Property Details
2204 S 12th Street
Tacoma, WA 98405
$525,000
Active
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Property Overview
Welcome to this centrally located Tacoma duplex, sitting on a flat corner lot in the heart of it all. You’re just minutes from hospitals, great restaurants, coffee shops, and nightlife, with super easy access to I-5 for commuting.This is a great opportunity whether you’re looking to invest or live in one unit and rent out the other. Each side offers 2 bedrooms and 1 bathroom, with practical, comfortable layouts that tenants will appreciate.The property features a detached garage that works well for parking or extra storage, plus a fully fenced yard with plenty of space to enjoy. There’s also on-site laundry and additional storage for added convenience.Both units have been freshly painted, and the upstairs unit has new tile and updated flooring, giving it a clean, refreshed feel. Each unit has its own power meter, and the garage is separately metered as well.With parks, the Stadium District, museums, and shopping nearby, this duplex offers a great mix of location, flexibility, and potential.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Central Tacoma
Listed
Apr 23, 2026
Original Price
$535,000
Financial Summary
Cap Rate
4.40%
Net Operating Income
$20,600
Gross Scheduled Income
$2,750
Gross Rent Multiplier
16.20
Total Expenses
$12,378
Vacancy Rate
100.0%
Building & Use
Building Sq Ft
1,284
Leasable Area
1,284 sqft
Total Units
2
Lot Size
5,480 sqft
Year Built
1904
Exterior & Lot
Lot Size
0.13 sqft
Year Built
1904
Garage
1 spaces
Exterior Materials
Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Corner Lot, Curbs
Exterior Features
Wood Products
Location
City
Tacoma
County
Pierce
Coordinates
47.24989, -122.46591
Additional Information
Tax Year
2026
Annual Taxes
$5,028
Possession
Array
Based on information submitted to the MLS GRID as of May 8, 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.
