NOT LISTED FOR SALE
9 Beds
9 Baths
8,228 Sq Ft
0.31 Acres

Last Sold October 19, 2021

Last sale price $2,200,000 $267 Per Sq Ft

22 Days on Market

Highlights

  • Views of a Sound
  • 0.31 Acre Lot
  • Wood Siding
  • Lowell Elementary School Rated A-

About This Home

As of October 2021

INCOME GENERATING OPPORTUNITY! Spectacular location! Stunning 9 unit apartment complex with unobstructed views of Puget Sound, Mount Rainer, Vashon Island, Ruston Point and Port of Tacoma! Large parcel w/onsite parking, courtyard & garage. New Milgard dual pane windows, new exterior doors, new awnings, new exterior paint, new tankless water & radiant heaters. Both the Building & exterior grounds are well maintained with exterior lighting, security cameras & professional landscaping This asset offers rental diversity with 1 studio unit, three 2 bedroom units, four 1 bedroom units and one 3 bedroom unit (owner's unit w/Stadium Way address). Stabilized tenancy & separate electrical meters for each unit. Live on site potential or rent all.

Last Listed By

Jennifer Pretty

Acquisition Real Estate License #25146 Listed on: 04/15/2021

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1758588

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $17,900

Year Built

  • Built in 1894

Lot Details

  • 0.31

Home Design

  • Brick Exterior Construction
  • Poured Concrete
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 8,228 Sq Ft Home
  • 4-Story Property
  • Views of a Sound

Parking

  • 5 Parking Spaces
  • Open Parking

Additional Features

  • 0.31 Acre Lot
  • Cable TV Available

Community Details

  • Stadium District Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0321322009

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$17,900

Year Built

Built in 1894

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1894
  • Buyer Agency Compensation: 2.5
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 8228
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None
  • Cumulative Days on Market: 291

Interior Features

  • Possible Use: Multi-Family
  • Fireplace: No
  • Stories: 4
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • Amenities: Basement

Exterior Features

  • Roof: Torch Down
  • View: Sound
  • Lot Features: Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Exterior Features: Brick, Cement/Concrete, Wood
  • Foundation Details: Poured Concrete
  • Property Condition: Restored
  • 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
  • Cooling Y N: No
  • Heating Yn: No
  • PowerCompany: Tacoma PUD
  • SewerCompany: Tacoma PUD
  • WaterCompany: Tacoma PUD
  • WaterSewerGarbage: 11800

Condo/Co-op/Association

  • Senior Community: No

Schools

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

Lot Info

  • Parcel Number: 0321322009
  • Lot Size Acres: 0.3068
  • Lot Size Sq Ft: 13365
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • SiteFeatures: Cable TV
  • MLSLotSizeSource: County
  • ZoningJurisdiction: City
  • ZoningClass: Multi-Family

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 13
  • LeasedItems: None
  • TotalMonthlyIncome: 14500

Multi Family

  • Gross Scheduled Income: 174000
  • Net Operating Income: 112738
  • Number Of Units Total: 9
  • Electric Expense: 2700
  • Insurance Expense: 5950
  • Leasable Area: 8539
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 9
  • UnitsBelowGrade: false
  • VacancyRate: 5

Tax Info

  • Year: 2020
  • Tax Annual Amount: 17900
  • AdditionalTaxIds: 0321322501

MLS Schools

  • Elementary School: Buyer To Verify

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
10/19/2021 10/19/21 Sold $2,200,000 -3.3% $267 / Sq Ft
05/07/2021 05/07/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $2,275,000 -- $276 / 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: 1758588

Northwest Multiple Listing Service (NWMLS)

APN: 032132-200-9