Property Details
8314 S Park Avenue
Tacoma, WA 98408
$549,900
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Property Overview
Turnkey Duplex Opportunity in Tacoma’s Fern Hill District! Ideal for owner-occupants looking to live in one unit and rent the other, or investors seeking a fully updated, income-producing property. This 1981 duplex has been thoughtfully remodeled with modern finishes throughout, including hardwood and tile flooring, solid core doors, updated countertops, and stylish stone backsplashes. Each unit features a new Samsung stainless steel 4-piece appliance suite and efficient 18K BTU mini-split systems for heating and cooling. Exterior upgrades include new siding and fresh interior and exterior paint. The property offers a fully fenced yard, privacy gate, and 3–4 off-street parking spaces—perfect for tenants or multi-vehicle households. Zoned C1, this property also presents future development or expansion potential, adding long-term upside for savvy buyers. Conveniently located near amenities, schools, and commuter routes. A rare blend of comfort, cash flow, and opportunity! Seller giving up to $5000 towards rate buy down! See today!
Property Details
Property Information
Property Type
Residential Income
Subtype
Multi Family
Status
Active
County
Pierce
Neighborhood
Tacoma
Listed
Jul 3, 2026
Original Price
$590,000
Structure Type
Duplex
Parcel Number
3815000090
Tax & HOA
Annual Property Tax
$4,707 (2026)
Est. Monthly Tax
$392/mo
Financial Summary
Cap Rate
5.00%
Total Expenses
$10,411
Building & Use
Building Sq Ft
1,664
Leasable Area
1,664 sqft
Total Units
2
Zoning
Commercial,Residential,See Remarks
Possible Use
Commercial, Residential, See Remarks
Lot Size
4,439 sqft
Year Built
1981
Exterior & Lot
Lot Size
0.10 sqft
Year Built
1981
Exterior Materials
See Remarks, Wood
Sewer
Sewer Connected
Water Source
Public
Lot Features
Alley, Curbs, Paved, Sidewalk
Exterior Features
See Remarks, Wood, Wood Products
Community & Access
Directions
Exit I-5 at 74th street exit. East to South Park Avenue and turn right. Unit is 1/2 block down on the left.
Location
City
Tacoma
County
Pierce
Coordinates
47.18169, -122.44233
Additional Information
Tax Year
2026
Annual Taxes
$4,707
Possession
Array
Based on information submitted to the MLS GRID as of August 2, 2026 5:00 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.
