6401 South Pine Street
Tacoma, WA 98409
$590,000
Price
4
Beds
3
Baths
1,692 Sq. Ft.
$349 / Sq. Ft.
1,692
Sq. Ft.
$349
per Sq. Ft.
Listed By Compass
Listed By Compass
Listing provided courtesy of COMPASS
Description
Investment Opportunity! Discover this cash-flowing triplex on a spacious corner lot. All three units are currently occupied by long-term tenants, ensuring positive steady income. Features include additional storage, on-site laundry facilities, and 5 dedicated parking spots and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants. Don't miss this chance to secure a solid, income-generating property for your portfolio!Investment Opportunity! Discover this cash-flowing triplex on a spacious corner lot. All three units are currently occupied by long-term tenants, ensuring positive steady income. Features include additional storage, on-site laundry facilities, and 5 dedicated parking spots and ample street parking. Conveniently located near I-5, Tacoma Mall, shopping, dining, & parks, this property offers a prime location for tenants. Don't miss this chance to secure a solid, income-generating property for your portfolio!
Listing Agent
![Chi Nguyen]()
c.nguyen@compass.comP: (253)-861-4404
Property Details for 6401 South Pine Street
Community Name
Tacoma
School DistrictTacoma
ViewTerritorial
Number of Assigned Spaces5
Total Covered Parking0
Entry Date11-19-2024
Energy SourceElectric
SewerSewer Connected
LISTING UPDATED: 11/19/2024 06:54 PM
Property Details for 6401 South Pine Street
| Status | Active |
|---|---|
| MLS # | 2311871 |
| Days on Market | 2 |
| Cumulative Days on Market | 2 |
| Taxes | $4,548 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1910 |
| Lot Size | 0.16 AC / 7,000 SF |
| County | Pierce County |
| Buyer's Agent Compensation | 2.5% |
Building Information for 6401 South Pine Street
Stories2Residences3Year Built1910Building Size-Lot Size0.16 AC / 7,000 SF
Property Information for 6401 South Pine Street
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Cable TV, Deck, Fenced-Partially, Outbuildings
- Area: 49 - 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 64th & Oakes go West to Pine Street.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 5.0
- 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: Softwood, Vinyl, Carpet
- Features: Fir/Softwood, Wall to Wall Carpet
- Amenities: See Remarks,Storage
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: Yes
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 3598.44
- 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
- Zoning Jurisdiction: City
- Foundation: Post & Block
- First Right Of Refusal: false
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1995
- Photos Count: 14
Lot Information
- Lot Details: Alley, Corner Lot, Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 970000360
- Calculated Square Footage: 1692
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 1692.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 5
- Number of Stories in Building: 2
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: false
- Units In Building Total: 3
Financing / Income and Expenses
- Electric Expense: $413
- Total Expenses: 10844.24
- Gross Adjusted Income: 47100
- Gross Rent Multiplier: 12.53
- Gross Scheduled Income: $47,100
- Insurance Expense: $2,285
- Net Operating Income: $36,256
- Other Expenses: $0
- Total Monthly Income: 3925
- Fuel Expense: $0
Unit 1
- Name Unit 1: A
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 530
- Rent Unit 1: $1,275.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: B
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 530
- Rent Unit 2: $1,300.00
- Bedrooms Unit 2: 1
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: C
- Washer/Dryer Unit 3: false
- Range/Oven Unit 3: true
- Refrigerator Unit 3: true
- Dishwasher Unit 3: false
- Square Feet Unit 3: 632
- Rent Unit 3: $1,350.00
- Bedrooms Unit 3: 2
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 1692.0
- Leasable Area Units: Square Feet
Property History for 6401 South Pine 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 6401 South Pine Street
Taxable ValueLand$196,900Additions$211,500Total$408,400
Tax Record2024$4,548 ($379 / month)
Home Facts
Total Finished SqFt1,656 SqFtAbove Ground SqFt1,656 SqFtStories2Lot Size7,000 SqFtStyleTriplexYear Built1910Year Renovated1978ZoningR2CountyPIERCEAPN9170000360
Schools near 6401 South Pine Street
This home is within Tacoma School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Arlington Elementary School PublicPK to 5 | ||
Gray Middle School Public6 to 8 | ||
Mt Tahoma High School 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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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 COMPASS
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.
