Stadium District Homes with 53 - Tri-plex Style

Welcome to the vibrant Stadium District of Tacoma, Washington, where charming neighborhoods meet urban sophistication. Nestled in Pierce County, this area is renowned for its rich history, picturesque streets, and a strong sense of community. The Stadium District is home to the iconic Stadium High School, a stunning architectural gem that adds to the district's character. With its close proximity to downtown Tacoma, residents enjoy easy access to a plethora of dining, shopping, and entertainment options, making it a perfect blend of convenience and charm.

One of the standout features of the Stadium District is its diverse housing options, particularly the tri-plex style homes that cater to a variety of lifestyles. These thoughtfully designed residences offer a unique living experience, allowing for both privacy and community. Ideal for families, young professionals, or investors, tri-plex homes provide a blend of comfort and flexibility. Imagine living in a beautifully maintained property with multiple units, where you can enjoy the benefits of homeownership while potentially generating rental income.

The neighborhood’s tree-lined streets are perfect for leisurely strolls, and the nearby parks offer a serene escape for outdoor enthusiasts. With a strong sense of community, residents often come together for local events, fostering a friendly atmosphere that welcomes newcomers with open arms. Whether you’re looking to invest, downsize, or find your forever home, the Stadium District’s tri-plex style homes present an incredible opportunity to be part of a thriving Tacoma community. Come explore the charm of this enchanting neighborhood and discover your next home 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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