Stadium District Homes with 53 - Tri-plex Style

Welcome to the Stadium District, one of Tacoma, Washington's most vibrant and sought-after neighborhoods. Nestled between the stunning waterfront and the iconic Stadium High School, this area is rich in history and culture, making it a delightful place to call home. The Stadium District is characterized by its charming tree-lined streets, eclectic shops, and inviting cafes, creating a warm and welcoming atmosphere for residents and visitors alike.

When it comes to housing, the Stadium District offers a unique opportunity with its tri-plex style homes. Perfect for those seeking a blend of community and privacy, these tri-plex residences provide an ideal living arrangement for families, young professionals, or investors looking for rental opportunities. With spacious layouts, modern amenities, and the potential for multi-generational living, these homes are designed to meet a variety of lifestyle needs.

Living in the Stadium District means having access to some of Tacoma's finest attractions. Enjoy a leisurely stroll to Wright Park, where you can immerse yourself in nature or enjoy a picnic with friends. The neighborhood is also home to a thriving arts scene, with galleries, theaters, and live music venues just around the corner. Plus, with convenient access to public transportation and major highways, commuting to nearby cities is a breeze.

In the Stadium District, you'll find more than just a home; you'll discover a vibrant community filled with charm, convenience, and character. Embrace the opportunity to be part of this dynamic neighborhood and experience the best of Tacoma living!

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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