7374 S Alaska Street, Tacoma, WA 98408

Tacoma
Local realty services provided by:Better Homes and Gardens Real Estate Northwest Home Team
Listed by: michael haas
Office: compass
MLS#:2588374
Source:NWMLS
7374 S Alaska Street,Tacoma, WA 98408
$575,000
  • - Beds
  • - Baths
  • 2,960 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$575,000
  • Price per sq. ft.:$194.26

About this home

They said the "1% Rule" was impossible - but this Tacoma rental delivers! This income-producing property sits on a spacious corner lot with an oversized 720 SF detached garage for parking & storage, equipped with its own electrical service panel & meter. Flexible room-rental configuration with 8 furnished rooms, 3 bathrooms, 8 individual mini fridges, and a common area with kitchen & washer/dryer. Sold fully furnished, mostly occupied & systemized for immediate cashflow! Renovated for longevity with a new 30-year Pabco Premier roof, sheeting, gutters, exterior siding & paint in 2024, plus new hot & cold water lines in 2026 and a recently replaced water heater. A property with substantial updates, functional living spaces, parking & lots of potential. Conveniently located near Wapato Park, I-5, transit, shopping, fitness, dining & JBLM. Investments like this don't come often - ask the listing agent for ROI spreadsheets showing over $875 in monthly cashflow after conservative accounting...

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Home facts

  • Year built:1961
  • Subdivision & Development:South Tacoma
  • Listing ID #:2588374
  • Updated:October 21, 2026 at 12:21 AM

Rooms and interior

  • Living area:2,960 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1961
  • Building area:2,960 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Corner, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Fenced-Fully, Patio

Schools

  • High school:Mt Tahoma
  • Middle school:Baker
  • Elementary school:Birney

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$575,000
  • Price per sq. ft.:$194.26
  • Tax amount:$6,060 (2026)

Features and amenities

  • Amenities:Cable TV

Parking

  • Total parking spaces:7
  • Garage:Yes
  • Garage spaces:4
  • Carport spaces:4
MLS LogoListings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of October 21, 2026. 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. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 MLS GRID. All Rights Reserved.

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