602 S 108th Street
Tacoma, WA 98444
2390 sqft | 0.29 acres | #2339341
Description
Seize an exceptional investment opportunity with this fully occupied triplex, currently operating as transitional housing and generating an impressive $43,661 in annual NOI. Situated on a large corner lot, the property features three standalone units: a 3-bed/1-bath unit (1,150 SF), a 2-bed/1-bath unit (660 SF), and a 1-bed/1-bath unit (550 SF). The spacious lot provides generous outdoor space, ideal for tenant gatherings, recreational use, or potential future development with an appealing NMSF zoning. With stable occupancy and mission-aligned operations in place, this is a rare chance to acquire a high-performing, socially impactful asset offering reliable income and long-term potential.
Property Details
- Lot DescriptionCorner Lot, Dead End Street, Paved
- Exterior MaterialsMetal/Vinyl, Wood, Wood Products
- Exterior FeaturesFenced-Partially, RV Parking
- FoundationPoured Concrete
- Sewer InformationSewer Connected
- School DistrictFranklin Pierce
- Date ListedMarch 06, 2025
- Style53 - Tri-plex
- Property SubtypeMulti Family
- SubdivisionParkland
- Original List Price$700,000
- MLS #2339341
- MLS #2339341
- Structure TypeTriplex
- Utility SourcePublic
- CountyPierce
- Taxes Annual$4,936
- Cost700000
- Acres0.292
- Square Feet2390
- Year Built1950
- Property ConditionFair
- Days on Market (Cumulative)65
- Stories1
Location
Legal
The information contained in this listing has not been verified by Northwest Multiple Listing Service (NWMLS) - WA and should be verified by the buyer.
Based on information submitted to the MLS GRID as of 2025-05-05 23:28:10. 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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Last Updated: . Source: NWMLS
Listing Courtesy
Listing Agent: Lisa Le (#NWM107621)
Listing Office: COMPASS (#NWM5813)
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