Estimated Value: $882,365 - $916,000
Great investment property conveniently located in South Tacoma. 2 units are fully renovated with brand new flooring, cabinets, fixtures, appliances, water heaters and much more. 2 units are not renovated but well maintained, long term tenant in place. Update the 2 remaining units, and bring it up to market rent would bring the cap rate close to 7%. One unit just become vacant, live in one unit, and rent the other three out. Buyers to verify all information. Don't miss out on this opportunity!
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 1582477
Home Type
Est. Annual Taxes
Year Built
Lot Details
Home Design
Interior Spaces
Flooring
Parking
Community Details
Listing and Financial Details
$849,999
Investor Alert! This upgraded Quadplex offers significant potential, with current rents below market value. Each unit spans approximately 780 sqft and features 2 bedrooms and 1 full bathroom. Units come equipped with a range/stove, refrigerator, and dishwasher. Units 2 and 4 recently underwent cosmetic updates and are in excellent condition. The property includes parking spaces and ample
Indy Basra Every Door Real Estate
$889,000
Classic 60's rambler, brick 4 plex style. Landlords & tenants alike love these buildings because they're well built & the units have great, functional layouts. This one is no exception, w/timeless style & design that really enhances livability & allows the landlord to charge premium rents. Bring your cosmetic ideas, all the units need is some cosmetic updates & you've got a building well
Ethan Wing Windermere Central Sound
$1,095,000
Undeniably one of the best investments out there, this Mixed use two story building is perfect for owner occupant, investor or non profit. Shy 8000 sq feet of space on two levels, 5 apartment units upstairs and mainfloor has 90% office and one additional apartment is on main floor for ADA or special needs. included in building sale are (2) 1-car garage spaces off the alleyway and a lease with
Jeff Jensen Keller Williams Rty Tacoma
$885,000
Fully rented 4-plex in Tacoma!! This is being sold with the neighboring 4 plex at 4031 S Warner, MLS #2358318. Owner is willing to sell one or both listings together. Great location. Close to Tacoma Mall. Each unit has 2 bedrooms, 1 full bath, dining rm & living rm w/ fireplace. Kitchens have stove, refrigerator & dishwasher. Full sized washer & dryer. Each unit has a large inside storage room. 5
Darren Rivers Real Broker LLC
$885,000
Fully rented 4-plex in Tacoma!! This is being sold with the neighboring 4 plex at 4031 S Warner, MLS 2358306. Owner is willing to sell one or both listings together. Great location. Close to Tacoma Mall. Each unit has 2 bedrooms, 1 full bath, dining rm & living rm w/ fireplace. Kitchens have stove, refrigerator & dishwasher. Full sized washer & dryer. Each unit has a large inside storage room. 5
Darren Rivers Real Broker LLC
$698,000
Investors and house-hackers take note! This well-maintained triplex with a great Cap Rate will make an excellent addition to your real estate portfolio! Upstairs we have a 5 bedroom/2.25 bath home with open concept floorplan. Downstairs offers a large, fully remodeled 1 bed/1 bath unit w/ bonus room (could be converted to legal 2nd bedroom w/addition of window in bonus room) & a large studio
Aaron Nelson Skyline Properties, Inc.
$858,000
Rambler style 4plex. 4 above grade units. All units 2 beds 1 bath. All units have been previously fully renovated. All new leases within the last year. All tenants current on rent. Tenants pay all utilities (w/s/g billed to landlord and billed back to tenants monthly) Landlord manages landscaping in house and pays for pest control. Both roofs replaced along with attic remediation in 2023, sewer
Wesley Jones Keller Williams Rlty Bellevue
$858,000
Rambler style 4plex. 4 above grade units. All units 2 beds 1 bath. All units been fully renovated. All new leases within the last year. All units occupied. All tenants current on rent. Tenants pay all utilities (w/s/g billed to landlord and billed back to tenants monthly) Landlord manages landscaping in house and pays for pest control. Both roofs replaced along with attic remediation in 2023. W/D
Wesley Jones Keller Williams Rlty Bellevue
$874,950
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.
Shane Klinkhammer RE/MAX Northwest
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Gazipura Mahvish | -- | Wfg Natl Ttl Co Of Wa Llc | |
| Gazipura Mahvish | $622,500 | Wfg Natl Ttl Co Of Wa Llc | |
| 5 Star Homes Llc | $349,719 | Fidelity National Title | |
| Stephens Dennis R | $207,452 | Commonwealth Title Co | |
| Mcgoldrick James D | $153,520 | Chicago Title | |
| Johnson David L | -- | -- | |
| Johnson David L | $168,692 | -- | |
| Johnson David L | -- | -- |
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Gazipura Mahvish | $472,400 | |
| Closed | Gazipura Mahvish | $466,875 | |
| Previous Owner | 5 Star Homes Llc | $294,000 | |
| Previous Owner | 5 Star Homes Llc | $315,000 | |
| Previous Owner | Stephens Dennis R | $186,700 | |
| Previous Owner | Mcgoldrick James D | $40,000 | |
| Previous Owner | Johnson David L | $116,000 |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/08/2020 05/08/20 | Sold | $622,500 | -1.7% | $232 / Sq Ft |
| 03/24/2020 03/24/20 | Pending | -- | -- | -- |
| 03/22/2020 03/22/20 | For Sale | $633,000 | -- | $235 / Sq Ft |
| 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 | $7,080 | $704,400 | $202,700 | $501,700 |
| 2023 | $7,080 | $636,400 | $190,400 | $446,000 |
| 2022 | $6,481 | $663,000 | $187,200 | $475,800 |
| 2021 | $6,024 | $479,600 | $107,900 | $371,700 |
| 2019 | $4,410 | $398,800 | $94,000 | $304,800 |
| 2018 | $4,654 | $339,400 | $81,800 | $257,600 |
| 2017 | $4,027 | $294,700 | $59,600 | $235,100 |
| 2016 | $3,456 | $212,800 | $43,500 | $169,300 |
| 2014 | $3,073 | $198,800 | $42,300 | $156,500 |
| 2013 | $3,073 | $183,600 | $38,700 | $144,900 |
G
Seller's Agent in 2020
Grace Wang
VerraTerra
(425) 298-3490
19 Total Sales
Buyer's Agent in 2020
Daniel Garrison Smith
eXp Realty
(888) 317-5197
25 Total Sales
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 1582477
APN: 893502-4780
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