Listed by Keller Williams Rty Tacoma, Bought with NWC-KV LLC
NOT LISTED FOR SALE
-- Bed
-- Bath
6,224 Sq Ft
7,000 Sq Ft Lot

Last Sold January 21, 2022

Last sale price $1,375,000 $221 Per Sq Ft

2 Days on Market

Highlights

  • Views of a Sound
  • Deck
  • No HOA
  • Lowell Elementary School Rated A-
  • Engineered Wood Flooring
  • Thermal Windows

About This Home

As of January 2022

Remarkable Opportunity with this Fabulous North Tacoma 5-Plex. Amazing Views and Location! An opportunity like this does not come often to own such a beautiful & timeless income producing property. Several units appear to have an opportunity to increase monthly rents & overall income. All units are rented. Per Seller, reverting back to single dwelling is possible as all levels are connected with stairs or possible conversion to condos may also be done. You will love the quality craftsmanship throughout this wonderful & classic property. Grand entrance with expansive covered front porch, multiple deck areas to enjoy the views, 2 fireplaces, detached garage & so much more! The opportunities here are endless w/possible Seller terms available.

Last Agent to Sell the Property

Matthew Harber

Keller Williams Rty Tacoma License #25202 Listed on: 12/14/2021

Keller Williams Rty Tacoma

Co-Listed By

Guy Rowley

Keller Williams Rty Tacoma License #23862

Last Buyer's Agent

Trevor Kovich

NWC-KV LLC License #113290

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1872189

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,430

Year Built

  • Built in 1890

Lot Details

  • 7,000 Sq Ft Lot
  • Property is in good condition

Property Views

  • Views of a Sound
  • Bay
  • City
  • Mountain

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,224 Sq Ft Home
  • 3-Story Property
  • Thermal Windows

Flooring

  • Engineered Wood
  • Ceramic Tile

Parking

  • 4 Parking Spaces
  • 3 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Community Details

  • No Home Owners Association
  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2042180070

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,430

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1890
  • Buyer Agency Compensation: 2.5%
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 6224
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Ceramic Tile, Engineered Hardwood, Hardwood
  • Interior Amenities: Ceramic Tile, Hardwood
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Bay, City, Mountain(s), Sound
  • Lot Features: Alley, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete, See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 3
  • Open Parking Spaces: 1
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 1

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric, Natural Gas Connected
  • WaterSewerGarbage: 5786

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2042180070
  • Lot Size Acres: 0.1607
  • Lot Size Sq Ft: 7000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Tax Records/Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15.3
  • LeasedItems: None
  • TotalMonthlyIncome: 7885

Multi Family

  • Gross Scheduled Income: 94620
  • Net Operating Income: 68233
  • Number Of Units Total: 5
  • Electric Expense: 2532
  • Insurance Expense: 2800
  • Leasable Area: 6224
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: true
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 12430

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
01/21/2022 01/21/22 Sold $1,375,000 -1.8% $221 / Sq Ft
12/16/2021 12/16/21 Pending -- -- --
12/14/2021 12/14/21 For Sale $1,400,000 -- $225 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1872189

Northwest Multiple Listing Service (NWMLS)