Listed by Real Broker LLC, Bought with American Dream Realty, LLC
$1,212,500
SOLD APR 4, 2025

3402 S M St Tacoma, WA 98418

South End Neighborhood
12 Beds
6 Baths
5,848 Sq Ft
10,402 Sq Ft Lot

Recently Sold

$207 Per Sq Ft

19% Below List Price

56 Days on Market

Highlights

  • Deck
  • Baseboard Heating
  • Carpet
  • No HOA
  • Wood Siding

About This Home

As of April 2025

Cash flowing 6 plex with adjacent 1/2 acre parcel. 2 of the 6 units have been remodeled. Newer windows and fresh exterior paint. Each unit comes with their own storage unit. Two coin operated washers and two coin operated dryers to generate additional income. Professionally managed. 6 plex alone recently appraised for 1.38M apart from the vacant lot. Appraisal to be provided with mutual contract. Allow cash flow from 6plex to fund your debt service while you develop the Adjacent Parcel: 0320084103.

Last Agent to Sell the Property

Andrew Taylor

Real Broker LLC License #109631 Listed on: 12/05/2024

Real Broker LLC

Last Buyer's Agent

Julie Hitchcock

American Dream Realty, LLC License #25083

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2314518

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,185

Year Built

  • Built in 1967

Lot Details

  • 10,402 Sq Ft Lot
  • 0320084048,0320084103

Home Design

  • Poured Concrete
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 5,848 Sq Ft Home
  • 2-Story Property

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Bathrooms

Parking

  • 6 Parking Spaces
  • Open Parking

Additional Features

  • Deck
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0320084057

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,185

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1967
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 5848
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 82

Interior Features

  • Possible Use: Multi-Family, Residential
  • Total Bedrooms: 12
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 6
  • Open Parking: Yes
  • Total Parking Spaces: 6
  • ParkingUncoveredSpaces: 6

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: TPU
  • SewerCompany: TPU
  • WaterCompany: TPU
  • WaterSewerGarbage: 15759

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma
  • High School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify

Lot Info

  • Parcel Number: 0320084057
  • Lot Size Acres: 0.2388
  • Lot Size Sq Ft: 10402
  • Additional Parcels Description: 0320084048,0320084103
  • Zoning Description: Multi-Family,Residential
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Deck
  • MLSLotSizeSource: Public Records
  • MLSSquareFootageSource: Public Records
  • ZoningJurisdiction: City

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 13.34
  • LeasedItems: None
  • TotalMonthlyIncome: 8075

Multi Family

  • Gross Scheduled Income: 97440
  • Net Operating Income: 45139
  • Number Of Units Total: 6
  • Electric Expense: 1505
  • Insurance Expense: 2700
  • Leasable Area: 5848
  • EnergySource: Electric
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: false
  • VacancyRate: 10

Tax Info

  • Year: 2024
  • Tax Annual Amount: 11185

MLS Schools

  • Elementary School: Buyer To Verify

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Range of Values:

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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 Change Sq Ft Price
04/04/2025 04/04/25 Sold $1,212,500 -3.0% $207 / Sq Ft
01/30/2025 01/30/25 Pending -- -- --
01/30/2025 01/30/25 Price Changed $1,250,000 -3.8% $214 / Sq Ft
01/09/2025 01/09/25 Price Changed $1,300,000 -7.1% $222 / Sq Ft
12/16/2024 12/16/24 Price Changed $1,400,000 -6.7% $239 / Sq Ft
12/05/2024 12/05/24 For Sale $1,500,000 +11.1% $256 / Sq Ft
11/05/2021 11/05/21 Sold $1,350,000 -3.6% $231 / Sq Ft
10/08/2021 10/08/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $1,400,000 +227.5% $239 / Sq Ft
11/20/2015 11/20/15 Sold $427,500 -6.9% $73 / Sq Ft
10/10/2015 10/10/15 Pending -- -- --
04/10/2015 04/10/15 For Sale $459,000 -- $78 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Andrew Taylor

    Real Broker LLC

    (855) 450-0442

    3 in this area

    6 Total Sales

    Andrew Taylor
    Section Image
  • Julie Hitchcock

    Buyer's Agent in 2025

    Julie Hitchcock

    American Dream Realty, LLC

    (253) 377-3990

    2 in this area

    29 Total Sales

    Julie Hitchcock
    Section Image
  • Ericia Lorentzen

    Buyer Co-Listing Agent in 2025

    Ericia Lorentzen

    American Dream Realty, LLC

    (253) 307-0770

    2 in this area

    30 Total Sales

    Ericia Lorentzen
    Section Image
  • David Zehm

    Seller's Agent in 2021

    David Zehm

    Dream Home Real Estate Inc

    (206) 714-5321

    1 in this area

    22 Total Sales

    David Zehm
    Section Image
  • Amy Lowry

    Seller's Agent in 2015

    Amy Lowry

    Windermere Professional Partners

    (253) 831-2526

    6 in this area

    85 Total Sales

    Amy Lowry
    Section Image
  • Brent Tornquist

    Seller Co-Listing Agent in 2015

    Brent Tornquist

    Windermere Professional Partners

    (253) 988-3756

    1 in this area

    102 Total Sales

    Brent Tornquist
    Section Image
See All Agents

Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2314518

Northwest Multiple Listing Service (NWMLS)

Washington Pierce County Tacoma 98418 South End

3402 S M St, Tacoma, WA

This home is located at 3402 S M St, Tacoma, WA 98418 and is currently priced at $1,212,500, approximately $207 per square foot. This property was built in 1967. 3402 S M St is a home located in Pierce County with nearby schools including Jennie Reed Elementary School, Angelo Giaudrone Middle School, and Lincoln 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) 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. ©2025 NWMLS.

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