3903 Mason Loop Road, Tacoma, WA 98409
- $853,000
- 3,672
- SqFt
Listing courtesy of RE/MAX Northwest. Selling Office: Champions Real Estate.
- Sold Price
- $853,000
- List Price
- $874,950
- Status
- SOLD
- MLS#
- 2371207
- Closing Date
- Jun 26, 2025
- Days on Market
- 14
- Style
- 54 - 4-Plex
- Finished SqFt
- 3,672
- Area Total SqFt
- 3672
- Annual Tax Ammount
- 8657
- Lot Size (sq ft)
- 10,800
- Sewer
- Sewer Connected
Property Description
Well maintained 4 plex just waiting for the right investor or owner occupant for the best in house hacking! Investors can enjoy a proforma 6.8% cap rate. Each unit has 2 bedrooms and 1 bathroom with 918 sf, washer/dryer in unit, a fireplace as well as a covered deck or patio. There are 8 uncovered parking spots. Newer roof, new fence, newly landscaped. Unit C is vacant, is available for showing. Units C and D have both been updated. Proforma rent (if Units A&B were refreshed) are $1,800 / unit. All units currently month to month terms. Great access to I-5 and 16 for easy commute. South Tacoma undergoing redevelopment and improvement! Get in early!
/u.realgeeks.media/homes77/logo-full.png){kind=logo}
Additional Information
- List Date
- 2025-06-12 00:00:00
- Community
- South Tacoma
- Net Operating Income
- $60,207
- Gross Adjusted Income
- $85,536
- Gross Scheduled Income
- $86,400
- Total Monthly Income
- $7,200
- Insurance Expenses
- $4,278
- Water/Sewer/Garbage Expenses
- $2,548
- Gross Rent Multiplier
- 10.12
- Total Expenses
- $25,329
- Cap Rate
- 6.8
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 3903
- Potential Terms
- Cash Out, Conventional, VA Loan
- Year Built
- 1979
- View
- Territorial
- Roof
- Composition
- Site Features
- Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
- Electric Expenses
- 2548
- Other Expenses
- 4750
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $7,200
- Gross Scheduled Income
- $86,400
- Vacancy Rate
- 1
- Gross Adjusted Income
- $85,536
- Tax Year
- 2025
- Insurance Expense
- $4,278
- W/S/G Expenses
- $2,548
- Total Expenses
- $25,329
- Net Operating Income
- $60,207
- Gross Rent Multiplier
- 10.12
- Cap Rate
- 6.8
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.