Estimated payment $3,906/month
About This Home
Conveniently located in Tea, this well-maintained 8-plex offers a strong rental history and excellent income potential. The property features seven spacious 2-bedroom/1-bath units and one 1-bedroom/1-bath unit, all with comfortable living rooms and open dining/kitchen combo layouts. Tenants enjoy ample on-site and off-street parking, on-site laundry, and the benefit of paying their own electricity. Each unit has been refreshed with updated flooring and paint upon turnover, helping keep the property attractive and rent-ready. Professionally managed by Alpine Property Management for added peace of mind. Don’t miss this solid multifamily investment—contact us today for more details or to schedule a showing!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,996
Year Built
- Built in 1975
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 150x90
Parking
- Paved Parking
Home Design
- Block Foundation
- Composition Roof
Interior Spaces
- 7,104 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
- Fire and Smoke Detector
Flooring
- Carpet
- Tile
- Vinyl
Laundry
- Dryer
- Washer
Schools
- Tea Area Venture Elementary School
- Tea Middle School
- Tea High School
Community Details
- 8 Units
- Peters Second Addn To Tea Subdivision
Map
Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 2024 | $7,319 | $390,975 | $42,900 | $348,075 |
| 2023 | $6,631 | $350,617 | $39,600 | $311,017 |
| 2022 | $4,311 | $311,599 | $39,600 | $271,999 |
| 2021 | $4,552 | $210,588 | $33,000 | $177,588 |
| 2020 | $4,810 | $210,588 | $33,000 | $177,588 |
| 2019 | $4,650 | $210,588 | $33,000 | $177,588 |
| 2018 | $4,711 | $210,588 | $0 | $0 |
| 2017 | $4,809 | $210,588 | $0 | $0 |
| 2016 | $4,859 | $210,588 | $0 | $0 |
| 2015 | $6,188 | $235,497 | $0 | $0 |
| 2014 | $6,188 | $235,497 | $0 | $0 |
| 2013 | -- | $235,497 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/14/2026 01/14/26 | For Sale | $640,000 | -- | $90 / Sq Ft |
Source: REALTOR® Association of the Sioux Empire
MLS Number: 22600283
APN: 240.15.01.002
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