Sold

Listed by: Renaissance Real Estate LLC • Delinda Jokela

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

$731,800 Zestimate^®

$124/sqft

$2,010 Estimated rent

Home value

$731,800

$629,000 - $849,000

$2,010/mo

Zestimate^® history

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$2,010/mo

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$3,814/mo

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$3,814/mo

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What's special

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.

Facts & features

Interior

Heating

Baseboard, Ductless HP-Mini Split, Forced Air, Wall Unit(s), Electric

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
Architectural style: 5-9 Units
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 & HOA

Community

Subdivision: Puyallup

Location

Region: Tacoma

Financial & listing details

Price per square foot: $124/sqft
Tax assessed value: $607,400
Annual tax amount: $6,778
Date on market: 8/1/2024
Cumulative days on market: 720 days
Listing terms: Conventional

Price history

Date	Event	Price
8/16/2024	Sold	$623,500-22.1%$124/sqft
Source: NWMLS as distributed by MLS GRID #2260862 Report a problem
7/28/2024	Pending sale	$799,900$159/sqft
Source: NWMLS as distributed by MLS GRID #2260862 Report a problem
7/8/2024	Listed for sale	$799,900+226.5%$159/sqft
Source: NWMLS as distributed by MLS GRID #2260862 Report a problem
4/15/2014	Sold	$245,000-12.5%$49/sqft
Source: NWMLS as distributed by MLS GRID #576784 Report a problem
10/22/2013	Listing removed	$280,000$56/sqft
Source: Schlanbusch Properties, Inc. #395223 Report a problem
9/1/2013	Listed for sale	$280,000$56/sqft
Source: Schlanbusch Properties, Inc. #395223 Report a problem
2/20/2013	Listing removed	$280,000$56/sqft
Source: Schlanbusch Properties, Inc. #395223 Report a problem
8/20/2012	Listed for sale	$280,000-1.8%$56/sqft
Source: Schlanbusch Properties, Inc. #395223 Report a problem
3/3/2012	Listing removed	$285,000$57/sqft
Source: Crescent Realty #285484 Report a problem
10/18/2011	Listed for sale	$285,000$57/sqft
Source: Crescent Realty #285484 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%
2021	$6,613 +28.2%	$507,900 +25.3%
2019	$5,158 -2.5%	$405,500 +15.3%
2018	$5,291 +9.9%	$351,600 +8.4%
2017	$4,815 +15.5%	$324,400 +33.9%
2016	$4,169	$242,300 +6.4%
2014	$4,169 +7.4%	$227,800 +2.5%
2013	$3,882	$222,200 +5.9%
2012	--	$209,800 -15.3%
2011	--	$247,600 -5.8%
2010	--	$262,900 -16%
2009	--	$313,000 -3.7%
2008	$4,366 +0%	$325,000 -0.3%
2007	$4,366 +30.1%	$326,100 +73.4%
2002	$3,355 +3.4%	$188,100 +5.6%
2001	$3,244	$178,100 +3.5%
2000	$3,244	$172,100