Listed by CENTURY 21 Real Estate Center
$855,000
ACTIVE - UNDER CONTRACT $40K PRICE DROP

Estimated payment $5,542/month

Total Views 4,412
8 Beds
4 Baths
3,248 Sq Ft
$263 Price per Sq Ft

Highlights

  • Deck
  • Thermal Windows
  • Patio
  • Secluded Lot
  • Cul-De-Sac
  • Baseboard Heating

About This Home

HUGE PRICE DROP BELOW MARKET VALUE!!! Investors Dream! Opportunity knocks! Great Location! Well maintained 4-Unit Apartment complex. Beautifully manicured shrubs & trees, fully fenced corner lot. Each unit offers 2 bedrooms, 1 bath, deck or patio and 850 sf of living area. Updated kitchen with granite countertops & vinyl flooring, baths updated. Washer/Dryer hookup in each unit. Newer wall to wall carpet and a woodburning fireplace and carport parking space for each unit. All units currently leased, long-time tenants. Easy access to WA-16/I-5. Solid investment opportunity! Don't miss out!

Listing Agent

Rutha Thomas

CENTURY 21 Real Estate Center License #2026 Listed on: 06/20/2025

CENTURY 21 Real Estate Center

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2393924

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,129

Year Built

  • Built in 1979

Lot Details

  • 9,300 Sq Ft Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • Property is Fully Fenced
  • Secluded Lot
  • Property is in average condition

HOA Fees

  • $350 Monthly HOA Fees

Parking

  • 4 Parking Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding

Interior Spaces

  • 3,248 Sq Ft Home
  • 2-Story Property
  • Thermal Windows

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Deck
  • Patio

Schools

  • Whittier Elementary School
  • Hunt Middle School
  • Foss High School

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • Mason Circle Condos
  • South Tacoma Subdivision

Listing and Financial Details

  • Legal Lot and Block 19 / 3007
  • Assessor Parcel Number 5554000190

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,129

Year Built

Built in 1979

Lot Details

0

HOA Fees

$350 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • MLS Status: Contingent
  • Prev Status: ActiveUnderContract
  • Building Name: Mason Circle
  • New Construction: No
  • CalculatedSquareFootage: 3248
  • EffectiveYearBuiltSource: Public Records
  • Special Features: UnderContract

Interior Features

  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Thermal Windows

Exterior Features

  • Roof: Composition
  • Lot Features: Cul-De-Sac, Dead End Street, Paved, Secluded
  • View: No
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: Slab
  • Property Condition: Average
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: No
  • Open Parking: No
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 0

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: Fully Fenced
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 3550

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 350
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Tacoma
  • High School: Foss
  • Middle Or Junior School: Hunt

Lot Info

  • Parcel Number: 5554000190
  • Lot Size Acres: 0.2135
  • Lot Size Sq Ft: 9300
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Fully,Patio
  • MLSLotSizeSource: Pierce County
  • MLSSquareFootageSource: Pierce County
  • ZoningJurisdiction: City
  • LotNumber: 19

Green Features

  • Efficiency: Thermal Windows
  • Power Production Type: Electric, Wood

Rental Info

  • GrossRentMultiplier: 11
  • LeasedItems: None
  • TotalMonthlyIncome: 6250

Multi Family

  • Gross Scheduled Income: 78600
  • Net Operating Income: 64185
  • Number Of Units Total: 4
  • Electric Expense: 402
  • Insurance Expense: 2551
  • Leasable Area: 3248
  • EnergySource: Electric,Wood
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 0

Tax Info

  • Year: 2024
  • Tax Annual Amount: 8129

MLS Schools

  • Elementary School: Whittier

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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 $8,129 $790,200 $225,800 $564,400
2024 $8,129 $787,100 $218,200 $568,900
2023 $8,129 $730,800 $208,700 $522,100
2022 $7,228 $696,800 $204,300 $492,500
2021 $6,383 $508,200 $112,100 $396,100
2019 $4,926 $427,300 $90,300 $337,000
2018 $5,314 $379,200 $78,900 $300,300
2017 $4,810 $336,600 $59,500 $277,100
2016 $3,905 $262,700 $42,300 $220,400
2014 $3,782 $224,700 $41,000 $183,700
2013 $3,782 $189,800 $38,300 $151,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/16/2025 08/16/25 Price Changed $855,000 -2.3% $263 / Sq Ft
07/14/2025 07/14/25 Price Changed $875,000 -2.2% $269 / Sq Ft
06/20/2025 06/20/25 For Sale $895,000 -- $276 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $373,000 First American Title Ins Co
Warranty Deed $214,800 First American Title Ins Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $300,000 Commercial
Previous Owner $193,300 Commercial
Source: Public Records

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2393924

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0190