This turn key 4 plex represents a rare opportunity on a large corner lot in the North Tacoma neighborhood. The two upper units are 2/1 (1050 sq') with full fenced back yards while the lower units are 1/1 (850Sq') w/ space to convert to 2 beds. Every unit has a fireplace. A two car garage on one side which the current owner keeps for themselves and a carport on the other side. Two car garage potential spaces for DADU? There are several recent upgrades: New roof, gutters, windows, electric panels w/ separate meters (4), 3/4 units have new carpet, vinyl planking, all new dishwashers, counter tops and remodeled bathrooms. $160,000 in recent upgrades! Close to University of Puget Sound. Very stable rental history. Easy street parking.
HomeSmart Real Estate AssocLicense #24112Listed on: 05/22/2025
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2378697
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$9,358
Year Built
Built in 1962
Lot Details
9,000 Sq Ft Lot
Partially Fenced Property
Corner Lot
Property is in average condition
Home Design
Quadruplex
Brick Exterior Construction
Poured Concrete
Composition Roof
Vinyl Construction Material
Interior Spaces
4,150 Sq Ft Home
2-Story Property
Flooring
Carpet
Vinyl Plank
Parking
3 Parking Spaces
2 Covered Spaces
Open Parking
Schools
Grant Elementary School
Hilltop Heritage Middle School
Stadium High School
Utilities
Baseboard Heating
High Speed Internet
Cable TV Available
Community Details
No Home Owners Association
North Tacoma Subdivision
Listing and Financial Details
Assessor Parcel Number 2037290050
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$9,358
Year Built
Built in 1962
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 54 - 4-Plex
Year Built: 1962
MLS Status: Active
Prev Status: Active
New Construction: No
CalculatedSquareFootage: 4150
SOCComments: Seller is willing to negotiate this.
Special Features: None
Cumulative Days on Market: 96
Interior Features
Fireplace: No
Flooring: Vinyl Plank, Carpet
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Amenities: Coin Op Laundry
Exterior Features
Roof: Composition
Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
View: No
Waterfront: No
Construction Type: Brick, Metal/Vinyl
Exterior Features: Brick, Metal/Vinyl
Foundation Details: Poured Concrete
Property Condition: Average
Structure Type: Quadruplex
Garage/Parking
Carport Spaces: 1
Carport Y N: No
Covered Parking Spaces: 2
Open Parking Spaces: 1
Open Parking: Yes
Total Parking Spaces: 3
ParkingUncoveredSpaces: 1
Utilities
Sewer: Sewer Connected
Water Source: Public
Security: Partially Fenced
Cooling: None
Cooling Y N: No
Heating: Baseboard
Heating Yn: Yes
PowerCompany: TPU
SewerCompany: Pierce
WaterCompany: TPU
WaterSewerGarbage: 4692
Condo/Co-op/Association
Senior Community: No
Association: No
Fee Information
NWM_OtherDuesOrFeesYN: false
Schools
Junior High Dist: Tacoma
High School: Stadium
Middle Or Junior School: Hilltop Heritage Middle
Lot Info
Parcel Number: 2037290050
Lot Size Acres: 0.2066
Lot Size Sq Ft: 9000
Irrigation Water Rights: No
ShowMapLink: true
SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
MLSLotSizeSource: Realist
MLSSquareFootageSource: Realist
ZoningJurisdiction: City
Green Features
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 17.6
LeasedItems: Washer/Dryer
TotalMonthlyIncome: 6075
Multi Family
Gross Scheduled Income: 71061
Net Operating Income: 52623
Number Of Units Total: 4
Insurance Expense: 2482
Leasable Area: 4150
EnergySource: Electric
UnitsInBuildingTotal: 4
UnitsBelowGrade: true
VacancyRate: 0
Tax Info
Year: 2024
Tax Annual Amount: 9358
MLS Schools
Elementary School: Grant
Map
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
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.
Land
Improvement
2025
$9,358
$923,000
$386,500
$536,500
2024
$9,358
$915,100
$362,900
$552,200
2023
$9,358
$841,500
$323,400
$518,100
2022
$8,370
$867,900
$377,100
$490,800
2021
$8,278
$659,400
$249,800
$409,600
2019
$7,278
$607,100
$207,400
$399,700
2018
$8,131
$560,600
$183,800
$376,800
2017
$7,144
$515,300
$162,300
$353,000
2016
$7,004
$414,000
$111,900
$302,100
2014
$5,848
$403,300
$104,700
$298,600
2013
$5,848
$370,300
$88,300
$282,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
07/13/202507/13/25
For Sale
$1,249,000
0.0%
$301 / Sq Ft
07/10/202507/10/25
Pending
--
--
--
05/22/202505/22/25
For Sale
$1,249,000
--
$301 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
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This home is located at 1417 N 7th St, Tacoma, WA 98403 and is currently priced at $1,249,000, approximately $300 per square foot. This property was built in 1962. 1417 N 7th St is a home located in Pierce County with nearby schools including Grant Elementary School, Hilltop Heritage Middle School, and Stadium High School.
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