Courtesy of 1 Percent Lists Tacoma and NWMLSNWMLS

OverviewEstate Overview - $795,000Closed

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1027 E 47th Street,

Tacoma, WA 98404

Turn-key Owner-Occupy Opportunity - Live in your own detached cottage while collecting rental income on site! This property consists of a triplex in the main house plus a separate DADU cottage at the rear of the lot, creating an ideal house-hack setup where you can live privately while your rentals help offset the mortgage.The main house includes three units total: the lower level is Unit A, a spacious 3-bedroom/1-bath and the largest unit, while the upper level contains Unit B, a studio apartment, and Unit C, a 1-bedroom/1-bath apartment.The fourth unit, Unit D, is a 1-bedroom/1-bath + office DADU cottage with its own private fenced yard, fully separate from the main house.Entire property is fenced with alley access, keeping living areas and parking set back from street traffic.Unit B is newly furnished and ready for mid-term or furnished tenancy.The property has successfully operated as long-term, mid-term, and short-term rentals, offering flexibility for future ownership.The basement features approximately 9-foot ceilings with partial finish & storage rooms.Extensive improvements include full DADU remodel, updated units, newer appliances, new roof and gutters in 2024, tankless hot water system, full electrical replacement, new concrete, new front deck, and recent interior and exterior paint.Current income totals $6,700/month or $80,400/year with NOI of $64,827, 8.15% cap rate, GRM of 9.89, and annual expenses of approx...See More

  • 0 Beds
  • 0 Baths
  • 2724 Sqft
  • Residential Income

OverviewListing Details

Status:Closed
Original Listing Price: $ 848,000
Listing Date: 07/30/2025
Days on dealty:Was on Dealty for 231 days
County:Pierce
MLS Type:NWMLSNWMLS
Built In:1912
Has HOA:No
Status Change Date:March 18, 2026
Pool:No
Cumulative Days on market:116 days
Last Updated:04/19/2026, 12:01:53 AM
*Please Contact Lister for more information.

FeaturesProperty Features

Design
  • Property subtype: Multi Family
  • Construction materials: Metal/Vinyl
  • Roof: Composition
Flooring
  • Ceramic Tile
  • Vinyl
  • Vinyl Plank
  • Carpet
Interior Spaces
  • Appliances: Tankless Water Heater
Bedrooms & Bathrooms
  • 0 - Bedrooms
  • 0 - Bathrooms
Exteriors
  • Exterior features: Metal/Vinyl,
  • View: Mountains, Partial, Territorial
Lot Details
  • Lot size: 0.1435 Acres / 6250 Square feet

AmenitiesAmenities

Utilities
  • Cooling - None
  • Heating - Baseboard, Forced Air, Wall Furnace
Laundry
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Parking
  • Parking Features: RV Parking

HOAHOA & Financial

Primary HOA
    No
Second HOA
    No
Third HOA
    No

OverviewOpen House

* There are no open house dates scheduled at this time. Please reach out to the lister for an in person or virtual viewing.

Schools & Neighborhood

Schools
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Neighborhood
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NeighborhoodExplore The Area

Similar HomesSimilar Homes

AgentListing Agent

Agent
Rachel Veary

(1 Percent Lists Tacoma)

MLS # NWM2414509

1027 E 47th Street

Tacoma, WA 98404

$795,000
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FOR MORE PHOTOS VISIT
https://www.dealty.ai/buy/home/1027-e-47th-street-tacoma-wa-98404
Approx sqft
2724
Year Built
1912
Garage
10
Lot Size
6250 sqft/ 0.144 acres

Turn-key Owner-Occupy Opportunity - Live in your own detached cottage while collecting rental income on site! This property consists of a triplex in the main house plus a separate DADU cottage at the rear of the lot, creating an ideal house-hack setup where you can live privately while your rentals help offset the mortgage. The main house includes three units total: the lower level is Unit A, a spacious 3-bedroom/1-bath and the largest unit, while the upper level contains Unit B, a studio apartm...(Visit the link to Get more info)

AGENT CONTACT

Northwest Multiple Listing Service

Based on information submitted to MLS Grid as of 04/19/2026, 12:01:53 AM. IDX information is provided exclusively for consumers’ personal, non-commercial use and may be used solely to identify prospective properties that consumers may be interested in purchasing. All data is deemed reliable but is not guaranteed by MLS Grid. All information should be independently reviewed and verified. Open house information is subject to change without notice. Properties may or may not be listed by the office or agent presenting the information.