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.
Pending
Listed by:
Lisa Le,
COMPASS,
Marius ion,
COMPASS
$700,000
602 S 108th Street, Tacoma, WA 98444
--beds
--baths
2,390sqft
Est.:
Triplex
Built in 1950
-- sqft lot
$672,800 Zestimate®
$293/sqft
$-- HOA
What's special
Generous outdoor spaceCorner lotSpacious lot
- 169 days
- on Zillow |
- 36 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: August 04, 2025 at 03:44pm
Listed by:
Lisa Le,
COMPASS,
Marius ion,
COMPASS
Source: NWMLS,MLS#: 2339341

Travel times
Facts & features
Interior
Heating
- Forced Air, Electric
Cooling
- Forced Air
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 2,390
- Total interior livable area: 2,390 sqft
Property
Parking
- Total spaces: 4
- Parking features: RV Parking
- Uncovered spaces: 4
Lot
- Size: 0.29 Acres
- Features: Corner Lot, Dead End Street, Paved, Fenced-Partially, RV Parking
Details
- Parcel number: 6260001030
- Zoning description: Multi-Family,Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Metal/Vinyl, Wood Siding, Wood Products
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Fair
- Year built: 1950
- Major remodel year: 1950
Utilities & green energy
- Sewer: Sewer Connected
- Water: Public
Community & HOA
Community
- Subdivision: Parkland
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $293/sqft
- Tax assessed value: $464,200
- Annual tax amount: $4,936
- Date on market: 4/14/2025
- Listing terms: Cash Out,Conventional,Rehab Loan
- Cumulative days on market: 131 days
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