Listing provided courtesy of Triwood RealtyNWMLSas Distributed by MLSGrid- MLS# NWM2512903MLS Provider

10133 Patterson Street STacoma, WA 98444

Multi-Family · 4 Beds · 1,176 Sq. ft. | 0.34 Acres
$629,000 Active

10133 Patterson Street S Overview

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Positioned in a desirable South Tacoma location within unincorporated Pierce County, this tastefully updated duplex offers a rare blend of immediate cash flow and long-term development upside. Each unit generates approximately $1,700/month in reliable rental income, making this an attractive turnkey investment with strong in-place returns. The property has been thoughtfully upgraded with modern, higher-end finishes that appeal to quality tenants, helping ensure consistent occupancy and rental stability. What truly sets this property apart is its Urban Corridor (UC) zoning designation, opening the door to a wide range of future development possibilities. UC zoning is intended to support higher-density residential and mixed-use projects, allowing for potential redevelopment into multi-family housing, townhomes, or even a mixed-use building with commercial space on the ground level and residential units above (buyer to verify with Pierce County). This creates a compelling opportunity for investors and developers alike to capitalize on the area’s continued growth and demand for housing. Whether you choose to hold and enjoy steady income, or plan for a future redevelopment project, this property offers flexibility, strong fundamentals, and upside potential in a growing corridor. Opportunities like this—combining current performance with forward-looking potential—are increasingly hard to find.

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10133 Patterson Street S Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,176
  • Price/Sq.ft. $535
  • Lot 0.34 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Franklin Pierce

Income/Expenses

  • Other Expense: 1260
  • Electric Expense: 2580
  • Fuel Expense: 2580
  • Gross Scheduled Income: 46560
  • Insurance Expense: 2255
  • Net Operating Income: 30514
  • Total Expenses: 16046
  • Total Monthly Income: 3780
  • Water/Sewer/Garbage: 2580

Building Information

  • New Construction: No
  • Year Built: 1972

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 64 - Parkland/Midland
  • Subdivision Name: Larchmont

Tax Information

  • Tax Annual Amount: $4,791.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 3810000864
  • Possible Use: See Remarks
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 2

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1176
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1176
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Heating: Yes
  • Leasable Area: 1750
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 10
  • Parking Uncovered Total: 8

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Paved, Secluded, Value In Land
  • Lot Size Acres: 0.3442
  • Lot Size Square Feet: 14992
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 2
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1900
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1980
  • Beds Total: 2
  • Baths Total: 1

10133 Patterson Street S Neighborhood

Community

98444 (Tacoma) Demographics

34
Median Age
5,260
Population Density (per sq. mile)
26%
College Educated
$52,589
Estimated Median Income
5,528
Estimated Total Home Owners
7,483
Estimated Total Renters
42% / 58%
Estimated Owner / Renter Divide
3
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

10133 Patterson Street S Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

10133 Patterson Street S Market Data

Based on the last 30 days in this zip code

$484,931
Average List Price
$319
Average Price per Square Foot
21
Properties Sold
67
Average Days on Market
103
Properties for Sale
Calculations provided by Reliance Network

10133 Patterson Street S History

Date Event Value Agent
5/1/2026Source: NWMLS Added to Database
May 01, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021
7/1/2021Source: NWMLS Status Change
Sold