16421644 120th Street S, Tacoma, WA 98444

$495,000
1,368
SqFt

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Listing courtesy of John L. Scott Dupont.

List Price
$495,000
Status
ACTIVE
MLS#
2544777
Days on Market
31
Style
52 - Duplex
Finished SqFt
1,368
Area Total SqFt
1368
Annual Tax Ammount
4510
Lot Size (sq ft)
10,000
Sewer
Sewer Connected

Property Description

Opportunity meets flexibility with this fully occupied duplex in the heart of Parkland! Whether you're an investor seeking strong cash flow or a first-time buyer looking to offset your mortgage by living in one unit and renting the other, this property offers exceptional potential. Each unit features 2 bedrooms and 1 bathroom, recently refreshed interiors, kitchen appliances included, and separate driveways for added convenience and privacy. Situated on a large corner lot, both units enjoy their own spacious, fully fenced backyard...an attractive feature for tenants and owner-occupants alike. Ideally located near Pacific Lutheran University, shopping, major freeways, and Joint Base Lewis-McChord, this property benefits from a highly desirable rental location. A newer roof installed within the last few years adds peace of mind, while the low-maintenance design and established rental history make ownership easy. With affordability, full occupancy, reliable income, and prime upside potential, this duplex is a smart addition to any investment portfolio and an excellent opportunity for buyers looking to build wealth through real estate.

Additional Information

List Date
2026-06-25 23:13:11
Community
Parkland
Net Operating Income
$36,249
Gross Adjusted Income
$41,376
Gross Scheduled Income
$41,376
Total Monthly Income
$3,448
Insurance Expenses
$617
Gross Rent Multiplier
12.08
Total Expenses
$5,127
Cap Rate
7
Total Number of Units
2
Unit Name
16421644
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1956
Roof
Composition
Site Features
Fenced-Fully
Energy Source
Electric
School District
Franklin Pierce
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,448
Gross Scheduled Income
$41,376
Gross Adjusted Income
$41,376
Tax Year
2026
Insurance Expense
$617
Total Expenses
$5,127
Net Operating Income
$36,249
Gross Rent Multiplier
12.08
Cap Rate
7
Based on information submitted to the MLS GRID as of . 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.
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