New ListingThey said the "1% Rule" was impossible - but this Parkland rental delivers! This large corner-lot home is split into 3 separate living suites, each with its own kitchen & laundry: a 6-bed/2-bath suite, & two 3-bed/1-bath suites. Renovated to the studs in 2017 & capped with a new 2026 roof & sheeting. Built to last with full insulation, all new plumbing lines, tankless water heater, LVP + laminate flooring, & electric heat w/ thermostats. Sold fully furnished, mostly occupied, & systemized for immediate cashflow! Favorite tenant upgrades include a large covered patio, fenced & level backyard with a large storage shed, plus abundant off-street parking for 10+ cars & an EV hookup. Ask the listing agent for ROI spreadsheets showing $ 1,850 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses! Great location: walk to major commuter buses, Pacific Lutheran University (PLU), Sushi Burrito & other Garfield Street cafes. Easily hop on SR-512 and I-5 freeways for nearby JBLM, Tacoma, & Seattle. Investments like this don't come often!
| MLS # | 2588383 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1955 |
| Days On Site | 6 |
| Listing Provided By | COMPASS | Michael Haas |
| SQ Feet | 2,168 |
|---|---|
| Story(s) | 2 |
| Units | 12 |
| Acreage | 0.23 |
| Property | 5501 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98444 |
| Area | 69 Parkland |
| Community Name | Parkland |
| School District | Wash High |
| Elementary School | Brookdale Elem |
| High School | Wash High |
| Listing VS Median (in Parkland) | |
Price: $749,000 low | high Med: $475,000 sqft: 2,168 low | high Med: 1,721 $ / sqft: $345 low | high Med: $290 On site: 6 low | high Med: 12.5 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98444 |
| Area | 69 Parkland |
| Community Name | Parkland |
| School District | Wash High |
| Elementary School | Brookdale Elem |
| High School | Wash High |
| Listing VS Median (in Parkland) | |
Price: $749,000 low | high Med: $475,000 sqft: 2,168 low | high Med: 1,721 $ / sqft: $345 low | high Med: $290 On site: 6 low | high Med: 12.5 | |