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253-691-8561
Terrafin Real Estate
1122 Lafayette St S Unit #1-4, Tacoma, WA 98444
- $690,000
- 2,546
- SqFt
Listing Broker: Berkshire Hathaway HS NW; William Weflen; ; Selling Office: HomeSmart Real Estate Assoc.
- Sold Price
- $690,000
- List Price
- $700,000
- Status
- SOLD
- Closing Date
- Feb 25, 2026
- MLS#
- 2438390
- Subtype
- Residential Income
- Style
- 54 - 4-Plex
- Year Built
- 1957
- Living Area
- 2,546
- Lot Size
- 7,000
- Acres
- 0.16
- Subdivision
- Parkland
- Neighborhood
- Parkland
- Building Name
- Mildred
- MLS Area Major
- Parkland
Property Description
Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 5.08% CAP RATE with upside potential!! Each unit is single-level, 1 bed/1 bath, with proven 0% vacancy rate. Recent improvements include a brand-new metal roof, refreshed exterior, and two updated units with luxury vinyl plank flooring and new paint. Added income from on-site coin-op laundry plus private storage for each unit. A hedge against inflation, this property produces steady monthly cash flow and offers tax advantages. With strong occupancy, rental demand, and income streams, it combines reliability with growth potential. Prime location near a new elementary school, PLU, JBLM, retail, dining, and quick access to WA-512 & I-5. Please do not disturb occupants.
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Additional Information
- Amenities
- Coin Op Laundry, Storage
- Exterior Features
- Stucco
- Property Description
- 54 - 4-Plex
- Flooring
- Laminate, Vinyl Plank, Carpet
- Heating
- Wall Furnace
- Air Conditioning
- Wall Unit(s)
- Roof
- Metal
- School District
- Franklin Pierce
- Elementary School
- James Sales Elem
- Middle School
- Perry G Keithley Mid
- High School
- Wash High
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.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.