Listed by Pilot Ventures LLC, Bought with Best Choice Network LLC
NOT LISTED FOR SALE

1018 E 35th St Tacoma, WA 98404

Eastside Neighborhood

Estimated Value: $504,695 - $591,000

4 Beds
2 Baths
1,648 Sq Ft
$332/Sq Ft Est. Value

Last Sold March 09, 2018

Last sale price $215,000 $130 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $3,360/month

Highlights

  • Wood Siding
  • 1-Story Property
  • 5-minute walk to Rogers Park

About This Home

As of March 2018

Wonderful opportunity to own a duplex in Tacoma, the market with the fourth fastest growing rents in the nation. The building is located in a quiet suburb with great access to I-5. Both units currently rent for $685/mo, though both have big upside. Renovations will enable the new owner to nearly double the rents and attain the market rate of around $1150. At $1150/unit, pro forma numbers indicate the the building will cashflow around $16,000/yr (NOI) and achieve a 6.4% cap rate.

Last Agent to Sell the Property

Jason Kono

Pilot Ventures LLC License #79925 Listed on: 02/14/2018

Last Buyer's Agent

Sarah Noet

Best Choice Network LLC License #110182

Best Choice Network LLC

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1245596

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,674

Year Built

  • Built in 1980

Lot Details

  • 6,500

Home Design

  • Duplex
  • Composition Roof
  • Wood Siding

Parking

  • 4 Parking Spaces
  • Open Parking

Additional Features

  • 1-Story Property
  • 6,500 Sq Ft Lot

Community Details

  • Mckinley Subdivision

Listing and Financial Details

  • Tax Lot 2085340060
  • Assessor Parcel Number 2085340060

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,674

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 52 - Duplex
  • Year Built: 1980
  • Buyer Agency Compensation: 3%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Structure Type: Duplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 4

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric
  • WaterSewerGarbage: 2334

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2085340060
  • Lot Size Acres: 0.1492
  • Lot Size Sq Ft: 6500
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Pierce County Assessor
  • LotNumber: 2085340060

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: None
  • TotalMonthlyIncome: 1370

Multi Family

  • Gross Scheduled Income: 17880
  • Net Operating Income: 12162
  • Number Of Units Total: 2
  • Insurance Expense: 390
  • Leasable Area: 1648
  • UnitsInBuildingTotal: 2
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2018
  • Tax Annual Amount: 2674

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2021
Sold by
Elkinton Julie and Elkinton Virgil
Bought by
Kabuage Morris and Kabuage Agnetta G
Current Estimated Value
$547,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Outstanding Balance
$324,512
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$222,662

Purchase Details

Closed on
Nov 10, 2018
Sold by
5 Star Homes Llc
Bought by
Elkinton Julle and Elkinton Virgil

Purchase Details

Listed on
Feb 14, 2018
Closed on
Mar 9, 2018
Sold by
Bellevue Ave Ventures
Bought by
5 Star Homes Llc
Seller's Agent
Jason Kono
Pilot Ventures LLC
Buyer's Agent
Sarah Noet
Best Choice Network LLC
List Price
$219,500
Sold Price
$215,000
Premium/Discount to List
-$4,500
-2.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.12%
Original Mortgage
$219,300
Interest Rate
4.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 23, 2010
Sold by
West Curtis A and West Hedy E
Bought by
Bellevue Ave Ventures
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Kabuage Morris $480,000 Cw Title
Elkinton Julle $333,719 Fidelity National Title
5 Star Homes Llc $214,719 Fidelity National Title
Bellevue Ave Ventures -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kabuage Morris $360,000
Previous Owner 5 Star Homes Llc $219,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/09/2018 03/09/18 Sold $215,000 -2.1% $130 / Sq Ft
02/16/2018 02/16/18 Pending -- -- --
02/15/2018 02/15/18 For Sale $219,500 -- $133 / 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 $5,361 $527,900 $186,900 $341,000
2024 $5,361 $511,700 $179,800 $331,900
2023 $5,361 $481,600 $167,500 $314,100
2022 $4,437 $484,500 $167,100 $317,400
2021 $4,208 $334,700 $104,500 $230,200
2019 $0 $288,600 $87,000 $201,600
2018 $2,674 $207,000 $69,600 $137,400
2017 $2,244 $169,100 $53,600 $115,500
2016 $2,104 $127,800 $39,900 $87,900
2014 $1,749 $120,900 $38,700 $82,200
2013 $1,749 $104,200 $34,000 $70,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Jason Kono

    Pilot Ventures LLC

    (206) 566-6600

    9 Total Sales

    Jason Kono
    Section Image

  • S

    Buyer's Agent in 2018

    Sarah Noet

    Best Choice Realty Brokerage

    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1245596

Northwest Multiple Listing Service (NWMLS)

APN: 208534-0060

Washington Pierce County Tacoma 98404 Eastside

1018 E 35th St, Tacoma, WA

This home is located at 1018 E 35th St, Tacoma, WA 98404 since 14 February 2018 and is currently estimated at $547,174, approximately $332 per square foot. This property was built in 1980. 1018 E 35th St is a home located in Pierce County with nearby schools including Blix Elementary School, Hunt Middle School, and Lincoln High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Northwest Multiple Listing Service (NWMLS) 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. Listing information is provided by the Northwest Multiple Listing Service (NWMLS). Property information is based on available data that may include MLS information, county records, and other sources. Listings marked with the 3 tree icon and provided by NWMLS. All properties are subject to prior sale or withdrawal. IDX information is provided exclusively for consumers’ personal noncommercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, that the data is deemed reliable but is not guaranteed by MLS GRID. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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