1521 E 38th Street # 1-8 Tacoma, WA $ 1,716,000
1521 E 38th Street # 1-8
$ 1,716,000
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1521 E 38th Street # 1-8

Tacoma, WA, 98404
$ 1,716,000
Baths0.0 Sq 6,400

Monthly Estimate*

$ 10,706

Listed by Keller Williams Rlty Bellevue
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View a Virtual Tour
Studio

Multi-Family Home for sale in Tacoma, WA

for $1,716,000. This 6,400 square foot home was built in 1979 on a lot size of 0.45.

2 rambler style 4plexes on separate parcels. 8 total units. All units 2 beds 1 bath. All units have been updated or fully remodeled. All new leases within the last year. All units occupied. All tenants current on rent. Tenants pay all utilities (w/s/g billed to landlord and billed back to tenants monthly) Landlord handles landscaping & pest control. Both roofs replaced along with attic remediation in 2023. W/D hookups in units. W/D belong to tenants and are not supplied by landlord. Uncovered parking on each parcel enough for 6 total cars per parcel.

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Multi-Family Pending

Price

$ 1,716,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 16,511

Style

5-9 Units

Lot Size

0.45

Year Built

1979

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2374806

Features
General
Living Area 0
Sewer Sewer Connected
Heating Baseboard
Cooling None
Possession Closing
Roof Composition
HOA Fee 0
Year Built 1979
Unit Number 1-8
Property Subtype Multi Family
Tax Year 2025
County Pierce
Net Operating Income 121519
Insurance Expense 2466
New Construction N
Property Type Residential Income
HOA N
Subdivision Name East Tacoma
Possible Use Multi-Family Residential See Remarks
Special Listing Conditions None
Status Pending Inspection
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
Senior Community Y/N N
High School District Tacoma
Zoning Description Multi-Family Residential See Remarks
Open Parking Spaces 12
Number Of Units Total 8
MLS Area 55 - Southeast Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 19602
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA See Remarks
Elementary School Blix Elem
Tax Annual Amount 16511
Electric Expense 0
Fuel Expense 0
Middle/Junior High School First Creek Mid
Property Condition Good
Public Remarks 2 rambler style 4plexes on separate parcels. 8 total units. All units 2 beds 1 bath. All units have been updated or fully remodeled. All new leases within the last year. All units occupied. All tenan
Leasable Area 6400
Virtual Tour https://www.sellwithwesjones.com/mls/38thst4plexes
Structure Type Multi Family
Building Area Units Square Feet
Standard Status Pending
Water Company TPU
Units Below Grade false
Units In Building Total 8
Water Sewer Garbage 14400
Property Style 55 - 5-9 Units
Cap Rate 7.08
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Exterior
Exterior Amenities Wood Products
Lot Features Alley Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 12
Foundation Details See Remarks
Building Area Total 6400
Lot Dimensions 127.50'x167.10'
Lot Size Acres 0.45
Waterfront Y/N N
Covered Spaces 0
Irrigation Water Rights Y/N N
Site Features Cable TV High Speed Internet Patio
Parking Uncovered Spaces 12
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Interior
Flooring Vinyl Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 1
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Power Production Type Electric
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Internal Only
OriginalMLSID NWM2374806
Street Number 1 1521
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* Excluded Features
List By
Wes Jones

Listing Agent

Keller Williams Rlty Bellevue

Broker

Affordability Calculator

$12,082
Per Month
89%
11%
0%
Monthly Principal & Interest
$10,706
Monthly Property Taxes
$1,376
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
5/20/2025$1,716,000 Listed Price

Map


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1521 E 38th Street # 1-8, Tacoma, WA, 98404 is a Multi-Family Home for sale at $1,716,000 with 6,400 sqft and a lot size of 0.45. 1521 E 38th Street # 1-8 is a studio with 0.0 baths and was built in 1979. The property's zip code is 98404 which is in Tacoma, WA