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7374 S Alaska Street Tacoma, WA $ 575,000
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7374 S Alaska Street
$ 575,000
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7374 S Alaska Street

Tacoma, WA, 98408
$ 575,000
Bedrooms-- Baths0.0 Sq 2,960

Monthly Estimate*

$ 3,971

Listed by Michael Haas, COMPASS, 408-439-7873, Michael.Haas@compass.com
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Multi-Family Home for sale in Tacoma, WA

for $575,000. This 2,960 square foot home was built in 1961 on a lot size of 0.1802.

They said the "1% Rule" was impossible - but this Tacoma rental delivers! This income-producing property sits on a spacious corner lot with an oversized 720 SF detached garage for parking & storage, equipped with its own electrical service panel & meter. Flexible room-rental configuration with 8 furnished rooms, 3 bathrooms, 8 individual mini fridges, and a common area with kitchen & washer/dryer. Sold fully furnished, mostly occupied & systemized for immediate cashflow! Renovated for longevity with a new 30-year Pabco Premier roof, sheeting, gutters, exterior siding & paint in 2024, plus new hot & cold water lines in 2026 and a recently replaced water heater. A property with substantial updates, functional living spaces, parking & lots of potential. Conveniently located near Wapato Park, I-5, transit, shopping, fitness, dining & JBLM. Investments like this don't come often - ask the listing agent for ROI spreadsheets showing over $875 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses!

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Multi-Family Active

Price

$ 575,000

Property Type

Multi-Family

Taxes

$ 6,060

Style

5-9 Units

Lot Size

0.1802

Year Built

1961

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2588374
Features
General
Living Area 0
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Closing Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 4
Security Features Fully Fenced
Year Built 1961
View Territorial
Property Subtype Multi Family
Tax Year 2026
County Pierce
Net Operating Income 50477
Insurance Expense 1087
New Construction N
Property Type Residential Income
HOA N
Subdivision Name South Tacoma
Special Listing Conditions None
Status Active
Directions I-5 Exit 129 to East on 72nd Street Right on Alaska St Corner of Alaska and 76th Street
High School Mt Tahoma
City Tacoma
Senior Community Y/N N
High School District Tacoma
Number Of Units Total 8
MLS Area 53 - South Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 7850
Carport Spaces 4
Carport Y/N N
Listing Terms Cash Conventional
Elementary School Birney
Tax Annual Amount 6060.16
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Baker
Public Remarks They said the 1% Rule was impossible - but this Tacoma rental delivers! This income-producing property sits on a spacious corner lot with an oversized 720 SF detached garage for parking & storage e
Leasable Area 2960
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Active
Water Company TPU
Units Below Grade false
Units In Building Total 8
Water Sewer Garbage 7527
Property Style 55 - 5-9 Units
Cap Rate 9.03
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Exterior
Exterior Amenities Wood
Lot Features Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 7
Foundation Details Poured Concrete
Building Area Total 2960
Lot Size Acres 0.1802
Waterfront Y/N N
Covered Spaces 4
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Fully Patio
Parking Uncovered Total 3
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Interior
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric Natural Gas Wood
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2588374
Street Number 1 7374
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* Excluded Features
List By
Michael Haas

Listing Agent

Compass

Broker

Michael.Haas@compass.com

Email

Affordability Calculator

$4,476
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,971
Monthly Property Taxes
$505
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
4495712 Elementary School
257722 Middle School
Mt Tahoma High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
10/14/2026$575,000 Listed Price

Map

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7374 S Alaska Street, Tacoma, WA, 98408 is a Multi-Family Home for sale at $575,000 with 2,960 sqft and a lot size of 0.1802. 7374 S Alaska Street has 0.0 baths and was built in 1961. The property's zip code is 98408 which is in Tacoma, WA

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