$495,000

4 Beds 2 Baths 1,368 SQFT 0.23 Acres
Type: Multi-Family

1644 120th Street S
Tacoma, WA 98444

MLS#: 2544777
Presented by: John L. Scott Dupont and NWMLS

Property Description

 

Opportunity meets flexibility with this fully occupied duplex in the heart of Parkland! Whether you're an investor seeking strong cash flow or a first-time buyer looking to offset your mortgage by living in one unit and renting the other, this property offers exceptional potential. Each unit features 2 bedrooms and 1 bathroom, recently refreshed interiors, kitchen appliances included, and separate driveways for added convenience and privacy. Situated on a large corner lot, both units enjoy their own spacious, fully fenced backyard...an attractive feature for tenants and owner-occupants alike. Ideally located near Pacific Lutheran University, shopping, major freeways, and Joint Base Lewis-McChord, this property benefits from a highly desirable rental location. A newer roof installed within the last few years adds peace of mind, while the low-maintenance design and established rental history make ownership easy. With affordability, full occupancy, reliable income, and prime upside potential, this duplex is a smart addition to any investment portfolio and an excellent opportunity for buyers looking to build wealth through real estate.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringCeramic Tile, Vinyl, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories1

General

AmenitiesStorage
Building Area Units0 sqft
Cap Rate7
Carport Spaces0
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsFrom SR 512, exit S Steele St go south on S Steele St (turns into Spanaway Loop S). Turn L onto 120th St S to property on Right, on the corner of 120th and Alaska St.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard, Wall Furnace
High SchoolBuyer To Verify
High School DistrictFranklin Pierce
Insurance Expense617
Leasable Area1,368 sqft
Listing TermsCash, Conventional, FHA, VA Loan
Living Area0 sqft
Lot Size Square Feet10,000 sqft
Lot Size UnitsSquare Feet
MLS Area69 - Parkland
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income36249
New ConstructionNo
Number Of Units Total2
PossessionSee Remarks, Subject To Tenant Rights
Possible UseMulti-Family, Residential
Property Style52 - Duplex
Property SubtypeMulti Family
Property TypeResidential Income
Public RemarksOpportunity meets flexibility with this fully occupied duplex in the heart of Parkland! Whether you're an investor seeking strong cash flow or a first-time buyer looking to offset your mortgage by li
RoofComposition
Security FeaturesFully Fenced
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeDuplex
Subdivision NameParkland
Tax Annual Amount$4,510
Tax Year2026
Units Below Gradefalse
Units In Building Total2
Water CompanyParkland Light and Water
Water Sewer Garbage0
Year Built1956
Zoning DescriptionMulti-Family, Residential

Exterior

Building Area Total1,368 sqft
Covered Spaces0
Exterior AmenitiesBrick, Wood
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot FeaturesCorner Lot, Paved
Lot Size Acres0.2296
Parking Uncovered Total4
Site FeaturesFenced-Fully
Total Parking4
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Buyer To Verify High School
Elementary School Buyer To Verify Elementary School
Middle School Buyer To Verify Middle School

  

Similar Properties

$495,000

4 Beds 2 Baths 1,368 SQFT 0.23 Acres
Type: Multi-Family

1644 120th Street S
Tacoma, WA 98444

MLS#: 2544777