Great opportunity for owner occupied investor to offset their overhead or investor adding to their portfolio. Location is close to the city & hospital work zones for tenants & the developing Hilltop district with it's bustling district. Great access for commuters. 2 bed/1 bath units with a basement for storage. Fenced side yard for raised bed gardening or outdoor seating. One side currently vacant for owner occupied buyers. Rare to get into multi family properties in this price point.
Engel & Voelkers Chambers BayLicense #23756Listed on: 06/10/2019
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1472147
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,374
Year Built
Built in 1890
Lot Details
2,500 Sq Ft Lot
Partially Fenced Property
Property is in good condition
Home Design
Duplex
Poured Concrete
Composition Roof
Wood Siding
Interior Spaces
1-Story Property
Thermal Windows
Territorial Views
Flooring
Laminate
Vinyl
Utilities
High Speed Internet
Cable TV Available
Community Details
Central Tacoma Subdivision
Listing and Financial Details
Assessor Parcel Number 2008260010
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$2,374
Year Built
Built in 1890
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi-Family
StyleCode: 52 - Duplex
Year Built: 1890
Buyer Agency Compensation: 2.5
MLS Status: Sold
Prev Status: Closed
New Construction: No
CalculatedSquareFootage: 0
EffectiveYearBuiltSource: Public Records
Special Features: None
Cumulative Days on Market: 260
Interior Features
Fireplace: No
Flooring: Laminate, Vinyl
Interior Amenities: Laminate Hardwood
Stories: 1
SquareFootageFinished: 0
SquareFootageUnfinished: 0
Amenities: Basement,Thermal Windows
Exterior Features
Roof: Composition
View: Territorial
Lot Features: Alley, Curbs, Paved, Sidewalk
View: Yes
Waterfront: No
Exterior Features: Wood
Foundation Details: Poured Concrete
Property Condition: Good
Structure Type: Duplex
Garage/Parking
Carport Y N: No
Open Parking: No
ParkingUncoveredSpaces: 0
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: FullyFenced
Heating Yn: Yes
Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
PowerCompany: TPU
SewerCompany: TPU
WaterCompany: TPU
WaterSewerGarbage: 4467
Schools
Junior High Dist: Tacoma
Lot Info
Parcel Number: 2008260010
Lot Size Acres: 0.0574
Lot Size Sq Ft: 2500
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
MLSLotSizeSource: realist
ZoningJurisdiction: City
Green Features
Efficiency: Thermal Windows
Power Production Type: Electric
Rental Info
Furnished: Unfurnished
GrossRentMultiplier: 21
LeasedItems: None
TotalMonthlyIncome: 1970
Multi Family
Gross Scheduled Income: 23640
Net Operating Income: 13359
Number Of Units Total: 2
Electric Expense: 2500
Insurance Expense: 940
Leasable Area: 1540
UnitsInBuildingTotal: 2
UnitsBelowGrade: false
VacancyRate: 3
Tax Info
Year: 2019
Tax Annual Amount: 2374
Ownership History
DateNameOwned ForOwner Type
Jul 2019 - PresentPeterson Justin5 Years and 10 Months
Private Individual
Purchase Details
Listed on
Jun 10, 2019
Closed on
Jul 11, 2019
Sold by
Sweeney Aaron J
Bought by
Peterson Justin
Seller's Agent
Michael McNiel
Engel & Voelkers Chambers Bay
Buyer's Agent
Christopher Seim
eXp Realty
List Price
$288,000
Sold Price
$288,000
Total Days on Market
2
Current Estimated Value
$465,504
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,504
Avg. Annual Appreciation
7.91%
Original Mortgage
$294,192
Outstanding Balance
$260,481
Interest Rate
3.82%
Mortgage Type
VA
Estimated Equity
$189,119
Jul 2019 - Jul 2019Peterson JustinLess than a month
Private Individual
Purchase Details
Listed on
Jun 10, 2019
Closed on
Jul 1, 2019
Sold by
Jones Melanie and Peterson Justin
Bought by
Peterson Justin
Seller's Agent
Michael McNiel
Engel & Voelkers Chambers Bay
Buyer's Agent
Christopher Seim
eXp Realty
List Price
$288,000
Sold Price
$288,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$294,192
Outstanding Balance
$260,481
Interest Rate
3.82%
Mortgage Type
VA
Estimated Equity
$189,119
Dec 2005 - Jul 2019Sweeney Aaron J13 Years and 7 Months
Private Individual
Purchase Details
Closed on
Dec 7, 2005
Sold by
Sweeney Krista L
Bought by
Sweeney Aaron J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$137,250
Interest Rate
6.31%
Mortgage Type
Fannie Mae Freddie Mac
Mar 2005 - Dec 2005Lindsey Christopher M and Lindsey Christina M9 Months
Private Individual
Purchase Details
Closed on
Mar 25, 2005
Sold by
Martin Luther King Housing Development A
Bought by
Lindsey Christopher M and Lindsey Christina M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,800
Interest Rate
8.05%
Mortgage Type
Purchase Money Mortgage
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Source: Northwest Multiple Listing Service (NWMLS)
Tax History Compared to Growth
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax 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.
This home is located at 1310 S 8th St, Tacoma, WA 98405 since 10 June 2019 and is currently estimated at $465,504, approximately $302 per square foot. This property was built in 1890. 1310 S 8th St is a home located in Pierce County with nearby schools including Bryant Montessori School, Hilltop Heritage Middle School, and Stadium High School.
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