New Construction 12 plex with 12 year tax abatement. City will be repaving the entire street and adding sidewalks within a year. All 12 units have washer/dryers, dishwashers & HP mini splits for heat & AC. Property will have two wrought iron gates on front and back entrances prior to sale closing. 6 rentable garage spots & 6 rentable 75 sq ft storage units. Great cash flow & long term asset potential. High quality construction, building will have minimal maintenance and repairs for years to come. 6.34% cap rate is a great deal for new construction!
Sold
Listed by:
Greg Stock,
Engel & Voelkers Chambers Bay
Bought with: Bricksfolios RE Solutions
$3,200,000
4318 S Puget Sound Avenue, Tacoma, WA 98409
--beds
--baths
10,404sqft
Multi Family
Built in 2022
-- sqft lot
$615,100 Zestimate®
$308/sqft
$2,073 Estimated rent
Home value
$615,100
$498,000 - $769,000
$2,073/mo
Zestimate® history
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Owner options
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:46am
Listed by:
Greg Stock,
Engel & Voelkers Chambers Bay
Bought with:
Jyotsna Dixit, 26924
Bricksfolios RE Solutions
Source: NWMLS,MLS#: 2025058
Facts & features
Interior
Heating
- Has Heating (Unspecified Type)
Cooling
- Has cooling: Yes
Features
- Flooring: Vinyl Plank, Carpet
- Has fireplace: No
Interior area
- Total structure area: 10,404
- Total interior livable area: 10,404 sqft
Property
Parking
- Total spaces: 6
- Covered spaces: 6
Features
- Patio & porch: Ductless HP-Mini Split, Wall to Wall Carpet
Lot
- Size: 9,456 sqft
- Features: Paved, Cable TV
Details
- Parcel number: 2890000863
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Cement/Concrete, Cement Planked, Wood Siding
- Foundation: Poured Concrete
- Roof: Flat,See Remarks
Condition
- Very Good
- New construction: Yes
- Year built: 2022
- Major remodel year: 2022
Utilities & green energy
- Electric: Company: TPU
- Sewer: Sewer Connected, Company: TPU
- Water: Public, Company: TPU
- Utilities for property: Comcast, Comcast
Community & neighborhood
Location
- Region: Tacoma
- Subdivision: South Tacoma
Other
Other facts
- Listing terms: Cash Out,Conventional
- Cumulative days on market: 805 days
Price history
| Date | Event | Price |
|---|---|---|
| 6/13/2023 | Sold | $3,200,000-5.9%$308/sqft |
Source:  NWMLS #2025058 | ||
| 2/20/2023 | Pending sale | $3,400,000$327/sqft |
Source: NWMLS #NWM2025058 | ||
| 1/24/2023 | Price change | $3,400,000-4.2%$327/sqft |
Source: NWMLS #2025058 | ||
| 1/4/2023 | Listed for sale | $3,550,000$341/sqft |
Source: NWMLS #2025058 | ||
Public tax history
Tax history is unavailable.
Neighborhood: South Tacoma
Nearby schools
GreatSchools rating
- 2/10Reed Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 2/10Angelo Giaudrone Middle SchoolGrades: 6-8Distance: 1.2 mi
- 2/10Foss High SchoolGrades: 9-12Distance: 1.6 mi
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$615,100
2% more+ $12,302
With Zillow Showcase(estimated)
$627,402