Property Details
818 138th Street E
Tacoma, WA 98445
$580,000
Active
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Property Overview
Don't miss this fantastic investment opportunity! Ideally located just minutes from shopping, Spanaway Park, I-5, SR-512, and JBLM, this well-maintained duplex offers the perfect combination of convenience and income potential.Whether you're expanding your investment portfolio or looking for an owner-occupied property with rental income, this duplex checks all the boxes. Both units are occupied by reliable long-term tenants, providing immediate, consistent rental income.Each unit features a bright, open-concept floor plan with vaulted ceilings, skylights, and a cozy gas fireplace and furnace (new in 816) that creates a warm and inviting living space. A private one-car garage for each unit adds everyday convenience and enhances tenant appeal.With a strong rental history, desirable layout, and prime location near major commuter routes and local amenities, this is an outstanding opportunity you won't want to miss.
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Parkland
Listed
Aug 12, 2026
Structure Type
Duplex
Parcel Number
0319157046
Tax & HOA
Annual Property Tax
$6,233 (2026)
Est. Monthly Tax
$519/mo
Financial Summary
Cap Rate
4.77%
Net Operating Income
$27,672
Gross Scheduled Income
$39,540
Gross Rent Multiplier
14.00
Total Expenses
$11,077
Vacancy Rate
2.0%
Building & Use
Building Sq Ft
2,118
Leasable Area
2,118 sqft
Total Units
2
Lot Size
10,790 sqft
Year Built
2004
Exterior & Lot
Lot Size
0.25 sqft
Year Built
2004
Garage
2 spaces
Exterior Materials
Metal/Vinyl, Wood
Sewer
Sewer Connected
Water Source
See Remarks
Lot Features
Paved
Exterior Features
Metal/Vinyl, Wood
Community & Access
Directions
From Pacific Ave, go east on 138th St E to the duplex on your right.
Location
City
Tacoma
County
Pierce
Coordinates
47.13106, -122.42001
Additional Information
Tax Year
2026
Annual Taxes
$6,233
Possession
Array
Based on information submitted to the MLS GRID as of August 12, 2026 10:00 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.
