Property Details
1214 S 8th Street #1 & 2
Tacoma, WA 98405
$639,999
Pending
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Property Overview
Exceptional Turnkey Investment Opportunity! Beautifully updated historic duplex offering outstanding income potential & exceptional value. Previously rented for $5,300/MONTH ($2,650 per unit), there’s nothing left to do but place your tenants! IMMEDIATE RENTAL OPPORTUNITY! No renovations needed—just place your tenants & start generating income. OWNER-OCCUPANT/HOUSE HACK OPPORTUNITY! Live in one unit while renting the other to help offset a substantial portion of your monthly mortgage payment while building equity.Both units have the comfort & feel of a single-family home. Each offers 1,118 sq ft with 4 bedrooms, for a total of 8 BEDROOMS, 2.75 baths, and 2,236 sq ft.Extensively remodeled approximately 3–4 years ago with beautifully updated kitchens & bathrooms, fresh interior paint, new carpeting, and newer kitchen appliances. ALL APPLIANCES STAY. Major improvements include a NEWER ROOF, aluminum downspouts, vapor barrier in the walkable crawl space, and newer ABS sewer line.Ideally located in Tacoma’s vibrant Hilltop neighborhood just minutes from major hospitals, LIGHT RAIL, public transit, Ruston Way, the 6th Avenue dining & entertainment district, the Stadium District, and Downtown Tacoma. Opportunities to own a beautifully updated duplex offering TWO INCOME-PRODUCING UNITS, 8 BEDROOMS, and this level of rental potential at such an attractive price point are FEW AND FAR BETWEEN! Seller to pay $10,000 towards buyer's closing cost
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending
County
Pierce
Neighborhood
Hilltop
Listed
Jul 21, 2026
Original Price
$649,999
Structure Type
Duplex
Parcel Number
2008250050
Tax & HOA
Annual Property Tax
$431 (2026)
Est. Monthly Tax
$36/mo
Financial Summary
Cap Rate
6.70%
Net Operating Income
$3,669
Gross Scheduled Income
$5,300
Gross Rent Multiplier
10.80
Total Expenses
$1,231
Vacancy Rate
7.0%
Building & Use
Building Sq Ft
2,236
Leasable Area
2,236 sqft
Total Units
2
Lot Size
3,498 sqft
Year Built
1890
Exterior & Lot
Lot Size
0.08 sqft
Year Built
1890
Exterior Materials
Cement, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Curbs, Paved, Sidewalk
Exterior Features
Cement/Concrete, Wood
Community & Access
Directions
From I-5, take Exit 133 for WA-7/Pacific Ave, head north on Pacific Ave, turn left onto S 12th St, then right onto S 8th St; the property will be on your left at 1214 S 8th St, Tacoma, WA 98405.
Location
City
Tacoma
County
Pierce
Coordinates
47.25460, -122.45475
Additional Information
Tax Year
2026
Annual Taxes
$431
Possession
Array
Based on information submitted to the MLS GRID as of August 6, 2026 10:45 PM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
