Listed by Keller Williams Rty Tacoma
$1,350,000

Estimated payment $8,177/month

10 Beds
8 Baths
6,720 Sq Ft
$201 Price per Sq Ft

Highlights

  • No HOA
  • Vinyl Plank Flooring
  • Property is in very good condition
  • Stadium High School Rated A-
  • Baseboard Heating
  • 4-minute walk to Alderwood Park

About This Home

Prime NE Tacoma 4-Plex Investment Opportunity! Don’t miss this chance to acquire a well-maintained 4-plex in the heart of Northeast Tacoma, centrally located between Federal Way and Downtown Tacoma. This property offers two spacious 3-bedroom 2- bath units (approx. 1,760 sq. ft. each) and two large 2-bedroom 2- bath units (approx. 1,600 sq. ft. each)—each with dedicated parking space, a private garage and upper units have private balconies. This is a true value-add opportunity with upside potential through rent increases to market levels and the ability to implement utility bill-backs. A solid investment for seasoned owners or those looking to expand their portfolio in a desirable, high-demand rental market.

Listing Agent

Brian Thayer

Keller Williams Rty Tacoma License #72669 Listed on: 09/24/2025

Keller Williams Rty Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2436465

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,226

Year Built

  • Built in 1984

Lot Details

  • 9,110 Sq Ft Lot
  • Property is in very good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 6,720 Sq Ft Home
  • 2-Story Property

Flooring

  • Vinyl Plank
  • Vinyl

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking

Utilities

  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Ne Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0321238018

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,226

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1984
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 6720
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 10
  • Fireplace: No
  • Flooring: Vinyl, Vinyl Plank
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: Paved, Sidewalk
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 4
  • Open Parking: Yes
  • Total Parking Spaces: 8

Utilities

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

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 1

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 0321238018
  • Lot Size Acres: 0.2091
  • Lot Size Sq Ft: 9110
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 15.4
  • LeasedItems: None
  • TotalMonthlyIncome: 7300

Tax Info

  • Year: 2025
  • Tax Annual Amount: 12226

Multi Family

  • Number Of Units Total: 4
  • Electric Expense: 1
  • EnergySource: Electric
  • UnitsBelowGrade: false

Map

Range of Values:

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Average Value
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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 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 $12,226 $1,173,900 $280,000 $893,900
2024 $12,226 $1,133,900 $242,300 $891,600
2023 $12,226 $1,099,700 $235,500 $864,200
2022 $11,103 $1,101,700 $215,400 $886,300
2021 $10,961 $873,400 $161,500 $711,900
2019 $7,678 $741,700 $129,600 $612,100
2018 $7,832 $591,500 $120,800 $470,700
2017 $7,163 $496,300 $103,100 $393,200
2016 $6,815 $421,000 $73,700 $347,300
2014 $5,939 $392,400 $66,600 $325,800
2013 $5,939 $352,700 $58,900 $293,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2025 09/24/25 For Sale $1,350,000 -- $201 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $380,000 Trans
Warranty Deed -- Landamerica Rainier Title
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $304,000 Commercial
Previous Owner $124,000 Commercial
Closed $21,000 No Value Available
Closed $74,900 No Value Available
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2436465

Northwest Multiple Listing Service (NWMLS)

APN: 032123-8018