1122 Lafayette St S #1-4, Tacoma, WA 98444

Local realty services provided by:Better Homes and Gardens Real Estate McKenzie Realty
Listed by: william weflen
Office: berkshire hathaway hs nw
MLS#:2438390
Source:NWMLS
1122 Lafayette St S #1-4,Tacoma, WA 98444
$690,000
  • - Beds
  • - Baths
  • - sq. ft.
  • Multi-family
  • Sold

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Price summary

  • Price:$690,000

About this home

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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Home facts

  • Year built:1957
  • Listing ID #:2438390
  • Updated:February 26, 2026 at 01:05 AM

Heating and cooling

  • Heating:Wall Unit(s)

Structure and exterior

  • Roof:Metal
  • Year built:1957

Schools

  • High school:Wash High
  • Middle school:Perry G Keithley Mid
  • Elementary school:James Sales Elem

Utilities

  • Water:Public
  • Sewer:Available

Finances and disclosures

  • Price:$690,000
  • Tax amount:$6,603 (2025)
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