
Turnkey 3-Unit STR/MTR in Old Town Tacoma, Wa
Rare 3-Unit Gem with Solid Occupancy in North Tacoma’s classic Old Town neighborhood
Marketing description
Discover this rare, turnkey 3-unit gem in North Tacoma’s classic Old Town neighborhood, surrounded by $1M+ homes. The views of Commencement Bay & Vashon Island from both front units are stunning. The property currently operates as year round short- & mid-term rentals (STR/MTR) & can be delivered fully furnished. This property perfectly blends lifestyle luxury with strong income potential, making it ideal for STR/MTR investors. Alternatively, it's perfect for owner-occupants seeking a smart house-hack or multi-generational living setup. Live in one unit while generating income from the others. This location features a stacked duplex with mirrored 2bd/2.5ba units up front includes full w/d & each bedroom has a private bath suite. New $18k ductless mini-split heat/AC for Unit B in 2026. The 3rd unit is a DADU studio under the garage off the alley. New composite deck in 2025. Located in a vibrant area near Ruston's waterfront, amenities, parks, and attractions, yet tucked into an upscale enclave. This 3-unit property is a low-maintenance, high-reward opportunity in a market where quality multifamily with unobstructed views are scarce. The sellers have truly loved owning this gorgeous & stylish property. Their time to scale back is your golden opportunity to continue its operation or make it your own. Don’t miss this chance to own a beautiful, income-generating property in one of Tacoma’s best locations! Additional details & financials available to serious inquiries only.
Investment highlights
This is a great house-hack opportunity or a luxury property to add to your portfolio. Current owners have operated this property since February 2020. Operated mostly as a STR/MTR, but temporarily pivoted to all LTR units during COVID, and even then stayed in the black. Open to selling the full LLC and/or transferring reviews where possible. It's a gorgeous property with very consistent bookings for all three units.
2024: Rev $177k, NOI $100k
2025: Rev $165k, NOI $76k
YTD 2026 gross rent avg $14k/mo.
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