Rockhood
$500,000List price
5 bed · 2 bath · 1,384 sq ft
Active

1743 Lafayette Street S · Parkland, WA 98444

Source: NWMLS · Keller Williams Rty Tacoma · Inga Legkun #NWM2576601

About this home

INVESTOR ALERT! TURNKEY, CASH-FLOWING CO-LIVING OPPORTUNITY! Unique opportunity to own a fully furnished, operational co-living property with five bedrooms currently rented individually. Designed with convenience and efficiency in mind, the property offers an established setup for an investor seeking an income-producing residential asset. Each bedroom has its own lock, with a security system in place. Residents share a functional kitchen and two bathrooms-one located upstairs and shared by three bedrooms, with a second bathroom downstairs shared by two bedrooms. Assigned parking provides additional convenience, while the garage is currently utilized for storage and laundry. The property is supported by management software that helps streamline resident communication, maintenance requests, and rent payments, allowing many day-to-day tasks to be managed remotely from a phone. Furniture and appliances convey with the sale, providing a turnkey opportunity for the next owner. Whether you're looking to expand a rental portfolio or acquire an established co-living operation, this property offers a unique combination of furnishings, systems, and an income-producing setup.

Location

Basics

Property type
Single Family Residence
Style
Split Entry
Stories
Multi/split level
Year built
1984
Lot size
5,000 sq ft (0.11 acres)
County
Pierce
MLS #
NWM2576601

Interior

Heating
Baseboard
Cooling
Wall Unit(s)
Flooring
Laminate, Vinyl, Carpet
Appliances
Dishwasher, Dryer, Microwave, Refrigerator, Washer
Interior features
Bath Off Primary, Dbl Pane/Storm Window, Security System, Skylight(s)
Entry level
Split

Exterior & lot

Exterior features
Wood Products
Roof
Composition
Foundation
Poured Concrete
Lot features
Dead End Street
Topography
Partial Slope
View
Territorial
Waterfront
No

Parking

Parking spaces
1
Garage
Yes (attached)
Covered spaces
1
Parking features
Attached Garage

Utilities

Water
Public
Sewer
Available, Septic Tank
Power
Electric

Community & fees

Subdivision
Parkland
Property tax
$4,727 (2026)

Transaction

Original list price
$539,000 (7.2% price cut)
Listed on
Sep 1, 2026
Days on market
18
Price per sq ft
$361
Listing terms
Cash, Conventional, FHA, VA Loan
Possession
Closing, See Remarks, Subject To Tenant Rights

More homes nearby

Sale history

Earlier listings of this home on the MLS.

2022-11-01
Sold$405,000

Schools

School district: Franklin Pierce

High
Washington High School
SchoolDigger 1 star · Top 77% in WA

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Listing provided courtesy of: Keller Williams Rty Tacoma

Listing agent: Inga Legkun.

Based on information submitted to the MLS GRID as of . 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. IDX information provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Data last updated 2026-09-12.