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Brett Bonner

brettbonner@brettbonner.com +1(253) 606-0578

Listed by:Triwood Realty • David Joiner

$ 629,000

Est. payment | -/mo

4 Beds

2 Baths

1,176 SqFt

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$ 629,000

Est. payment | -/mo

Save

4 Beds

2 Baths

1,176 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 1,176 sqft

Price per Sqft $534

Subdivision Larchmont

MLS Listing ID 2512903

Style 52 - Duplex

Bedrooms 4

Year Built 1972

Annual Tax Amount $4,791

Lot Size 0.344 Acres

Property Sub-Type Multi Family

Property Description

Positioned in a desirable South Tacoma location within unincorporated Pierce County, this tastefully updated duplex offers a rare blend of immediate cash flow and long-term development upside. Each unit generates approximately $1,700/month in reliable rental income, making this an attractive turnkey investment with strong in-place returns. The property has been thoughtfully upgraded with modern, higher-end finishes that appeal to quality tenants, helping ensure consistent occupancy and rental stability. What truly sets this property apart is its Urban Corridor (UC) zoning designation, opening the door to a wide range of future development possibilities. UC zoning is intended to support higher-density residential and mixed-use projects, allowing for potential redevelopment into multi-family housing, townhomes, or even a mixed-use building with commercial space on the ground level and residential units above (buyer to verify with Pierce County). This creates a compelling opportunity for investors and developers alike to capitalize on the area's continued growth and demand for housing. Whether you choose to hold and enjoy steady income, or plan for a future redevelopment project, this property offers flexibility, strong fundamentals, and upside potential in a growing corridor. Opportunities like this—combining current performance with forward-looking potential—are increasingly hard to find.

Location

State WA

County Pierce

Area 64 - Parkland/Midland

Interior

Fireplace false

Exterior

Exterior Feature Wood, Wood Products

Garage Spaces 2.0

View Y/N No

Roof Type Composition

Building

Lot Description Paved, Secluded, Value In Land

Sewer Sewer Connected

New Construction No

Schools

School District Franklin Pierce

Others

Senior Community No

Acceptable Financing Cash, Conventional, FHA, VA Loan

Listing Terms Cash, Conventional, FHA, VA Loan

"Three Trees" icon indicates a listing provided courtesy of NWMLS.

Nearby Locations

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Brett Bonner

MANAGING BROKER/REALTOR® | Lic# 27156

brettbonner@brettbonner.com

+1(253) 606-0578

111 Tumwater Blvd. Southeast Unit A 109, Tumwater, WA, 98501, USA

10133 Patterson ST S Tacoma, WA 98444

Brett Bonner

Key Details

Location

Interior

Exterior

Building

Schools

Others

10133 Patterson ST S