1521 E 38th Street Unit #1-8, Tacoma, WA 98404
- $1,666,520
- 6,400
- SqFt
Listing courtesy of Keller Williams Rlty Bellevue. Selling Office: COMPASS.
- Sold Price
- $1,666,520
- List Price
- $1,716,000
- Status
- SOLD
- MLS#
- 2374806
- Closing Date
- Jan 06, 2026
- Days on Market
- 187
- Style
- 55 - 5-9 Units
- Building Condition
- Good
- Finished SqFt
- 6,400
- Area Total SqFt
- 6400
- Annual Tax Ammount
- 16511
- Lot Size (sq ft)
- 19,602
- Sewer
- Sewer Connected
Property Description
2 rambler style 4plexes on separate parcels. 8 total units. All units 2 beds 1 bath. All units have been updated or fully remodeled. All new leases within the last year. All units occupied. All tenants current on rent. Tenants pay all utilities (w/s/g billed to landlord and billed back to tenants monthly) Landlord handles landscaping & pest control. Both roofs replaced along with attic remediation in 2023. W/D hookups in units. W/D belong to tenants and are not supplied by landlord. Uncovered parking on each parcel enough for 6 total cars per parcel.
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Additional Information
- List Date
- 2025-07-03 00:00:00
- Community
- East Tacoma
- Net Operating Income
- $121,519
- Gross Adjusted Income
- $159,132
- Gross Scheduled Income
- $159,132
- Total Monthly Income
- $13,261
- Insurance Expenses
- $2,466
- Water/Sewer/Garbage Expenses
- $14,400
- Gross Rent Multiplier
- 10.78
- Total Expenses
- $37,613
- Cap Rate
- 7.08
- Total Number of Units
- 8
- Unit Name
- 1521
- Potential Terms
- Cash Out, Conventional, FHA, See Remarks
- Year Built
- 1979
- Roof
- Composition
- Site Features
- Cable TV, High Speed Internet, Patio
- Other Expenses
- 4236
- Energy Source
- Electric
- School District
- Tacoma
- Elementary School
- Blix Elem
- Middle School
- First Creek Mid
- High School
- Lincoln High
- Total Monthly Income
- $13,261
- Gross Scheduled Income
- $159,132
- Gross Adjusted Income
- $159,132
- Tax Year
- 2025
- Insurance Expense
- $2,466
- W/S/G Expenses
- $14,400
- Total Expenses
- $37,613
- Net Operating Income
- $121,519
- Gross Rent Multiplier
- 10.78
- Cap Rate
- 7.08
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.