8314 S Park Avenue, Tacoma, WA, 98408
About This Home
Turnkey Duplex Opportunity in Tacoma’s Fern Hill District! Ideal for owner-occupants looking to live in one unit and rent the other, or investors seeking a fully updated, income-producing property. This 1981 duplex has been thoughtfully remodeled with modern finishes throughout, including hardwood and tile flooring, solid core doors, updated countertops, and stylish stone backsplashes. Each unit features a new Samsung stainless steel 4-piece appliance suite and efficient 18K BTU mini-split systems for heating and cooling. Exterior upgrades include new siding and fresh interior and exterior paint. The property offers a fully fenced yard, privacy gate, and 3–4 off-street parking spaces—perfect for tenants or multi-vehicle households. Zoned C1, this property also presents future development or expansion potential, adding long-term upside for savvy buyers. Conveniently located near amenities, schools, and commuter routes. A rare blend of comfort, cash flow, and opportunity! Seller giving up to $5000 towards rate buy down! See today!
Getting Around
Somewhat Walkable
Very Limited Transit
BikeableSchools
Construction
Condition
- Property condition: Good
- Year built: 1981
Materials
- Foundation: Poured Concrete
- Roof: Composition,See Remarks
- Construction materials: See Remarks,Wood Siding,Wood Products
Notable Dates
- Major remodel year: 2001
Type & Style
- Home type: MultiFamily
- Architectural style: Duplex
- Property subType: Duplex,Multi Family
Interior
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Flooring: Ceramic Tile,Hardwood,See Remarks
Heating & Cooling
- Heating features: Baseboard,Ductless,See Remarks,Electric,See Remarks
- Cooling features: Ductless
Interior Area
- Total structure area: 1,664
- Total interior livable area: 1,664 sqft
Property
Details
- Parcel number: 3815000090
- Zoning description: Commercial,Residential,See Remarks,Jurisdiction: City
- Special condition: Standard
Lot
- Lot size: 4,438 sqft
- Features: Curbs,Paved,Sidewalk,Cable TV,Deck,Fenced-Fully,Gas Available,High Speed Internet,Outbuildings
Parking
- Total spaces: 4
- Uncovered spaces: 4
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Earthquake
- Heat Wave
How This Home’s Risks Compare
FEMA Declared Disasters in Pierce County and Washington
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,780 | $33,360 |
| Home Insurance * | $161 | $1,932 |
| Property Taxes | $389 | $4,668 |
| Electricity | $149 | $1,793 |
| Total | $3,479 | $41,748 |
Income You'd Need if You Spent...
Washington FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-17 | Pending sale | $549,900 |
| 2026-08-02 | Price change | $549,900 |
| 2026-07-27 | Price change | $565,000 |
| 2026-07-21 | Price change | $575,000 |
| 2026-07-03 | Listed for sale | $590,000 |
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