Listing
Active
$500,000
For sale
404 S••••• Division Ln (Sign up for 50 free credits to unlock)Tacoma, WA 98418
4Beds
2Baths
1,495Sq Ft Living
5,153Sq Ft Lot
1963Year Built
Property Description
Turn-key investment opportunity! This incredible duplex features two freshly remodeled and updated units, currently tenant-occupied and generating immediate rental income. Ideally located with quick access to Pacific Avenue and I-5, this property is surrounded by a strong lineup of neighborhood-serving shops and restaurants. The immediate area boasts institutional landmarks like Lincoln High and offers practical everyday access to local parks, schools, and convenient transit connections. Perfect for an investor looking for a stabilized asset in a high-convenience location!
Property Facts & Features
- Property Type
- Multi Family
- Status
- Active
- Listed
- Jul 21, 2026
- Price per Sq Ft
- $334/sqft
- ZIP Code
- 98418
- Heating
- Wall Furnace
- Construction
- Wood, Wood Products, Wood, Wood Products
- Property Tax (2026)
- $4,433/yr
- Assessed Value
- $406,500
- Last Sold
- $385,000 · Jul 8, 2026
- Neighborhood
- South End
- County
- Pierce
- School District
- Tacoma School District
Estimated Value
$492,891Range $345,023 to $640,758
Automated estimate. Not an appraisal.
Features & Amenities
Bedrooms
- Bedrooms: 4
Land Info
- Additional Parcels Description: 2945000030
- Lot Description: Paved
- Lot Size Acres: 0.1183
- Lot Size Square Feet: 5152
Utilities
- Power Production Type: Electric
- Sewer: Sewer Connected
- Water Source: Community
Rental Info
- Leasable Area: 1495
Home Features
- View: Territorial
- Security Features: Fully Fenced
Multi-Unit Info
- Number of Units: 2
- Bedrooms in Unit-1: 2
- Bedrooms in Unit-2: 2
- Total Bathrooms in Unit-1: 1
- Total Bathrooms in Unit-2: 1
- Unit-1 Square Feet: 850
- Unit-2 Square Feet: 850
- Unit 1 Total Actual Rent: 2100
- Unit 2 Total Actual Rent: 2100
Interior Features
- Flooring: Vinyl
Garage and Parking
- Covered Spaces: 0
- Open Parking: No
School Information
- High School District: Tacoma
- School District: Tacoma
Heating and Cooling
- Heating Features: Wall Furnace
- Heating Fuel: Electric
- Heating: Yes
- Number of Fireplaces: 0
Other Property Info
- Source Listing Status: Active
- County: Pierce
- Directions: GPS is great!
- Tax Year: 2026
- Possible Use: Multi-Family
- Area: 47 - South Tacoma
- List Development Name: South Tacoma
- Source Neighborhood: South Tacoma
- Parcel Number: 2945000030
- Subdivision: South Tacoma
- Zoning Description: Multi-Family
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
Building and Construction
- Year Built: 1963
- Building Area Total: 1495
- Building Area Units: Square Feet
- Building Name: CEDARLAWN
- Construction Materials: Wood, Wood Products, Wood, Wood Products
- Foundation Details: Poured Concrete
- Property Age: 63
- Property Condition: Updated/Remodeled
- Roof: Composition
- Building Total Stories: 1
- Structure Type: Duplex
- House Style: Duplex
- Elevation Units: Feet
- Year Built Effective: 1986
Exterior and Lot Features
- Fenced-Fully
- Patio
- Patio: Yes
Price & Event History
| Date | Event | Price | $/Sq Ft |
|---|---|---|---|
| Sep 6, 2026 | Price Changed | $500,000 | $334 |
| Jul 21, 2026 | Listed | $550,000 | $368 |
| Jul 8, 2026 | Sold | $385,000 | $258 |
| Mar 5, 2026 | Sold | $345,000 | $231 |
Property Tax History
| Year | Tax | Assessed | Land | Building | Market |
|---|---|---|---|---|---|
| 2026 | $4,433 | $406,500 | $181,500 | $225,000 | $406,500 |
| 2025 | $4,288 | $406,500 | $181,500 | $225,000 | $406,500 |
| 2024 | $4,143 | $372,000 | $163,100 | $208,900 | $372,000 |
| 2023 | $4,061 | $390,900 | $168,600 | $222,300 | $390,900 |
| 2022 | $3,820 | $332,900 | $135,700 | $197,200 | $332,900 |
| 2021 | $3,420 | $271,900 | $100,300 | $171,600 | $271,900 |
| 2020 | $3,311 | $244,000 | $83,900 | $160,100 | $244,000 |
| 2019 | $2,843 | $218,600 | $67,400 | $151,200 | $218,600 |
| 2018 | $3,046 | $192,700 | $55,800 | $136,900 | $192,700 |
| 2017 | $2,690 | $166,900 | $48,500 | $118,400 | $166,900 |
| 2016 | $2,419 | $143,300 | $41,300 | $102,000 | $143,300 |
| 2015 | $2,303 | $132,400 | $40,700 | $91,700 | $132,400 |
Location
Lat 47.22787 · Lng -122.43645