7374 S Alaska Street, Tacoma, WA 98408

Tacoma
Local realty services provided by:ERA Skyview Realty
Listed by: michael haas
Office: compass
MLS#:2588374
Source:NWMLS
7374 S Alaska Street,Tacoma, WA 98408
$575,000
  • - Beds
  • - Baths
  • 2,960 sq. ft.
  • Multi-family
  • Active

Price summary

  • Price:$575,000
  • Price per sq. ft.:$194.26

About this home

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...

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Home facts

  • Year built:1961
  • Subdivision & Development:South Tacoma
  • Listing ID #:2588374
  • Updated:October 28, 2026 at 12:01 PM

Rooms and interior

  • Living area:2,960 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Composition
  • Year built:1961
  • Building area:2,960 sq. ft.
  • Lot area:0.18 Acres
  • Lot Features:Corner, Curbed Lot, Paved, Sidewalk
  • Construction Materials:Wood Exterior Finish
  • Exterior Features:Fenced-Fully, Patio

Schools

  • High school:Mt Tahoma
  • Middle school:Baker
  • Elementary school:Birney

Utilities

  • Water:Public
  • Sewer:Sewer Connected

Finances and disclosures

  • Price:$575,000
  • Price per sq. ft.:$194.26
  • Tax amount:$6,060 (2026)

Features and amenities

  • Amenities:Cable TV

Parking

  • Total parking spaces:7
  • Garage:Yes
  • Garage spaces:4
  • Carport spaces:4
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