1511 E 38th Street # 1-4 Tacoma, WA $ 875,000
1511 E 38th Street # 1-4
$ 875,000
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1511 E 38th Street # 1-4

Tacoma, WA, 98404
$ 875,000
Baths0.0 Sq 3,200

Monthly Estimate*

$ 6,112

Listed by Keller Williams Rlty Bellevue
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View a Virtual Tour
Studio

Multi-Family Home for sale in Tacoma, WA

for $875,000. This 3,200 square foot home was built in 1979 on a lot size of 0.23.

Rambler style 4plex. 4 above grade units. All units 2 beds 1 bath. All units have been recently 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 line replaced 2023. W/D hookups in units. W/D belong to tenants and are not supplied by landlord. Uncovered parking enough for 6 total cars. Ask your broker for Rental Info Sheet for more information.

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Multi-Family Active

Price

$ 875,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 7,140

Style

4-Plex

Lot Size

0.23

Year Built

1979

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2160030

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
Exterior Features Wood Products
HOA 0
Year Built 1979
Unit Number 1-4
Property SubType Multi-Family
Tax Year 2023
County Pierce
Net Operating Income 55804
Insurance Expense 1223
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name East Tacoma
Possible Use Multi-Family Residential See Remarks
Special Listing Conditions None
Status Active
Directions 5 exit 38th Street go East to Portland Ave Left of Portland Ave. Left on first driveway on the Left
High School Lincoln High
City Tacoma
Buyer Agent Compensation 2.5
View Y/N N
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 6
Total Units 4
MLS Area 55 - Southeast Tacoma
Lot Size Square Feet 10019
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name 38th
Listing Terms Cash Out Conventional FHA See Remarks VA Loan
Elementary School Blix Elem
Tax Annual Amount 7140
Electric Expense 0
Fuel Expense 0
Middle/Junior High School First Creek Mid
Public Remarks Rambler style 4plex. 4 above grade units. All units 2 beds 1 bath. All units have been recently fully renovated. All new leases within the last year. All tenants current on rent. Tenants pay all util
Leasable Area 3200
Virtual Tour https://www.sellwithwesjones.com/mls/38thst4plexes
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Water Company TPU
Units Below Grade false
Units In Building Total 4
Zoning Class Multi-Family Residential See Remarks
Water Sewer Garbage 7200
Property Style 54 - 4-Plex
Cap Rate 6.2
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Alley Curbs Paved Sidewalk
Water Source Public
Total Parking 6
Building Area Total 3200
Lot Dimensions 57.50'x163.86'
Lot Size Acres 0.23
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV Deck High Speed Internet Patio
Parking Uncovered Spaces 6
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Internal Only
OriginalMLSID NWM2160030
Street Number 1 1511
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* Excluded Features
List By
Wes Jones

Listing Agent

Keller Williams Rlty Bellevue

Broker

Affordability Calculator

$6,707
Per Month
91%
9%
0%
Monthly Principal & Interest
$6,112
Monthly Property Taxes
$595
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
257524 Elementary School
256554 Middle School
Lincoln High High School
Pricing History
DatePricePrice ChangeDescription
3/8/2024$875,000 -6.42% Price Down
9/19/2023$935,000 Listed Price

Map


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1511 E 38th Street # 1-4, Tacoma, WA, 98404 is a Multi-Family Home for sale at $875,000 with 3,200 sqft and a lot size of 0.23. 1511 E 38th Street # 1-4 is a studio with 0.0 baths and was built in 1979. The property's zip code is 98404 which is in Tacoma, WA