Wonderful investment opportunity in south Tacoma, fully occupied 8-unit apartment complex offers future owner potential rental upside. This 1992 (effective year) building consists of four 2Br/1Ba, and four 1Br/1Ba units, features newer deck, assigned parking space for each unit, and coin-op washer/dryer. Spacious building boasts an impressive 5,376 of rentable square feet, and annual net income over $53,000. Not to be missed.
Sold
Listed by: John L. Scott Des Moines • Paul Lau
Bought with: John L. Scott, Inc.
$1,100,000
8322 S Park Avenue, Tacoma, WA 98408
--beds
--baths
5,376sqft
Multi Family
Built in 1926
-- sqft lot
$-- Zestimate®
$205/sqft
$1,904 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,904/mo
Zestimate® history
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$6,812/mo
Est. payment
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$6,812/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Paul Lau,
John L. Scott Des Moines
Bought with:
Nelya Calev, 97542
John L. Scott, Inc.
Source: NWMLS as distributed by MLS GRID,MLS#: 2040731
Facts & features
Interior
Heating
- Baseboard, Electric
Cooling
- None
Features
- Flooring: Vinyl, Carpet
- Has fireplace: No
Interior area
- Total structure area: 5,376
- Total interior livable area: 5,376 sqft
Property
Parking
- Total spaces: 8
- Parking features: Open
- Uncovered spaces: 8
Features
- Patio & porch: Wall to Wall Carpet
- Has view: Yes
- View description: Territorial
Lot
- Size: 5,998 Square Feet
- Features: Curbs, Paved, Sidewalk, Deck
Details
- Parcel number: 3815000110
- Zoning description: Jurisdiction: City
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 5-9 Units
- Property subtype: Multi Family
Materials
- Wood Siding
- Foundation: Poured Concrete
- Roof: Flat
Condition
- Good
- Year built: 1926
- Major remodel year: 1992
Utilities & green energy
- Electric: Company: PUD
- Sewer: Sewer Connected, Company: Pud
- Water: Public, Company: PUD
Community & HOA
Community
- Subdivision: South Tacoma
Location
- Region: Tacoma
Financial & listing details
- Price per square foot: $205/sqft
- Tax assessed value: $833,800
- Annual tax amount: $7,555
- Date on market: 6/17/2023
- Cumulative days on market: 1131 days
- Listing terms: Conventional
Price history
| Date | Event | Price |
|---|---|---|
| 11/15/2023 | Sold | $1,100,000-15.1%$205/sqft |
Source:  NWMLS as distributed by MLS GRID #2040731 Report a problem | ||
| 8/26/2023 | Pending sale | $1,295,000$241/sqft |
Source: NWMLS as distributed by MLS GRID #2040731 Report a problem | ||
| 5/4/2023 | Listed for sale | $1,295,000$241/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2040731 Report a problem | ||
| 4/26/2023 | Pending sale | $1,295,000$241/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2040731 Report a problem | ||
| 3/23/2023 | Listed for sale | $1,295,000$241/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2040731 Report a problem | ||
| 3/10/2023 | Pending sale | $1,295,000$241/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2040731 Report a problem | ||
| 3/2/2023 | Listed for sale | $1,295,000$241/sqft |
Source: NWMLS as distributed by MLS GRID #NWM2040731 Report a problem | ||
| 1/1/2023 | Listing removed | -- |
Source: John L Scott Real Estate Report a problem | ||
| 4/19/2022 | Listed for sale | $1,295,000+169.8%$241/sqft |
Source: John L Scott Real Estate #1918454 Report a problem | ||
| 1/8/2007 | Sold | $480,000+51.4%$89/sqft |
Source: NWMLS as distributed by MLS GRID #26158189 Report a problem | ||
| 8/3/2004 | Sold | $317,000+62.2%$59/sqft |
Source: Public Record Report a problem | ||
| 4/6/1999 | Sold | $195,450$36/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $9,069 +7.6% | $833,800 +10% |
| 2023 | $8,431 +7.2% | $758,000 |
| 2022 | $7,865 +4.1% | $758,000 +15% |
| 2021 | $7,555 +40.4% | $659,400 +38.1% |
| 2019 | $5,382 -5.4% | $477,400 +15.2% |
| 2018 | $5,688 +7.8% | $414,400 +15% |
| 2017 | $5,274 -12.8% | $360,300 +10% |
| 2016 | $6,050 | $327,600 -5.9% |
| 2014 | $6,050 -1% | $348,300 -0.1% |
| 2013 | $6,109 | $348,500 |
| 2012 | -- | $348,500 |
| 2011 | -- | $348,500 -0.1% |
| 2010 | -- | $348,700 -11.7% |
| 2009 | -- | $394,800 0% |
| 2008 | $4,381 +0% | $394,900 +5.4% |
| 2007 | $4,381 +40.6% | $374,700 +106.1% |
| 2002 | $3,115 +1% | $181,800 -0.1% |
| 2001 | $3,084 | $181,900 |
Find assessor info on the county website
Neighborhood: South End
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Nearby schools
GreatSchools rating
- 5/10Fern Hill Elementary SchoolGrades: PK-5Distance: 0.1 mi
- 4/10Baker Middle SchoolGrades: 6-8Distance: 0.2 mi
- 1/10Mt Tahoma High SchoolGrades: 9-12Distance: 2.7 mi
Schools provided by the listing agent
- Elementary: Fern Hill
- Middle: Baker
- High: Mt Tahoma
Source: NWMLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Washington
- Pierce County
- Tacoma
- 98408
- South End
- 8322 S Park Avenue
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