$575,000
Est. $3,185/mo2,960 sq ft
7374 S Alaska Street, Tacoma, WA 98408
• Listed Oct 14, 2026•6 days active · 6 cumulative
Listing Broker: COMPASS; Michael Haas; 408-439-7873; Michael.Haas@compass.com
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Listing Broker: COMPASS; Michael Haas; 408-439-7873; Michael.Haas@compass.com
About this home
They said the "1% Rule" was impossible - but this Tacoma rental delivers! This income-producing property sits on a spacious corner lot with an oversized 720 SF detached garage for parking & storage, equipped with its own electrical service panel & meter. Flexible room-rental configuration with 8 furnished rooms, 3 bathrooms, 8 individual mini fridges, and a common area with kitchen & washer/dryer. Sold fully furnished, mostly occupied & systemized for immediate cashflow! Renovated for longevity with a new 30-year Pabco Premier roof, sheeting, gutters, exterior siding & paint in 2024, plus new hot & cold water lines in 2026 and a recently replaced water heater. A property with substantial updates, functional living spaces, parking & lots of potential. Conveniently located near Wapato Park, I-5, transit, shopping, fitness, dining & JBLM. Investments like this don't come often - ask the listing agent for ROI spreadsheets showing over $875 in monthly cashflow after conservative accounting for vacancy, reserves & actual expenses!
Listed by Michael Haas • COMPASS
Listing updated: October 14, 2026 at 03:58pm
RexMont checked: moments ago
Source: NWMLS as Distributed by MLS Grid #2588374
Around this home
How much should you offer?
7374 S Alaska Street, Tacoma, WA 98408
Source:RexMont analysis of Northwest MLS sales data for this ZIP code plus third-party market data (RentCast). The estimates are RexMont's, not Northwest MLS listing data.
Estimates only and not guaranteed. Consult a RexMont agent for accurate, personalized guidance before making an offer. RexMont OfferEdge™ · © 2026 RexMont Real Estate. Proprietary tool.
Property details
Layout
- 5-9 Units
- 720 sq ft garage
Heating & cooling
- Forced Air heating
- None cooling
Schools
Ratings via SchoolDiggerTacoma School District
- BirneyPublic · Grades Elementary—
- BakerPublic · Grades Middle—
- Mt TahomaPublic · Grades High—
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.
Multi-family facts
As entered by the listing broker on Northwest MLS
Units
- Total units
- 8
- Units in building
- 8
- Units below grade
- false
- Building square feet
- 2,960 sq ft
Income & expenses
- Gross scheduled income
- $68,580
- Total monthly income
- $5,715
- Gross adjusted income
- $65,151
- Net operating income
- $50,477
- Cap rate
- 9.03%
- Gross rent multiplier
- 8.38
- Vacancy rate
- 5%
- Total expenses
- $14,674
- Insurance
- $1,087
- Water / sewer / garbage paid by
- 7527
Parking & storage
- Parking spaces
- 7
- Uncovered parking
- 3
- Covered spaces
- 4
Taxes & assessment
- Annual taxes
- $6,060
- Tax year
- 2026
- Financing
- Cash, Conventional
Neighborhood mobility
Doorstep, Pedal & Station Scores
Three RexMont scores for this exact address: what is on foot, what is by bike, and what rides past the door.
Ground Truth™
The ground, the slope, the flood zone and the noise at this address
Read from public hazard, flood, terrain and noise maps for this exact home.
Address Insider™
The members' report
Commute, transit, zoning and ADU potential, internet providers and the lifestyle around the home: the nearest grocery, coffee, park, services and transit stop. One free registration opens every home on rexmont.com.
Opens with the report above.
Sales & Tax Records for 7374 S Alaska Street
NWMLS via MLS Grid · Pierce County AssessorEvery listing, pending, price change and closing filed on this home with the NWMLS, the county’s recorded sales, and its assessed values by tax year.
- Oct 14, 2026ListedNWMLS via MLS Grid · #2594670$575,000$194/sq ft
- Oct 9, 2026ListedNWMLS via MLS Grid · #2588374$575,000$194/sq ft
- Oct 27, 2017SoldNWMLS via MLS Grid · #1142821$274,500$93/sq ft
- Sep 27, 2017PendingNWMLS via MLS Grid · #1142821$289,000$98/sq ft
- Jun 13, 2017ListedNWMLS via MLS Grid · #1142821$289,000$98/sq ft
- Aug 10, 2005Recorded salePierce County recorder · Statutory warranty deed$230,000$78/sq ft
Down payment assistance
6 programs may be available to provide you with up to $55,000 in down payment assistance, depending on your specific information.
Source: program list compiled by RexMont from ARCH (A Regional Coalition for Housing) member-jurisdiction information. This is not Northwest MLS listing data.
Mortgage payment forecast
$3,834 per month
Great rateTakes about 5 minutes & won't affect your credit
Get pre-approvedSource: RexMont estimate, not Northwest MLS listing data. Interest rates from Freddie Mac's Primary Mortgage Market Survey via FRED (Federal Reserve Bank of St. Louis). Property tax and HOA dues from the NWMLS listing where provided, otherwise estimated; insurance estimated at 0.3% of price per year.
Estimate only. Actual payment depends on credit, lender, and program. PMI not included for down payments below 20%.
Ask about this home
A licensed RexMont broker will get back to you, usually in under 5 minutes during business hours.
Listing Broker: COMPASS; Michael Haas; 408-439-7873; Michael.Haas@compass.com
Market pulse
Tacoma is a seller's market.
Inventory is low and competition is high. Sellers have more negotiating power.
Offer insight: Well-priced homes draw multiple offers; others sell close to asking.
List to sale price: The average home sells very close to list price.
Time on market: The average home goes pending in around 50 days.
Recent sales nearby
Within 1 mile · last 6 months$350,000 Sold
3 weeks ago
4 bd•2 ba•~1,340 sq ft•Single Family
1016 S 72nd, Tacoma, WA 98408
0%
Over list
48
Days on market
0.5 mi
Distance
$345,000 Sold
3 weeks ago
3 bd•1.75 ba•~1,722 sq ft•Single Family
7043 Tacoma Avenue S, Tacoma, WA 98408
17%
Over list
22
Days on market
0.9 mi
Distance
$350,000 Sold
3 weeks ago
3 bd•1 ba•~985 sq ft•Single Family
7801 S K Street, Tacoma, WA 98408
0%
Over list
223
Days on market
0.5 mi
Distance
$391,000 Sold
3 weeks ago
2 bd•1 ba•~720 sq ft•Single Family
7223 S Park Avenue, Tacoma, WA 98408
3%
Over list
74
Days on market
0.8 mi
Distance
$537,000 Sold
3 weeks ago
4 bd•2.5 ba•~1,729 sq ft•Single Family
1034 S 74th Street, Tacoma, WA 98408
2%
Under list
8
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 Oct 2026
Information and statistics derived from Northwest Multiple Listing Service. Source: Northwest Multiple Listing Service, as distributed by MLS GRID.
MLS GRID Disclaimer
Based on information submitted to the MLS GRID as of October 20, 2026 at 8:29 AM PT (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.
Listing information courtesy of Northwest Multiple Listing Service (NWMLS). The listing data relating to real estate for sale on this web site comes in part from the Northwest Multiple Listing Service. Real estate listings held by brokerage firms other than RexMont Real Estate are marked with the “Listing courtesy of NWMLS” designation. Information provided is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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© 2026 Northwest Multiple Listing Service. All rights reserved.
HO
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