1122 Lafayette St S St #1-4, Tacoma, WA 98444 (MLS # 2438390)
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Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 4.95% CAP RATE with upside potential!! Each unit is single-level, 1 bed/1 bath, with proven 0% vacancy rate. Recent improvements include a brand-new metal roof, refreshed exterior, and two updated units with luxury vinyl plank flooring and new paint. Added income from on-site coin-op laundry plus private storage for each unit. A hedge against inflation, this property produces steady monthly cash flow and offers tax advantages. With strong occupancy, rental demand, and income streams, it combines reliability with growth potential. Prime location near a new elementary school, PLU, JBLM, retail, dining, and quick access to WA-512 & I-5. Please do not disturb occupants.
| LAST UPDATED | 10/1/2025 | TRACT | Parkland |
|---|---|---|---|
| YEAR BUILT | 1957 | COMMUNITY | Parkland |
| COUNTY | Pierce | STATUS | Active |
| PROPERTY TYPE(S) | Multi Family |
| Elementary School | James Sales Elem |
|---|---|
| Jr. High School | Perry G Keithley Mid |
| High School | Wash High |
| ADDITIONAL DETAILS | |
| AIR | Wall Unit(s) |
|---|---|
| AIR CONDITIONING | Yes |
| AREA | 63 - Parkland |
| CONSTRUCTION | Stucco |
| HEAT | Electric |
| LOT | 7000 sq ft |
| LOT DESCRIPTION | Corner Lot, Paved |
| MLS STATUS | Active |
| STORIES | 1 |
| STYLE | 54 - 4-Plex |
| SUBDIVISION | Parkland |
| TAXES | 6603 |
| UTILITIES | Cable Available, Sewer Available |
| WATER | Public |
| SATELLITE VIEW |
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Listings courtesy of Northwest MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 10/10/25 3:34 PM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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