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$3,675,000
3 Days On Site

1461 Rainier Court
Fircrest, WA98466

For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
12,336
SqFt
$298
/SqFt
1967
Built
Cumulative Days On Market:
4
Subdivision:
Fircrest
County:
Pierce
Courtesy of NWMLS
Listing courtesy of Charles Burnett of Keller Williams Seattle Metro

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253-268-1714
1461 Rainier Court1461 Rainier Court1461 Rainier Court1461 Rainier Court
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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.

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Listing Snapshot
Price 
$3,675,000
Days On Site 
3 Days
Bedrooms 
N/A
Inside Area (SqFt) 
12,336 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.6685 Acres
Year Built 
1967
MLS® Number 
2348857
Status 
Active
Property Tax 
$27,816
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 days agoListing updated with changes from the MLS®
4 days agoListing first seen on site
General Features
Acres 
0.6685
Carport 
12
Number Of Stories 
2
Parking Spaces 
24
Property Sub Type 
Multi Family
SqFt Total 
12336
Utilities 
Sewer Connected
Water Source 
Public
Interior Features
Flooring 
HardwoodLaminateCarpetVinyl
Heating 
ElectricBaseboard
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Exterior Features
Construction Details 
Wood Siding
Lot Features 
Cul-De-Sac
Roof 
Composition
View 
Territorial
Waterview 
Territorial
Community Features
Association Amenities 
Storage
Financing Terms Available 
Conventional
MLS Area 
34 - University Place
School District 
Tacoma
Schools
School District
Tacoma
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Courtesy of NWMLS
Listing courtesy of Charles Burnett of Keller Williams Seattle Metro



Listing information is provided by Participants of the Northwest MLS. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, Northwest MLS.
All data is obtained from various sources and may not have been verified by the 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.
Last checked: 2025-03-31 11:02 AM PDT

Neighborhood & Commute
Source: Walkscore
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