Listing provided courtesy of Real Broker LLCNWMLSas Distributed by MLSGrid- MLS# NWM2540529
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Request Info912 138th Street ETacoma, WA 98445
Multi-Family · 4 Beds · 1,800 Sq. ft. | 0.33 Acres$549,900
Pending Inspection
912 138th Street E Overview
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Well-maintained, turnkey duplex on a generous 14,238 SF lot, offering a projected 6.75% cap rate at market rents. Each spacious 2-bedroom, 1-bath unit offers approximately 900 SF and features an attached garage, private fenced backyard, and in-unit laundry. Pride of ownership is evident throughout with a brick exterior, mature landscaping, excellent curb appeal, newer roof, newer windows, recently upgraded electrical panels, and fresh interior paint and flooring. Both units were intentionally left vacant following recent long-term tenant turnover, providing easy showing access and a rare opportunity for owner-occupant buyers looking to offset their mortgage with rental income, or investors seeking immediate lease-up at current market rents. Located in unincorporated Pierce County, offering investors an alternative to properties within Tacoma city limits and not subject to Tacoma's Rental Housing Code. Conveniently located near JBLM, PLU, shopping, schools, and major commuter routes.
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912 138th Street E Facts & Features
- Type Multi-Family
- Sq. ft. 1,800
- Price/Sq.ft. $306
- Lot 0.33 Acres
Details
General
Association/HOA
- Association Fee: $0.00
School Information
- School District: Franklin Pierce
Green Features
- Green Energy Efficient: Thermal Windows
Income/Expenses
- Other Expense: 1000
- Electric Expense: 0
- Fuel Expense: 0
- Gross Scheduled Income: 47700
- Insurance Expense: 1000
- Net Operating Income: 35890
- Total Expenses: 10922
- Total Monthly Income: 3975
- Water/Sewer/Garbage: 3300
Building Information
- New Construction: No
- Year Built: 1960
Location/Region
- Country: US
- County Or Parish: Pierce
- MLS Area Major: 67 - Parkland
- Subdivision Name: Brookdale
Community/Development
- Amenities: Thermal Windows
Tax Information
- Tax Annual Amount: $5,622.00
- Tax Year: 2026
General Information
- Listing Terms: Cash, Conventional, VA Loan
- Parcel Number: 9850100020
- Possible Use: Residential
- Property Sub Type: Multi Family
- Property Type: Residential Income
- Senior Community: No
- Special Listing Conditions: None
Interior
Parking Information
- Garage Spaces: 2
Beds/Baths
- Bedrooms Upper: 0
Building Interior
- Building Area Total: 1800
- Building Area Units: Square Feet
- Calculated Square Footage: 1800
- Square Footage Finished: 0
- Square Footage Unfinished: 0
General Information
- Cooling: No
- Fireplace: No
- Fireplaces Total: 0
- Flooring: Ceramic Tile, Engineered Hardwood, Carpet
- Foundation Details: Poured Concrete
- Heating: Yes
- Leasable Area: 2328
- Living Area: 0
- Main Level Bathrooms: 0
- Power Production Type: Electric
- Security Features: Fully Fenced
- Stories Total: 1
Exterior
Parking Information
- Open Parking: No
- Parking Total: 6
- Parking Uncovered Total: 4
Lot Information
- Irrigation Water Rights: No
- Lot Size Acres: 0.3269
- Lot Size Square Feet: 14238
- Lot Size Units: Square Feet
- Site Features: Fenced-Fully, Patio
- Elevation Units: Feet
- Water Source: Public
Waterfront/View
- Waterfront: No
Building Exterior/Construction
- Roof: Composition
- Structure Type: Duplex
General Information
- Carport Spaces: 0
- Carport: No
- Covered Spaces: 2
- Exterior Features: Brick, Wood
- Number Of Units Total: 2
- Sewer: Sewer Connected
Unit Information
Unit 1 Details
- Actual Rent: 1850
- Beds Total: 2
- Baths Total: 1
Unit 2 Details
- Actual Rent: 1850
- Beds Total: 2
- Baths Total: 1
912 138th Street E Neighborhood
Community
98445 (Tacoma) Demographics
38
Median Age
3,064
Population Density (per sq. mile)
27%
College Educated
$70,241
Estimated Median Income
8,318
Estimated Total Home Owners
3,228
Estimated Total Renters
72% / 28%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.912 138th Street E Monthly Cost
912 138th Street E Market Data
Based on the last 30 days in this zip code
$576,495
Average List Price
$285
Average Price per Square Foot
30
Properties Sold
98
Average Days on Market
185
Properties for Sale
912 138th Street E History
| Date | Value | Agent |
|---|---|---|
| 6/23/2026Source: NWMLS | Pending Inspection |
|
| 6/17/2026Source: NWMLS | June 17, 2026 |