Stadium District Homes with 53 - Tri-plex Style

Welcome to the vibrant Stadium District of Tacoma, Washington—a neighborhood that perfectly blends historic charm with modern conveniences. Nestled in the heart of Pierce County, this area is renowned for its stunning views, lush parks, and a rich tapestry of community life. The Stadium District is a haven for those who appreciate the arts, culture, and an active lifestyle, making it an ideal spot for families, professionals, and retirees alike.

One of the standout features of this neighborhood is its namesake, the iconic Stadium High School, a historic landmark that adds to the district's unique character. The area is dotted with delightful cafes, boutique shops, and a variety of dining options that cater to every palate. Residents can enjoy leisurely strolls along the waterfront or partake in outdoor activities at Wright Park, all while being just minutes away from downtown Tacoma's bustling atmosphere.

For those considering a move to this captivating neighborhood, the Stadium District offers a selection of tri-plex style homes that are perfect for both investors and homeowners seeking a multi-family living experience. These charming properties boast spacious layouts, contemporary amenities, and a sense of community that is hard to find elsewhere. Whether you're looking to rent out units or live in one while enjoying the benefits of additional income, these tri-plex homes provide an excellent opportunity.

Living in the Stadium District means embracing a lifestyle rich in culture, community, and convenience. With its picturesque streets and welcoming atmosphere, this neighborhood is not just a place to live—it's a place to thrive. Discover your dream home in the Stadium District today!

Newest Stadium District Homes with 53 - Tri-plex Style

$619,999

2562234 MLS ⋅ ACTIVE Status

Exceptional turnkey investment opportunity in the heart of Downtown Tacoma near Wright Park! Fully renovated, this property functions as a tri-plex while maintaining its legal duplex status, offering two spacious 3-bedroom units, plus a finished lower-level 2-bedroom unit for additional income potential. All three units have been extensively updated and are currently vacant, providing flexibility for investors seeking market rents or owner-occupants looking to offset their mortgage with rental income. Three separate electric meters allow tenants to pay their own electricity, helping reduce operating expenses. The property also offers outstanding future upside with potential to construct a Detached Accessory Dwelling Unit (DADU) in the rear yard, creating the opportunity for a 4th additional income-producing unit. A freshly improved backyard, alley access, and three dedicated parking spaces further enhance the property's functionality and appeal. Located amongst major hospitals, medical facilities, transit, the Tacoma Link light rail, downtown Tacoma, and major commuter routes, this is an ideal location for healthcare professionals, commuters, and long-term tenants alike. A rare opportunity to acquire a move-in-ready investment property with immediate cash flow potential and future development possibilities. Buyer to verify all redevelopment, zoning, and DADU potential. Approx. 11.6% cap rate, $84,000 gross annual income, and $7,000/month in rental income.

615 Martin Luther King Jr Way, Tacoma

Listing courtesy of 1 Percent Lists Tacoma.

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