Great value add opportunity!! This property consists of 7 rental units, plus multiple garages and storage sheds, all on just shy of 2 acres. There are two stick built houses, one stick built retail/office building, three manufactured homes and one RV included in the sale. The property has been used as a spirtual sober living program for the last 8 years. The property needs sweat equity, and is being sold "as is", but has unlimited potential. Proforma income puts the cap rate at 10.1%, or continue as group housing, or woould be great for a contractor or landscaping company. A portion of the property has been used for commercial/retail/office in the past.
Sold
Listed by:
Delinda Jokela,
Renaissance Real Estate LLC
Bought with: ZNonMember-Office-MLS
$623,500
4925 Waller Road E, Tacoma, WA 98443
--beds
--baths
5,021sqft
Multi Family
Built in 1940
-- sqft lot
$732,000 Zestimate®
$124/sqft
$1,836 Estimated rent
Home value
$732,000
$622,000 - $856,000
$1,836/mo
Zestimate® history
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What's special
Zillow last checked: 8 hours ago
Listing updated: September 05, 2024 at 05:49am
Listed by:
Delinda Jokela,
Renaissance Real Estate LLC
Bought with:
Non Member ZDefault
ZNonMember-Office-MLS
Source: NWMLS,MLS#: 2260862
Facts & features
Interior
Heating
- Baseboard, Forced Air
Cooling
- Has cooling: Yes
Features
- Has fireplace: No
Interior area
- Total structure area: 5,021
- Total interior livable area: 5,021 sqft
Property
Parking
- Total spaces: 23
- Parking features: RV Parking
- Carport spaces: 2
- Covered spaces: 3
- Uncovered spaces: 18
Lot
- Size: 1.75 Acres
- Features: Open Lot, Secluded, Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio, RV Parking, Shop
Details
- Parcel number: 0320231092
- Zoning description: Jurisdiction: County
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Metal/Vinyl, Wood Products
- Foundation: Block, Tie Down
- Roof: Built-Up,Composition,Torch Down
Condition
- Fixer
- Year built: 1940
- Major remodel year: 1975
Utilities & green energy
- Electric: Company: Tacoma Power
- Sewer: Septic Tank, Company: NA
- Water: Community, Company: Summit Water
Community & neighborhood
Location
- Region: Tacoma
- Subdivision: Puyallup
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 297 days
Price history
| Date | Event | Price |
|---|---|---|
| 8/16/2024 | Sold | $623,500-22.1%$124/sqft |
Source:  NWMLS #2260862 Report a problem | ||
| 7/28/2024 | Pending sale | $799,900$159/sqft |
Source: NWMLS #2260862 Report a problem | ||
| 7/8/2024 | Listed for sale | $799,900+226.5%$159/sqft |
Source: NWMLS #2260862 Report a problem | ||
| 4/15/2014 | Sold | $245,000-12.5%$49/sqft |
Source: NWMLS #576784 Report a problem | ||
| 10/22/2013 | Listing removed | $280,000$56/sqft |
Source: Schlanbusch Properties, Inc. #395223 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $11,315 +66.9% | $607,400 +4.9% |
| 2023 | $6,779 -1.3% | $578,900 -4.6% |
| 2022 | $6,865 +3.8% | $606,500 +19.4% |
Find assessor info on the county website
Neighborhood: 98443
Nearby schools
GreatSchools rating
- 6/10Waller Road Elementary SchoolGrades: K-6Distance: 0.9 mi
- 6/10Aylen Jr High SchoolGrades: 7-9Distance: 3.8 mi
- 7/10Puyallup High SchoolGrades: 10-12Distance: 4.3 mi
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Estimated market value$732,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$732,000