Bought with COMPASS
$650,000
$700,000
7.1%For more information regarding the value of a property, please contact us for a free consultation.
2,390 SqFt
SOLD DATE : 08/25/2025
Key Details
Sold Price $650,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,390 sqft
Price per Sqft $271
Subdivision Parkland
MLS Listing ID 2339341
Sold Date 08/25/25
Style 53 - Tri-plex
Year Built 1950
Annual Tax Amount $4,936
Lot Size 0.292 Acres
Property Sub-Type Multi Family
Property Description
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.
Location
State WA
County Pierce
Area 63 - Parkland
Interior
Flooring Vinyl, Carpet
Fireplace false
Exterior
Exterior Feature Metal/Vinyl, Wood, Wood Products
Amenities Available Fenced-Partially, RV Parking
View Y/N No
Roof Type Composition
Building
Lot Description Corner Lot, Dead End Street, Paved
Sewer Sewer Connected
Water Public
New Construction No
Schools
School District Franklin Pierce
Others
Senior Community No
Acceptable Financing Cash Out, Conventional, Rehab Loan
Listing Terms Cash Out, Conventional, Rehab Loan
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