Listed by Skyline Properties, Inc., Bought with Commercial Advantage, LLC
$525,000
SOLD JAN 25, 2019
-- Bed
-- Bath
3,300 Sq Ft
3,750 Sq Ft Lot

Recently Sold

$159 Per Sq Ft

174 Days on Market

Highlights

  • City View
  • Property is in very good condition
  • Wall to Wall Carpet
  • Corner Lot
  • Partially Fenced Property
  • 2-minute walk to Gas Station Park

About This Home

As of August 2022

Don’t miss this RARE opportunity to acquire an updated 5-plex in Tacoma (1-2 bdrm and 4-1bdrm). This building has undergone a 100% complete renovation from the studs out. including roof, electric, plumbing, windows, siding, kitchens, baths, appliances, etc, 5 storage units on site approx. 5'x10' each, Laundry rm on site. Conveniently located close to the Tacoma Mall, I-5 and bus lines. Buyer to verify all information to own satisfaction.

Last Agent to Sell the Property

Martin Clark

Skyline Properties, Inc. License #96923 Listed on: 06/28/2018

Skyline Properties, Inc.

Last Buyer's Agent

Kate Stanford

Commercial Advantage, LLC License #10999

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1317852

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,818

Year Built

  • Built in 1911

Lot Details

  • 3,750 Sq Ft Lot
  • Partially Fenced Property
  • Corner Lot
  • Property is in very good condition

Home Design

  • Flat Roof Shape
  • Slab Foundation
  • Poured Concrete
  • Wood Composite

Interior Spaces

  • 3,300 Sq Ft Home
  • 2-Story Property
  • City Views

Flooring

  • Wall to Wall Carpet
  • Laminate
  • Vinyl

Parking

  • 5 Parking Spaces
  • Open Parking

Community Details

  • South Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 7785000250

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,818

Year Built

Built in 1911

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1911
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 3300
  • SOCComments: See Agent remarks.
  • Special Features: None
  • Cumulative Days on Market: 471

Interior Features

  • Possible Use: Commercial, Multi-Family
  • Fireplace: No
  • Flooring: Laminate, Vinyl, Carpet
  • Interior Amenities: Wall to Wall Carpet, Laminate Tile
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: City
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete, Slab
  • Property Condition: Very Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Open Parking Spaces: 5
  • Open Parking: Yes
  • Total Parking Spaces: 5
  • ParkingUncoveredSpaces: 5

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Security: FullyFenced
  • Heating Yn: Yes
  • Utilities: Natural Gas Available, Sewer Connected, Electric
  • PowerCompany: City of Tacoma Utilities
  • SewerCompany: City of Tacoma
  • WaterCompany: City of Tacoma
  • WaterSewerGarbage: 4500

Schools

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

Lot Info

  • Parcel Number: 7785000250
  • Lot Size Acres: 0.0861
  • Lot Size Sq Ft: 3750
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Fenced-Partially,Gas Available
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Commercial,Multi-Family

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 10
  • LeasedItems: None
  • TotalMonthlyIncome: 4415

Multi Family

  • Gross Scheduled Income: 52980
  • Net Operating Income: 36991
  • Number Of Units Total: 5
  • Electric Expense: 600
  • Insurance Expense: 2100
  • Leasable Area: 3300
  • UnitsInBuildingTotal: 5
  • UnitsBelowGrade: false
  • VacancyRate: 4

Tax Info

  • Year: 2018
  • Tax Annual Amount: 4818

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
08/15/2022 08/15/22 Sold $745,000 +0.7% $256 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
06/02/2022 06/02/22 For Sale $740,000 +41.0% $254 / Sq Ft
01/25/2019 01/25/19 Sold $525,000 0.0% $159 / Sq Ft
12/19/2018 12/19/18 Pending -- -- --
11/29/2018 11/29/18 For Sale $525,000 0.0% $159 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
09/30/2018 09/30/18 For Sale $525,000 0.0% $159 / Sq Ft
09/25/2018 09/25/18 Pending -- -- --
09/19/2018 09/19/18 Price Changed $525,000 0.0% $159 / Sq Ft
09/19/2018 09/19/18 For Sale $525,000 +1.9% $159 / Sq Ft
08/25/2018 08/25/18 Pending -- -- --
08/22/2018 08/22/18 Price Changed $515,000 -10.4% $156 / Sq Ft
08/10/2018 08/10/18 Price Changed $575,000 -4.2% $174 / Sq Ft
07/20/2018 07/20/18 Price Changed $600,000 -4.0% $182 / Sq Ft
06/28/2018 06/28/18 For Sale $625,000 +115.6% $189 / Sq Ft
05/08/2015 05/08/15 Sold $289,900 -3.3% $88 / Sq Ft
02/22/2015 02/22/15 Pending -- -- --
01/30/2015 01/30/15 For Sale $299,900 +233.2% $91 / Sq Ft
03/22/2013 03/22/13 Sold $90,000 -41.2% $54 / Sq Ft
02/27/2013 02/27/13 Pending -- -- --
09/22/2012 09/22/12 For Sale $152,950 -- $91 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1317852

Northwest Multiple Listing Service (NWMLS)