720 N L Street, Tacoma, WA 98403
- $1,310,000
- 5,086
- SqFt
Listing courtesy of Golden West Properties Inc. Selling Office: Golden West Properties Inc.
- Sold Price
- $1,310,000
- List Price
- $1,350,000
- Status
- SOLD
- MLS#
- 2381953
- Closing Date
- Aug 20, 2025
- Days on Market
- 32
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 5,086
- Area Total SqFt
- 5086
- Annual Tax Ammount
- 14307
- Lot Size (sq ft)
- 6,000
- Sewer
- Sewer Connected
Property Description
This North Slope Historic District 4-plex will charm you with its classic elegance. You’ll also appreciate all the updates that have been completed over the years by the seller. Updated plumbing, electrical, kitchens front porch, landscaping, & covered carport parking off the alley. The photographed unit was owner occupied & has been beautifully upgraded without compromising its historic integrity. Original millwork and fir floors lend warmth & zen to all four units. Each apartment is separately metered for electricity. Landlord pays gas, water, sewer, garbage, and stormwater, electricity for basement/shared laundry & outside lights. Seller previously operated a successful travel-nurse housing business. Close to hospitals and light rail.
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Additional Information
- List Date
- 2025-07-19 00:00:00
- Community
- North Tacoma
- Net Operating Income
- $82,022
- Gross Adjusted Income
- $108,108
- Gross Scheduled Income
- $109,200
- Total Monthly Income
- $9,100
- Insurance Expenses
- $4,553
- Water/Sewer/Garbage Expenses
- $5,940
- Gross Rent Multiplier
- 12.3
- Total Expenses
- $26,085
- Cap Rate
- 6.1
- Vacancy Rate
- 1
- Total Number of Units
- 4
- Unit Name
- 720
- Potential Terms
- Conventional, FHA
- Year Built
- 1910
- View
- City
- Roof
- Composition
- Site Features
- Fenced-Fully, Gas Available, Patio
- Other Expenses
- 1284
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Elementary School
- Buyer To Verify
- Middle School
- Buyer To Verify
- High School
- Buyer To Verify
- Total Monthly Income
- $9,100
- Gross Scheduled Income
- $109,200
- Vacancy Rate
- 1
- Gross Adjusted Income
- $108,108
- Tax Year
- 2025
- Insurance Expense
- $4,553
- W/S/G Expenses
- $5,940
- Total Expenses
- $26,085
- Net Operating Income
- $82,022
- Gross Rent Multiplier
- 12.3
- Cap Rate
- 6.1
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.