319 N K Street, Tacoma, WA 98403

$850,000
2,876
SqFt

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Listing courtesy of Windermere Abode. Selling Office: Redfin.

Sold Price
$850,000
List Price
$875,000
Status
SOLD
MLS#
2442584
Closing Date
Nov 13, 2025
Days on Market
5
Style
55 - 5-9 Units
Finished SqFt
2,876
Area Total SqFt
2876
Annual Tax Ammount
8508
Lot Size (sq ft)
6,500
Sewer
Sewer Connected

Property Description

Classic brick, single level 5-plex in prime North end Tacoma location. Investment opportunity! Well maintained property includes four 1 bedroom units and one studio unit. 4 of the 5 units are updated. 3 single car garages can be rented for additional income, coin-op laundry. New roof 2023. Convenient location in close proximity to bus line, grocery store, restaurants and downtown Tacoma amenities. Quick, easy freeway access. Photos in units are virtually staged.

Additional Information

List Date
2025-11-08 00:00:00
Community
Stadium District
Net Operating Income
$54,775
Gross Adjusted Income
$73,920
Gross Scheduled Income
$92,400
Total Monthly Income
$3,885
Insurance Expenses
$3,417
Water/Sewer/Garbage Expenses
$12,286
Gross Rent Multiplier
9.47
Total Expenses
$26,284
Cap Rate
6.26
Vacancy Rate
20
Total Number of Units
5
Unit Name
319
Potential Terms
Cash Out, Conventional
Year Built
1949
Roof
Composition
Electric Expenses
494
Other Expenses
1579
Energy Source
Electric
School District
Tacoma
Elementary School
Buyer To Verify
Middle School
Buyer To Verify
High School
Buyer To Verify
Total Monthly Income
$3,885
Gross Scheduled Income
$92,400
Vacancy Rate
20
Gross Adjusted Income
$73,920
Tax Year
2024
Insurance Expense
$3,417
W/S/G Expenses
$12,286
Total Expenses
$26,284
Net Operating Income
$54,775
Gross Rent Multiplier
9.47
Cap Rate
6.26
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.
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