1623 S Yakima Avenue Tacoma, WA $ 685,000
1623 S Yakima Avenue
$ 685,000
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1623 S Yakima Avenue

Tacoma, WA, 98405
$ 685,000
Baths0.0 Sq 2,416

Monthly Estimate*

$ 4,553

Listed by Heaton Dainard, LLC
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Studio

Multi-Family Home for sale in Tacoma, WA

for $685,000. This 2,416 square foot home was built in 1906 on a lot size of 0.0683.

Investor Alert! Currently operating as a Duplex with two rental units plus a 3rd unit partially finished. Finish the 3rd unit to potentially add equity & increase the rental income by 30+%! Architectural plans for conversion/finishing 3rd unit previously approved for permits are included in the sale. Buyer to verify all information & requirements to complete. The middle and top units were remodeled in 2017. Top unit leased until June 2025 at $1645+$100/mo for landscaping. Middle unit prev leased at $1600/mo. Tenants pay utilities. Clean, well-managed & maintained with full rental turns. High walk score & close to everything – DT Tacoma, UW Tacoma, Universities, Hospitals, I-5, and more. Don’t miss this one for your portfolio!

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Multi-Family Pending

Price

$ 685,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,615

Style

Tri-plex

Lot Size

0.0683

Year Built

1906

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2240894

Features
General
Interior Features Wall to Wall Carpet
Sewer Sewer Connected
Heating Wall Unit(s)
Cooling None
Possession Closing
Roof Composition
Exterior Features Cement Planked
HOA 0
Security Features FullyFenced
Year Built 1906
View City Mountain(s) Territorial
Property SubType Multi-Family
Tax Year 2024
County Pierce
Net Operating Income 50493
Insurance Expense 1000
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name Tacoma
Special Listing Conditions None
Status Pending Inspection
Directions From I-5 take exit 133 for I-705 N Take exit A St toward City Center. Take South 15th St ramp to Pacific Ave. Turn left onto S Yakima Ave. House on left.
High School Stadium
City Tacoma
Buyer Agent Compensation 2.5
View Y/N Y
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 0
NumberOfUnitsTotal 3
MLS Area 30 - Central Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 2973
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA
Tax Annual Amount 4615
Electric Expense 0
Fuel Expense 0
Public Remarks Investor Alert! Currently operating as a Duplex with two rental units plus a 3rd unit partially finished. Finish the 3rd unit to potentially add equity & increase the rental income by 30+%! Architect
Leasable Area 1536
Structure Type Triplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Pending
Amenities Basement
Water Company TPU
Units Below Grade true
Water Sewer Garbage 0
Property Style 53 - Tri-plex
Cap Rate 7.37
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Interior
Flooring Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Lot Features Curbs Paved Sidewalk
Water Source Public
Total Parking 0
Building Area Total 2416
Lot Size Acres 0.0683
Covered Spaces 0
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Features Deck Fenced-Partially Gas Available
Parking Uncovered Spaces 0
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Internal Only
OriginalMLSID NWM2240894
Street Number 1 1623
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* Excluded Features
List By
Serena Norris

Listing Agent

Heaton Dainard, Llc

Broker

Affordability Calculator

$4,937
Per Month
92%
8%
0%
Monthly Principal & Interest
$4,553
Monthly Property Taxes
$385
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
256639 Elementary School
257487 Middle School
Stadium High School High School
Pricing History
DatePricePrice ChangeDescription
5/21/2024$685,000 Listed Price

Map


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1623 S Yakima Avenue, Tacoma, WA, 98405 is a Multi-Family Home for sale at $685,000 with 2,416 sqft and a lot size of 0.0683. 1623 S Yakima Avenue is a studio with 0.0 baths and was built in 1906. The property's zip code is 98405 which is in Tacoma, WA