513 129th Street South
Tacoma, WA 98444
$700,000
Price
4
Beds
4
Baths
2,500 Sq. Ft.
$280 / Sq. Ft.
2,500
Sq. Ft.
$280
per Sq. Ft.
Listing provided courtesy of Keller Williams West Sound
Description
Incredible investment opportunity! 2 separate Duplexes sold together. Four single bed, single bath rental units. 517 & 519 is a 1,200 sq ft duplex including two 600 sq ft 1 bed 1 bath units both with covered carports. 513 & 515 is a 1,300 sq ft duplex with two 650 sq ft single bed single bath units, one with a covered carport. All four of these units have had very long term tenants. Many of the appliances are tenant owned. SO much opportunity to upgrade these units and maximize this investment opportunity....Incredible investment opportunity! 2 separate Duplexes sold together. Four single bed, single bath rental units. 517 & 519 is a 1,200 sq ft duplex including two 600 sq ft 1 bed 1 bath units both with covered carports. 513 & 515 is a 1,300 sq ft duplex with two 650 sq ft single bed single bath units, one with a covered carport. All four of these units have had very long term tenants. Many of the appliances are tenant owned. SO much opportunity to upgrade these units and maximize this investment opportunity. All four units currently rented for $750 per month. Must have signed around contract to schedule showing. Be respectful of tenants' privacy when driving by. Ask for the pre-inspection report and comp sheet.
- Listed by Peter Bradrick • Keller Williams West Sound
Property Details for 513 129th Street South
Community Name
Parkland
School DistrictFranklin Pierce
ViewTerritorial
Number of Assigned Spaces7
Total Covered Parking0
Entry Date10-10-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/15/2024 02:12 PM
Property Details for 513 129th Street South
| Status | Active |
|---|---|
| MLS # | 2300128 |
| Days on Market | 76 |
| Cumulative Days on Market | 76 |
| Taxes | $7,692 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1956 |
| Lot Size | 0.29 AC / 12,500 SF |
| County | Pierce County |
Building Information for 513 129th Street South
Stories1Residences4Year Built1956Building Size-Lot Size0.29 AC / 12,500 SF
Property Information for 513 129th Street South
Summary
Location and General Information
- Style: 52 - Duplex
- Site Features: Fenced-Partially
- Area: 69 - Parkland
- Directions: From 512, take Pacific Ave South to 129th, Rt (West) to property.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
- Additional Tax Ids: 6762001130,6762001140
Parking
- Number of Carport Spaces: 3.0
- 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: Vinyl, Carpet
- Features: Wall to Wall Carpet
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Wood Products
- Roof: Flat
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 5450
- Power Company: Elmhurst
- Water Company: Parkland Light &Water
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Foundation: Block
- Zoning Class: Multi-Family
- First Right Of Refusal: false
- Possible Use: Multi-Family
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 21
Lot Information
- Lot Details: Alley, Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 6762001140
- Building Condition: Fixer
- Calculated Square Footage: 2500
- Structure Type: Duplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2500.0
- 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: 14551
- Gross Adjusted Income: 28308
- Gross Rent Multiplier: 19.4
- Gross Scheduled Income: $36,000
- Insurance Expense: $1,409
- Net Operating Income: $21,449
- Other Expenses: $0
- Total Monthly Income: 3000
- Fuel Expense: $0
Unit 1
- Name Unit 1: 513
- Washer/Dryer Unit 1: true
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 650
- Rent Unit 1: $750.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: 515
- Washer/Dryer Unit 2: true
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 650
- Rent Unit 2: $750.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 517
- Washer/Dryer Unit 3: true
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 600
- Rent Unit 3: $750.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: 519
- Washer/Dryer Unit 4: true
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 600
- Rent Unit 4: $750.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2500.0
- Leasable Area Units: Square Feet
Property History for 513 129th Street South
| 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.
Schools near 513 129th Street South
This home is within Franklin Pierce School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 8 to 12 |
Rating | School | Distance |
|---|---|---|
Brookdale Elementary School PublicPK to 5 | ||
Perry G Keithley Middle School Public6 to 8 | ||
Washington High School Public9 to 12 | ||
Gates Secondary School Public8 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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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 Keller Williams West Sound
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.
