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1214 S 8th Street #1 & 2, Tacoma, WA, 98405

8beds
3baths
2,236sqft
$639,999
$286price/sqft
$4,019/moest. monthly cost
$160,760/yrincome needed

About This Home

Exceptional Turnkey Investment Opportunity! Beautifully updated historic duplex offering outstanding income potential & exceptional value. Previously rented for $5,300/MONTH ($2,650 per unit), there’s nothing left to do but place your tenants! IMMEDIATE RENTAL OPPORTUNITY! No renovations needed—just place your tenants & start generating income. OWNER-OCCUPANT/HOUSE HACK OPPORTUNITY! Live in one unit while renting the other to help offset a substantial portion of your monthly mortgage payment while building equity.Both units have the comfort & feel of a single-family home. Each offers 1,118 sq ft with 4 bedrooms, for a total of 8 BEDROOMS, 2.75 baths, and 2,236 sq ft.Extensively remodeled approximately 3–4 years ago with beautifully updated kitchens & bathrooms, fresh interior paint, new carpeting, and newer kitchen appliances. ALL APPLIANCES STAY. Major improvements include a NEWER ROOF, aluminum downspouts, vapor barrier in the walkable crawl space, and newer ABS sewer line.Ideally located in Tacoma’s vibrant Hilltop neighborhood just minutes from major hospitals, LIGHT RAIL, public transit, Ruston Way, the 6th Avenue dining & entertainment district, the Stadium District, and Downtown Tacoma. Opportunities to own a beautifully updated duplex offering TWO INCOME-PRODUCING UNITS, 8 BEDROOMS, and this level of rental potential at such an attractive price point are FEW AND FAR BETWEEN! Seller to pay $10,000 towards buyer's closing cost

Getting Around

89
WalkingVery Walkable
0
TransitVery Limited Transit
67
BikeBikeable

Schools

4/10
Bryant Montessori SchoolGrades PK-50.3 mi
3/10
7/10
Stadium High SchoolGrades 9-120.9 mi

Construction

Condition

  • Year built: 1890

Materials

  • Roof: Composition
  • Construction materials: Cement/Concrete,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Architectural style: Duplex
  • Property subType: Duplex,Multi Family

Interior

Bedrooms & Bathrooms

  • Bedrooms: 8
  • Bathrooms: 3

Features

  • Flooring: Laminate,Carpet

Heating & Cooling

  • Heating features: Baseboard,Electric
  • Cooling features: None

Interior Area

  • Total structure area: 2,236
  • Total interior livable area: 2,236 sqft

Property

Details

  • Parcel number: 2008250050
  • Zoning description: Jurisdiction: County
  • Special condition: Standard

Features

  • Has view: Yes
  • View description: Territorial

Lot

  • Lot size: 3,497 sqft
  • Features: Curbs,Paved,Sidewalk

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
    EarthquakeRelatively High
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Earthquake
Heat Wave

FEMA Declared Disasters in Pierce County and Washington

Fire
Flood
Mud Landslide
Severe Storm
Straight Line Winds
Winter Storm

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

MonthlyAnnual
Mortgage $3,236$38,832
Home Insurance *$178$2,136
Property Taxes $453$5,436
Electricity $152$1,835
Total$4,019$48,228
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$137,794/yr
40% on housing$120,570/yr
45% on housing$107,173/yr

Washington FAIR Plan Programs

Washington FAIR Plan

Covered
WildfireWildfire
Add-on available
HailHail
WindWind
Visit Website →
Current Policies
Residential: 306Commercial: 55
Total Premiums$858,000
Total Exposure$176.33M

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.

Insurance Growth Rate5-year average: 9.9%
9.9%
0%30.0%
Electricity Growth Rate10-year average: 3.0%
3.0%
0%15.0%
Property Taxes Growth Rate2-year average: 1.6%
1.6%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$286This listing

vs Other Active Listings

Avg $/sqft

ZIP 98405$221
Pierce County$262

vs Homes Sold Last Month

Median $/sqft

ZIP 98405$316
Pierce County$312

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

DateEventPrice
2026-08-06Pending sale$639,999
2026-07-29Price change$639,999
2026-07-21Listed for sale$649,999
2025-07-11Sold$677,000
2025-06-06Pending sale$699,000
2025-04-30Listed for sale$699,000

For Sale by Agent

AgentLorna Murray
BrokerageRE/MAX Equity Group

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