Positioned in a desirable South Tacoma location within unincorporated Pierce County, this tastefully updated duplex offers a rare blend of immediate cash flow and long-term development upside. Each unit generates approximately $1,700/month in reliable rental income, making this an attractive turnkey investment with strong in-place returns. The property has been thoughtfully upgraded with modern, higher-end finishes that appeal to quality tenants, helping ensure consistent occupancy and rental stability. What truly sets this property apart is its Urban Corridor (UC) zoning designation, opening the door to a wide range of future development possibilities. UC zoning is intended to support higher-density residential and mixed-use projects, allowing for potential redevelopment into multi-family housing, townhomes, or even a mixed-use building with commercial space on the ground level and residential units above (buyer to verify with Pierce County). This creates a compelling opportunity for investors and developers alike to capitalize on the area’s continued growth and demand for housing. Whether you choose to hold and enjoy steady income, or plan for a future redevelopment project, this property offers flexibility, strong fundamentals, and upside potential in a growing corridor. Opportunities like thiscombining current performance with forward-looking potentialare increasingly hard to find.
| MLS # | 2512903 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 130 |
| Listing Provided By | Triwood Realty | David Joiner |
| SQ Feet | 1,176 |
|---|---|
| Garage | 2 |
| Story(s) | 1 |
| Units | 2 |
| Zoning | See Remarks |
| Acreage | 0.34 |
| Property | 4791 |
|---|
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98444 |
| Area | 64 Parkland | Midland |
| Community Name | Larchmont |
| Listing VS Median (in Larchmont) | |
Price: $629,000 low | high Med: $674,450 sqft: 1,176 low | high Med: 2,424 $ / sqft: $535 low | high Med: $281 On site: 130 low | high Med: 55.5 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98444 |
| Area | 64 Parkland | Midland |
| Community Name | Larchmont |
| Listing VS Median (in Larchmont) | |
Price: $629,000 low | high Med: $674,450 sqft: 1,176 low | high Med: 2,424 $ / sqft: $535 low | high Med: $281 On site: 130 low | high Med: 55.5 | |
![]() | $419,9509420 S D St B 2Tacoma, WA 98444 |
![]() | $419,9509420 S D St 2Tacoma, WA 98444 |