Investor Alert! This upgraded Quadplex offers significant potential, with current rents below market value. Each unit spans approximately 780 sqft and features 2 bedrooms and 1 full bathroom. Units come equipped with a range/stove, refrigerator, and dishwasher. Units 2 and 4 recently underwent cosmetic updates and are in excellent condition. The property includes parking spaces and ample off-street parking. Units 2 and 4 are vacant and available for showings, while Units 1 and 3 have month-to-month tenants. The complex is well-maintained, with fresh paint throughout, and the yard is partially fenced. Conveniently located near I-5 and just a few miles from Puyallup.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2376540
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$7,810
Year Built
Built in 1989
Lot Details
5,060 Sq Ft Lot
Partially Fenced Property
Home Design
Quadruplex
Poured Concrete
Built-Up Roof
Wood Siding
Interior Spaces
3,120 Sq Ft Home
2-Story Property
Thermal Windows
Flooring
Carpet
Vinyl
Bedrooms and Bathrooms
8 Bedrooms
4 Bathrooms
Parking
10 Parking Spaces
Open Parking
Utilities
Forced Air Heating and Cooling System
High Speed Internet
Cable TV Available
Community Details
No Home Owners Association
Lincoln Subdivision
Listing and Financial Details
Assessor Parcel Number 8935022880
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$7,810
Year Built
Built in 1989
Lot Details
0
Listing Details
Property Type: Residential Income
Property Sub Type: Multi Family
StyleCode: 54 - 4-Plex
Year Built: 1989
MLS Status: Active
Prev Status: Active
New Construction: No
CalculatedSquareFootage: 3120
Special Features: VirtualTour
Cumulative Days on Market: 118
Interior Features
Total Bedrooms: 8
Fireplace: No
Flooring: Vinyl, Carpet
Stories: 2
SquareFootageFinished: 0
SquareFootageUnfinished: 0
BathsFullUpper: 0
BathsHalfUpper: 0
BathsThreeQuarterUpper: 0
BedroomsUpper: 0
Amenities: Basement,Energy Package,Storage,Thermal Windows
Exterior Features
Roof: Built-Up
Lot Features: Paved, Sidewalk
View: No
Waterfront: No
Construction Type: Wood
Exterior Features: Wood
Foundation Details: Poured Concrete
Structure Type: Quadruplex
Garage/Parking
Carport Y N: No
Open Parking Spaces: 10
Open Parking: Yes
Total Parking Spaces: 10
ParkingUncoveredSpaces: 10
Utilities
Sewer: Sewer Connected
Water Source: Public
Cooling: Forced Air
Cooling Y N: Yes
Heating: Forced Air
Heating Yn: Yes
PowerCompany: TACOMA CITY LI
SewerCompany: TACOMA CITY LI
WaterCompany: TACOMA CITY LI
WaterSewerGarbage: 0
Condo/Co-op/Association
Senior Community: No
Association: No
Schools
Junior High Dist: Tacoma
High School: Buyer To Verify
Middle Or Junior School: Buyer To Verify
Lot Info
Parcel Number: 8935022880
Lot Size Acres: 0.1162
Lot Size Sq Ft: 5060
Irrigation Water Rights: No
ResoLotSizeUnits: SquareFeet
ShowMapLink: true
SiteFeatures: Cable TV,Fenced-Partially,High Speed Internet
MLSLotSizeSource: Realist
MLSSquareFootageSource: Realist
Green Features
Efficiency: Thermal Windows
Power Production Type: Electric
Rental Info
GrossRentMultiplier: 24.89
LeasedItems: None
TotalMonthlyIncome: 3136
Multi Family
Gross Scheduled Income: 37362
Net Operating Income: 26137
Number Of Units Total: 4
Insurance Expense: 3685
Leasable Area: 3120
EnergySource: Electric
UnitsInBuildingTotal: 4
UnitsBelowGrade: false
VacancyRate: 50
Tax Info
Year: 2024
Tax Annual Amount: 7810
MLS Schools
Elementary School: Buyer To Verify
Map
Range of Values:
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area
Source: Public Records
Average Home Value in this Area
Source: Public Records
Tax History
Year
Tax Paid
Tax AssessmentTax Assessment
Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property.
Land
Improvement
2025
$7,810
$784,900
$199,300
$585,600
2024
$7,810
$779,900
$192,600
$587,300
2023
$7,810
$702,100
$180,900
$521,200
2022
$7,194
$732,000
$176,000
$556,000
2021
$6,786
$540,400
$101,500
$438,900
2019
$5,019
$464,600
$88,400
$376,200
2018
$5,360
$386,400
$77,000
$309,400
2017
$4,686
$339,500
$55,500
$284,000
2016
$3,970
$245,000
$40,500
$204,500
2014
$3,510
$228,400
$39,400
$189,000
2013
$3,510
$211,100
$36,100
$175,000
Source: Public Records
Property History
Date
Event
Price
Change
Sq Ft Price
05/15/202505/15/25
For Sale
$849,999
--
$272 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)
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