1208 111th Street S, Tacoma, WA 98444

$548,000
2,048
SqFt

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Listing courtesy of Century 21 Blue Chip.

List Price
$548,000
Status
ACTIVE
MLS#
2547437
Days on Market
22
Style
52 - Duplex
Building Condition
Very Good
Finished SqFt
2,048
Area Total SqFt
2048
Annual Tax Ammount
5874
Lot Size (sq ft)
9,000
Sewer
Sewer Connected

Property Description

Fantastic investment opportunity in the heart of Parkland! This well-maintained duplex offers immediate income with plenty of upside potential. Both units have seen updates, making this an attractive option for tenants while minimizing near-term maintenance. Whether you're looking to expand your rental portfolio or live in one unit while renting the other, this property offers flexibility and long-term value. With strong rental demand in the area, there's an excellent opportunity to increase rents over time as leases renew and continue maximizing your return. Conveniently located near schools, shopping, dining, parks, and major commuter routes, this is an investment you won't want to miss. Don't miss your chance to own a solid income-producing property in a desirable Parkland location! Easy option to live in one side and rent out the other. Get your mortgage paid!

Additional Information

List Date
2026-07-04 16:58:11
Community
Parkland
Net Operating Income
$35,726
Gross Adjusted Income
$48,000
Gross Scheduled Income
$48,000
Total Monthly Income
$2,500
Insurance Expenses
$2,000
Water/Sewer/Garbage Expenses
$2,400
Gross Rent Multiplier
11.41
Total Expenses
$12,274
Cap Rate
6.51
Total Number of Units
2
Unit Name
1208
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1977
Roof
Composition
Other Expenses
2000
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
$2,500
Gross Scheduled Income
$48,000
Gross Adjusted Income
$48,000
Tax Year
2026
Insurance Expense
$2,000
W/S/G Expenses
$2,400
Total Expenses
$12,274
Net Operating Income
$35,726
Gross Rent Multiplier
11.41
Cap Rate
6.51
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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