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Remodeled Tenant-Occupied Duplex
For Sale
$550,000

404 S Division Ln, Tacoma, WA 98404

Two updated units are currently tenant-occupied near shops, restaurants, schools, parks, and transit.

Property SizeContact for details
Days on Market27

Property Features for 404 S Division Ln

General Information

Standard status Active
Property subtype Residential Income

Site & Location

Highway Access Yes
Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 2
Listing Agency: WA Move Real Estate LLC
Listed By: Timothy Alan Kemp
Source: Exprealty
Added: Jul 22 Changed: Aug 13 Last Checked: Aug 16 at 9:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of WA Move Real Estate LLC

Investment Insights

Based on property information with market context.

This duplex contains two units that have been remodeled and updated. Both are currently occupied by tenants, and the property generates rental income. The two-unit configuration provides a straightforward residential income property profile without relying on additional improvements or expansion details.

Access to Pacific Avenue and I-5 connects the property with nearby neighborhood-serving retail and restaurants. Lincoln High is also in the surrounding area, along with local parks, schools, and transit connections that support everyday convenience for residents.

Key Highlights

  • Two‑unit duplex with freshly remodeled and updated interiors
  • Both units are currently tenant‑occupied and generate rental income
  • Quick access to Pacific Avenue and I‑5

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith Tanning Salon Skin Care Clinic Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

705
Businesses Nearby

Demographics for 98404, WA

35,172
Population
13,174
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
7.1 sq mi
ZIP Area
4,954
Density / Sq Mi
$79,562
Median Household Income
$41,977
Median Earnings
$1,440
Median Rent
$387,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two updated units are currently tenant-occupied near shops, restaurants, schools, parks, and transit.
Where is this duplex located?
The property is located at 404 S Division Ln Tacoma, WA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two‑unit duplex with freshly remodeled and updated interiors; Both units are currently tenant‑occupied and generate rental income; Quick access to Pacific Avenue and I‑5
More about this property
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