Off market

Tax assessed value

$783,800

1505 E 38th St, Tacoma, WA 98404

8beds

4baths

3,413sqft

MultiFamily

Built in 1980

-- sqft lot

$-- Zestimate^®

$230/sqft

$2,741 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,741/mo

Zestimate^® history

Owner options

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$2,741/mo

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$2,741/mo

Rent Zestimate^®

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$4,765/mo

Est. payment

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$4,765/mo

Est. payment

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What's special

Excellent investment property. 3 of the 4 units were fully renovated with new flooring, cabinets, fixtures, appliance, water heaters, and much more. One unit is not updated because long term tenant is in place. Extra $1200/year income from coin operated laundry. Bring the 4th unit to market rent, and rent the 2 storage units out (currently used by owner) for extra $1200/year to bring the cap rate to 6.7%. Buyer to verify all information. Don't miss this great investment opportunity!

This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4

Heating

Baseboard

Appliances

Included: Dishwasher, Refrigerator

Features

Flooring: Carpet, Hardwood, Laminate, Linoleum / Vinyl

Interior area

Total interior livable area: 3,413 sqft

Property

Parking

Parking features: Off-street

Features

Exterior features: Wood

Lot

Size: 9,465 sqft

Details

Parcel number: 2100500030

Construction

Type & style

Home type: MultiFamily

Materials

Frame
Roof: Composition

Condition

Year built: 1980

Utilities & green energy

Sewer: Sewer Connected
Water: Public

Community & neighborhood

Location

Region: Tacoma

Other

Other facts

Dishwasher1: Y
Dishwasher2: Y
Refrigerator1: Y
Refrigerator2: Y
Property type: MULT
Range/oven1: Y
Range/oven2: Y
Dishwasher3: Y
Dishwasher4: Y
Refrigerator3: Y
Refrigerator4: Y
Range/oven3: Y
Range/oven4: Y
Exterior: Wood Products, Wood
Foundation: Poured Concrete
Sewer: Sewer Connected
Water source: Public
Roof: Composition
Building condition: Good
Possesion: Closing
Energy source: Electric
Heating and cooling: Baseboard
Lot details: Paved Street, Dead End Street
General zoning: Multi-Family
View: Territorial
Amenities: Storage, Coin Op Laundry
Style: 54 - 4-Plex
Potential terms: Conventional, Cash Out, VA, FHA
Form 17: Not Provided
Floor covering: Wall to Wall Carpet, Vinyl, Laminate Hardwood
Bathrooms1: 1.00
Bathrooms5: 0.00
Bathrooms6: 0.00
Bathrooms2: 1.00
Bathrooms3: 1.00
Bathrooms4: 1.00
Offers: Reviewed on receipt
Commission: 2.5

Price history

Date	Event	Price
6/28/2023	Sold	$845,000+32%$248/sqft
Source: Public Record Report a problem
4/23/2020	Sold	$640,000+49.4%$188/sqft
Source: Public Record Report a problem
5/3/2018	Sold	$428,419+36.6%$126/sqft
Source: Public Record Report a problem
1/19/2017	Listing removed	$955
Source: Lapple Realty Report a problem
1/14/2017	Listed for rent	$955+23.2%
Source: Lapple Realty Report a problem
5/24/2016	Sold	$313,719-2.7%$92/sqft
Source: Public Record Report a problem
1/23/2016	Listing removed	$322,500$94/sqft
Source: Dove Realty Inc Report a problem
12/1/2015	Price change	$322,500-1.5%$94/sqft
Source: Dove Realty Inc Report a problem
11/24/2015	Listed for sale	$327,500+2.7%$96/sqft
Source: Dove Realty Inc Report a problem
4/8/2014	Listing removed	$775
Source: Owner Report a problem
3/20/2014	Listed for rent	$775
Source: Owner Report a problem
11/15/2013	Listing removed	$775
Source: Go Section8 Report a problem
11/8/2013	Listed for rent	$775
Source: Go Section8 Report a problem
8/18/2012	Listing removed	$775
Source: Hotpads for Rent Report a problem
7/20/2012	Price change	$775+11.5%
Source: Hotpads for Rent Report a problem
2/4/2011	Listed for rent	$695
Source: Postlets Report a problem
4/22/2008	Sold	$319,000$93/sqft
Source: Public Record Report a problem
12/10/2007	Sold	$319,000-73.4%$93/sqft
Source: Public Record Report a problem
4/28/2005	Sold	$1,200,000$352/sqft
Source: NWMLS as distributed by MLS GRID #25022854 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2024	$8,525 +2.9%	$783,800 +5.2%
2023	$8,286 +11%	$745,000 +3.5%
2022	$7,468 +3%	$719,700 +13.8%
2021	$7,249 +36.2%	$632,600 +42%
2019	$5,324 +3.8%	$445,600 +8.7%
2018	$5,130 +17.9%	$409,900 +26.2%
2017	$4,350 +23.1%	$324,900 +50.6%
2016	$3,532	$215,700 +6.2%
2014	$3,532 +22.3%	$203,200 +16.4%
2013	$2,889	$174,600 +6.1%
2012	--	$164,600 -23.3%
2011	--	$214,700 -5.6%
2010	--	$227,500 -15.8%
2009	--	$270,300 -5.8%
2008	$3,624 +0%	$286,800 -7.5%
2007	$3,624 +46.5%	$309,900 +116.3%
2002	$2,475 +7.7%	$143,300 -0.8%
2001	$2,298	$144,500 +10.3%
2000	$2,298	$131,000