Tacoma, WA 98404 1521 E 38th Street # 1-8
$1,716,000
24 more
Presented By: Keller Williams Rlty Bellevue and NWMLS
- MLS# 2374806
- 05/20/2025
Disclaimer: The information contained in this listing has not been verified by kvCORE WordPress Staging and should be verified by the buyer.
SQFT • 6,400
Home Details
2 rambler style 4plexes on separate parcels. 8 total units. All units 2 beds 1 bath. All units have been updated or fully remodeled. All new leases within the last year. All units occupied. All tenants current on rent. Tenants pay all utilities (w/s/g billed to landlord and billed back to tenants monthly) Landlord handles landscaping & pest control. Both roofs replaced along with attic remediation in 2023. W/D hookups in units. W/D belong to tenants and are not supplied by landlord. Uncovered parking on each parcel enough for 6 total cars per parcel.
Presented By: Keller Williams Rlty Bellevue and NWMLS
Interior Features for 1521 E 38th Street # 1-8
Bedrooms
Bedrooms Possible0
Bedrooms Upper
Bathrooms
Baths Full Upper0
Baths Half Upper
Baths Three Quarter Upper
Other Interior Features
Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringVinyl, Vinyl Plank, Carpet
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces
Total Stories1
General for 1521 E 38th Street # 1-8
Building Area UnitsSquare Feet
Cap Rate7.08
Carport Spaces
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
Directions5 exit 38th Street, go East to Portland Ave, Left of Portland Ave. Left on first driveway on the Left
Electric Expense
Elementary SchoolBlix Elem
Fuel Expense
HOANo
HOA Fee$
HeatingBaseboard
High SchoolLincoln High
High School DistrictTacoma
Insurance Expense2466
Leasable Area6400
Listing TermsCash Out, Conventional, FHA, See Remarks
Living Area UnitsSquare Feet
Lot Size Square Feet19602
Lot Size UnitsSquare Feet
MLS Area55 – Southeast Tacoma
Middle/Junior High SchoolFirst Creek Mid
ModificationTimestamp2025-05-20T19:28:11.836Z
NWM_ShowMapLinkY
Net Operating Income121519
New ConstructionNo
Number Of Units Total8
Open Parking Spaces12
PossessionClosing
Possible UseMulti-Family, Residential, See Remarks
Property ConditionGood
Property Style55 – 5-9 Units
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks2 rambler style 4plexes on separate parcels. 8 total units. All units 2 beds 1 bath. All units have been updated or fully remodeled. All new leases within the last year. All units occupied. All tenan
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeMulti Family
Subdivision NameEast Tacoma
Tax Annual Amount16511
Tax Year2025
Unit Number1-8
Units Below Gradefalse
Units In Building Total8
Virtual TourClick here
Water CompanyTPU
Water Sewer Garbage14400
Year Built1979
Zoning DescriptionMulti-Family, Residential, See Remarks
Exterior for 1521 E 38th Street # 1-8
Building Area Total6400
Covered Spaces
Exterior AmenitiesWood Products
Foundation DetailsSee Remarks
Irrigation Water Rights Y/NNo
Lot Dimensions127.50’x167.10′
Lot FeaturesAlley, Corner Lot, Curbs, Paved, Sidewalk
Lot Size Acres0.45
Parking Uncovered Spaces12
Site FeaturesCable TV, High Speed Internet, Patio
Total Parking12
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
Middle School
First Creek Mid
Elementary School
Blix Elem
High School
Lincoln High
Josh QA1
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