Listed by Real Broker LLC, Bought with Windermere Prof Partners
NOT LISTED FOR SALE

Estimated Value: $850,336 - $912,000

8 Beds
4 Baths
3,176 Sq Ft
$277/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $850,000 $268 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $5,457/month

6 Days on Market

Highlights

  • Territorial View
  • Vinyl Plank Flooring
  • High Speed Internet
  • No HOA

About This Home

As of June 2022

Amazing opportunity to purchase a cash flowing 4plex in the heart of Tacoma, located in a row of 8 fully rented identical properties! Tacoma remains one of the fastest growing cities in the state with the light rail coming soon and nearby to JBLM. Huge increase in rents possible with this professionally managed property. Two units have been completely remodeled with the most recent at $1350/mo, still below market value of $1450/mo! Each unit is 2 bed, 1 bath with washer and dryer. Assigned parking for all units as well! Opportunity to live in a unit while renting the other 3!

Last Agent to Sell the Property

Kelcee Williams

Real Broker LLC License #22020610 Listed on: 04/06/2022

Real Broker LLC

Last Buyer's Agent

Sharon Bensin

Windermere Prof Partners License #2731

Windermere Prof Partners

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1912103

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,665

Year Built

  • Built in 1979

Lot Details

  • 6,050 Sq Ft Lot
  • Property is in good condition

Home Design

  • Quadruplex
  • Poured Concrete
  • Composition Roof
  • Wood Composite

Interior Spaces

  • 3,176 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl Plank

Parking

  • 5 Parking Spaces
  • Open Parking

Utilities

  • High Speed Internet
  • Cable TV Available

Community Details

  • No Home Owners Association
  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 2980000663

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,665

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • Buyer Agency Compensation: 3
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3176
  • SOCComments: Thank you!
  • Special Features: None
  • Cumulative Days on Market: 346

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl Plank, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Hardwood
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

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

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Heating Yn: Yes
  • Utilities: Cable Connected, High Speed Internet, Sewer Connected, Electric
  • PowerCompany: Tacoma
  • SewerCompany: Pierce County
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 0

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2980000663
  • Lot Size Acres: 0.1389
  • Lot Size Sq Ft: 6050
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,High Speed Internet
  • MLSLotSizeSource: Realist
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 15
  • LeasedItems: None
  • TotalMonthlyIncome: 4565

Multi Family

  • Gross Scheduled Income: 54552
  • Net Operating Income: 36429
  • Number Of Units Total: 4
  • Insurance Expense: 1200
  • Leasable Area: 3176
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 3

Tax Info

  • Year: 2021
  • Tax Annual Amount: 6665

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2022
Closed on
Jun 26, 2022
Sold by
Penalver Andre and Penalver Josiah
Bought by
Mitlite Properties Llc
Seller's Agent
Kelcee Williams
Real Broker LLC
Buyer's Agent
Sharon Bensin
Windermere Prof Partners
List Price
$850,000
Sold Price
$850,000
Current Estimated Value
$876,932

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,932
Avg. Annual Appreciation
0.74%
Original Mortgage
$637,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2022
Closed on
May 27, 2022
Sold by
Sital Kalantry
Bought by
Penalver Eduardo
Seller's Agent
Kelcee Williams
Real Broker LLC
Buyer's Agent
Sharon Bensin
Windermere Prof Partners
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2022
Closed on
May 23, 2022
Sold by
Lau and Katrina
Bought by
Penalver Andre and Penalver Josiah
Seller's Agent
Kelcee Williams
Real Broker LLC
Buyer's Agent
Sharon Bensin
Windermere Prof Partners
List Price
$850,000
Sold Price
$850,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$637,500
Interest Rate
5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 10, 2018
Closed on
Sep 21, 2018
Sold by
Traluch Sovann
Bought by
Lau Dudley and Ma Katrina
Buyer's Agent
Kelcee Williams
Real Broker LLC
List Price
$569,000
Sold Price
$520,000
Premium/Discount to List
-$49,000
-8.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.45%
Original Mortgage
$382,907
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 5, 2015
Closed on
Dec 30, 2015
Sold by
Traluch Sopheak M and Traluch Sovann
Bought by
Traluch Sovann
Seller's Agent
Jonn McYnturff
John L Scott Westwood
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.16%
Original Mortgage
$189,232
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Listed on
Sep 5, 2015
Closed on
Dec 23, 2015
Sold by
Nguyen Hoang
Bought by
Traluch Sovann
Seller's Agent
Jonn McYnturff
John L Scott Westwood
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,232
Interest Rate
3.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 16, 2005
Sold by
Davis Albert R and Davis Rachel
Bought by
Nguyen Hoang

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,750
Interest Rate
5.7%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 18, 2003
Sold by
Tacoma Pierce Properties Llc
Bought by
Davis Albert R and Davis Rachel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,250
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 5, 2003
Sold by
Wilson Brian P
Bought by
Tacoma Pierce Properties Llc

Purchase Details

Closed on
Nov 15, 2002
Sold by
Benson Shawn
Bought by
Wilson Brian P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
4.88%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 4, 2000
Sold by
Evans Richard P and Evans Maria C
Bought by
Benson Shawn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,500
Interest Rate
8.75%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mitlite Properties Llc -- None Listed On Document
Penalver Eduardo -- None Listed On Document
Penalver Josiah -- None Listed On Document
Penalver Andre -- None Listed On Document
Penalver Andre -- New Title Company Name
Lau Dudley $519,719 Rainier Title
Traluch Sovann -- Fidelity National Title
Traluch Sovann $304,719 Fidelity National Title
Nguyen Hoang $335,000 Stewart Title
Nguyen Hoang -- Stewart Title
Davis Albert R $255,000 Stewart Title
Tacoma Pierce Properties Llc -- --
Wilson Brian P $195,000 Rainier Title Company
Benson Shawn $293,176 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Penalver Andre $637,500
Previous Owner Penalver Andre $637,500
Previous Owner Lau Dudley $389,300
Previous Owner Lau Dudley $382,907
Previous Owner Traluch Sovann $189,232
Previous Owner Nguyen Hoang $83,750
Previous Owner Nguyen Hoang $217,750
Previous Owner Davis Albert R $191,250
Previous Owner Wilson Brian P $152,000
Previous Owner Benson Shawn $112,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2022 06/01/22 Sold $850,000 0.0% $268 / Sq Ft
04/12/2022 04/12/22 Pending -- -- --
04/06/2022 04/06/22 For Sale $850,000 +63.5% $268 / Sq Ft
10/10/2018 10/10/18 Sold $520,000 -6.3% $164 / Sq Ft
08/30/2018 08/30/18 Pending -- -- --
08/01/2018 08/01/18 Price Changed $554,900 -2.5% $175 / Sq Ft
07/10/2018 07/10/18 For Sale $569,000 +86.6% $179 / Sq Ft
12/31/2015 12/31/15 Sold $305,000 -6.2% $96 / Sq Ft
11/21/2015 11/21/15 Pending -- -- --
09/05/2015 09/05/15 For Sale $325,000 -- $102 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

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 $7,874 $805,400 $206,700 $598,700
2024 $7,874 $786,000 $199,800 $586,200
2023 $7,874 $707,900 $187,600 $520,300
2022 $7,129 $726,700 $183,900 $542,800
2021 $6,665 $530,700 $106,100 $424,600
2019 $4,656 $460,300 $92,400 $367,900
2018 $4,854 $358,400 $80,400 $278,000
2017 $4,202 $307,400 $58,400 $249,000
2016 $3,602 $221,800 $42,600 $179,200
2014 $3,192 $207,200 $41,500 $165,700
2013 $3,192 $191,400 $38,000 $153,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1912103

Northwest Multiple Listing Service (NWMLS)

APN: 298000-0663