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Provided by NWMLS, Listed by COMPASS
Patrick Buckley
Karen Buckley

315 N L Street

$1,425,000 315 N L Street, Tacoma, WA 98403
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.
  • For Sale
    Status
  • 1910
    Year Built
  • 4,008 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 4,008 Sq.Ft.
  • Total Area: 4,008 Sq.Ft.
  • Lot Size: 6,500 Sq.Ft.
  • MLS® ID: 2546564
  • Type: Multi-Family
  • Year Built: 1910
  • School District: Tacoma

Interior

  • Flooring: Ceramic Tile, Hardwood, Softwood, Vinyl

Exterior & Building

  • Stories: 2
  • Garage Space: 5.0
  • Water Source: Public
  • Roof: Composition, Metal
  • Lot Features: Curbs, Paved, Sidewalk
  • Heat Type: Forced Air
  • Air Conditioning: None
  • Sewer: Sewer Connected
  • Substructure: Poured Concrete
  • Security Features: Partially Fenced
  • Other Exterior Features: Wood

Financial

  • Sales Price: $1,425,000
  • Real Estate Tax: $9,178/yr
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Thank you for your interest in 315 N L Street, Tacoma, WA 98403. We are reviewing your request and will be in touch shortly!

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315 N L Street

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