3734 S M Street, Tacoma, WA 98418
- $660,000
- 3,192
- SqFt
Listing courtesy of Skyline Properties, Inc.. Selling Office: Champions Real Estate.
- Sold Price
- $660,000
- List Price
- $675,000
- Status
- SOLD
- MLS#
- 2333390
- Closing Date
- May 09, 2025
- Days on Market
- 13
- Style
- 53 - Tri-plex
- Building Condition
- Very Good
- Finished SqFt
- 3,192
- Area Total SqFt
- 3192
- Annual Tax Ammount
- 6197
- Lot Size (sq ft)
- 6,500
- Sewer
- Sewer Connected
Property Description
Well-maintained Tudor-style triplex that offers a exceptional combination of old world charm and modern updates. Conveniently located in the heart of Tacoma’s sought-after Lincoln International District within walking distance to shops, groceries, restaurants and more! Desirable unit mix with one 3-bed/2-bath unit and two 1-bed/1-bath units. All three units offer updated interiors, newer windows and roof. Unit C is rented at below market rate leaving significant upside potential! Seller in process of filling Units A/B - one will be left vacant in case new buyer wants to owner-occupy! Off-street parking, shared onsite laundry and a fully fenced backyard make this a great opportunity for investors and home buyers alike!
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Additional Information
- List Date
- 2025-04-26 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $36,445
- Gross Adjusted Income
- $52,953
- Gross Scheduled Income
- $55,740
- Total Monthly Income
- $4,645
- Insurance Expenses
- $1,617
- Water/Sewer/Garbage Expenses
- $5,436
- Gross Rent Multiplier
- 12.11
- Total Expenses
- $16,508
- Cap Rate
- 5.4
- Vacancy Rate
- 5
- Total Number of Units
- 3
- Unit Name
- 3734
- Potential Terms
- Cash Out, Conventional, FHA, VA Loan
- Year Built
- 1936
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Fenced-Partially, RV Parking
- Other Expenses
- 3258
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Giaudrone Mid Sch
- High School
- Lincoln High
- Total Monthly Income
- $4,645
- Gross Scheduled Income
- $55,740
- Vacancy Rate
- 5
- Gross Adjusted Income
- $52,953
- Tax Year
- 2024
- Insurance Expense
- $1,617
- W/S/G Expenses
- $5,436
- Total Expenses
- $16,508
- Net Operating Income
- $36,445
- Gross Rent Multiplier
- 12.11
- Cap Rate
- 5.4
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.