602 108th Street South
Tacoma, WA 98444
$700,000
Price
6
Beds
3
Baths
2,390 Sq. Ft.
$293 / Sq. Ft.
2,390
Sq. Ft.
$293
per Sq. Ft.
Listed By Compass
Listed By Compass
Listing provided courtesy of COMPASS
Description
Discover an exceptional investment opportunity with this triplex situated on a spacious corner lot. This property features 3 distinct residences: the main house offers three bedrooms and one bathroom in 1,150 sf. The second home includes two bedrooms and one bathroom in 660 square feet, while the third unit features one bedroom and one bathroom across 550 square feet. All units come with in-unit laundry facilities, enhancing tenant convenience and increasing rental appeal. The large corner lot provides...Discover an exceptional investment opportunity with this triplex situated on a spacious corner lot. This property features 3 distinct residences: the main house offers three bedrooms and one bathroom in 1,150 sf. The second home includes two bedrooms and one bathroom in 660 square feet, while the third unit features one bedroom and one bathroom across 550 square feet. All units come with in-unit laundry facilities, enhancing tenant convenience and increasing rental appeal. The large corner lot provides a generous outdoor space, ideal for gatherings or future development potential. Don’t miss your chance to secure this unique asset with diverse rental income potential. Schedule a viewing today to explore the possibilities!
Listing Agents
![Lisa Le]()
lisa.le@compass.comP: (206)-734-9044
![Marius Ion]()
marius.ion@compass.comP: (425)-466-7876
Property Details for 602 108th Street South
Community Name
Parkland
School DistrictFranklin Pierce
Number of Assigned Spaces4
Total Covered Parking0
Entry Date10-17-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 10/18/2024 11:43 AM
Property Details for 602 108th Street South
| Status | Active |
|---|---|
| MLS # | 2302374 |
| Days on Market | 5 |
| Cumulative Days on Market | 5 |
| Taxes | $4,972 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1950 |
| Lot Size | 0.29 AC / 12,720 SF |
| County | Pierce County |
| Buyer's Agent Compensation | 2.5% |
Building Information for 602 108th Street South
Stories1Residences3Year Built1950Building Size-Lot Size0.29 AC / 12,720 SF
Property Information for 602 108th Street South
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Fenced-Partially, RV Parking
- Area: 63 - Parkland
- Block: 9
- Effective Year Built Source: Public Records
- Directions: From from WA-512 E, turn left onto WA-7 N and left onto 108th St - property will be on the left
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Parking Type: RV Parking
- Open Parking Spaces: 4.0
- Open Parking: Yes
- Parking Features: RV Parking
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: Yes
- Cooling: Forced Air
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Metal/Vinyl, Wood, Wood Products
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 9320
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Poured Concrete
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Public Records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1950
- Photos Count: 10
Lot Information
- Lot Details: Corner Lot, Dead End Street, Paved
- Lot Number: 22-26
- Lot Size Source: Public Records
- Parcel Number Free Text: 6260001030
- Building Condition: Fair
- Calculated Square Footage: 2390
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2390.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $1
- Total Expenses: 17295
- Gross Adjusted Income: 48258
- Gross Rent Multiplier: 10.7
- Gross Scheduled Income: $65,550
- Insurance Expense: $3,000
- Net Operating Income: $48,258
- Other Expenses: $1
- Total Monthly Income: 1
- Fuel Expense: $1
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 660
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 550
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 1150
- Bedrooms Unit 3: 3
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2390.0
- Leasable Area Units: Square Feet
Property History for 602 108th Street South
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 602 108th Street South
Taxable ValueLand$163,400Additions$267,800Total$431,200
Tax Record2024$4,935 ($411 / month)
Home Facts
Beds3Total Finished SqFt1,160 SqFtAbove Ground SqFt1,160 SqFtStories1Lot Size12,720 SqFtStyleSingle Family ResidenceYear Built1950Year Renovated1973ZoningMSFCountyPIERCEAPN6260001030
Schools near 602 108th Street South
This home is within Franklin Pierce School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 8 to 12 |
Rating | School | Distance |
|---|---|---|
James Sales Elementary School PublicK to 5 | ||
Perry G Keithley Middle School Public6 to 8 | ||
Washington High School Public9 to 12 | ||
Gates Secondary School Public8 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of COMPASS
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
