Listed by Better Properties N. Proctor, Bought with Better Properties Real Estate
NOT LISTED FOR SALE
-- Bed
-- Bath
10,033 Sq Ft
0.41 Acres

Last Sold September 30, 2022

Last sale price $3,625,000 $361 Per Sq Ft

Highlights

  • Views of a Sound
  • 0.41 Acre Lot
  • No HOA
  • Lowell Elementary School Rated A-
  • Deck
  • 2-minute walk to Old Town Park

About This Home

As of September 2022

First time on the market in decades! Same ownership for over 30 years. This property located in North Tacoma, which features 8 two-bedroom units and 8 one-bedroom units, has been a consistent income producer. Happy tenants + great location!In the heart of Old Town, this property is just a few blocks away from Ruston Way, shops, restaurants. Easy freeway access and just a short distance to Proctor & Stadium.With a low vacancy rate, this is a great addition to your investment portfolio!

Last Agent to Sell the Property

Joe Carbajal

Better Properties N. Proctor License #21001520 Listed on: 08/12/2022

Better Properties N. Proctor

Co-Listed By

Mark Hulen

Better Properties Real Estate License #50093

Last Buyer's Agent

Jacob Lawson

Better Properties Real Estate License #126664

Better Properties Real Estate

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1983014

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $24,741

Year Built

  • Built in 1968

Lot Details

  • 0.41 Acre Lot
  • Sprinkler System
  • Property is in very good condition

Property Views

  • Views of a Sound
  • Limited Views

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding
  • Wood Composite

Interior Spaces

  • 10,033 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Wall to Wall Carpet
  • Vinyl

Parking

  • 24 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Schools

  • Lowell Elementary School
  • Hilltopheritagemiddle School
  • Stadium High School

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Old Town Subdivision

Listing and Financial Details

  • Assessor Parcel Number 891000-103-0

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$24,741

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1968
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 10033
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Multi-Family, Office
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Coin Op Laundry,Storage,Thermal Windows

Exterior Features

  • Roof: Composition
  • View: Partial, Sound
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood, Wood Products
  • Foundation Details: Poured Concrete
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 24
  • Open Parking: Yes
  • Total Parking Spaces: 24
  • ParkingUncoveredSpaces: 24

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electricity Available
  • HeatingCoolingType: Baseboard
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 21241

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Stadium
  • Middle Or Junior School: HilltopHeritageMiddle

Lot Info

  • Parcel Number: 891000-103-0
  • Lot Size Acres: 0.4132
  • Lot Size Sq Ft: 18000
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,High Speed Internet,Patio,Sprinkler System
  • MLSLotSizeSource: Realist
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family,Office

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 1.65
  • LeasedItems: None
  • TotalMonthlyIncome: 18144

Multi Family

  • Gross Scheduled Income: 217723
  • Net Operating Income: 106454
  • Insurance Expense: 6204
  • Leasable Area: 9584
  • EnergySource: Electric
  • UnitsInBuildingTotal: 16
  • UnitsBelowGrade: false
  • VacancyRate: 6

Tax Info

  • Year: 2021
  • Tax Annual Amount: 24741

MLS Schools

  • Elementary School: Lowell

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
09/30/2022 09/30/22 Sold $3,625,000 +0.7% $361 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/12/2022 08/12/22 For Sale $3,599,950 -- $359 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1983014

Northwest Multiple Listing Service (NWMLS)