Listed by RE/MAX Northwest
$874,950
PENDING

3903 Mason Loop Rd Tacoma, WA 98409

South Tacoma Neighborhood

Estimated payment $5,925/month

Total Views 1,658
8 Beds
4 Baths
3,672 Sq Ft
$238 Price per Sq Ft

Highlights

  • Deck
  • Corner Lot
  • Travertine Flooring
  • Territorial View
  • Patio
  • Baseboard Heating

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 Listed on: 05/06/2025

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: Pending
  • Prev Status: Pending
  • Building Name: Mason Circle
  • New Construction: No
  • CalculatedSquareFootage: 3672
  • Special Features: VirtualTour
  • Cumulative Days on Market: 36

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
  • Security: Partially 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: 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
  • 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
05/23/2025 05/23/25 Pending -- -- --
05/20/2025 05/20/25 For Sale $874,950 0.0% $238 / Sq Ft
05/17/2025 05/17/25 Pending -- -- --
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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See All Homes in Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2371207

Northwest Multiple Listing Service (NWMLS)

APN: 555400-0040

Washington Pierce County Tacoma 98409 South Tacoma

3903 Mason Loop Rd, Tacoma, WA

This home is located at 3903 Mason Loop Rd, Tacoma, WA 98409 and is currently priced at $874,950, approximately $238 per square foot. This property was built in 1979. 3903 Mason Loop Rd is a home located in Pierce County with nearby schools including Whittier Elementary School, Wainwright Intermediate School, and Foss High School.

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Based on information submitted to the MLS GRID

Nearby Homes
Shane Klinkhammer
Listing Agent
Shane Klinkhammer
Section Image
RE/MAX Northwest
(253) 683-7596