1123 S M Street Tacoma, WA ^$ 449,950

1123 S M Street

^$ 449,950

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1123 S M Street

Tacoma, WA, 98405

^$ 449,950

Studio Baths0.0 Sq 1,386

Monthly Estimate*

^$ 2,807

Listed by Theory Real Estate

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Studio

Multi-Family Home for sale in Tacoma, WA

for $449,950. This 1,386 square foot home was built in 1959 on a lot size of 0.0253.

HOUSE HACKERS - this property is a great way to offset your mortgage living on one side and continue renting the other! INVESTORS - this a great turn key rental to add to your portfolio that even has potential to push rent higher! Unit 1 is a 1 bed 1 bath and Unit 2 is a 2 bed 0.75 bath. The property has been updated with LVP flooring, paint, and appliances! Conveniently located near the Tacoma Link Light Rail, UW Tacoma, Stadium District, Hospitals, restaurants, shops, entertainment, and more! Potential condoization for even more opportunity? Buyer to verify!

Multi-Family Active

Price

^$ 449,950

Bedrooms

Studio

Property Type

Multi-Family

Taxes

^$ 2,988

Style

Duplex

Lot Size

0.0253

Year Built

1959

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2438875

Features

General

Living Area 0

Sewer Sewer Connected

Heating Baseboard Forced Air

Cooling None

Possession Closing

Roof Flat

HOA Fee 0

Year Built 1959

Property Subtype Multi Family

Tax Year 2025

County Pierce

Net Operating Income 27312

Insurance Expense 1500

New Construction N

Property Type Residential Income

HOA N

Subdivision Name Hilltop

Special Listing Conditions None

Status Active

Directions Google maps friendly

City Tacoma

Senior Community Y/N N

High School District Tacoma

Open Parking Spaces 0

Number Of Units Total 2

MLS Area 29 - Central Tacoma

Lot Size Units Square Feet

Lot Size Square Feet 1100

Carport Spaces 0

Carport Y/N N

Listing Terms Cash Out Conventional FHA VA Loan

Tax Annual Amount 2988

Electric Expense 2500

Fuel Expense 0

Public Remarks HOUSE HACKERS - this property is a great way to offset your mortgage living on one side and continue renting the other! INVESTORS - this a great turn key rental to add to your portfolio that even has

Leasable Area 1386

Structure Type Duplex

Building Area Units Square Feet

Standard Status Active

Water Company TPU

Units Below Grade false

Units In Building Total 2

Water Sewer Garbage 1400

Property Style 52 - Duplex

Cap Rate 6.07

Exterior

Exterior Amenities Cement/Concrete

Lot Features Corner Lot Curbs Paved Sidewalk

Water Source Public

Total Parking 0

Foundation Details Slab

Building Area Total 1386

Lot Size Acres 0.0253

Waterfront Y/N N

Covered Spaces 0

Irrigation Water Rights Y/N N

Parking Uncovered Spaces 0

Interior

Flooring Vinyl Vinyl Plank

Total Fireplaces 0

Total Stories 1

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Power Production Type Electric

Baths Three Quarter Upper 0

Bedrooms Upper 0

Baths Half Upper 0

Baths Full Upper 0

Internal Only

OriginalMLSID NWM2438875

Street Number 1 1123

* Excluded Features

List By

Ronald Dudley

Listing Agent

Theory Real Estate

Broker

Affordability Calculator

$3,056

Per Month

Monthly Principal & Interest: $2,807
Monthly Property Taxes: $249
Monthly Home Insurance: --

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Loan Term

Interest Rate

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Tacoma, WA

Average List Price ^$1,013,200

Percent of Sale Price 125%

About Tacoma, WA

214,955 Population

12% Since 2002

^$54,909 Median Income

37.66 Median Age

25% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

256639 Elementary School

257487 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
9/28/2025	$449,950		Listed Price

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1123 S M Street, Tacoma, WA, 98405 is a Multi-Family Home for sale at $449,950 with 1,386 sqft and a lot size of 0.0253. 1123 S M Street is a studio with 0.0 baths and was built in 1959. The property's zip code is 98405 which is in Tacoma, WA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the Northwest Multiple Listing Service

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Northwest Multiple Listing Service. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 12/14/2025.

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1123 S M Street

Multi-Family Home for sale in Tacoma, WA

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