Prime NE Tacoma 4-Plex Investment Opportunity! Don’t miss this chance to acquire a well-maintained 4-plex in the heart of Northeast Tacoma, centrally located between Federal Way and Downtown Tacoma. This property offers two spacious 3-bedroom 2- bath units (approx. 1,760 sq. ft.) and two large 2-bedroom 2- bath units (approx. 1,600 sq. ft.)—each with dedicated parking space, a private garage and upper units have private balconies. This is a true value-add opportunity with upside potential through rent increases to market levels and the ability to implement utility bill-backs. A solid investment for seasoned owners or those looking to expand their portfolio in a desirable, high-demand rental market. Perfect for owner occupancy.
Sold
Listed by: Keller Williams Rty Tacoma
Bought with: CW Realty Group
$1,250,000
1601 Norpoint Way NE, Tacoma, WA 98422
10beds
8baths
6,720sqft
Multi Family
Built in 1984
-- sqft lot
$-- Zestimate®
$186/sqft
$2,636 Estimated rent
Home value
Not available
Estimated sales range
Not available
$2,636/mo
Zestimate® history
Owner options
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$2,636/mo
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$2,636/mo
Rent Zestimate®
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$7,588/mo
Est. payment
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$7,588/mo
Est. payment
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Private garageDedicated parking spacePrivate balconies
Zillow last checked:
Listing updated:
Listed by:
Brian Thayer,
Keller Williams Rty Tacoma
Bought with:
Cheri Westphal, 26198
CW Realty Group
Source: NWMLS as distributed by MLS GRID,MLS#: 2436465
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 10
- Bathrooms: 8
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 6,720
- Total interior livable area: 6,720 sqft
Property
Parking
- Total spaces: 8
- Parking features: Garage, Open
- Garage spaces: 4
- Uncovered spaces: 4
Lot
- Size: 9,108 sqft
- Features: Paved, Sidewalk
Details
- Parcel number: 0321238018
- Zoning description: Multi-Family,Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Composition
Condition
- Very Good
- Year built: 1984
Utilities & green energy
- Electric: Company: Tacoma
- Sewer: Sewer Connected, Company: Tacoma
- Water: Public, Company: Tacoma
Community & neighborhood
Location
- Region: Tacoma
- Subdivision: Ne Tacoma
Other
Other facts
- Listing terms: Conventional
- Cumulative days on market: 228 days
Price history
| Date | Event | Price |
|---|---|---|
| 1/12/2026 | Sold | $1,250,000-3.8%$186/sqft |
Source:  NWMLS as distributed by MLS GRID #2436465 Report a problem | ||
| 11/13/2025 | Pending sale | $1,300,000$193/sqft |
Source: NWMLS as distributed by MLS GRID #2436465 Report a problem | ||
| 11/6/2025 | Price change | $1,300,000-3.7%$193/sqft |
Source: NWMLS as distributed by MLS GRID #2436465 Report a problem | ||
| 9/24/2025 | Listed for sale | $1,350,000+255.3%$201/sqft |
Source: NWMLS as distributed by MLS GRID #2436465 Report a problem | ||
| 1/27/2003 | Sold | $380,000$57/sqft |
Source: NWMLS as distributed by MLS GRID #22213777 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $12,328 +0.8% | $1,133,900 +3.1% |
| 2023 | $12,226 +7% | $1,099,700 -0.2% |
| 2022 | $11,425 +2.9% | $1,101,700 +13.6% |
| 2021 | $11,103 +44.6% | $969,500 +30.7% |
| 2019 | $7,678 -2% | $741,700 +25.4% |
| 2018 | $7,832 +9.3% | $591,500 +19.2% |
| 2017 | $7,163 +5.1% | $496,300 +17.9% |
| 2016 | $6,815 | $421,000 +7.3% |
| 2014 | $6,815 +14.7% | $392,400 +11.3% |
| 2013 | $5,939 | $352,700 +4.1% |
| 2012 | -- | $338,800 -11.7% |
| 2011 | -- | $383,800 -2.2% |
| 2010 | -- | $392,600 -13.4% |
| 2009 | -- | $453,500 -4.7% |
| 2008 | $5,504 +0% | $475,900 +1.1% |
| 2007 | $5,504 +24.8% | $470,900 +82.8% |
| 2002 | $4,411 +2.5% | $257,600 |
| 2001 | $4,304 | $257,600 +5% |
| 2000 | $4,304 | $245,400 |
Find assessor info on the county website
Neighborhood: Northeast Tacoma
Nearby schools
GreatSchools rating
- 6/10Crescent Heights Elementary SchoolGrades: K-5Distance: 1 mi
- 5/10Meeker Middle SchoolGrades: 6-8Distance: 1.1 mi
- 7/10Stadium High SchoolGrades: 9-12Distance: 3.4 mi
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- Washington
- Pierce County
- Tacoma
- 98422
- Northeast Tacoma
- 1601 Norpoint Way NE
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