: Every inch of this property is engineered for cost-efficiency and tenant retention. Each unit features high-end, durable finishes typically reserved for luxury custom homes: Modern Interiors: Commercial-grade vinyl plank flooring, stylish quartz countertops, stainless steel appliances, and a premium trim/door package. Efficiency First: Extra insulation, energy-efficient Plygem windows, and ductless mini-split heating and AC systems. Tenant Perks: In-unit full-size washers/dryers and systems specifically tested for streamlined, easy turnovers. Unit Highlights:2-Bed/2.5-Bath (1125 SF) Units: Spacious open floor plans with an ensuite bathroom for every bedroom, plus stunning City and Downtown views!1-Bed Units (544-556 SF): Designed for maximum affordability, independence, and high demand, featuring full-size kitchens and baths. With a strong $7,650/month income stream and long-term property tax incentives, this property is designed to perform. Don’t miss your chance to secure a turnkey asset in a exceptionally prime location in Downtown Tacoma near restaurants, breweries, businesses, the Link, UW Tacoma, the Tacoma Convention Center, etc.

1129 Fawcett Avenue Unit #A-D, Tacoma

Listing courtesy of Windermere Prof Partners.

$449,950
2492238 MLS ⋅ ACTIVE Status
HOUSE HACKERS - this property is a great way to offset your mortgage living on one side and continue renting the other! INVESTORS - this a great turn key rental to add to your portfolio that even has potential to push rent higher! Unit 1 is a 1 bed 1 bath and Unit 2 is a 2 bed 0.75 bath. The property has been updated with LVP flooring, paint, and appliances! Conveniently located near the Tacoma Link Light Rail, UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Potential condoization for even more opportunity? Buyer to verify!

1123 S M Street, Tacoma

Listing courtesy of Theory Real Estate.

$750,000
2492608 MLS ⋅ ACTIVE Status
$6,250 per month in occupied rents! Huge 140 x 120 building ready lot with septic already installed! Views of Mt Rainier & the Cascades. Excellent neighborhood with close access to freeways & the Puyallup S.D. Discover this incredible investment opportunity featuring multiple income producing units. This property delivers strong cash flow & is near everything you need! This is a rare opportunity combined with a great location. Main home is 2-bedroom, 1-bath, currently rented at $1,750/month. The 1,800 sq ft heated garage with 600 sq ft of office or additional storage space is currently rented for $2,750/month and offers 2 oversized 14' tall x 12' wide doors, a half bath, fully insulated, ready for engine hoists & equipped with 320 amp power. A fully remodeled 1-bedroom, 1-bath non-conforming ADU, attached to the rear of the large shop, also generates $1,750/month.

7415 100th Street E, Puyallup

Listing courtesy of Terrafin.

$425,000
2490652 MLS ⋅ ACTIVE Status
Investment alert! Great opportunity to add to your investment portfolio. This duplex is tenant occupied with two spacious 2 bed 1 bath units. Resting on a larger lot, this property is centrally located to schools, shopping, and freeway access, all minutes away.

6604 S Madison Street, Tacoma

Listing courtesy of John L. Scott, Inc..

$799,997
2487537 MLS ⋅ PENDING Status
Opportunity to acquire a 5-plex in Tacoma’s Midland neighborhood, offering strong income and straightforward operations. The property consists of five 2-bedroom, 1-bath units, each approximately 700 square feet, providing a consistent unit mix with steady rental demand for multi-bedroom housing. The asset currently generates $56,469 in annual Net Operating Income, reflecting a 7.06% cap rate, presenting investors with immediate cash flow from day one. With the same layout across all units, the property allows for simplified management and leasing. Located in Tacoma’s Midland area, the property benefits from proximity to major commuter routes, shopping centers, and everyday amenities, making it a convenient location for tenants. The consistent unit configuration and manageable property size make this an appealing option for investors seeking a stable small multifamily asset in an established rental market. This offering presents a solid opportunity for buyers looking to add a cash-flowing multifamily property with long-term income potential in the Tacoma area.

10415 10423 Golden Given Road E, Tacoma

Listing courtesy of COMPASS.

$1,875,000
2486221 MLS ⋅ ACTIVE Status
GREAT INVESTMENT, FULLY RENOVATED 6-UNITS with steady rental income. Located just 7 blocks from the beautiful Saltar's Point Beach & Park to enjoy beachfront picnics, fresh salt air & more. Also close to Fort Steilacoom Park & just a 10 minute drive to Chambers Bay Golf. This Prime location is also close to Lakewood, University Place & McChord Air Force Base, in a quiet and quaint neighborhood within the Historic little town of Steilacoom. Duplex-style architecture, yet the property was developed as Condo Units in 2008 and has always been owned by a single investor versus 3 or 6 investors ... Current owner considering breaking into 3 Duplex Units if not sold to one investor who wants to own and manage the whole property with all 6-units, so don’t delay if you want to own all 6 in this great location! Updated roofs, windows, stainless appliances including W/D & microwaves in each unit, vinyl plank flooring, mini-split heat & A/C, + each unit has a deck w/ storage unit. 6 tax parcels for PSA. PLEASE Do Not Disturb Tenants! Access to interiors upon mutual acceptance on an acceptable PSA. 3-D Tour uploaded + Tour Video. Fidelity T&E.

814 5th St, Steilacoom

Listing courtesy of Coldwell Banker Danforth.

$675,000
2476769 MLS ⋅ ACTIVE Status
SELLER Says SELL!! 2 bed with 2 bath and office per side!! Turn key Updated duplex featuring a new kitchen with quartz countertops and vinyl plank flooring on the main level. The main floor includes a dedicated Office, ¾ bath, and laundry. Upstairs offers 2 bedrooms with a shared full bath. Each unit has a private backyard with patio and a one-car garage. HOA covers water, sewer and landscaping for easy, low-maintenance living. Roof installed in 2018. Well maintained street of duplex's!!

9819 148th Street Ct E, Puyallup

Listing courtesy of Redfin.

$1,499,999
2468619 MLS ⋅ ACTIVE Status
Value-add mixed-use multifamily opportunity along the Pacific Avenue corridor, suited for an investor focused on lease-up, income stabilization, and operational improvement. The property includes 10 residential units with street frontage featuring a minimart and convenience store component. The residential units offer upside through leasing activity, while the commercial frontage provides additional income potential along a high-traffic corridor. The property provides ample on-site parking and is conveniently located near major arterials and daily services. Well suited for an investor seeking steady income with incremental upside and long-term mixed-use flexibility.

9618 Pacific Avenue, Tacoma

Listing courtesy of Engel & Voelkers Seattle DT.

$2,999,999
2468356 MLS ⋅ ACTIVE Status
Value-add multifamily opportunity on a 0.809-acre parcel along the Pacific Avenue corridor, well suited for an investor focused on renovation completion, lease-up, and long-term income growth. The property consists of three buildings totaling 21 units. The front buildings include 12 one-bedroom units, seven of which have been recently remodeled, with additional units in various stages of renovation. All three buildings have been repainted recently. New roofs have also been installed on the two single-story buildings on the property. The third building is a three-story structure built in 1989 with nine spacious two-bedroom units. The property offers on-site laundry and ample parking and is conveniently located near retail, dining, transit, and daily services.

7603 Pacific Avenue, Tacoma

Listing courtesy of Engel & Voelkers Seattle DT.

$21,500,000
2468328 MLS ⋅ ACTIVE Status
Joint Venture Development Opportunity. Mount Bay Apartments is a permit-ready, fully bid, and shovel-ready 307-unit workforce housing development in the heart of Tacoma’s Transportation District. One block from Tacoma Link Light Rail, Sounder, Amtrak, and Greyhound, the project delivers unmatched regional connectivity to downtown Tacoma, Seattle, and Portland—driving strong demand, high occupancy, and long-term value. Designed for working professionals and essential workforce residents, the community features two landscaped courtyards, convenience retail, below-grade parking, a welcoming lobby, fitness center, shared workspace, and a seventh-floor indoor/outdoor sky lounge. The project is fully aligned with Tacoma’s urban revitalization vision while addressing a critical housing need. Mount Bay Apartments offers a compelling, defensive multifamily investment with predictable cash flow, downside protection, and meaningful upside. Workforce housing has consistently outperformed luxury assets across market cycles, delivering stable occupancy even in economic downturns. An eight-year property tax abatement enhances early-year cash flow and improves overall returns, while long-term appreciation is supported by sustained infrastructure investment and neighborhood transformation. This is an exceptional opportunity to partner in a transit-oriented, tax-advantaged asset positioned to generate reliable income and lasting value in one of Tacoma’s fastest-growing urban corridors.

301 E 26th, Tacoma

Listing courtesy of Crestview Realty Advisors.

$1,330,000
2467083 MLS ⋅ PENDING INSPECTION Status
Investor Alert! Rare opportunity to acquire two one-story triplexes totaling 6 units in a highly convenient Tacoma location. These income-producing, hard-to-find assets feature three 2-bedroom / 1.5-bath units per building, each with washer/dryer hookups.Recent improvements include new roof and gutters, fresh exterior paint, and interior updates throughout. Each unit is equipped with carport parking and dedicated storage. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. Buildings may be sold separately, offering flexibility for owner-occupants to live in one unit and rent the others, or for investors seeking stable cash flow.

6905 6909 S Madison, Tacoma

Listing courtesy of Lee & Associates Commercial RE.

$665,000
2467079 MLS ⋅ PENDING INSPECTION Status
Rare one-story triplex in a highly convenient Tacoma location. This income-producing, hard-to-find asset features three 2-bed/ 1.5-bath units, each equipped with washer/dryer hookups. Recent improvements include a new roof and gutters, along with interior updates throughout. The property offers carport parking with dedicated storage for each unit and includes a move-in-ready unit, providing excellent flexibility for owner-occupants or investors. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. An identical adjacent triplex at 6909 Madison is also available, presenting a rare opportunity to acquire one or both properties.

6909 S Madison, Tacoma

Listing courtesy of Lee & Associates Commercial RE.

$1,300,000
2467071 MLS ⋅ ACTIVE Status
Are you looking for your next multi family investment? Maybe 1031 exchange? Look no further! This 10 unit apartment complex in Hilltop is an incredible opportunity and perfect for your portfolio! Very conforming 2 story complex with 5 units down, 5 units up, a laundry room, and storage room! Each unit is a 1 bed 1 bath and all separately metered! Various updates have been done throughout the interiors and exterior of the property! This is a prime location conveniently located on the Tacoma Link Light Rail, nearby UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Fully gated property for security and a dog run out back! This has everything you need for your next investment! Hurry before it's gone!

1405 Martin Luther King Jr Way, Tacoma

Listing courtesy of Theory Real Estate.

$665,000
2467036 MLS ⋅ PENDING INSPECTION Status
Rare one-story triplex in a highly convenient Tacoma location. This income-producing, hard-to-find asset features three 2-bed/ 1.5-bath units, each equipped with washer/dryer hookups. Recent improvements include a new roof and gutters, along with interior updates throughout. The property offers carport parking with dedicated storage for each unit and includes a move-in-ready unit, providing excellent flexibility for owner-occupants or investors. Ideally located minutes to I-5 and SR-512, transit, schools, golf course, and Tacoma Mall. An identical adjacent triplex at 6909 Madison is also available, presenting a rare opportunity to acquire one or both properties.

6905 S Madison, Tacoma

Listing courtesy of Lee & Associates Commercial RE.

$439,750
2466714 MLS ⋅ ACTIVE Status
Sewer connection is currently in progress and anticipated to be completed prior to closing. Solid, turn-key duplex offering exceptional flexibility and long-term upside. Ideal for both experienced investors and owner-occupants, this charming "dollhouse" duplex has been thoughtfully maintained and features a strong occupancy history, excellent visibility, and consistent rental demand. Both units are currently occupied and generating $2,795 per month in rental income (Unit A: $1,295/month; Unit B: $1,500/month), providing immediate cash flow and an attractive 5.5% cap rate. Please do not disturb tenants; drive-by only. Well-positioned for immediate income while offering future redevelopment potential. Commercial zoning creates compelling upside for investors seeking long-term appreciation and mixed-use opportunities. Buyer to verify all zoning, development potential, permitting requirements, sewer completion status, cap rate calculations, and intended uses to their satisfaction.

10908 10910 Valley Avenue E, Puyallup

Listing courtesy of Keller Williams Downtown Sea.

$1,250,000
2447851 MLS ⋅ ACTIVE Status
Well-positioned investment property located in the desirable Browns Point area of Northeast Tacoma. With Units B & C rented and stabilized, Unit A has recently been vacated and prepped for new tenants. This triplex features generously proportioned units at ~1450 sq.ft. each and has delivered consistent cash flow at a 5.8% capitalization rate. Comprehensive recent improvements include luxury vinyl plank flooring, updated interior and exterior paint, stainless steel appliance packages, in-unit washer and dryer hookups, quartz countertops, and tile finishes. All three units offer ground-level entry, individual fenced outdoor spaces, and allocated parking with two designated spaces per unit. The property comprises two 4-bedroom, 2-bathroom units and one 5-bedroom, 2-bathroom unit, offering diverse rental market appeal. This is a well-maintained asset offering immediate cash flow alongside strong appreciation prospects in a premier Tacoma residential location.

6215 29th Street NE, Tacoma

Listing courtesy of Upside Properties.

$925,000
2446398 MLS ⋅ PENDING FEASIBILITY Status
$8,840 MONTHLY RENTS | PRICE REDUCED to a 6.78% Cap Rate | 3841 S Park Ave is a well-maintained, single-story 6-unit apartment building. Originally built in 1950 and fully renovated in 2020, the property features a low-maintenance brick façade, double-paned vinyl windows, metal entry doors, and a composition shingle roof replaced in 2020. The unit mix includes two two-bedroom/one-bath apartments and four one-bedroom/one-bath apartments, averaging 750 square feet and 550 square feet, respectively. All six units have been comprehensively renovated within the last five years with luxury vinyl plank flooring, white shaker cabinetry, new appliances, granite countertops, and LED lighting fixtures.

3841 S Park Avenue, Tacoma

Listing courtesy of Blake Investment Advisors.

$349,000
2441600 MLS ⋅ PENDING SHORT SALE Status
**HUGE Price Reduction!!**Turnkey duplex featuring two 1 bed / 1 bath units — both well-maintained and fully rented. Each side offers quality paint, flooring, windows, roof, and appliances. Tenants enjoy ample parking and convenient access to Lakewood Town Center, Clover Park College, and JBLM. Prime location with strong rental demand and easy access to I-5 and Hwy 512. A solid, low-maintenance addition to any rental portfolio.

6715 Steilacoom Boulevard SW, Lakewood

Listing courtesy of eXp Realty.

$1,750,000
2409301 MLS ⋅ ACTIVE Status
Price Improvement 100k! The Alana Apartments present a rare opportunity to acquire a fully renovated 9-unit multifamily property in Tacoma. This turnkey asset features modern interiors with vinyl plank flooring, quartz countertops, new cabinetry, and upgraded fixtures, including brand-new water heaters. Exterior upgrades include fresh paint, updated railings and decking, brand-new exterior doors, a new main electrical panel, and ample off-street parking. The property offers on-site laundry and dedicated storage for each unit. With all major updates complete, the Alana Apartments deliver low-maintenance operations and strong market performance—ideal for investors seeking a stabilized asset for long-term efficiency and reliable income.

301 S 82nd Street, Tacoma

Listing courtesy of Windermere R E Mount Baker.

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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