Property Details
1318 S J Street
Tacoma, WA 98405
$549,000
Active
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Property Overview
Turnkey income-producing duplex offering a well-maintained & nicely updated investment opportunity. The ground-floor unit features 2 bedrooms and 1 full bath, engineered hardwood flooring throughout, a spacious primary bedroom w/ a w/i closet, & a ceramic-tiled shower. The upper unit has been recently refreshed & includes 1 bed, 1 full bath, & a full-sized washer & dryer. A new roof / siding & ext paint adds peace of mind. The fully fenced property provides privacy, while the expansive lot offers abundant fenced & gated parking accessed from the alley. Conveniently located near shopping, dining, UW Tacoma, hospitals, transportation and easy freeway access. Flexible multifamily, residential and commercial zoning enhances long-term potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Hilltop
Listed
Jan 9, 2026
Original Price
$650,000
Financial Summary
Cap Rate
3.30%
Net Operating Income
$21,541
Gross Scheduled Income
$36,060
Gross Rent Multiplier
18.02
Total Expenses
$10,027
Vacancy Rate
3.0%
Building & Use
Building Sq Ft
1,390
Leasable Area
1,390 sqft
Total Units
2
Lot Size
4,678 sqft
Year Built
1890
Exterior & Lot
Lot Size
0.11 sqft
Year Built
1890
Exterior Materials
Wood
Parking
RV Parking
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.24928, -122.45006
Additional Information
Tax Year
2025
Annual Taxes
$4,491
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 5:11 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.
