315 N L Street, Tacoma, WA 98403
- $1,425,000
- 4,008
- SqFt
Listing courtesy of COMPASS.
- List Price
- $1,425,000
- Status
- ACTIVE
- MLS#
- 2546564
- Days on Market
- 27
- Style
- 54 - 4-Plex
- Finished SqFt
- 4,008
- Area Total SqFt
- 4008
- Annual Tax Ammount
- 9178
- Lot Size (sq ft)
- 6,500
- Sewer
- Sewer Connected
Property Description
Fully occupied, freshly upgraded, and sitting on a path of undeniable growth. The unit mix is exactly what tenants want: two spacious 3-bed/1-bath units and two 1-bed/1-bath units, each with covered porches, hardwood and fir floors, original built-ins, and gas forced air heat. Two units feature updated kitchens with stainless appliances and newer cabinetry.The heavy lifting is already done. A new water supply line, all-new supply plumbing, new sewer line, two new 80-gallon water heaters, and new furnaces mean a new owner steps into a mechanically sound asset with minimal deferred maintenance and maximum peace of mind.A five-bay garage off the alley represents untapped monthly income sitting largely uncaptured in the current rent roll, a straightforward path to pushing NOI higher without touching a single unit. Fully fenced backyard, unfinished basement with shared laundry, open storage, and four individual storage units round it out.Easy access to Tacoma's new light rail, Wright Park, and the medical center puts this property directly in the path of the city's most significant growth corridor. Proven tenancy. Turnkey systems.
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Additional Information
- List Date
- 2026-06-29 15:13:12
- Community
- Stadium District
- Net Operating Income
- $71,686
- Gross Adjusted Income
- $95,640
- Gross Scheduled Income
- $95,640
- Insurance Expenses
- $3,147
- Water/Sewer/Garbage Expenses
- $4,968
- Gross Rent Multiplier
- 14.9
- Total Expenses
- $23,954
- Cap Rate
- 5.03
- Total Number of Units
- 4
- Unit Name
- 315
- Potential Terms
- Cash, Conventional, FHA
- Year Built
- 1910
- Roof
- Composition, Metal
- Site Features
- Cable TV, Fenced-Partially, Gas Available, High Speed Internet
- Electric Expenses
- 1920
- Other Expenses
- 2040
- Energy Source
- Electric, Natural Gas
- School District
- Tacoma
- Gross Scheduled Income
- $95,640
- Gross Adjusted Income
- $95,640
- Tax Year
- 2025
- Insurance Expense
- $3,147
- W/S/G Expenses
- $4,968
- Total Expenses
- $23,954
- Net Operating Income
- $71,686
- Gross Rent Multiplier
- 14.9
- Cap Rate
- 5.03
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.