Multi Family homes for sale & real estate in 98409, WA

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ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
Investor’s Dream in the Heart of Tacoma! Don’t miss this turnkey 4-plex offering strong rental income & modern updates throughout. Each unit has been refreshed with new contemporary laminate flooring, new hot water tanks, fresh interior paint, updated bathroom vanities, sleek white 6-panel doors, & crisp white modern trim for a clean, cohesive look tenants love. With three units renting at $1,700/month and one at $1,600/month, this property delivers reliable cash flow & low-maintenance appeal. Conveniently located near shopping, dining, transit, and freeway access—perfect for commuters or long-term tenants. Whether you’re expanding your portfolio or

$865,000

8 beds4 baths3,332 sq ft

4027 S Warner St, Tacoma, WA 98409

Modern updates • New hot water tanks • Turnkey 4-plex

Listing provided by NWMLS as Distributed by MLS Grid

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
Turnkey 4-plex in a prime Tacoma location with strong rental demand. The roof was replaced in 2020, and each unit has been updated after every vacancy, minimizing maintenance and maximizing appeal. Well-maintained with steady income and upside potential as rents continue to rise. Conveniently located near shopping, public transit, and major employers, ensuring consistent tenant interest. Ideal for investors seeking a clean, low-maintenance asset offering stability, growth potential, and reliable cash flow in a thriving rental market.

$725,000

8 beds4 baths2,800 sq ft

4515 S Puget Sound Ave, Tacoma, WA 98409

Public transit • Near shopping • Well-maintained

Listing provided by NWMLS as Distributed by MLS Grid

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
This duplex is 100% occupied and has a shared basement for landlord and tenant storage spaced at 1,064 sq. ft. The Duplex contains two units: - Unit 1 is a 2 bedroom, 1 bathroom, estimated at 1,000 sq. ft. This home has one occupant and one vehicle. This two bedroom has a sliding door to a covered patio bordering the green belt. - Unit 2 is a 3 bedroom, 1 bathroom, estimated at 1,006 sq. ft. This home currently has three occupants and two vehicles. This three bedroom has a sliding door to a wooden deck overlooking the back yard/green belt. Great opportunity for owner occupy or investor to update and increase rents.

$479,000

5 beds2 baths2,006 sq ft

2902 S Monroe St, Tacoma, WA 98409

Green belt • Covered patio • Wooden deck

Listing provided by NWMLS as Distributed by MLS Grid

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
Solid Tacoma 4-plex investment with recent renovations and strong current performance. The owner has completed major upgrades, including new water heaters, appliances, flooring, paint, and deck repairs. Based on 2025 YTD actuals with tenant utility reimbursements, the property is operating near a ~7.0% cap (~$62,800 NOI) at asking. With full occupancy and normalized expenses, stabilized projections fall in the 5–6% range. Strong rental corridor with $1,550–$1,650/unit market rents and long-term upside. Vacant unit offers owner-occupant potential or additional rental income.

$875,000

8 beds4 baths3,328 sq ft

5012 S 58th St, Tacoma, WA 98409

Recent renovations • New flooring • New paint

Listing provided by NWMLS as Distributed by MLS Grid

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
Rambler style 4-plex with each unit having 2 bedrooms, 1 bathroom and an outdoor storage area. Newer roof and updated interiors in 3 of 4 units. Quiet cul-de-sac location with quick access to I-5 and JBLM. Fenced back yard and plenty of off street parking!

$830,000

8 beds4 baths3,500 sq ft

5002 S 58th St, Tacoma, WA 98409

Quick access to i-5 • Fenced back yard • Newer roof

Listing provided by NWMLS as Distributed by MLS Grid

Property at 3303 S 64th St, Tacoma, WA 98409, 6 beds, 2.75 baths

$560,888

6 beds2.75 baths1,994 sq ft

3303 S 64th St, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 3508 S 45th, Tacoma, WA 98409, 4 beds, 2 baths

$529,995

4 beds2 baths1,848 sq ft

3508 S 45th, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 6602 S Madison St, Tacoma, WA 98409, 8 beds, 4 baths

$999,999

8 beds4 baths3,536 sq ft

6602 S Madison St, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 4328 S Lawrence St Unit A & B, Tacoma, WA 98409, 6 beds, 5 baths

$694,600

6 beds5 baths2,557 sq ft

4328 S Lawrence St Unit A & B, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 4336 4338 S Junett St, Tacoma, WA 98409, 4 beds, 2 baths

$500,000

4 beds2 baths1,600 sq ft

4336 4338 S Junett St, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 6401 S Pine St, Tacoma, WA 98409, 4 beds, 3 baths

$549,000

4 beds3 baths1,692 sq ft

6401 S Pine St, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 4019 S Puget Sound Ave, Tacoma, WA 98409, 30 beds, 25 baths

$2,995,000

30 beds25 baths13,010 sq ft

4019 S Puget Sound Ave, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 6604 S Madison St, Tacoma, WA 98409, 4 beds, 2 baths

$510,000

4 beds2 baths1,768 sq ft

6604 S Madison St, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 3902 Mason Loop Rd, Tacoma, WA 98409, 8 beds, 4 baths

$840,000

8 beds4 baths3,248 sq ft

3902 Mason Loop Rd, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

Property at 6610 S Madison St, Tacoma, WA 98409, 4 beds, 2 baths

$510,000

4 beds2 baths1,768 sq ft

6610 S Madison St, Tacoma, WA 98409

Listing provided by NWMLS as Distributed by MLS Grid

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ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
Investor alert, 7% cap rate on a turn key, low maintenance rental, existing house, rehabbed in 2019 and 2 year old DADU, both are 2 bed 1 bath with washers and dryers, utilities are metered separately and tenants pay bill directly. Current leases signed through August and September of 2026. Potential to condo and sell separately.

$550,000

4 beds2 baths1,517 sq ft

5225 S J St, Tacoma, WA 98408

4,697 sq ft lot • Somewhat walkable

Listing provided by NWMLS as Distributed by MLS Grid

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
Updated duplex- perfect for the next investment!! Conveniently located near downtown, hospitals and easy freeway access. The spacious lower unit offers 3 bedrooms, 1.5 and 1200stft- Vacant and ready for a new tenant or owner occupant. The upper unit features 3 bedrooms, 1.5 baths and 800 sqft. Stylish finishes include crisp white millwork and durable hardleplank siding. Don't miss this incredible opportunity.

$686,000

5 beds3 baths2,144 sq ft

1610 S 23rd St, Tacoma, WA 98405

6,107 sq ft lot • Car-dependent

Listing provided by NWMLS as Distributed by MLS Grid

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
INVESTORS OR OWNER-OCCUPANTS! Don’t miss this South Tacoma side-by-side duplex—each unit offers 2 beds & 1 bath with a large open floor plan, bright living rooms, galley kitchens opening to dining nooks, and laundry/mud rooms leading to spacious decks and yard. Unit 1408 was fully renovated in 2015 with new electrical, plumbing, cabinets, flooring, lighting, paint & driveway. Unit 1410 was just completed—both units are fully remodeled with new panels, meters, riser & weather head. Unit 1410 is Brand New! Quartz and featuring stainless appliances, Flooring. Detached 2-car garage, fenced yard & spacious 9,000 SF NR2 lot—DADU or new build potenti

$548,700

4 beds2 baths1,724 sq ft

1408 1410 S 39th St, Tacoma, WA 98418

9,000 sq ft lot • Very walkable

Listing provided by NWMLS as Distributed by MLS Grid

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
The Chandler Street Apartments features eight 1-bedroom/1-bath units, which have been updated with new LVP hardwood flooring, kitchen countertops, and bath cabinetry. Exterior improvements include new paint, repaved and striped parking lot, and secure gated entry. The property is 100% occupied with low turnover, offering income stability and a current 5.79% cap rate with upside to 6.54%. Tenants enjoy on-site laundry, storage, and off-street parking. Centrally located near I-5, SR-16, transit, shopping, and dining.

$1,479,999

8 beds8 baths4,608 sq ft

3332 Chandler St Unit 1-8, Tacoma, WA 98418

8,250 sq ft lot • Car-dependent

Listing provided by NWMLS as Distributed by MLS Grid

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
6.19% Cap Rate | 3841 S Park Ave is a well-maintained, single-story 6-unit apartment building. Originally built in 1950 and fully renovated in 2020, the property features a low-maintenance brick façade, double-paned vinyl windows, metal entry doors, and a composition shingle roof replaced in 2020. The unit mix includes two two-bedroom/one-bath apartments and four one-bedroom/one-bath apartments, averaging 750 square feet and 550 square feet, respectively. All six units have been comprehensively renovated within the last five years with luxury vinyl plank flooring, white shaker cabinetry, new appliances, granite countertops, and LED lighting fixtures.

$1,050,000

8 beds6 baths3,700 sq ft

3841 S Park Ave, Tacoma, WA 98418

9,583 sq ft lot • Very walkable

Listing provided by NWMLS as Distributed by MLS Grid

NEW CONSTRUCTION

ABOUT THIS HOME
Multi Family Home for sale in 98409, WA:
New Construction 12 unit currently being leased. All 2 bed, 2 bath units with high end cabinets, quartz counters throughout, LVP flooring & HP Mini Split units for efficient Heat/AC. Great location convenient to the freeway, grocery stores, public transportation and more. 15 parking spaces designated for tenants. Great opportunity!

$3,750,000

24 beds24 baths11,763 sq ft

6400 Pacific Ave, Tacoma, WA 98408

0.4 acre lot • Somewhat walkable

Listing provided by NWMLS as Distributed by MLS Grid

Property at 5241 S M St Unit 1-2, Tacoma, WA 98408, 4 beds, 2 baths

$485,000

4 beds2 baths1,605 sq ft

5241 S M St Unit 1-2, Tacoma, WA 98408

Listing provided by NWMLS as Distributed by MLS Grid

Property at 1561 1563 S 35th St, Tacoma, WA 98418, 4 beds, 2 baths

$499,950

4 beds2 baths1,281 sq ft

1561 1563 S 35th St, Tacoma, WA 98418

Listing provided by NWMLS as Distributed by MLS Grid

Property at 3827 S K St, Tacoma, WA 98418, 6 beds, 3.5 baths

$740,000

6 beds3.5 baths3,120 sq ft

3827 S K St, Tacoma, WA 98418

Listing provided by NWMLS as Distributed by MLS Grid

Property at 7330 S Wilkeson St Unit 1-4, Tacoma, WA 98408, 8 beds, 4 baths

$855,000

8 beds4 baths3,312 sq ft

7330 S Wilkeson St Unit 1-4, Tacoma, WA 98408

Listing provided by NWMLS as Distributed by MLS Grid

Property at 4309 Tacoma Ave S Unit 1,2, Tacoma, WA 98418, 5 beds, 2 baths

$540,000

5 beds2 baths2,612 sq ft

4309 Tacoma Ave S Unit 1,2, Tacoma, WA 98418

Listing provided by NWMLS as Distributed by MLS Grid

Property at 5416 S M St, Tacoma, WA 98408, 6 baths

$4,150,000

— beds6 baths12,672 sq ft

5416 S M St, Tacoma, WA 98408

Listing provided by NWMLS as Distributed by MLS Grid

Property at 301 S 82nd St, Tacoma, WA 98408, 13 beds, 9 baths

$1,750,000

13 beds9 baths6,696 sq ft

301 S 82nd St, Tacoma, WA 98408

Listing provided by NWMLS as Distributed by MLS Grid

Property at 7519 Grange St W, Lakewood, WA 98499, 24 beds, 24 baths

$4,800,000

24 beds24 baths13,216 sq ft

7519 Grange St W, Lakewood, WA 98499

Listing provided by NWMLS as Distributed by MLS Grid

Property at 234 S 70th St Unit 1-5, Tacoma, WA 98408, 10 beds, 12.5 baths

$2,260,000

10 beds12.5 baths5,860 sq ft

234 S 70th St Unit 1-5, Tacoma, WA 98408

Listing provided by NWMLS as Distributed by MLS Grid

Property at 1738 S 82nd St, Tacoma, WA 98408

$830,000

— beds— baths3,436 sq ft

1738 S 82nd St, Tacoma, WA 98408

Listing provided by NWMLS as Distributed by MLS Grid

Property at 8632 A St, Tacoma, WA 98444, 5 beds, 4 baths

$5,500,000

5 beds4 baths13,321 sq ft

8632 A St, Tacoma, WA 98444

Listing provided by NWMLS as Distributed by MLS Grid

Property at 7603 Pacific Ave, Tacoma, WA 98408, 30 beds, 21 baths

$3,700,000

30 beds21 baths14,071 sq ft

7603 Pacific Ave, Tacoma, WA 98408

Listing provided by NWMLS as Distributed by MLS Grid

Property at 8040 Pacific Ave, Tacoma, WA 98408, 4 baths

$599,995

— beds4 baths2,440 sq ft

8040 Pacific Ave, Tacoma, WA 98408

Listing provided by NWMLS as Distributed by MLS Grid

Property at 4537 S G St Unit A & B, Tacoma, WA 98418, 2 beds, 2 baths

$479,000

2 beds2 baths1,350 sq ft

4537 S G St Unit A & B, Tacoma, WA 98418

Listing provided by NWMLS as Distributed by MLS Grid

Based on information submitted to the MLS GRID as of Tue Nov 11 2025. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.

Multi Family Homes for Sale in 98409

There are currently 15 multi family homes for sale in 98409 at a median listing price of $575K. Some of these homes are "Hot Homes," meaning they're likely to sell quickly. Most homes for sale in 98409 stay on the market for 117 days and receive 1 offers. This map is refreshed with the newest listings in 98409 every 15 minutes.

In the past month, 19 homes have been sold in 98409. In addition to houses in 98409, there were also 3 condos, 3 townhouses, and 15 multi-family units for sale in 98409 last month. 98409 is a moderately walkable zip code in Pierce County with a Walk Score of 52. 98409 is home to approximately 23,036 people and 18,961 jobs. Find your dream home in 98409 using the tools above. Use filters to narrow your search by price, square feet, beds, and baths to find homes that fit your criteria. Our top-rated real estate agents in 98409 are local experts and are ready to answer your questions about properties, neighborhoods, schools, and the newest listings for sale in 98409. If you're looking to sell your home in the 98409 area, our listing agents can help you get the best price. Redfin is redefining real estate and the home buying process in 98409 with industry-leading technology, full-service agents, and lower fees that provide a better value for Redfin buyers and sellers.

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