Listed by Keller Williams Rty Tacoma, Bought with Skyline Properties, Inc.
NOT LISTED FOR SALE

214 131st St S Unit 1-5 Tacoma, WA 98444

-- Bed
-- Bath
5,635 Sq Ft
0.5 Acres

Last Sold April 16, 2024

Last sale price $1,050,000 $186 Per Sq Ft

56 Days on Market

Highlights

  • 0.5 Acre Lot
  • No HOA
  • Baseboard Heating
  • Secluded Lot
  • Patio
  • Wood Siding

About This Home

As of April 2024

This 5 Unit is a great investment opportunity! The rent increase notice to $1,800 per month has been given to all tenants effective April 1st. In an ideal setting, just off Pacific Ave, on a dead-end street & tucked back from the road. Beautiful setting with a bubbling creek that flows through the property. Granite counters and a forever tile roof. NEW double panel vinyl windows and a whole lot to offer tenants. Each unit has 2 bedrooms and 1.5 bath + Laundry IN-UNIT !! GREAT LOCATION with Convenient freeway access, near schools, shopping, bus line, Pacific Lutheran University, Brookdale Golf Course. Owner will carry the contract at 4% interest, with $330K down, 30 amortization, with a 5 year call. This property has so much potential!

Last Agent to Sell the Property

Tom Byrne

Keller Williams Rty Tacoma License #35469 Listed on: 01/22/2024

Keller Williams Rty Tacoma

Last Buyer's Agent

Michael Fladseth

Skyline Properties, Inc. License #125802

Skyline Properties, Inc.

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2193375

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,471

Year Built

  • Built in 1984

Lot Details

  • 0.5 Acre Lot
  • Street terminates at a dead end
  • Secluded Lot

Home Design

  • Concrete Foundation
  • Tile Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 5,635 Sq Ft Home
  • 2-Story Property

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 10 Parking Spaces
  • Open Parking

Additional Features

  • Patio
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • Parkland Subdivision

Listing and Financial Details

  • Assessor Parcel Number 269500-217-2

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,471

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1984
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5635
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Tile
  • Lot Features: Dead End Street, Secluded
  • View: No
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Concrete Ribbon
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 10
  • Open Parking: Yes
  • Total Parking Spaces: 10
  • ParkingUncoveredSpaces: 10

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Elmhurst
  • SewerCompany: Pierce County Public Works
  • WaterCompany: Parkland Water
  • WaterSewerGarbage: 6680

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Franklin Pierce
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 269500-217-2
  • Lot Size Acres: 0.4989
  • Lot Size Sq Ft: 21733
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Patio
  • MLSLotSizeSource: Tax Records
  • MLSSquareFootageSource: Tax Records

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 11.11
  • LeasedItems: None
  • TotalMonthlyIncome: 9000

Multi Family

  • Gross Scheduled Income: 108000
  • Net Operating Income: 87670
  • Number Of Units Total: 5
  • Insurance Expense: 3100
  • Leasable Area: 5635
  • EnergySource: Electric
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: true
  • VacancyRate: 1

Tax Info

  • Year: 2023
  • Tax Annual Amount: 9471

MLS Schools

  • Elementary School: Buyer To Verify

Range of Values:

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Sold Price
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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 List to Sale Price per Sq Ft
04/16/2024 04/16/24 Sold $1,050,000 -12.5% $186 / Sq Ft
03/18/2024 03/18/24 Pending -- -- --
01/22/2024 01/22/24 For Sale $1,200,000 -- $213 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Tom Byrne

    Seller's Agent in 2024

    Tom Byrne

    Keller Williams Rty Tacoma

    (253) 318-0355

    2 in this area

    41 Total Sales

    Tom Byrne
    Section Image

  • M

    Buyer's Agent in 2024

    Michael Fladseth

    Skyline Properties, Inc

    (425) 455-2065

    1 in this area

    15 Total Sales

    Michael Fladseth
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2193375

Northwest Multiple Listing Service (NWMLS)
Washington Pierce County Tacoma 98444

214 131st St S Unit 1-5, Tacoma, WA

This home is located at 214 131st St S Unit 1-5, Tacoma, WA 98444 since 22 January 2024. This property was built in 1984. 214 131st St S Unit 1-5 is a home located in Pierce County with nearby schools including Brookdale Elementary School, Perry G. Keithley Middle School, and Washington 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) 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. ©2025 NWMLS.
Based on information submitted to the MLS GRID

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