Listed by Greater Puget Sound Realty LLC, Bought with TD Home Team Inc
NOT LISTED FOR SALE

1509 E 38th St Tacoma, WA 98404

Eastside Neighborhood

Estimated Value: $846,898 - $870,000

8 Beds
4 Baths
3,116 Sq Ft
$275/Sq Ft Est. Value

Sale Details

Date Sold: February 2, 2024

Last sale price $810,000 $260 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $5,328 / mo

73 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Wood Siding
  • Vinyl Plank Flooring

About This Home

As of February 2024

Incredible 4Plex turnkey investment opportunity to add to an existing portfolio or for a beginning investor to start building wealth. 1 unit left intentionally vacant to allow buyer to owner occupy and possibly take advantage of new lending guidelines. All units are very high demand 2 bed / 1 bath affordable housing with upside on rents. W/S/G paid by owner with bill back utilities paid by tenants. Roof replaced in 2022. All units have been updated within the last 5 years. Don't miss this opportunity to start or enhance your real estate portfolio.

Last Agent to Sell the Property

Brian Billones

Greater Puget Sound Realty LLC License #73831 Listed on: 10/13/2023

Last Buyer's Agent

Trong Dang

TD Home Team Inc License #24333

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2170420

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,140

Year Built

  • Built in 1980

Lot Details

  • 9,665 Sq Ft Lot
  • Street terminates at a dead end
  • Property is in good condition

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,116 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Vinyl Plank

Schools

  • Blix Elementary School
  • First Creek Mid Middle School
  • Lincoln High School

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • East Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2100500040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,140

Year Built

Built in 1980

Lot Details

9,665 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1980
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • Structure Type: Quadruplex
  • CalculatedSquareFootage: 3116
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Curbs, Dead End Street, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • ConstructionMethods: Standard Frame

Garage/Parking

  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

  • Sewer: Available
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • CableConnected: Comcast
  • InternetConnected: Comcast

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Lincoln High
  • Middle Or Junior School: First Creek Mid

Lot Info

  • Parcel Number: 2100500040
  • Lot Size Acres: 0.2219
  • Lot Size Sq Ft: 9665
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: Public
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.19
  • LeasedItems: None
  • TotalMonthlyIncome: 5807

Tax Info

  • Year: 2023
  • Tax Annual Amount: 7140

Multi Family

  • Number Of Units Total: 4
  • EnergySource: Electric
  • UnitsBelowGrade: false

MLS Schools

  • Elementary School: Blix Elem

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2023
Closed on
Jan 31, 2024
Sold by
Bought by
Seller's Agent
Brian Billones
Greater Puget Sound Realty LLC
Buyer's Agent
Trong Dang
TD Home Team Inc
List Price
$850,000
Sold Price
$810,000
Premium/Discount to List
-$40,000
-4.71%
Views
18
Current Estimated Value
$858,449

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,449
Avg. Annual Appreciation
2.41%
Original Mortgage
$687,000
Interest Rate
0.0661%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 2017
Sold by
Bought by

Purchase Details

Closed on
Jan 9, 2017
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$277,500
Interest Rate
0.0408%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 30, 2015
Sold by
Bought by

Purchase Details

Closed on
May 28, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
0.0581%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 2008
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$239,000
Interest Rate
0.0581%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 3, 2007
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$271,150
Interest Rate
0.063%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 27, 2005
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$810,000 Fidelity National Title
-- Fidelity National Title
$369,719 Fidelity National Title
$304,269 Puget Sound Title Tacoma
-- None Available
$319,000 Puget Sound Title Company
$319,000 Lawyers Title Agency Of Sout
$1,200,000 Lawyers Title Agency Of Sout
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $687,000
Previous Owner $277,500
Previous Owner $239,000
Previous Owner $271,150
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
02/02/2024 02/02/24 Sold $810,000 -1.8% $260 / Sq Ft
12/25/2023 12/25/23 Pending -- -- --
12/18/2023 12/18/23 Price Changed $825,000 -2.9% $265 / Sq Ft
11/24/2023 11/24/23 For Sale $850,000 0.0% $273 / Sq Ft
10/22/2023 10/22/23 Pending -- -- --
10/13/2023 10/13/23 For Sale $850,000 -- $273 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,975 $774,600 $192,600 $582,000
2024 $7,975 $754,600 $185,300 $569,300
2023 $7,975 $717,000 $172,600 $544,400
2022 $6,986 $694,000 $184,200 $509,800
2021 $6,416 $510,900 $115,100 $395,800
2019 $5,097 $426,100 $95,900 $330,200
2018 $5,051 $392,400 $76,700 $315,700
2017 $4,167 $319,900 $60,100 $259,800
2016 $3,355 $204,800 $40,300 $164,500
2014 $2,745 $193,000 $39,100 $153,900
2013 $2,745 $165,900 $34,300 $131,600
Source: Public Records

Agents Affiliated with this Home

  • Brian Billones

    Seller's Agent in 2024

    Brian Billones

    Greater Puget Sound Realty LLC

    (206) 218-9069

    1 in this area

    38 Total Sales

    Brian Billones
    Section Image
  • Trong Dang

    Buyer's Agent in 2024

    Trong Dang

    TD Home Team Inc

    (206) 919-7651

    5 in this area

    41 Total Sales

    Trong Dang
    Section Image
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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2170420

Northwest Multiple Listing Service (NWMLS)

APN: 210050-0040

Washington Pierce County Tacoma 98404 Eastside

1509 E 38th St, Tacoma, WA

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. ©2026 NWMLS.
Based on information submitted to the MLS GRID
Listings courtesy of Northwest Multiple Listing Service (NWMLS) as distributed by MLS GRID

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