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$650,000

  • Sold
  • Closed
  • Multi-Family

Listed and Sold by Lisa Le | Compass | (425) 242-6440 and Marius ion | Compass | (425) 242-6440

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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.

Full Property Details for 602 S 108th St

General

  • Sold For: $650,000
  • Taxes: $4,936 (2024)
  • Status: Closed
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2339341
  • Added to Site: 318 day(s) ago

Interior

  • Flooring: Vinyl, Carpet

Additional Information

  • Amenities: Fenced-Partially, RV Parking
  • Security/Safety: Partially Fenced

Parking

  • Uncovered Spaces: 4
  • Parking Features: RV Parking

Location

  • Area: 63 - Parkland
  • County: Pierce
  • Subdivision: Parkland
  • Building Name: National City
  • Driving Directions: From from WA-512 E, turn left onto WA-7 N and left onto 108th St - property will be on the left

School Information

  • High School District: Franklin Pierce

Heating & Cooling

  • Air Conditioning: Yes
  • Cooling Type: Forced Air
  • Heating Type: Forced Air

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Triplex
  • Exterior Const.: Metal/Vinyl, Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 1
  • Square Feet: 2,390
  • Year Built: 1950
  • Property Condition: Fair

Unit Information

  • Units in Building: 3

Lot Features

  • Lot Size (Acres): 0.292
  • Lot Size (Sq. Ft.): 12,720
  • Lot Size Source: Public Records
  • Lot Features: Corner Lot, Dead End Street, Paved
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $4,936
  • Tax Year: 2024
  • Terms: Cash Out, Conventional, Rehab Loan

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 6260001030
  • Block: 9
  • Lot Number: 22-26

Listed and Sold by Lisa Le | Compass | (425) 242-6440 and Marius ion | Compass | (425) 242-6440

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 602 S 108th St

School District:Franklin Pierce School District
NameGradesDistance
James Sales Elementary School
1301 113th Street South, Tacoma, WA 98444
K-50.6 mi
Perry G Keithley Middle School
12324 12th Avenue South, Tacoma, WA 98444
6-81.1 mi
Washington High School
12420 Ainsworth Avenue South, Tacoma, WA 98444
9-121.3 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 602 S 108th St

Date
Details
Price
Change
Source
8/25/2025
Sold
$650,000
-7.14%
MLS
3/06/2025
Listed
$700,000
—
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 and Sold by Lisa Le | Compass | (425) 242-6440 and Marius ion | Compass | (425) 242-6440

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602 S 108th Street, Tacoma, WA 98444 (MLS# 2339341) is a Multi-Family property that was sold at $650,000 on August 25, 2025. Want to learn more about 602 S 108th Street? 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.