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Listing courtesy of NWMLS / Keller Williams Seattle Metro

1461 71 81 Rainier Court

Fircrest, WA 98466

– beds
– baths
12,336 sqft
~3/4 acre lot
$297 per sqft
1988 build

Rare opportunity to acquire three adjacent fourplexes (12 units total) each on separate parcels in the highly desirable community of Fircrest. Offered at a strong 6.9% cap rate, well-maintained by the same dedicated owners for 21 years, providing immediate cash flow and long-term upside. Each 1,030 SqFt unit is 2 bed, 1.5 bath, w/ in-unit wash/dryer. Fully occupied with quality tenants and clear rent growth potential. Lower units feature private yards; upper units have patios. Located near top-rated schools, parks, shopping, and commuter routes, this asset is well-positioned in a high-demand market. Separate parcels offer flexible exit strategies, making it an ideal fit for both seasoned investors and those building a strong portfolio.

Listing courtesy of NWMLS / Keller Williams Seattle Metro

Last checked: Checking… • Last updated Mar 28, 2025 •

MLS# 2348857 —

The Building

Year Built:

1967
Year Built:

1988
Year Built Source:

Public Records
New Construction:

false
Structure Type:

Multi Family
Roof:

Composition
Foundation Details:

Poured Concrete
Exterior Features:

Wood
Units In Building Total:

12
# of Units Total:

12
Stories Total:

2
Building Area Total:

12336
Building Area Units:

Square Feet
Calculated SqFt:

12336
SqFt Source:

Public Records
Construction Materials:

Wood

Interior

Interior Features:

Laminate Hardwood, Wall to Wall Carpet
Flooring:

Laminate, Vinyl, Vinyl Plank, Carpet
Fireplace:

false

Financial & Terms

Possession:

Closing

Location

Latitude:

47.219315
Longitude:

-122.516829
Directions:

Emerson to Rainier Dr

The Property

Property Type:

Residential Income
Property Subtype:

Multi-Family
Property Condition:

Good
Parcel Number:

5551000014
Lot Features:

Cul-De-Sac
Lot Size Units:

Square Feet
Lot Size Acres:

0.6685
Lot Size SqFt:

29120
Lot Size Source:

Public Records
Zoning Jurisdiction:

City
View:

Territorial
View:

true
Waterfront:

false
Additional Parcels Description:

5551000012,5551000013
Irrigation Water Rights:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

27816

The Listing

Special Listing Conditions:

None

Heating & Cooling

Cooling:

false
Heating:

true
Cooling:

None
Heating:

Baseboard

Utilities

Water Source:

Public
Sewer:

Sewer Connected
Water Sewer Garbage:

18540

Schools

High School District:

Tacoma

The Community

Subdivision Name:

Fircrest
Amenities:

Storage
Senior Community:

false
Association:

false

Parking

Parking Total:

24
Parking Uncovered Spaces:

12
Open Parking:

true
Open Parking Spaces:

12
Carport Spaces:

12
Carport:

false

Listing courtesy of NWMLS / Keller Williams Seattle Metro

This "Three Trees" icon indicates a listing provided courtesy of NWMLS. Based on information submitted to the MLS GRID as of Wed Apr 02 2025 01:48 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. To submit a request for a takedown notice per the Digital Millennium Copyright Act (the “DMCA”) for any NWMLS listings please see these guidelines and follow the instructions provided.

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Sale history

Date	Event	Source	Price	% Change
3/27/25 Mar 27, 2025	Listed / Active	NWMLS	$3,675,000

Multifamily For Sale

$3,675,000

Listing provided by broker:

Charles Burnett

Keller Williams Seattle Metro

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This multifamily located in Fircrest, WA 98466 is currently for sale for $3,675,000. 1461 71 81 Rainier Court is a 12,336 square foot multifamily with – beds and – baths. This multifamily is in the attendance area of Wainwright Intermediate School.

Listing courtesy of NWMLS / Keller Williams Seattle Metro

Disclaimer: The information contained in this listing has not been verified by Keller Williams Seattle Metro and should be verified by the buyer.