1214 S 8th Street Unit #1 & 2, Tacoma, WA 98405

$649,999
2,236
SqFt

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Listing courtesy of RE/MAX Equity Group.

List Price
$649,999
Status
ACTIVE
MLS#
2558010
Days on Market
66
Style
52 - Duplex
Finished SqFt
2,236
Area Total SqFt
2236
Annual Tax Ammount
431
Lot Size (sq ft)
3,500
Sewer
Sewer Connected

Property Description

Exceptional Turnkey Investment Opportunity! Beautifully updated historic duplex offering outstanding income potential & exceptional value. Previously rented for $5,300/MONTH ($2,650 per unit), there’s nothing left to do but place your tenants! IMMEDIATE RENTAL OPPORTUNITY! No renovations needed—just place your tenants & start generating income. OWNER-OCCUPANT/HOUSE HACK OPPORTUNITY! Live in one unit while renting the other to help offset a substantial portion of your monthly mortgage payment while building equity.Both units have the comfort & feel of a single-family home. Each offers 1,118 sq ft with 4 bedrooms, for a total of 8 BEDROOMS, 2.75 baths, and 2,236 sq ft.Extensively remodeled approximately 3–4 years ago with beautifully updated kitchens & bathrooms, fresh interior paint, new carpeting, and newer kitchen appliances. ALL APPLIANCES STAY, including refrigerators, ranges, dishwashers, washers, and dryers. Major improvements include a NEWER ROOF, aluminum downspouts, vapor barrier in the walkable crawl space, and newer ABS sewer line.Ideally located in Tacoma’s vibrant Hilltop neighborhood just minutes from major hospitals, LIGHT RAIL, public transit, Ruston Way, the 6th Avenue dining & entertainment district, the Stadium District, and Downtown Tacoma. Opportunities to own a beautifully updated duplex offering TWO INCOME-PRODUCING UNITS, 8 BEDROOMS, and this level of rental potential at such an attractive price point are FEW AND FAR BETWEEN!

Additional Information

List Date
2026-05-21 22:13:11
Community
Hilltop
Net Operating Income
$3,669
Gross Adjusted Income
$4,650
Gross Scheduled Income
$5,300
Total Monthly Income
$5,300
Insurance Expenses
$100
Water/Sewer/Garbage Expenses
$450
Gross Rent Multiplier
10.8
Total Expenses
$1,231
Cap Rate
6.7
Vacancy Rate
7
Total Number of Units
2
Unit Name
1214
Potential Terms
Cash, Conventional, FHA, VA Loan
Year Built
1890
View
Territorial
Roof
Composition
Electric Expenses
250
Energy Source
Electric
School District
Tacoma
Elementary School
Bryant
Middle School
Hilltop Heritage Middle
High School
Stadium
Total Monthly Income
$5,300
Gross Scheduled Income
$5,300
Vacancy Rate
7
Gross Adjusted Income
$4,650
Tax Year
2026
Insurance Expense
$100
W/S/G Expenses
$450
Total Expenses
$1,231
Net Operating Income
$3,669
Gross Rent Multiplier
10.8
Cap Rate
6.7
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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