Listed by Keller Williams Realty Bothell
$1,200,000

18808 38th Ave E Tacoma, WA 98446

Estimated payment $7,508/month

Total Views 867
8 Beds
4 Baths
3,632 Sq Ft
$330 Price per Sq Ft

Highlights

  • RV Access or Parking
  • No HOA
  • Baseboard Heating
  • 3.78 Acre Lot
  • Vinyl Plank Flooring
  • Wood Siding

About This Home

Rare opportunity to own two side-by-side duplexes on 3.78 acres in Tacoma’s Spanaway area. Updated units feature vinyl windows, LVP flooring, modern kitchens, and baths. Each offers 2BR/1BA layouts with washer/dryer and single-car garage. Recent roofs ( 5 yrs). Unique value-add with a 21,000 SF secured yard—chain-link fenced, barbed wire top, rolling gate—perfect for RV/boat storage, contractor yard, or fleet parking. Two tax parcels with shared water meter, septic system, and (2) functional wells. Seller financing available.

Listing Agent

Corey Crain

Keller Williams Realty Bothell License #26492 Listed on: 08/22/2025

Keller Williams Realty Bothell

Co-Listing Agent

Jesse Snowden

Keller Williams Realty Bothell License #250160071

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2424703

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,779

Year Built

  • Built in 1978

Lot Details

  • 3.78 Acre Lot
  • 0319358025
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,632 Sq Ft Home
  • 1-Story Property
  • Vinyl Plank Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • 4 Covered Spaces
  • Open Parking
  • RV Access or Parking

Utilities

  • Baseboard Heating
  • Radiant Heating System
  • Heating System Mounted To A Wall or Window
  • Overhead Utilities
  • Septic Tank

Community Details

  • No Home Owners Association
  • Frederickson Subdivision

Listing and Financial Details

  • Assessor Parcel Number 031935059

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,779

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1978
  • MLS Status: Active
  • Prev Status: Active
  • New Construction: No
  • CalculatedSquareFootage: 3632
  • EffectiveYearBuiltSource: Public Records
  • SOCComments: Broker must be present at all showings.
  • Special Features: None
  • Cumulative Days on Market: 14

Interior Features

  • Possible Use: Multi-Family
  • Possible Bedrooms: 8
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl Plank
  • Stories: 1
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • Lot Features: High Voltage Line
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Good
  • Structure Type: Quadruplex

Garage/Parking

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

Utilities

  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Radiant, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Tacoma Power
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 4440

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Bethel

Lot Info

  • Parcel Number: 031935059
  • Lot Size Acres: 3.78
  • Lot Size Sq Ft: 164657
  • Additional Parcels Description: 0319358025
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: RV Parking
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 12.39
  • LeasedItems: None
  • TotalMonthlyIncome: 8070

Multi Family

  • Gross Scheduled Income: 96840
  • Net Operating Income: 66260
  • Number Of Units Total: 4
  • Insurance Expense: 2166
  • Leasable Area: 3768
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2025
  • Tax Annual Amount: 11779

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

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 $5,814 $525,900 $254,800 $271,100
2024 $5,814 $527,400 $265,600 $261,800
2023 $5,814 $499,500 $256,600 $242,900
2022 $5,142 $461,500 $244,000 $217,500
2021 $4,695 $330,700 $153,200 $177,500
2019 $3,216 $289,300 $132,800 $156,500
2018 $3,587 $259,300 $119,500 $139,800
2017 $3,243 $226,500 $106,200 $120,300
2016 $3,040 $187,800 $87,400 $100,400
2014 $2,615 $177,700 $82,800 $94,900
2013 $2,615 $160,200 $71,500 $88,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/22/2025 08/22/25 For Sale $1,200,000 -- $330 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $240,000 Ticor Title Of Wa Inc
Warranty Deed $206,000 First American Title Ins Co
Warranty Deed -- Chicago Title
Warranty Deed $112,500 Chicago Title
Contract Of Sale $110,000 Chicago Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $668,000 Commercial
Closed $182,000 Unknown
Previous Owner $164,800 Purchase Money Mortgage
Previous Owner $100,000 No Value Available
Closed $41,200 No Value Available
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2424703

Northwest Multiple Listing Service (NWMLS)

APN: 031935-4059