1438 East 31st Street

Tacoma, WA 98404

$1,100,000
Price
6
Beds
6
Baths
3,068 Sq. Ft.
$359 / Sq. Ft.
3,068
Sq. Ft.
$359
per Sq. Ft.
Listing provided courtesy of Skyline Properties, Inc.

Description

Brand new 2024 4plex! 2 detached duplexes on the same lot. Both buildings are identical. Units A1 & A2 are 1 bedroom, 1 bath, bottom floor units. These units feature Quartz countertops, LVP flooring throughout, air conditioning, SS Appliances, washer & dryer in units. Units A2 and B2 are two story 2 bed 2 bath units, featuring quartz countertops in kitchen and baths, SS Appliances, carpet on the stairs for quiet entry, LVP flooring in the living space throughout, as well as A/C and mountain views....Brand new 2024 4plex! 2 detached duplexes on the same lot. Both buildings are identical. Units A1 & A2 are 1 bedroom, 1 bath, bottom floor units. These units feature Quartz countertops, LVP flooring throughout, air conditioning, SS Appliances, washer & dryer in units. Units A2 and B2 are two story 2 bed 2 bath units, featuring quartz countertops in kitchen and baths, SS Appliances, carpet on the stairs for quiet entry, LVP flooring in the living space throughout, as well as A/C and mountain views. Huge financial bonus! These units are in the 7-year tax exempt opportunity zone, only pay taxes on the land, not the improvements! This is a great opportunity buy as an owner-occupied investment. IMMEDIATE CASH FLOW & zero deferred maintenance.
  1. Listed by Anthony L wells • Skyline Properties, Inc.

Property Details for 1438 East 31st Street

Community Name
East Tacoma
School District
Tacoma
View
Mountain
Number of Assigned Spaces
2
Total Covered Parking
0
Entry Date
07-10-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/17/2024 12:13 PM

Property Details for 1438 East 31st Street

StatusActive
MLS #2263055
Days on Market165
Cumulative Days on Market156
Taxes$1,200 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2024
Lot Size0.07 AC / 3,250 SF
CountyPierce County

Building Information for 1438 East 31st Street

Stories3Residences4Year Built2024Building Size-Lot Size0.07 AC / 3,250 SF

Property Information for 1438 East 31st Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV
  • Area: 56 - Southeast Tacoma
  • Effective Year Built Source: Public Records
  • Directions: Portland Ave to E 31st, A & B buildings are on the property line closest to the cedar fence. Park in alleyway for easiest access to units.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
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: Laminate, Vinyl Plank, Carpet
  • Features: Laminate Hardwood, Laminate Tile, Wall to Wall Carpet
  • New Construction: Completed
  • Cooling: Yes
  • Cooling: Ductless HP-Mini Split
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless HP-Mini Split, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • Power Company: PSE
  • Sewer Company: PSE
  • Water Company: PSE
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: Yes
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete, Slab
  • Construction Methods: Standard Frame
  • Estimated Completion Date: 2024-03-01
  • First Right Of Refusal: false
  • MLS Square Footage Source: Pierce County
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2024
  • Photos Count: 32
Lot Information
  • Lot Details: Adjacent to Public Land, Curbs, Paved, Sidewalk
  • Lot Size Source: Pierce County
  • Parcel Number Free Text: 4715013322
  • Building Condition: Very Good
  • Calculated Square Footage: 3068
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3068.0
  • 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: 3
  • 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: 4008
  • Gross Adjusted Income: 85872
  • Gross Rent Multiplier: 0
  • Gross Scheduled Income: $89,880
  • Insurance Expense: $2,808
  • Net Operating Income: $81,864
  • Other Expenses: $0
  • Total Monthly Income: 6840
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: A1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 442
  • Rent Unit 1: $1,300.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: A2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1092
  • Rent Unit 2: $1,995.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: B1
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 442
  • Rent Unit 3: $1,300.00
  • Bedrooms Unit 3: 1
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: B2
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1092
  • Rent Unit 4: $1,995.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3068.0
  • Leasable Area Units: Square Feet

Property History for 1438 East 31st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1438 East 31st Street

Taxable ValueLand$109,300Additions-Total$109,300
Tax Record2024$1,225 ($102 / month)
Home Facts
Lot Size3,250 SqFtStyleCommercialCountyPIERCEAPN4715013322

Schools near 1438 East 31st Street

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Roosevelt Elementary School
Public - PK to 5
First Creek Middle School
Public - 6 to 8
Lincoln High School
Public - 9 to 12
Tacoma Open Doors
Public - 9 to 12
Rating
School
Distance
Roosevelt Elementary School
PublicPK to 5

First Creek Middle School
Public6 to 8

Lincoln High School
Public9 to 12

Tacoma Open Doors
Public9 to 12

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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More information about 1438 East 31st Street, Tacoma, WA 98404

1438 East 31st Street is a multi-family home for sale in Tacoma, WA 98404. This property was listed for sale on July 10, 2024 by Skyline Properties, Inc., it's currently listed at $1,100,000. It has been on the market for a total of 165 days and was last sold on January 8, 2021. This listing's school district is Tacoma School District. Nearby schools include Roosevelt Elementary School, First Creek Middle School and Lincoln High School. 1438 East 31st Street is a 6-bed, 6-bath, 3,068 sqft multi-family home built in 2024.

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 Skyline Properties, Inc.

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.