$500,000

5 Beds 2 Baths 1,384 SQFT 0.11 Acres
Type: Single Family

1743 Lafayette Street S
Parkland, WA 98444

MLS#: 2576601
Presented by: Keller Williams Rty Tacoma and NWMLS

Property Description

 

INVESTOR ALERT! TURNKEY, CASH-FLOWING CO-LIVING OPPORTUNITY! Unique opportunity to own a fully furnished, operational co-living property with five bedrooms currently rented individually. Designed with convenience and efficiency in mind, the property offers an established setup for an investor seeking an income-producing residential asset. Each bedroom has its own lock, with a security system in place. Residents share a functional kitchen and two bathrooms-one located upstairs and shared by three bedrooms, with a second bathroom downstairs shared by two bedrooms. Assigned parking provides additional convenience, while the garage is currently utilized for storage and laundry. The property is supported by management software that helps streamline resident communication, maintenance requests, and rent payments, allowing many day-to-day tasks to be managed remotely from a phone. Furniture and appliances convey with the sale, providing a turnkey opportunity for the next owner. Whether you're looking to expand a rental portfolio or acquire an established co-living operation, this property offers a unique combination of furnishings, systems, and an income-producing setup.


 

Interior Features

Bedrooms

Bedrooms Lower0
Bedrooms Upper3
Main Level Bedrooms0
Total Bedrooms5

Bathrooms

3/4 Baths2
Bathrooms1.5
Baths Full Garage0
Baths Full Lower0
Baths Full Main0
Baths Full Upper0
Baths Half Garage0
Baths Half Lower0
Baths Half Main0
Baths Half Upper0
Baths Three Quarter Garage1
Baths Three Quarter Lower0
Baths Three Quarter Main0
Baths Three Quarter Upper1
Half Baths0
Total Baths2

Other Interior Features

Air Conditioning Y/NYes
BasementNone
Fireplace Y/NNo
FlooringLaminate, Vinyl, Carpet
Heating Y/NYes
Interior AmenitiesBath Off Primary, Dbl Pane/Storm Window, Security System, Skylight(s)
Power Production TypeElectric
Total Fireplaces0

General

AppliancesDishwasher, Dryer, Microwave, Refrigerator, Washer
Attached Garage Yes
Building Area Units0 sqft
Carport Y/NNo
CityParkland
CoolingWall Unit(s)
CountyPierce
DirectionsFrom Pacific Avenue go west on a 112th Street. Make left on Alaska Street. Make right on Lafayette Street South. Home will be on your right.
Entry LocationSplit
Full Baths0
Garage Y/NYes
HOANo
HOA Fee$0
HeatingBaseboard
High School DistrictFranklin Pierce
Land Lease Y/NNo
LevelsMulti/Split
Listing TermsCash, Conventional, FHA, VA Loan
Living Area1,384 sqft
Lot Size Square Feet5,000 sqft
Lot Size UnitsSquare Feet
MLS Area63 - Parkland
NWM_ShowMapLinkY
New ConstructionNo
PossessionClosing, See Remarks, Subject To Tenant Rights
Property Style14 - Split Entry
Property SubtypeSingle Family Residence
Property TypeResidential
Public RemarksINVESTOR ALERT! TURNKEY, CASH-FLOWING CO-LIVING OPPORTUNITY! Unique opportunity to own a fully furnished, operational co-living property with five bedrooms currently rented individually. Designed with
RoofComposition
Security FeaturesPartially Fenced, Security System
Senior Community Y/NNo
SewerAvailable, Septic Tank
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeHouse
Subdivision NameParkland
Tax Annual Amount$4,727
Tax Year2026
TopographyPartial Slope
ViewTerritorial
Year Built1984

Exterior

Building Area Total1,384 sqft
Covered Spaces1
Exterior AmenitiesWood Products
Foundation DetailsPoured Concrete
InclusionsDishwasher(s), Dryer(s), Microwave(s), Refrigerator(s), Washer(s)
Irrigation Water Rights Y/NNo
Lot FeaturesDead End Street
Lot Size Acres0.1148
Parking FeaturesAttached Garage
Site FeaturesDeck, Fenced-Partially, High Speed Internet
Total Parking1
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School N/A
Elementary School N/A
Middle School N/A

  

Similar Properties

$500,000

5 Beds 2 Baths 1,384 SQFT 0.11 Acres
Type: Single Family

1743 Lafayette Street S
Parkland, WA 98444

MLS#: 2576601