About 602 S 108th Street
Seize an exceptional investment opportunity with this fully occupied triplex, currently operating as transitional housing and generating an impressive $43,661 in annual NOI. Situated on a large corner lot, the property features three standalone units: a 3-bed/1-bath unit (1,150 SF), a 2-bed/1-bath unit (660 SF), and a 1-bed/1-bath unit (550 SF). The spacious lot provides generous outdoor space, ideal for tenant gatherings, recreational use, or potential future development with an appealing NMSF zoning. With stable occupancy and mission-aligned operations in place, this is a rare chance to acquire a high-performing, socially impactful asset offering reliable income and long-term potential.
Features of 602 S 108th Street
| MLS® # | 2339341 |
|---|---|
| List Price | $700,000 |
| Sale Price | $650,000 |
| Price Per SqFt | $272 |
| Bathrooms | 0.00 |
| Square Footage | 2,390 |
| Acres | 0.29 |
| Year Built | 1950 |
| Type | Income |
| Sub-Type | Multi Family |
| Status | Sold |
Community Information
| Address | 602 S 108th Street |
|---|---|
| Area | 63 - Parkland |
| Subdivision | Parkland |
| City | Tacoma |
| County | Pierce |
| State | WA |
| Zip Code | 98444 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Parking | RV Parking |
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 1 |
Exterior
| Exterior Features | Metal/Vinyl, Wood, Wood Products |
|---|---|
| Lot Description | Corner Lot, Dead End Street, Paved |
| Foundation | Poured Concrete |
School Information
| District | Franklin Pierce |
|---|
Additional Information
| Days on Market | 131 |
|---|---|
| Cumulative Days on Market | 131 |
| Days on Website | 51 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |