Rambler style 4plex.

4 above grade units. All units 2 beds 1 bath. 3 of 4 units have been recently fully renovated, one in process of full remodel. All new leases within the last year. 1 units currently vacant and be advertised for lease now. All tenants current on rent. Tenants pay all utilities (w/s/g blled to landlord and billed back to tenants monthly) Landlord manages landscaping in house and pays for pest control.

Both roofs replaced along with attic reme diation in 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.

Request Information
on 1521 E 38th St Unit 1-4
in Tacoma, WA
Presented by Wesley Jones at
Keller Williams Rlty Bellevue.


Property MLS #2160083 from NWMLS

+ Reveal additional info including schools and tax history

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+ Interior Features

Wall to Wall Carpet
Flooring: Vinyl, Vinyl Plank, Wall to Wall Carpet

+ Heating and Cooling

Heating Features: Baseboard
Heating Fuel: Electric
Heating: Yes

+ Exterior and Lot Features

Wood Products

+ Land Info

Lot Description: Alley, Curbs, Paved Street, Sidewalk
Lot Size Acres: 0.23
Lot Size Dimensions: 57.50'x163.86'
Lot Size Square Feet: 10019

+ Garage and Parking

Open Parking Spaces: 6
Open Parking: Yes
Parking Total: 6

+ School Information

Elementary School: Blix Elem
High School: Lincoln High
High School District: Tacoma
Middle School: First Creek Mid
+ Display Complete School Details

Blix Elementary School is a public elementary school located approximately 0.2 miles away.
Map directions

First Creek Middle School is a public middle school located approximately 1 miles away.
Map directions

Lincoln is a public high school located approximately 1.6 miles away.
Map directions

Grace Christian Academy is a private elementary, middle and high school located approximately 1.5 miles away.
Map directions

+ Rental Info

Gross Scheduled Income: 76386
Leasable Area: 3200
Leasable Area Units: Square Feet

+ Multi-Unit Info

Number of Units: 4
Bedrooms in Unit-1: 2
Bedrooms in Unit-2: 2
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1
Unit-1 Description: 1
Unit-2 Description: 2
Unit-3 Description: 3
Unit-4 Description: 4
Unit-1 Square Feet: 800
Unit-2 Square Feet: 800
Unit-3 Square Feet: 800
Unit-4 Square Feet: 800
Unit 1 Total Actual Rent: 1415
Unit 2 Total Actual Rent: 1295
Unit 3 Total Actual Rent: 1400
Unit 4 Total Actual Rent: 1550

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 7161
Source Listing Status: Active
Country Region: US
County: Pierce
Cap Rate: 5.6
Directions: 5 exit 38th Street, go East to Portland Ave, Left of Portland Ave. Left on first driveway on the Left
Tax Year: 2023
Other Expense: 2118
Source Property Type: Multi-Family
Possible Use: Multi-Family, Residential
Insurance Expense: 1223
Area: 55 - Southeast Tacoma
List Development Name: East Tacoma
Source Neighborhood: East Tacoma
Parcel Number: 0320155007
Street Suffix Modifier: Street
Subdivision: East Tacoma
Zoning: MultiFamily, Residential
Source System Name: C2C
Buyer Agent Commission: 2.5
+ Reveal Property Sale History

Price Changed 2024-03-08
$875,000
NWMLS

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Listed 2023-09-20
$890,000
NWMLS

+ Commercial Info

Net Operating Income: 51045
Operating Expense: 17702

+ Utilities

Power Production Type: Electric
Sewer: Sewer Connected
Water Source: Public

+ Building and Construction

Building Area Total: 3200
Building Area Units: Square Feet
Living Area Units: Square Feet
Property Age: 45
Property Condition: Very Good
Roof: Composition
Building Total Stories: 1
Structure Type: Quadruplex
House Style: 4Plex
Elevation Units: Feet
Year Built Effective: 1994