224 116th St S

Tacoma, WA 98444

$475,000
Price
5
Beds
3
Baths
2,098 Sq. Ft.
$226 / Sq. Ft.
2,098
Sq. Ft.
$226
per Sq. Ft.
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a front view of a house with a yard and garage
a car parked in front of a house with a yard
a view of a house with a cars park side of a road
an empty room with wooden floor and windows
a bathroom with a sink a toilet and shower
a bathroom with a bathtub
an empty room with wooden floor and windows
an empty room with wooden floor and windows
a view of an empty room
a view of a backyard with large trees and wooden fence
a view of a backyard with a barn and large trees
a bathroom with a sink and a mirror
a close up of a stove top oven sitting inside of a kitchen
an empty room with a window and ceiling fan
a view of an empty room with wooden floor and a window
a view of a livingroom with wooden floor and a window
a kitchen with cabinets a refrigerator and a stove
a view of an empty room with a window
a bathroom with a sink toilet and mirror
a view of an empty room
a bathroom with a bathtub and a shower
a view of an empty room with windows
an empty room with a window
a view of an empty room
a kitchen with cabinets and white stainless steel appliances
view of an empty room
Listing provided courtesy of Suburban Realty, Inc.
Source: Northwest MLS

Description

One of a kind triplex opportunity in Parkland! Single family home and Duplex on one lot. First time on the market in DECADES! 2 vacant units, please do not disturb tenant in 218 unit. Oversize lot with ADU possiblity! Underlying lots could possibly be segregated, buyer to verify. 2 units are more recently updated, newer roof on both structures and exterior paint on 224 unit. Duplex units are 2 bed one bath units with one car garage and a shared laundry room. House is one bed 3/4 bath unit with one...One of a kind triplex opportunity in Parkland! Single family home and Duplex on one lot. First time on the market in DECADES! 2 vacant units, please do not disturb tenant in 218 unit. Oversize lot with ADU possiblity! Underlying lots could possibly be segregated, buyer to verify. 2 units are more recently updated, newer roof on both structures and exterior paint on 224 unit. Duplex units are 2 bed one bath units with one car garage and a shared laundry room. House is one bed 3/4 bath unit with one car garage. Fenced backyards. Property sold in as-is condition only. Make this property shine again!
  1. Listed by Kirsten Stewart • Suburban Realty, Inc.

Property Details for 224 116th Street South

Community Name
Parkland
School District
Franklin Pierce
View
Ocean, Territorial
Total Covered Parking
0
Offers Review Date
01-19-2026
Entry Date
01-16-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 02/13/2026 11:43 AM

Property Details for 224 116th Street South

StatusActive
MLS #2466595
Days on Market48
Cumulative Days on Market48
Taxes$6,500 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.32 AC / 14,000 SF
CountyPierce County
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Location

Listing Courtesy of Suburban Realty, Inc.
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Building Information for 224 116th Street South

Stories2Residences3Year Built1941Building Size-Lot Size0.32 AC / 14,000 SF

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$2,857 per month

30 year fixed, 6.15% Interest

Principal and Interest

$2,315

Property Taxes

$542

HOA Dues

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Property Information for 224 116th Street South

Summary
Location and General Information
  • Style: 53 - Tri-plex
  • Site Features: Fenced-Partially, Outbuildings, Patio
  • Area: 69 - Parkland
  • Elementary School: James Sales Elem
  • Middle Or Junior School: Morris Ford Mid
  • High School: Wash High
  • Effective Year Built Source: Public Records
  • Directions: Driving south on Pacific Ave turn right onto 116th ST, property on left
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 3.0
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 3.0
  • Open Parking: Yes
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Hardwood, Vinyl, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Brick
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water/Sewer/Garbage: 1500
  • Power Company: Parkland
  • Sewer Company: Pierce Co
  • Water Company: Parkland
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: County
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1980
  • Photos Count: 26
Lot Information
  • Lot Size Source: 14000
  • Parcel Number Free Text: 2240003400
  • Building Condition: Fair
  • Calculated Square Footage: 2098
  • Structure Type: Triplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2098.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 3
  • Number of Uncovered Spaces: 3
  • Number of Stories in Building: 2
  • Vacancy Rate: 5
  • Number Of Units Total: 3
  • Units Below Grade: false
  • Units In Building Total: 3
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 9520
  • Gross Adjusted Income: 42920
  • Gross Rent Multiplier: 11.53
  • Gross Scheduled Income: $52,440
  • Insurance Expense: $1,520
  • Net Operating Income: $42,920
  • Other Expenses: $0
  • Total Monthly Income: 4370
  • Fuel Expense: $0
Unit 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 776
  • Rent Unit 1: $1,350.00
  • Bedrooms Unit 1: 2
  • Bathrooms Unit 1: 1
Unit 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 776
  • Rent Unit 2: $1,350.00
  • Bedrooms Unit 2: 2
  • Bathrooms Unit 2: 1
Unit 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 556
  • Rent Unit 3: $1,395.00
  • Bedrooms Unit 3: 1
  • Bathrooms Unit 3: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2098.0

Property History for 224 116th Street South

DateEvent & SourcePriceAppreciation
Feb 13, 2026

Price Change

NWMLS #2466595

$475,000—
Jan 16, 2026

Listed (Active)

NWMLS #2466595

$495,000—
DateEvent & SourcePrice
02/13/2026

Price Change

NWMLS #2466595

$475,000
01/16/2026

Listed (Active)

NWMLS #2466595

$495,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 224 116th Street South

Taxable ValueLand$201,400Additions$307,400Total$508,800
Tax Record2025$6,501 ($542 / month)
Home Facts
Beds1Total Finished SqFt546 SqFtAbove Ground SqFt546 SqFtStories1Lot Size14,000 SqFtStyleSingle Family ResidenceYear Built1941Year Renovated1969ZoningMSFCountyPIERCEAPN2240003400

Schools near 224 116th Street South

This home is within Franklin Pierce School District.
Rating
School
Type
Grades
Distance
James Sales Elementary School
Public - K to 5
Perry G Keithley Middle School
Public - 6 to 8
Washington High School
Public - 9 to 12
Gates Secondary School
Public - 8 to 12
Rating
School
Distance
James Sales Elementary School
PublicK to 5

Perry G Keithley Middle School
Public6 to 8

Washington High School
Public9 to 12

Gates Secondary School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 224 116th Street South, Tacoma, WA 98444

224 116th Street South is a multi-family home for sale in Tacoma, WA 98444. This property was listed for sale on January 16, 2026 by Suburban Realty, Inc., it's currently listed at $475,000. This listing's school district is Franklin Pierce School District. Nearby schools include James Sales Elementary School, Perry G Keithley Middle School and Washington High School. 224 116th Street South is a 5-bed, 3-bath, 2,098 sqft multi-family home built in 1941.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Suburban Realty, Inc.

Based on information submitted to the MLS GRID as of 02/13/2026 11:43 AM. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.