18808 38th Avenue E, Tacoma, WA 98446
- $1,200,000
- 3,632
- SqFt
Listing courtesy of Keller Williams Realty Bothell. Selling Office: 1 Percent Lists Tacoma.
- Sold Price
- $1,200,000
- List Price
- $1,200,000
- Status
- SOLD
- MLS#
- 2424703
- Closing Date
- Sep 26, 2025
- Days on Market
- 13
- Style
- 54 - 4-Plex
- Building Condition
- Good
- Finished SqFt
- 3,632
- Area Total SqFt
- 3632
- Annual Tax Ammount
- 11779
- Lot Size (sq ft)
- 164,657
- Sewer
- Septic Tank
Property Description
Rare opportunity to own two side-by-side duplexes on 3.78 acres in Tacoma’s Spanaway area. Updated units feature vinyl windows, LVP flooring, modern kitchens, and baths. Each offers 2BR/1BA layouts with washer/dryer and single-car garage. Recent roofs (˜5 yrs). Unique value-add with a 21,000 SF secured yard—chain-link fenced, barbed wire top, rolling gate—perfect for RV/boat storage, contractor yard, or fleet parking. Two tax parcels with shared water meter, septic system, and (2) functional wells. Seller financing available.
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Additional Information
- List Date
- 2025-09-13 00:00:00
- Community
- Frederickson
- Net Operating Income
- $66,260
- Gross Adjusted Income
- $91,998
- Gross Scheduled Income
- $96,840
- Total Monthly Income
- $8,070
- Insurance Expenses
- $2,166
- Water/Sewer/Garbage Expenses
- $4,440
- Gross Rent Multiplier
- 12.39
- Total Expenses
- $25,738
- Cap Rate
- 5.5
- Vacancy Rate
- 5
- Total Number of Units
- 4
- Unit Name
- 18808
- Potential Terms
- Cash Out, Conventional, Owner Financing
- Year Built
- 1978
- Roof
- Composition
- Site Features
- RV Parking
- Other Expenses
- 7353
- Energy Source
- Electric
- School District
- Bethel
- Total Monthly Income
- $8,070
- Gross Scheduled Income
- $96,840
- Vacancy Rate
- 5
- Gross Adjusted Income
- $91,998
- Tax Year
- 2025
- Insurance Expense
- $2,166
- W/S/G Expenses
- $4,440
- Total Expenses
- $25,738
- Net Operating Income
- $66,260
- Gross Rent Multiplier
- 12.39
- Cap Rate
- 5.5
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.