Listed by RE/MAX Northwest
$874,950

Estimated payment $5,902/month

Total Views 176
8 Beds
4 Baths
3,672 Sq Ft
$238 Price per Sq Ft

Highlights

  • Very Popular Property
  • Territorial View
  • Patio
  • Deck
  • Corner Lot
  • Travertine Flooring

About This Home

Well maintained 4 plex just waiting for the right investor or owner occupant for the best in house hacking! Investors can enjoy a proforma 6.8% cap rate. Each unit has 2 bedrooms and 1 bathroom with 918 sf, washer/dryer in unit, a fireplace as well as a covered deck or patio. There are 8 uncovered parking spots. Newer roof, new fence, newly landscaped. Unit C is vacant, is available for showing. Units C and D have both been updated. Proforma rent (if Units A&B were refreshed) are $1,800 / unit. All units currently month to month terms. Great access to I-5 and 16 for easy commute. South Tacoma undergoing redevelopment and improvement! Get in early!

Listing Agent

Shane Klinkhammer

RE/MAX Northwest License #127507

RE/MAX Northwest

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2371207

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,657

Year Built

  • Built in 1979

Lot Details

  • 10,800 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot

HOA Fees

  • $330 Monthly HOA Fees

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Wood Siding
  • Stucco
  • Wood Composite

Interior Spaces

  • 3,672 Sq Ft Home
  • 2-Story Property
  • Territorial Views

Flooring

  • Carpet
  • Travertine
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Parking

  • 8 Parking Spaces
  • Open Parking

Outdoor Features

  • Deck
  • Patio

Utilities

  • Baseboard Heating
  • High Speed Internet
  • Cable TV Available

Community Details

  • Mason Circle Condos
  • South Tacoma Subdivision

Listing and Financial Details

  • Tax Lot 2165
  • Assessor Parcel Number 5554000040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,657

Year Built

Built in 1979

Lot Details

0

HOA Fees

$330 per month

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 54 - 4-Plex
  • Year Built: 1979
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: Mason Circle
  • New Construction: No
  • CalculatedSquareFootage: 3672
  • Special Features: VirtualTour
  • Cumulative Days on Market: 2

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 8
  • Fireplace: No
  • Flooring: Travertine, Vinyl, Carpet
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0

Exterior Features

  • Roof: Composition
  • View: Territorial
  • Lot Features: Corner Lot, Curbs, Paved
  • View: Yes
  • Waterfront: No
  • Construction Type: Stucco, Wood
  • Exterior Features: Stucco, Wood, Wood Products
  • Foundation Details: Slab
  • Structure Type: Quadruplex

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 8
  • Open Parking: Yes
  • Total Parking Spaces: 8
  • ParkingUncoveredSpaces: 8

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard
  • Heating Yn: Yes
  • PowerCompany: Tacoma Public Utilities
  • SewerCompany: Tacoma Public Utilities
  • WaterCompany: Tacoma Public Utilities
  • WaterSewerGarbage: 2548

Condo/Co-op/Association

  • Senior Community: No
  • Association Fee: 330
  • Association Fee Frequency: Monthly
  • Association: Yes

Fee Information

  • Annual Fuel Expense: 2548
  • NWM_OtherDuesOrFeesYN: false

Schools

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

Lot Info

  • Parcel Number: 5554000040
  • Lot Size Acres: 0.2479
  • Lot Size Sq Ft: 10800
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
  • MLSLotSizeSource: Realist
  • MLSSquareFootageSource: Realist
  • LotNumber: 2165

Green Features

  • Power Production Type: Electric

Rental Info

  • GrossRentMultiplier: 10.12
  • LeasedItems: None
  • TotalMonthlyIncome: 7200

Multi Family

  • Gross Scheduled Income: 86400
  • Net Operating Income: 60207
  • Number Of Units Total: 4
  • Electric Expense: 2548
  • Insurance Expense: 4278
  • Leasable Area: 3672
  • EnergySource: Electric
  • UnitsInBuildingTotal: 4
  • UnitsBelowGrade: false
  • VacancyRate: 1

Tax Info

  • Year: 2025
  • Tax Annual Amount: 8657

MLS Schools

  • Elementary School: Buyer To Verify

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
2024 $8,657 $824,600 $225,000 $599,600
2023 $8,657 $778,400 $215,200 $563,200
2022 $7,680 $738,800 $211,900 $526,900
2021 $6,786 $540,400 $116,300 $424,100
2019 $5,210 $458,000 $93,600 $364,400
2018 $5,638 $401,100 $81,800 $319,300
2017 $5,104 $357,100 $62,100 $295,000
2016 $4,141 $278,900 $44,100 $234,800
2014 $4,008 $238,300 $42,800 $195,500
2013 $4,008 $201,000 $40,000 $161,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/06/2025 05/06/25 For Sale $874,950 -- $238 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed $229,000 Chicago Title
Warranty Deed -- --
Warranty Deed -- --
Trustee Deed $141,080 --
Warranty Deed $168,692 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $248,689 Commercial
Closed $273,800 Commercial
Closed $225,461 FHA
Previous Owner $123,750 Commercial
Previous Owner $147,900 Assumption
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2371207

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0040