16421644 120th Street S Tacoma, WA $ 495,000
16421644 120th Street S
$ 495,000
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16421644 120th Street S

Tacoma, WA, 98444
$ 495,000
Baths0.0 Sq 1,368

Monthly Estimate*

$ 3,125

Listed by John L. Scott Dupont
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Studio

Multi-Family Home for sale in Tacoma, WA

for $495,000. This 1,368 square foot home was built in 1956 on a lot size of 0.2296.

Opportunity meets flexibility with this fully occupied duplex in the heart of Parkland! Whether you're an investor seeking strong cash flow or a first-time buyer looking to offset your mortgage by living in one unit and renting the other, this property offers exceptional potential. Each unit features 2 bedrooms and 1 bathroom, recently refreshed interiors, kitchen appliances included, and separate driveways for added convenience and privacy. Situated on a large corner lot, both units enjoy their own spacious, fully fenced backyard...an attractive feature for tenants and owner-occupants alike. Ideally located near Pacific Lutheran University, shopping, major freeways, and Joint Base Lewis-McChord, this property benefits from a highly desirable rental location. A newer roof installed within the last few years adds peace of mind, while the low-maintenance design and established rental history make ownership easy. With affordability, full occupancy, reliable income, and prime upside potential, this duplex is a smart addition to any investment portfolio and an excellent opportunity for buyers looking to build wealth through real estate.

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Multi-Family Active

Price

$ 495,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,510

Style

Duplex

Lot Size

0.2296

Year Built

1956

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2544777

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard Wall Furnace
Cooling None
Possession See Remarks Subject To Tenant Rights
Roof Composition
HOA Fee 0
Garage Spaces 0
Security Features Fully Fenced
Year Built 1956
Property Subtype Multi Family
Tax Year 2026
County Pierce
Net Operating Income 36249
Insurance Expense 617
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Parkland
Possible Use Multi-Family Residential
Special Listing Conditions None
Status Active
Directions From SR 512 exit S Steele St go south on S Steele St (turns into Spanaway Loop S). Turn L onto 120th St S to property on Right on the corner of 120th and Alaska St.
High School Buyer To Verify
City Tacoma
Senior Community Y/N N
High School District Franklin Pierce
Zoning Description Multi-Family Residential
Number Of Units Total 2
MLS Area 69 - Parkland
Lot Size Units Square Feet
Lot Size Square Feet 10000
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Conventional FHA VA Loan
Elementary School Buyer To Verify
Tax Annual Amount 4510
Electric Expense 0
Fuel Expense 0
Middle/Junior High School Buyer To Verify
Public Remarks Opportunity meets flexibility with this fully occupied duplex in the heart of Parkland! Whether you're an investor seeking strong cash flow or a first-time buyer looking to offset your mortgage by li
Leasable Area 1368
Structure Type Duplex
Building Area Units Square Feet
Standard Status Active
Amenities Storage
Water Company Parkland Light and Water
Units Below Grade false
Units In Building Total 2
Water Sewer Garbage 0
Property Style 52 - Duplex
Cap Rate 7
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Exterior
Exterior Amenities Brick Wood
Lot Features Corner Lot Paved
Water Source Public
Total Parking 4
Foundation Details Slab
Building Area Total 1368
Lot Size Acres 0.2296
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Fenced-Fully
Parking Uncovered Total 4
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Interior
Flooring Ceramic Tile Vinyl Carpet
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
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Internal Only
OriginalMLSID NWM2544777
Street Number 1 16421644
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* Excluded Features
List By
Davina L. Clardy

Listing Agent

John L. Scott Dupont

Broker

Affordability Calculator

$3,501
Per Month
89%
11%
0%
Monthly Principal & Interest
$3,125
Monthly Property Taxes
$376
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
3100539 Elementary School
3100737 Middle School
Buyer To Verify High School High School
Pricing History
DatePricePrice ChangeDescription
6/26/2026$495,000 Listed Price

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16421644 120th Street S, Tacoma, WA, 98444 is a Multi-Family Home for sale at $495,000 with 1,368 sqft and a lot size of 0.2296. 16421644 120th Street S is a studio with 0.0 baths and was built in 1956. The property's zip code is 98444 which is in Tacoma, WA