Stadium District Homes with 53 - Tri-plex Style

Welcome to the vibrant Stadium District of Tacoma, Washington, where historic charm meets modern convenience! Nestled in the heart of Pierce County, this neighborhood is renowned for its stunning views of Mount Rainier, tree-lined streets, and the iconic Stadium High School, which has become a local landmark. The Stadium District is not just a place to live; it’s a community that thrives on its rich history and lively atmosphere.

One of the most appealing aspects of the Stadium District is its eclectic mix of housing options, particularly the charming tri-plex style homes that grace this area. These unique properties offer a blend of comfort and versatility, making them perfect for families, investors, or those seeking a multi-generational living arrangement. With three separate units, tri-plex homes provide the opportunity for rental income while allowing you to enjoy the benefits of homeownership in this desirable neighborhood.

Residents of the Stadium District benefit from a plethora of local amenities, including trendy cafes, boutique shops, and lush parks, all within walking distance. The area is also well-connected to public transportation and major highways, making commuting to downtown Tacoma or Seattle a breeze.

Whether you’re drawn to the rich history, the stunning scenery, or the vibrant community spirit, the Stadium District offers a unique lifestyle that is hard to resist. Discover the charm of tri-plex living in this exceptional neighborhood, where every day feels like a new adventure waiting to unfold. Your dream home in the Stadium District awaits!

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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