7374 S Alaska Street, Tacoma, WA 98408

$575,000
8
BD
3
BA
2,960
SqFt

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Listing Broker: COMPASS; Michael Haas; 408-439-7873; Michael.Haas@compass.com

List Price
$575,000
Status
ACTIVE
MLS#
2594670
Days on Market
0
Bedrooms
8
Finished SqFt
2,960
Area Total SqFt
2960
Annual Tax Ammount
6060.16
Lot Size (sq ft)
7,850
Sewer
Sewer Connected

Property Description

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!

Additional Information

Community
South Tacoma
Style
12 - 2 Story
Basement
None
Year Built
1961
Total Covered Parking
4
View
Territorial
Roof
Composition
Site Features
Cable TV, Fenced-Fully, Patio
Tax Year
2026
School District
Tacoma
Elementary School
Birney
Middle School
Baker
High School
Mt Tahoma
Potential Terms
Cash, Conventional
Driving Directions
I-5 Exit 129 to East on 72nd Street, Right on Alaska St, Corner of Alaska and 76th Street
Energy Source
Electric, Natural Gas, Wood
Based on information submitted to the MLS GRID as of . 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.
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