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!
Property Details
Price:
$575,000
MLS #:
NWM2594670
Status:
Active
Beds:
8
Baths:
3
Type:
Single Family
Subtype:
Single Family Residence
Subdivision:
South Tacoma
Neighborhood:
53southtacoma
Listed Date:
Oct 14, 2026
Finished Sq Ft:
2,960
Total Sq Ft:
2,960
Lot Size:
7,850 sqft / 0.18 acres (approx)
Year Built:
1961
See this Listing
Schools
School District:
Tacoma
Elementary School:
Birney
Middle School:
Baker
High School:
Mt Tahoma
Interior
Bathrooms
3 Full Bathrooms
Cooling
None
Heating
Forced Air
Levels
Two
Main Level Bathrooms
3
Main Level Bedrooms
8
Exterior
Construction Materials
Wood
Covered Spaces
4
Exterior Features
Wood
Lot Features
Corner Lot, Curbs, Paved, Sidewalk
Parking Features
Detached Garage
Parking Spots
7
Parking Total
7
Roof
Composition
Security Features
Fully Fenced
View
Territorial
Financial
Tax Year
2026
Taxes
$6,060
Map
Community
- Address7374 S Alaska Street Tacoma WA
- SubdivisionSouth Tacoma
- CityTacoma
- CountyPierce
- Zip Code98408
Subdivisions in Tacoma
- Bethel
- Brookdale
- Browns Point
- Central Tacoma
- Dash Point
- Delong Park
- East Tacoma
- Fern Hill
- Fife Heights
- Fircrest
- Frederickson
- Harbor Ridge
- Highlands
- Hillsdale
- Hilltop
- Indian Addition
- Lakewood
- Lincoln
- Manitou
- McKinley
- Midland
- Narrows
- Ne Tacoma
- New Tacoma
- North Tacoma
- Northshore
- Oakland
- Oaks Addition
- Old Town
- Parkland
- Point Defiance
- Port of Tacoma
- Proctor
- Puyallup
- Ruston
- Se Tacoma
- South Tacoma
- Spanaway
- Stadium District
- Steilacoom
- Summit
- Sunset Beach
- Swan Creek
- Tacoma
- Tacoma Mall
- University Place
- Ups
- Waller
- Wapato
- Westgate
Market Summary
Current real estate data for Single Family in Tacoma as of Oct 22, 2026
970
Single Family Listed
82
Avg DOM
337
Avg $ / SqFt
$616,360
Avg List Price
Property Summary
- Located in the South Tacoma subdivision, 7374 S Alaska Street Tacoma WA is a Single Family for sale in Tacoma, WA, 98408. It is listed for $575,000 and features 8 beds, 3 baths, and has approximately 2,960 square feet of living space, and was originally constructed in 1961. The current price per square foot is $194. The average price per square foot for Single Family listings in Tacoma is $337. The average listing price for Single Family in Tacoma is $616,360. To schedule a showing of MLS#nwm2594670 at 7374 S Alaska Street in Tacoma, WA, contact your Best in the West agent at 206-351-5550.
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Listing courtesy of COMPASSThe database information herein is provided from and copyrighted by the Northwest Multiple Listing Service (NWMLS). NWMLS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. This site was last updated Oct-22-2026 5:06:01 pm. © 2026 NWMLS.
7374 S Alaska Street
Tacoma, WA


