3402 South M Street

Tacoma, WA 98418

$1,400,000
Price
12
Beds
6
Baths
5,848 Sq. Ft.
$239 / Sq. Ft.
5,848
Sq. Ft.
$239
per Sq. Ft.
Listing provided courtesy of Real Broker LLC

Description

Cash flowing 6 plex with adjacent 1/2 acre parcel. 2 of the 6 units have been remodeled. Newer windows and fresh exterior paint. Each unit comes with their own storage unit. Two coin operated washers and two coin operated dryers to generate additional income. Professionally managed. 6 plex alone recently appraised for 1.38M apart from the vacant lot. Appraisal to be provided with mutual contract. Allow cash flow from 6plex to fund your debt service while you develop the Adjacent Parcel: 0320084103.Cash flowing 6 plex with adjacent 1/2 acre parcel. 2 of the 6 units have been remodeled. Newer windows and fresh exterior paint. Each unit comes with their own storage unit. Two coin operated washers and two coin operated dryers to generate additional income. Professionally managed. 6 plex alone recently appraised for 1.38M apart from the vacant lot. Appraisal to be provided with mutual contract. Allow cash flow from 6plex to fund your debt service while you develop the Adjacent Parcel: 0320084103.
  1. Listed by Andy Taylor • Real Broker LLC

Property Details for 3402 South M Street

Community Name
South Tacoma
School District
Tacoma
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
12-05-2024
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 12/16/2024 06:20 AM

Property Details for 3402 South M Street

StatusActive
MLS #2314518
Days on Market13
Cumulative Days on Market13
Taxes$11,185 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size0.24 AC / 10,402 SF
CountyPierce County

Building Information for 3402 South M Street

Stories2Residences6Year Built1967Building Size-Lot Size0.24 AC / 10,402 SF

Property Information for 3402 South M Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Deck
  • Area: 50 - South Tacoma
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: From I5 S, take exit SR7 S, I 705 N, keep R on 26th St, L on E 26th St for 1.1 Miles, L onto S M St, dest. on R.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
  • Additional Tax Ids: 0320084048,0320084103
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • 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, Carpet
  • Features: Wall to Wall Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 15759
  • Power Company: TPU
  • Sewer Company: TPU
  • Water Company: TPU
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family,Residential
  • Possible Use: Multi-Family, Residential
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1992
  • Photos Count: 24
Lot Information
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 0320084057
  • Calculated Square Footage: 5848
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5848.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 2
  • Vacancy Rate: 10
  • Number Of Units Total: 6
  • Units Below Grade: false
  • Units In Building Total: 6
Financing / Income and Expenses
  • Electric Expense: $1,505
  • Total Expenses: 40899
  • Gross Adjusted Income: 87696
  • Gross Rent Multiplier: 13.34
  • Gross Scheduled Income: $97,440
  • Insurance Expense: $2,700
  • Net Operating Income: $45,139
  • Other Expenses: $9,750
  • Total Monthly Income: 8075
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 950
  • Rent Unit 1: $1,450.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 950
  • Rent Unit 2: $1,350.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: false
  • Square Feet Unit 3: 950
  • Rent Unit 3: $1,100.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 950
  • Rent Unit 4: $1,350.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 5
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 950
  • Rent Unit 5: $1,350.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Unit 6
  • Name Unit 6: 6
  • Washer/Dryer Unit 6: false
  • Range/Oven Unit 6: true
  • Refrigerator Unit 6: true
  • Dishwasher Unit 6: false
  • Square Feet Unit 6: 950
  • Rent Unit 6: $1,350.00
  • Bedrooms Unit 6: 2
  • Fireplaces Unit 6: 0
  • Bathrooms Unit 6: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5848.0
  • Leasable Area Units: Square Feet

Property History for 3402 South M 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 3402 South M Street

Taxable ValueLand$163,100Additions$840,100Total$1,003,200
Tax Record2024$11,154 ($930 / month)
Home Facts
Total Finished SqFt5,848 SqFtAbove Ground SqFt5,848 SqFtStories2Lot Size10,402 SqFtStyleMulti-Family Res (5+ Units)Year Built1967Year Renovated1992ZoningR2-SRDCountyPIERCEAPN0320084057

Schools near 3402 South M Street

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

Angelo Giaudrone 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 3402 South M Street, Tacoma, WA 98418

3402 South M Street is a multi-family home for sale in Tacoma, WA 98418. This property was listed for sale on December 5, 2024 by Real Broker LLC, it's currently listed at $1,400,000. It has been on the market for a total of 13 days and was last sold on December 8, 2021. This listing's school district is Tacoma School District. Nearby schools include Reed Elementary School, Angelo Giaudrone Middle School and Lincoln High School. 3402 South M Street is a 12-bed, 6-bath, 5,848 sqft multi-family home built in 1967.

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 Real Broker 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.