$602,000
Listed at $624,9507 bd•3 ba•2,970 sq ft
1516 Lafayette Street S, Tacoma, WA 98444
• Listed 2026-05-22
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Based on information submitted to the MLS GRID as of July 6, 2026 at 03:43pm (date and time MLS GRID Data was obtained). 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.
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Beautifully updated split-level home offering a rare and flexible living opportunity! This is a single-family residence (not a multifamily property) currently configured with 3 separate living areas, making it ideal for owner-occupants, investors, nurses, or long/short-term rental potential. Excellent opportunity to live in one unit while generating income from the others. Conveniently located near PLU, shopping, dining, and easy freeway access. Property features exterior updates including newer Hardi-panel siding, newer windows, doors, plumbing fixtures, and electrical fixtures. Fully fenced with ample parking and an outbuilding for additional storage. No HOAUnit A (upper/front) offers 3 bedrooms, 1 bath, spacious living room, laminate flooring, electric fireplace, LED lighting, large kitchen, metal railings, laundry room, and all appliances including washer/dryer. Occupied with lease through Feb 2027 at $2,300/month.Unit B (lower/front) is vacant and recently renovated with 2 bedrooms, 1 bath, living room, electric fireplace, updated kitchen and bath, new windows, mini-split A/C, washer/dryer, and all appliances. Estimated rent $2,300/month.Unit C (side/back entrance) features kitchen, dining area, 1 main-level bedroom, upper-level bedroom and bath, laundry room, and great overall condition. Occupied month-to-month at $1,800/month. Showing of occupied units after mutual acceptance.
Listed by Marianna N Mikshanskiy • John L. Scott, Inc.
Listing updated: July 6, 2026 at 03:43pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2528587
Open houses
No upcoming open houses scheduled for this property.
$603,000
+$1,000 over list price
Nearby comparable homes
RexMont uses 5 strongest recent nearby sales, priced between $525K and $700K.
Rental earnings
$1,800/mo
Screening estimate from the comp-supported value. Verify with rent comps before underwriting.
$602,000Last sold price
1516 Lafayette Street S, Tacoma, WA 98444
$534,650Last sold price
1510 Violet Meadow Street S, Tacoma, WA 98444
Estimate is a comp-supported screen, not an appraisal or broker price opinion. Ask RexMont for a property-specific pricing review before writing or accepting an offer.
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Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Many homes get multiple offers, some with waived contingencies.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 16 days.
$372,500 Sold
3 weeks ago
3 bd•2 ba•~1,104 sq ft•Single Family
10715 9th Avenue Ct S, Tacoma, WA 98444
1%
Over list
—
Days on market
0.5 mi
Distance
$480,000 Sold
4 weeks ago
3 bd•0.5 ba•~1,920 sq ft•Single Family
10101 Ainsworth Ave S, Tacoma, WA 98444
4%
Under list
—
Days on market
0.7 mi
Distance
$315,000 Sold
5 weeks ago
4 bd•2.5 ba•~1,050 sq ft•Single Family
10228 Alaska Street S, Tacoma, WA 98444
0%
Under list
—
Days on market
0.7 mi
Distance
$1,125,000 Sold
8 weeks ago
•Single Family
313 311, Tacoma, WA 98444
6%
Under list
—
Days on market
0.9 mi
Distance
$419,000 Sold
2 months ago
3 bd•2 ba•~1,392 sq ft•Single Family
860 111th Street S, Tacoma, WA 98444
2%
Under list
—
Days on market
0.4 mi
Distance
Closed sales from MLS GRID / NWMLS within the past 6 months, matched on property type and within 1 mile. Comps approximate.
Want a deeper read on this market?
Ask a RexMont agentMarket data from MLS GRID / NWMLS · Updated Jul 2026
Franklin Pierce School District
Assigned schools for this property per the listing's MLS data. School district boundaries change — verify the exact assigned schools with the district before purchasing.
