3302 McKinley Avenue Tacoma, WA $ 1,280,000
3302 McKinley Avenue
$ 1,280,000
New Construction
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3302 McKinley Avenue

Tacoma, WA, 98404
$ 1,280,000
Baths0.0 Sq 3,146

Monthly Estimate*

$ 8,941

Listed by Keller Williams Rty Tacoma
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Studio

Multi-Family Home for sale in Tacoma, WA

for $1,280,000. This 3,146 square foot home was built in 1976 on a lot size of 0.1377.

Add-on value investment nestled in the heart of Tacoma. Boasting 85% new construction,down to the framing and new trusses, this building has undergone a comprehensive overhaul, fully permitted by the city with energy efficient requirements. Intentionally remains vacant, offering the new owner the flexibility to select tenants of their choice. Pro-forma rents at $2000 and utilities billed back at $150/ unit, this property presents an enticing 6.6% cap rate. Verbal city approval for 2 additional units above a two-car garage next to alley. Residents will delight in the proximity to local dining options just blocks away, as well as the convenience of the nearby light rail system connecting to downtown and commuter trains to neighboring cities.

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Multi-Family Active

Price

$ 1,280,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,706

Style

4-Plex

Lot Size

0.1377

Year Built

1976

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2215711

Features
General
Interior Features Laminate
Sewer Sewer Connected
Heating Ductless HP-Mini Split Wall Unit(s)
Cooling Ductless HP-Mini Split None
Possession Closing
Roof Composition
Exterior Features Cement Planked
HOA 0
Year Built 1976
Property SubType Multi-Family
Tax Year 2024
County Pierce
Net Operating Income 85494
Insurance Expense 1500
New Construction Y
Property Type Residential Income
HOA / Comm Assn N
Energy Efficient Thermal Windows
Subdivision Name McKinley
Possible Use Multi-Family Residential See Remarks
Special Listing Conditions None
Status Active
Directions From downtown south on McKinley Ave to property on right (corner of McKinley Ave and E Wright Ave).
City Tacoma
Buyer Agent Compensation 2.25
View Y/N N
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 4
Total Units 4
MLS Area 55 - Southeast Tacoma
Lot Size Square Feet 6000
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name McKinley
Listing Terms Cash Out Conventional
Tax Annual Amount 5706
Electric Expense 420
Fuel Expense 0
Property Condition Restored
Public Remarks Add-on value investment nestled in the heart of Tacoma. Boasting 85% new construction down to the framing and new trusses this building has undergone a comprehensive overhaul fully permitted by the c
Leasable Area 3146
Structure Type Quadruplex
Building Area Units Square Feet
Standard Status Active
Amenities Energy Package Thermal Windows
Water Company Tacoma Public Utilities
Units Below Grade false
Units In Building Total 4
Zoning Class Multi-Family Residential See Remarks
Water Sewer Garbage 0
Property Style 54 - 4-Plex
Cap Rate 6.6
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Interior
Flooring Laminate
Total Stories 2
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Avenue
Living Area Units Square Feet
Power Production Type Electric
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Exterior
Lot Features Alley Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 4
Foundation Details Poured Concrete
Building Area Total 3146
Lot Size Acres 0.1377
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Sprinkler System
Parking Uncovered Spaces 4
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Internal Only
OriginalMLSID NWM2215711
Street Number 1 3302
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* Excluded Features
List By
Brian Thayer

Listing Agent

Keller Williams Rty Tacoma

Broker

Affordability Calculator

$9,417
Per Month
95%
5%
0%
Monthly Principal & Interest
$8,941
Monthly Property Taxes
$476
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
256639 Elementary School
257487 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/2/2024$1,280,000 Listed Price

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3302 McKinley Avenue, Tacoma, WA, 98404 is a Multi-Family Home for sale at $1,280,000 with 3,146 sqft and a lot size of 0.1377. 3302 McKinley Avenue is a studio with 0.0 baths and was built in 1976. The property's zip code is 98404 which is in Tacoma, WA