1214 South 8th Street
Tacoma, WA 98405
$799,000
Price
8
Beds
3
Baths
2,236 Sq. Ft.
$357 / Sq. Ft.
2,236
Sq. Ft.
$357
per Sq. Ft.
Listing provided courtesy of Adelbern Real Estate LLC
Description
New free 2-1 buy down option with guild mortgage! Ask your agent for details. Historic duplex that has been remodeled recently, with a projected cap rate of 6.5%! Projected rent assumes two THA clients, each with a 4 bedroom unit. Average rents for 4 bedroom units are even higher! Ask your broker for details. Brand new roof and paint in 2024. Both kitchens remodeled in the last two years. Appliances are all new within the last two years as well! All appliances are included with the sale including...New free 2-1 buy down option with guild mortgage! Ask your agent for details. Historic duplex that has been remodeled recently, with a projected cap rate of 6.5%! Projected rent assumes two THA clients, each with a 4 bedroom unit. Average rents for 4 bedroom units are even higher! Ask your broker for details. Brand new roof and paint in 2024. Both kitchens remodeled in the last two years. Appliances are all new within the last two years as well! All appliances are included with the sale including both washer/dryers. This duplex is truly in the path of progress. It lies in close proximity to the light rail and transit, between Stadium and Downtown. This is a great investment! Go tour this amazing property before it's gone!
- Listed by Keegan Burmark • Adelbern Real Estate LLC
Property Details for 1214 South 8th Street
Community Name
Tacoma
School DistrictTacoma
Number of Assigned Spaces2
Total Covered Parking0
Offers Review Date10-07-2024
Entry Date10-02-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 10/18/2024 09:10 AM
Property Details for 1214 South 8th Street
| Status | Active |
|---|---|
| MLS # | 2296915 |
| Days on Market | 29 |
| Cumulative Days on Market | 29 |
| Taxes | $4,920 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1890 |
| Lot Size | 0.08 AC / 3,500 SF |
| County | Pierce County |
Building Information for 1214 South 8th Street
Stories2Residences2Year Built1890Building Size-Lot Size0.08 AC / 3,500 SF
Property Information for 1214 South 8th Street
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet
- Area: 29 - Central Tacoma
- Effective Year Built Source: Public Records
- Directions: From Sprague N take a right on S 8th. Duplex is on the right. GPS friendly.
- Leased Items: None
- Property Sub Type: MULT
- View: No
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 2.0
- Open Parking: Yes
Interior and Exterior Features
Bathroom Information
- Full Baths Upper: 0
- Three Quarter Baths Upper: 0
- Half Baths Upper: 0
- Main Level Bathrooms: 0
Bedroom Information
- Bedrooms Upper: 0
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: Basement
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Baseboard
- FIRPTA: No
Exterior Features
- Exterior: Cement/Concrete, Wood
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 2400
- Power Company: Tacoma Public Utilities
- Sewer Company: Tacoma Public Utilities
- Water Company: Tacoma Public Utilities
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Block, Poured Concrete
- Zoning Class: Business,Commercial
- First Right Of Refusal: false
- Possible Use: Business, Commercial
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1985
- Photos Count: 39
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 200825-005-0
- Calculated Square Footage: 2236
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2236.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 2
- Number of Stories in Building: 2
- Vacancy Rate: 3
- Number Of Units Total: 2
- Units Below Grade: false
- Units In Building Total: 2
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 8528
- Gross Adjusted Income: 60831
- Gross Rent Multiplier: 12.74
- Gross Scheduled Income: $62,712
- Insurance Expense: $1,208
- Net Operating Income: $52,303
- Other Expenses: $0
- Total Monthly Income: 5226
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 1118
- Rent Unit 1: $2,613.00
- Bedrooms Unit 1: 4
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 2
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 1118
- Rent Unit 2: $2,613.00
- Bedrooms Unit 2: 4
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 2
Rental
Rent Information
- Occupant Type: Vacant
- Leasable Area: 2236.0
- Leasable Area Units: Square Feet
Property History for 1214 South 8th Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1214 South 8th Street
Taxable ValueLand$197,300Additions$244,600Total$441,900
Tax Record2024$4,920 ($410 / month)
Home Facts
Total Finished SqFt2,236 SqFtAbove Ground SqFt2,236 SqFtStories2Lot Size3,500 SqFtStyleDuplexYear Built1890Year Renovated2000ZoningR2-SRDCountyPIERCEAPN2008250050
Schools near 1214 South 8th Street
This home is within Tacoma School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 8 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Bryant Montessori School PublicPK to 8 | ||
Hilltop Heritage Middle School Public6 to 8 | ||
Stadium High School Public9 to 12 | ||
Bryant Montessori Middle School Public6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.
Homes for Sale near Central Tacoma
Neighborhoods
Cities
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Adelbern Real Estate LLC
Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.
