Listed by Skyline Properties, Inc., Bought with eXp Realty
NOT LISTED FOR SALE

120 136th St S Unit 1-64 Tacoma, WA 98444

-- Bed
-- Bath
39,435 Sq Ft
2.23 Acres

Last Sold May 07, 2021

Last sale price $7,775,000 $197 Per Sq Ft

63 Days on Market

Highlights

  • 2.23 Acre Lot
  • Corner Lot
  • Wood Siding
  • Territorial View
  • Thermal Windows
  • Wall to Wall Carpet

About This Home

As of May 2021

64 Units,Garden style,Market CAP Rate 5.6%,Less than $125k per unit with potential income upside up to 18+%,Over the past 5 years rents have increased 16% in Parkland,minutes to PLU & 10 minutes to downtown Tacoma,new roofs with transferable warranties all buildings,new siding on multiple south&west sides of the buildings,dual pane windows,upgraded landscaping & walkways between buildings.on-site office,on-site laundry,dishwashers,oversized closets add interior laundry to increase rents more.

Last Agent to Sell the Property

Donna Marshall

Skyline Properties, Inc. License #111216 Listed on: 10/26/2020

Skyline Properties, Inc.

Co-Listed By

Dan Swanson

Kidder Mathews License #13533

Last Buyer's Agent

Kekoa Lwin

eXp Realty License #23028853

eXp Realty

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1681200

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $61,815

Year Built

  • Built in 1969

Lot Details

  • 2.23 Acre Lot
  • Corner Lot
  • Property is in good condition

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Siding

Interior Spaces

  • 39,435 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 86 Parking Spaces
  • Open Parking

Utilities

  • Cable TV Available

Community Details

  • Parkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0319163064

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$61,815

Year Built

Built in 1969

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1969
  • Buyer Agency Compensation: 1.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 39435
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Forced Air, Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Storage,Thermal Windows

Exterior Features

  • Roof: Flat
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 86
  • Open Parking: Yes
  • Total Parking Spaces: 86
  • ParkingUncoveredSpaces: 86

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, Sewer Connected, Electric
  • WaterSewerGarbage: 72176

Condo/Co-op/Association

  • Senior Community: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 0319163064
  • Lot Size Acres: 2.2308
  • Lot Size Sq Ft: 97173
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: title
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12
  • LeasedItems: Water Tank
  • TotalMonthlyIncome: 56164

Multi Family

  • Gross Scheduled Income: 675968
  • Net Operating Income: 297425
  • Number Of Units Total: 64
  • Insurance Expense: 13223
  • Leasable Area: 39435
  • EnergySource: Electric
  • UnitsInBuildingTotal: 64
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 61815
  • AdditionalTaxIds: 2695002902

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/07/2021 05/07/21 Sold $7,775,000 -1.6% $197 / Sq Ft
12/28/2020 12/28/20 Pending -- -- --
12/04/2020 12/04/20 Price Changed $7,900,000 -4.8% $200 / Sq Ft
10/26/2020 10/26/20 For Sale $8,300,000 -- $210 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Donna Marshall

    Seller's Agent in 2021

    Donna Marshall

    Skyline Properties, Inc

    (425) 422-0954

    1 in this area

    36 Total Sales

    Donna Marshall
    Section Image
  • Dan Swanson

    Seller Co-Listing Agent in 2021

    Dan Swanson

    Kidder Mathews

    (425) 444-6501

    1 in this area

    58 Total Sales

    Dan Swanson
    Section Image
  • Kekoa Lwin

    Buyer's Agent in 2021

    Kekoa Lwin

    eXp Realty

    (808) 478-6453

    2 in this area

    101 Total Sales

    Kekoa Lwin
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1681200

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Tacoma 98444

120 136th St S Unit 1-64, Tacoma, WA

This home is located at 120 136th St S Unit 1-64, Tacoma, WA 98444 since 26 October 2020. This property was built in 1969. 120 136th St S Unit 1-64 is a home located in Pierce County with nearby schools including Elmhurst Elementary School, Perry G. Keithley Middle School, and Washington 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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