Listed by Keller Williams Rlty Bellevue
$1,716,000

1521 E 38th St Unit 1-8 Tacoma, WA 98404

Eastside Neighborhood

Estimated payment $10,982/month

Total Views 1,501
16 Beds
8 Baths
6,400 Sq Ft
$268 Price per Sq Ft

Highlights

  • 0.45 Acre Lot
  • No HOA
  • Vinyl Plank Flooring
  • Corner Lot
  • Patio
  • Baseboard Heating

About This Home

2 rambler style 4plexes on separate parcels. 8 total units. All units 2 beds 1 bath. All units have been updated or fully remodeled. All new leases within the last year. All units occupied. All tenants current on rent. Tenants pay all utilities (w/s/g billed to landlord and billed back to tenants monthly) Landlord handles landscaping & pest control. Both roofs replaced along with attic remediation in 2023. W/D hookups in units. W/D belong to tenants and are not supplied by landlord. Uncovered parking on each parcel enough for 6 total cars per parcel.

Listing Agent

Wesley Jones

Keller Williams Rlty Bellevue License #50134

Keller Williams Rlty Bellevue

Co-Listing Agent

Ebbie Smith

Keller Williams Rlty Bellevue License #26900

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2374806

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,511

Year Built

  • Built in 1979

Lot Details

  • 0.45 Acre Lot
  • Lot Dimensions are 127.50'x167.10'
  • Corner Lot
  • 0320155007
  • Property is in good condition

Home Design

  • Composition Roof
  • Wood Composite

Interior Spaces

  • 6,400 Sq Ft Home
  • 1-Story Property

Flooring

  • Carpet
  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 8 Bathrooms

Parking

  • 12 Parking Spaces
  • Open Parking

Outdoor Features

  • Patio

Schools

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

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • East Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0320155005

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,511

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1979
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 6400
  • EffectiveYearBuiltSource: Public Records
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Multi-Family, Residential, See Remarks
  • Total Bedrooms: 16
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank, Carpet
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood Products
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 12
  • Open Parking: Yes
  • Total Parking Spaces: 12
  • ParkingUncoveredSpaces: 12

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 14400

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: 0320155005
  • Lot Size Acres: 0.45
  • Lot Size: 127.50'x167.10'
  • Lot Size Sq Ft: 19602
  • Additional Parcels Description: 0320155007
  • Zoning Description: Multi-Family,Residential,See Remarks
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.78
  • LeasedItems: None
  • TotalMonthlyIncome: 13261

Multi Family

  • Gross Scheduled Income: 159132
  • Net Operating Income: 121519
  • Number Of Units Total: 8
  • Insurance Expense: 2466
  • Leasable Area: 6400
  • EnergySource: Electric
  • UnitsInBuildingTotal: 8
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 16511

MLS Schools

  • Elementary School: Blix Elem

Map

Range of Values:

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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
05/20/2025 05/20/25 For Sale $1,716,000 -- $268 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2374806

Northwest Multiple Listing Service (NWMLS)

Washington Pierce County Tacoma 98404 Eastside

1521 E 38th St Unit 1-8, Tacoma, WA

Homes for Sale in Tacoma, WA

This home is located at 1521 E 38th St Unit 1-8, Tacoma, WA 98404 and is currently priced at $1,716,000, approximately $268 per square foot. This property was built in 1979. 1521 E 38th St Unit 1-8 is a home located in Pierce County with nearby schools including Blix Elementary School, First Creek Middle School, and Lincoln 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) 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. ©2025 NWMLS.

Nearby Homes
Wesley Jones
Listing Agent
Wesley Jones
Section Image
Keller Williams Rlty Bellevue
(253) 237-7879