Listed by Inspire Realty, Bought with eXp Realty
NOT LISTED FOR SALE

Estimated Value: $608,888 - $637,000

4 Beds
4 Baths
1,743 Sq Ft
$357/Sq Ft Est. Value

Last Sold August 10, 2022

Last sale price $570,000 $327 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,853/month

5 Days on Market

Highlights

  • No HOA
  • Partially Fenced Property
  • Wall to Wall Carpet
  • Thermal Windows
  • Wood Siding
  • 1-Story Property

About This Home

As of August 2022

Affordable 4 plex in Tacoma offers great cashflow and cap rate. New roof last year! Updates have been done to all four units. Newer floor coverings, cabinets and microwave/hood. Includes leased coin-op laundry on site (Buyer can assume, or cancel). Always full, easy to rent out. Do not disturb tenants, no signs, no key box. Walk-thru after mutual acceptance. All 4 units are leased until August, 3 will renew leaving one open for owner/operator.

Last Agent to Sell the Property

Erik Kyger

Inspire Realty License #138195 Listed on: 06/30/2022

Last Buyer's Agent

Beau Sterling

eXp Realty License #21020362

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1961429

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,114

Year Built

  • Built in 1942

Lot Details

  • 0.37 Acre Lot
  • Street terminates at a dead end
  • Partially Fenced Property
  • Property is in average condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 1,743 Sq Ft Home
  • 1-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 8 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • No Home Owners Association
  • Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031905-6-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,114

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1942
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 1743
  • Special Features: None
  • Cumulative Days on Market: 364

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Dead End Street, Paved
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • PowerCompany: Tacoma
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 4768.44

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 031905-6-013
  • Lot Size Acres: 0.37
  • Lot Size Sq Ft: 16117
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Fenced-Partially
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10.41
  • LeasedItems: None
  • TotalMonthlyIncome: 4320

Multi Family

  • Gross Scheduled Income: 51840
  • Net Operating Income: 36157
  • Number Of Units Total: 4
  • Insurance Expense: 1000
  • Leasable Area: 1743
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2022
  • Tax Annual Amount: 5113.9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 18, 2024
Sold by
Backman Yia Hsin and Backman Benjamin
Bought by
10020 Alaska Street Apartment Llc
Current Estimated Value
$622,944

Purchase Details

Listed on
Jun 30, 2022
Closed on
Jul 27, 2022
Sold by
Cowin Katherine L and Cowin Aaron J
Bought by
Backman Benjamin and Backman Yia Hsin
Seller's Agent
Erik Kyger
Inspire Realty
Buyer's Agent
Beau Sterling
eXp Realty
List Price
$540,000
Sold Price
$570,000
Premium/Discount to List
$30,000
5.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.91%
Original Mortgage
$399,000
Interest Rate
5.54%

Purchase Details

Listed on
Jun 24, 2015
Closed on
Oct 22, 2015
Sold by
Comer Michael J
Bought by
Cowin Katherine L and Cowin Aron J
Seller's Agent
Mike Comer
John L. Scott R.E. Lake Tapps
Buyer's Agent
Christian Trandum
KINEX Commercial, Inc.
List Price
$239,000
Sold Price
$205,000
Premium/Discount to List
-$34,000
-14.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.25%
Original Mortgage
$143,500
Interest Rate
3.85%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 2005
Sold by
Comer Michael J
Bought by
Nauvoo Enterprises Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
5.72%
Mortgage Type
Construction

Purchase Details

Closed on
Mar 24, 2003
Sold by
Pelton Richard W
Bought by
Comer Michael J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
5.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 14, 1994
Sold by
Meyer Richard S
Bought by
Pelton Richard W and Pelton Cindy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$24,802
Interest Rate
8.25%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
10020 Alaska Street Apartment Llc -- None Listed On Document
Backman Benjamin -- Fidelity National Title
Cowin Katherine L $204,719 First American Title Ins Co
Nauvoo Enterprises Inc $110,000 Ticor Title Of Washington In
Comer Michael J $175,000 Chicago Title Insurance Co
Pelton Richard W -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Backman Benjamin $399,000
Previous Owner Cowin Katherine L $143,500
Previous Owner Nauvoo Enterprises Inc $356,000
Previous Owner Comer Michael J $159,000
Previous Owner Comer Michael J $157,500
Previous Owner Pelton Richard W $24,802
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/10/2022 08/10/22 Sold $570,000 +5.6% $327 / Sq Ft
07/05/2022 07/05/22 Pending -- -- --
06/30/2022 06/30/22 For Sale $540,000 +163.4% $310 / Sq Ft
10/26/2015 10/26/15 Sold $205,000 -14.2% $118 / Sq Ft
08/27/2015 08/27/15 Pending -- -- --
06/24/2015 06/24/15 For Sale $239,000 -- $137 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,583 $534,500 $195,400 $339,100
2024 $5,583 $509,400 $186,900 $322,500
2023 $5,583 $491,500 $180,500 $311,000
2022 $5,114 $490,100 $190,300 $299,800
2021 $4,474 $341,200 $126,100 $215,100
2019 $3,251 $293,000 $104,400 $188,600
2018 $3,379 $254,300 $89,200 $165,100
2017 $3,137 $199,200 $60,200 $139,000
2016 $2,931 $160,100 $52,400 $107,700
2014 $2,576 $155,800 $48,200 $107,600
2013 $2,576 $142,500 $43,900 $98,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1961429

Northwest Multiple Listing Service (NWMLS)

APN: 031905-6013