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Pending
  • Listed by: 

    Lisa Le,

    COMPASS,

    Marius ion,

    COMPASS

    $700,000

    602 S 108th Street, Tacoma, WA 98444

    --beds
    --baths
    2,390sqft
    : 
    Triplex
    Built in 1950
    -- sqft lot
    $672,800 Zestimate®
    $293/sqft
    $-- HOA

    What's special

    Generous outdoor spaceCorner lotSpacious lot
    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.
    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#: 2339341MLS Logo
    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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