1301 North 4th Street
Tacoma, WA 98403
$1,000,000
Price
5
Beds
4
Baths
2,756 Sq. Ft.
$363 / Sq. Ft.
2,756
Sq. Ft.
$363
per Sq. Ft.
Listing provided courtesy of eXp Realty
Description
Welcome to this beautifully maintained 4plex in a prime Tacoma location, perfect for savvy investors! This property features 4 fully occupied units 3-1Bd and 1-2 Bd units, each with strong rental history. Currently, rents are below market value, offering significant upside potential for increased income. Recent interior remodels enhance the appeal, with modern finishes and efficient layouts. Each unit includes newer washers and dryers, ensuring convenience for tenants. The 6-year-old roof provides...Welcome to this beautifully maintained 4plex in a prime Tacoma location, perfect for savvy investors! This property features 4 fully occupied units 3-1Bd and 1-2 Bd units, each with strong rental history. Currently, rents are below market value, offering significant upside potential for increased income. Recent interior remodels enhance the appeal, with modern finishes and efficient layouts. Each unit includes newer washers and dryers, ensuring convenience for tenants. The 6-year-old roof provides peace of mind for long-term maintenance. With meticulous repair records available, this 4-plex is not just a smart investment—it's a stable asset in a thriving area. Don’t miss this exceptional opportunity!
- Listed by Mihail Gutu • eXp Realty
Property Details for 1301 North 4th Street
Community Name
Stadium District
School DistrictTacoma
Number of Assigned Spaces4
Total Covered Parking0
Entry Date10-10-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/15/2024 11:08 AM
Property Details for 1301 North 4th Street
| Status | Active |
|---|---|
| MLS # | 2300496 |
| Days on Market | 43 |
| Cumulative Days on Market | 43 |
| Taxes | $9,615 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1955 |
| Lot Size | 0.15 AC / 6,500 SF |
| County | Pierce County |
Building Information for 1301 North 4th Street
Stories1Residences4Year Built1955Building Size-Lot Size0.15 AC / 6,500 SF
Property Information for 1301 North 4th Street
Summary
Location and General Information
- Style: 54 - 4-Plex
- Area: 20 - North Tacoma
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: Take I-5 S to S Stadium Way in Tacoma Turn right onto S Stadium Way, Turn left onto Division Ave and Turn right onto N M St
- 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: 4.0
- 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: Laminate
- Features: Laminate Hardwood
- Amenities: Basement
- Cooling: Yes
- Cooling: Forced Air
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Brick
- Roof: Composition
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5040
- Power Company: TPU
- Sewer Company: TPU
- Water Company: TPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Poured Concrete
- First Right Of Refusal: false
- MLS Square Footage Source: public records
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 35
Lot Information
- Lot Details: Curbs, Paved
- Lot Size Source: public records
- Parcel Number Free Text: 2034260093
- Calculated Square Footage: 2756
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2756.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 4
- Number of Stories in Building: 1
- Vacancy Rate: 0
- Number Of Units Total: 4
- Units Below Grade: false
- Units In Building Total: 4
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 21595
- Gross Adjusted Income: 64800
- Gross Rent Multiplier: 16.2
- Gross Scheduled Income: $64,800
- Insurance Expense: $4,300
- Net Operating Income: $57,120
- Other Expenses: $2,640
- Total Monthly Income: 5400
- Fuel Expense: $0
Unit 1
- Name Unit 1: 1301
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: true
- Square Feet Unit 1: 750
- Rent Unit 1: $1,350.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 1
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 1303
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: true
- Square Feet Unit 2: 515
- Rent Unit 2: $1,295.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 1305
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: true
- Square Feet Unit 3: 515
- Rent Unit 3: $1,350.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 1307
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: true
- Square Feet Unit 4: 765
- Rent Unit 4: $1,575.00
- Bedrooms Unit 4: 2
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2756.0
- Leasable Area Units: Square Feet
Property History for 1301 North 4th 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 1301 North 4th Street
Taxable ValueLand$230,700Additions$448,100Total$678,800
Tax Record2021$8,521 ($710 / month)
Home Facts
Total Finished SqFt2,756 SqFtAbove Ground SqFt2,756 SqFtStories1Lot Size6,500 SqFtStyleQuadraplexYear Built1955Year Renovated2002ZoningHMR-SRDCountyPIERCEAPN2034260093Fireplace TypeSingle
Schools near 1301 North 4th Street
This home is within Tacoma School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Grant Elementary School PublicK to 5 | ||
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.
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Listing Courtesy of eXp Realty
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.
