Property Details
758 S 39th Street
Tacoma, WA 88418
$627,770
Pending Inspection
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Property Overview
Rare opportunity in Tacoma’s vibrant Lincoln District! Recently refreshed – remodeled triplex featuring three private residences with separate entrances, a strong 25+ year rental history, detached garage – and storage. Ideal for investors, multigenerational living, or owner-occupants—live in one unit while generating income from the others. Conveniently located near shopping, schools, dining, transit, and major freeway access. A hard-to-find multifamily vacant property in good condition, offering immediate income potential and long-term flexibility. Multiple possibilities and a great investment opportunity—don’t miss it!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Pending Inspection
County
Pierce
Neighborhood
Lincoln
Listed
Aug 7, 2026
Structure Type
Triplex
Parcel Number
8935021190
Tax & HOA
Annual Property Tax
$5,483 (2026)
Est. Monthly Tax
$457/mo
Financial Summary
Cap Rate
9.00%
Net Operating Income
$51,417
Gross Scheduled Income
$62,500
Gross Rent Multiplier
10.00
Total Expenses
$11,083
Building & Use
Building Sq Ft
2,236
Leasable Area
2,326 sqft
Total Units
3
Lot Size
5,998 sqft
Year Built
1909
Exterior & Lot
Lot Size
0.14 sqft
Year Built
1909
Garage
2 spaces
Exterior Materials
Cement
Sewer
Sewer Connected
Lot Features
Paved, Sidewalk
Exterior Features
Cement/Concrete
Community & Access
Directions
From I-5 to S 38th St exit. East on S 38th St, right on S Yakima Ave, left on S 39th St. Property on left.
Location
City
Tacoma
County
Pierce
Coordinates
47.22148, -122.44253
Additional Information
Tax Year
2026
Annual Taxes
$5,483
Possession
Array
Based on information submitted to the MLS GRID as of August 10, 2026 3:45 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.
