7374 S Alaska Street · Tacoma, WA 98408
Source: NWMLS · COMPASS · Michael Haas #NWM2594670
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!
Location
Basics
- Property type
- Single Family Residence
- Style
- 2 Story
- Stories
- 2 stories
- Year built
- 1961
- Lot size
- 7,850 sq ft (0.18 acres)
- County
- Pierce
- MLS #
- NWM2594670
Interior
- Heating
- Forced Air
- Cooling
- None
Exterior & lot
- Exterior features
- Wood
- Roof
- Composition
- Foundation
- Poured Concrete
- Lot features
- Corner Lot, Curbs, Paved, Sidewalk
- View
- Territorial
- Waterfront
- No
Parking
- Parking spaces
- 7
- Garage
- Yes
- Covered spaces
- 4
- Parking features
- Detached Garage
Utilities
- Water
- Public
- Sewer
- Sewer Connected
- Power
- Electric, Natural Gas, Wood
Community & fees
- Subdivision
- South Tacoma
- Property tax
- $6,060 (2026)
Transaction
- Listed on
- Oct 14, 2026
- Days active
- 9
- Price per sq ft
- $194
- Listing terms
- Cash, Conventional
- Possession
- Closing, Subject To Tenant Rights
More homes nearby
Sale history
Earlier listings of this home on the MLS.
- 2026-10-09
- Active$575,000
- 2017-10-27
- Sold$274,500
- 2002-06-21
- Sold$164,500
Schools
School district: Tacoma
- Elementary
- Birney
- Middle
- Baker
- High
- Mount Tahoma High SchoolSchoolDigger 1 star · Top 87% in WA
Listing provided courtesy of: COMPASS
Listing agent: Michael Haas.
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 2026-10-15.