1536 -1538 S Walters Road, Tacoma, WA 98465 | MLS #NWM2494752 | Berkshire Hathaway HomeServices Northwest Real Estate
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Listing provided courtesy of Keller Williams Rty TacomaNWMLSas Distributed by MLSGrid- MLS# NWM2494752MLS Provider

1536 -1538 S Walters RoadTacoma, WA 98465

Multi-Family · 2 Beds · 1,012 Sq. ft. | 0.12 Acres
$779,000 Active

1536 -1538 S Walters Road Overview

Visits:
3

Charming Titlow duplex with detached 3-car garage just blocks to the beauty of Titlow Beach and park. Each 1 bed / 1 bath unit has been refreshed with new interior paint, durable LVP flooring and thoughtful updates to create move-in ready living spaces. New exterior paint for fresh curb appeal and each unit offers its own sewer line and separate gas, and electric meters for efficiency. Great opportunity for income and flexibility- live in one unit while renting the other or lease both for steady returns, with added potential to generate extra income by renting out the spacious 3 car garage for storage or parking. Don’t miss your chance to own this versatile and well-located property!

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1536 -1538 S Walters Road Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,012
  • Price/Sq.ft. $770
  • Lot 0.12 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tacoma

Income/Expenses

  • Other Expense: 0
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 4150
  • Insurance Expense: 0
  • Net Operating Income: 0
  • Total Expenses: 5410
  • Total Monthly Income: 4150
  • Water/Sewer/Garbage: 0

Building Information

  • New Construction: No
  • Year Built: 1924

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 31 - West Tacoma
  • Subdivision Name: Narrows

Tax Information

  • Tax Annual Amount: $5,410.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 7505000222
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 3

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 1012
  • Building Area Units: Square Feet
  • Calculated Square Footage: 1012
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 1012
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric,Natural Gas
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 6
  • Parking Uncovered Total: 3

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Alley, Paved
  • Lot Size Acres: 0.1223
  • Lot Size Square Feet: 5327
  • Lot Size Units: Square Feet
  • Site Features: Gas Available, High Speed Internet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Duplex

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 3
  • Exterior Features: Wood Products
  • Number Of Units Total: 2
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1700
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1700
  • Beds Total: 1
  • Baths Total: 1

1536 -1538 S Walters Road Neighborhood

Community

98465 (Tacoma) Demographics

43
Median Age
2,855
Population Density (per sq. mile)
45%
College Educated
$59,163
Estimated Median Income
1,731
Estimated Total Home Owners
1,486
Estimated Total Renters
54% / 46%
Estimated Owner / Renter Divide
2
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.

1536 -1538 S Walters Road 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.

1536 -1538 S Walters Road Market Data

Based on the last 30 days in this zip code

$775,185
Average List Price
$360
Average Price per Square Foot
8
Properties Sold
66
Average Days on Market
21
Properties for Sale
Calculations provided by Reliance Network

1536 -1538 S Walters Road History

Date Event Value Agent
3/19/2026Source: NWMLS Added to Database
March 19, 2026