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$700,000

  • For Sale
  • Active
  • Multi-Family

Listed by William Weflen | Berkshire Hathaway HS NW | (253) 946-4000

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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

  • Price: $700,000
  • Taxes: $6,603 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2438390
  • Updated: 12/5/2025
  • Added to Site: 109 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 Out, 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

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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 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
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
20.97%
MLS
8/23/2022
Sold
$620,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1122 Lafayette St S #1-4

Year
Property Taxes
Change
Tax Assessment
Change
2025
$6,603
5%
$567,900
3%
2024
$6,264
5%
$550,700
1%
2023
$5,987
6%
$545,800
18%
2022
$5,645
14%
$460,900
22%
2021
$4,950
16%
$377,000
25%
2020
$4,249
4%
$302,300
5%
2018
$4,082
—
$289,000
19%
2018
$4,082
8%
$242,500
13%
2017
$3,782
—
$214,600
1%
2016
$3,790
23%
$211,600
13%
2014
$3,084
—
$188,000
18%
2014
$3,084
—
$159,900
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost for 1122 Lafayette St S #1-4

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Listed by William Weflen | Berkshire Hathaway HS NW | (253) 946-4000

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1122 Lafayette St S #1-4, Tacoma, WA 98444 (MLS# 2438390) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 1122 Lafayette St S #1-4 is currently listed for $700,000 and was received on October 01, 2025. 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.

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