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Listed by:Triwood Realty • David Joiner
$ 629,000
Est. payment | /mo
4 Beds
2 Baths
1,176 SqFt
$ 629,000
Est. payment | /mo
4 Beds
2 Baths
1,176 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,176 sqft
Price per Sqft $534
Subdivision Larchmont
MLS Listing ID 2512903
Style 52 - Duplex
Bedrooms 4
Year Built 1972
Annual Tax Amount $4,791
Lot Size 0.344 Acres
Property Sub-Type Multi Family
Property Description
Positioned in a desirable South Tacoma location within unincorporated Pierce County, this tastefully updated duplex offers a rare blend of immediate cash flow and long-term development upside. Each unit generates approximately $1,700/month in reliable rental income, making this an attractive turnkey investment with strong in-place returns. The property has been thoughtfully upgraded with modern, higher-end finishes that appeal to quality tenants, helping ensure consistent occupancy and rental stability. What truly sets this property apart is its Urban Corridor (UC) zoning designation, opening the door to a wide range of future development possibilities. UC zoning is intended to support higher-density residential and mixed-use projects, allowing for potential redevelopment into multi-family housing, townhomes, or even a mixed-use building with commercial space on the ground level and residential units above (buyer to verify with Pierce County). This creates a compelling opportunity for investors and developers alike to capitalize on the area's continued growth and demand for housing. Whether you choose to hold and enjoy steady income, or plan for a future redevelopment project, this property offers flexibility, strong fundamentals, and upside potential in a growing corridor. Opportunities like this—combining current performance with forward-looking potential—are increasingly hard to find.
Location
State WA
County Pierce
Area 64 - Parkland/Midland
Interior
Fireplace false
Exterior
Exterior Feature Wood, Wood Products
Garage Spaces 2.0
View Y/N No
Roof Type Composition
Building
Lot Description Paved, Secluded, Value In Land
Sewer Sewer Connected
New Construction No
Schools
School District Franklin Pierce
Others
Senior Community No
Acceptable Financing Cash, Conventional, FHA, VA Loan
Listing Terms Cash, Conventional, FHA, VA Loan
"Three Trees" icon indicates a listing provided courtesy of NWMLS.
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