1122 Lafayette St S Unit 1-4 Tacoma, WA 98444
Estimated payment $4,542/month
Highlights
- Corner Lot
- Patio
- Partially Fenced Property
- No HOA
- Vinyl Plank Flooring
- 1-Story Property
About This Home
Excellent Tacoma investment opportunity! This well-kept 4-plex delivers a 4.95% CAP RATE with upside potential!! Each unit is single-level, 1 bed/1 bath, with proven 0% vacancy rate. Recent improvements include a brand-new metal roof, refreshed exterior, and two updated units with luxury vinyl plank flooring and new paint. Added income from on-site coin-op laundry plus private storage for each unit. A hedge against inflation, this property produces steady monthly cash flow and offers tax advantages. With strong occupancy, rental demand, and income streams, it combines reliability with growth potential. Prime location near a new elementary school, PLU, JBLM, retail, dining, and quick access to WA-512 & I-5. Please do not disturb occupants.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2438390
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,603
Year Built
- Built in 1957
Lot Details
- 7,000 Sq Ft Lot
- Partially Fenced Property
- Corner Lot
- Property is in good condition
Home Design
- Quadruplex
- Poured Concrete
- Metal Roof
- Stucco
Interior Spaces
- 2,546 Sq Ft Home
- 1-Story Property
Flooring
- Carpet
- Laminate
- Vinyl Plank
Bedrooms and Bathrooms
- 4 Bedrooms
- 4 Bathrooms
Parking
- 10 Parking Spaces
- Open Parking
Outdoor Features
- Patio
Schools
- James Sales Elementary School
- Perry G Keithley Mid Middle School
- Wash High School
Utilities
- Cooling System Mounted In Outer Wall Opening
- Heating System Mounted To A Wall or Window
- Cable TV Available
Community Details
- No Home Owners Association
- Mildred Condos
- Parkland Subdivision
Listing and Financial Details
- Tax Lot 1
- Assessor Parcel Number 5845000191
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $6,264 | $588,600 | $192,900 | $395,700 |
| 2024 | $6,264 | $567,900 | $174,300 | $393,600 |
| 2023 | $6,264 | $550,700 | $151,700 | $399,000 |
| 2022 | $5,645 | $545,800 | $151,700 | $394,100 |
| 2021 | $4,950 | $377,000 | $87,900 | $289,100 |
| 2019 | $3,690 | $302,300 | $74,600 | $227,700 |
| 2018 | $4,082 | $289,000 | $66,900 | $222,100 |
| 2017 | $3,782 | $242,500 | $56,100 | $186,400 |
| 2016 | $3,513 | $211,600 | $42,700 | $168,900 |
| 2014 | $2,905 | $188,000 | $41,800 | $146,200 |
| 2013 | $2,905 | $159,900 | $36,600 | $123,300 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/01/2025 10/01/25 | For Sale | $750,000 | +21.0% | $295 / Sq Ft | |
| 09/12/2022 09/12/22 | Sold | $620,000 | +3.4% | $244 / Sq Ft | View Prior Sale |
| 07/23/2022 07/23/22 | Pending | -- | -- | -- | |
| 07/15/2022 07/15/22 | For Sale | $599,900 | 0.0% | $236 / Sq Ft | |
| 06/28/2022 06/28/22 | Pending | -- | -- | -- | |
| 06/21/2022 06/21/22 | For Sale | $599,900 | +49.2% | $236 / Sq Ft | |
| 08/29/2017 08/29/17 | Sold | $402,050 | +11.7% | $158 / Sq Ft | View Prior Sale |
| 07/13/2017 07/13/17 | Pending | -- | -- | -- | |
| 07/03/2017 07/03/17 | For Sale | $360,000 | -- | $141 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | $401,769 | Old Republic Title Ltd | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $111,400 | -- | |
| Contract Of Sale | $123,500 | -- | |
| Warranty Deed | -- | -- | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $634,260 | VA | |
| Previous Owner | $301,537 | Commercial | |
| Previous Owner | $123,500 | No Value Available | |
| Previous Owner | $117,000 | Seller Take Back |
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2438390
APN: 584500-0191
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID
- 1032 111th St S
- 0 xxx 111th St S
- 1221 111th St S
- 11108 Sheridan Ave S
- 11058 Sheridan Ave S
- 866 112th St S
- 1402 Violet Meadow St S
- 10912 11th Avenue Ct S
- 1513 Violet Meadow St S
- 1510 Violet Meadow St S
- 1406 116th St S
- 11104 Ainsworth Ave S
- 1112 117th St S
- 1038 108th St S
- 769 113th St S
- 10711 9th Avenue Ct S
- 10715 9th Avenue Ct S
- 928 107th Street Ct S
- 904 118th St S
- 11701 8th Avenue Ct S
- 1420 112th St S
- 12105 12th Ave S Unit 5 Bedroom House
- 11216 18th Ave S
- 766 120th St S
- 10925 Park Ave S
- 10710 17th Ave S
- 1809 105th Street Ct S
- 11424 A St S
- 10133 Patterson St S
- 2201 104th St S
- 12712 C St S
- 12323 A St S Unit 2B
- 416 111th Street Ct E
- 10102 Sales Rd S
- 129 126th St E
- 2415 100th Street Ct S
- 2220 97th St S
- 2425 96th St S
- 9314 S Ash St
- 2325 S 96th St