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$690,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 7 days ago

Listed by William Weflen | Berkshire Hathaway HS NW | (253) 946-4000
Sold by Kym Knudson | HomeSmart Real Estate Assoc

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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.

Full Property Details for 1122 Lafayette St S #1-4

General

  • Sold For: $690,000
  • Taxes: $6,603 (2025)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2438390
  • Added to Site: 155 day(s) ago

Interior

  • Flooring: Laminate, Vinyl Plank, Carpet

Additional Information

  • Amenities: Cable TV, Fenced-Partially, Patio
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 10

Location

  • Area: 63 - Parkland
  • County: Pierce
  • Subdivision: Parkland
  • Building Name: Mildred
  • Driving Directions: I-5 Exit 127 to WA-512 E, take Steele St exit, left on Steele, left on 112th St S, right on 12th Ave S, property on east side.

School Information

  • High School District: Franklin Pierce
  • Elementary School: James Sales Elem
  • Middle School: Perry G Keithley Mid
  • High School: Wash High

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Wall Unit(s)
  • Heating Type: Wall Unit(s)

Utilities

  • Sewer: Available
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Stucco
  • Foundation: Poured Concrete
  • Roof: Metal
  • Stories in Building: 1
  • Square Feet: 2,546
  • Year Built: 1957
  • Property Condition: Good

Lot Features

  • Lot Size (Acres): 0.1607
  • Lot Size (Sq. Ft.): 7,000
  • Lot Size Source: Public Records
  • Lot Features: Corner Lot, Paved

Financial Considerations

  • Tax Amount: $6,603
  • Tax Year: 2025
  • Terms: Assumable, Cash, Conventional, FHA, VA Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 5845000191
  • Lot Number: 1

Listed by William Weflen | Berkshire Hathaway HS NW | (253) 946-4000
Sold by Kym Knudson | HomeSmart Real Estate Assoc

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1122 Lafayette St S #1-4

School District:Franklin Pierce School District
NameGradesDistance
James Sales Elementary School
1301 113th Street South, Tacoma, WA 98444
K-50.1 mi
Perry G Keithley Middle School
12324 12th Avenue South, Tacoma, WA 98444
6-80.7 mi
Washington High School
12420 Ainsworth Avenue South, Tacoma, WA 98444
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1122 Lafayette St S #1-4

Date
Details
Price
Change
Source
2/25/2026
Sold
$690,000
-1.43%
MLS
12/05/2025
Price Reduced
$700,000
-2.78%
MLS
11/09/2025
Price Reduced
$720,000
-1.37%
MLS
10/20/2025
Price Reduced
$730,000
-2.67%
MLS
10/01/2025
Listed
$750,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by William Weflen | Berkshire Hathaway HS NW | (253) 946-4000
Sold by Kym Knudson | HomeSmart Real Estate Assoc

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1122 Lafayette St S #1-4, Tacoma, WA 98444 (MLS# 2438390) is a Multi-Family property that was sold at $690,000 on February 25, 2026. Want to learn more about 1122 Lafayette St S #1-4? Do you have questions about finding other Multi-Family real estate for sale in Tacoma? You can browse all Tacoma real estate or contact a Coldwell Banker agent to request more information.