3841 S Park Avenue, Tacoma, WA 98418
- $925,000
Listing courtesy of Blake Investment Advisors.
- List Price
- $925,000
- Status
- PENDING FEASIBILITY
- MLS#
- 2446398
- Price Change
- ▼ $95,000 1779392597
- Days on Market
- 240
- Style
- 55 - 5-9 Units
- Annual Tax Ammount
- 12081
- Lot Size (sq ft)
- 9,583
- Sewer
- Sewer Connected
Property Description
$8,840 MONTHLY RENTS | PRICE REDUCED to a 6.78% Cap Rate | 3841 S Park Ave is a well-maintained, single-story 6-unit apartment building. Originally built in 1950 and fully renovated in 2020, the property features a low-maintenance brick façade, double-paned vinyl windows, metal entry doors, and a composition shingle roof replaced in 2020. The unit mix includes two two-bedroom/one-bath apartments and four one-bedroom/one-bath apartments, averaging 750 square feet and 550 square feet, respectively. All six units have been comprehensively renovated within the last five years with luxury vinyl plank flooring, white shaker cabinetry, new appliances, granite countertops, and LED lighting fixtures.
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Additional Information
- List Date
- 2025-11-28 22:13:11
- Community
- South Tacoma
- Net Operating Income
- $62,709
- Gross Adjusted Income
- $93,936
- Gross Scheduled Income
- $98,880
- Total Monthly Income
- $8,940
- Insurance Expenses
- $3,204
- Water/Sewer/Garbage Expenses
- $9,964
- Gross Rent Multiplier
- 9.35
- Total Expenses
- $39,627
- Cap Rate
- 6.78
- Vacancy Rate
- 5
- Total Number of Units
- 6
- Unit Name
- 3841
- Potential Terms
- Cash, Conventional
- Year Built
- 1950
- Roof
- Composition
- Other Expenses
- 14378
- Energy Source
- Electric
- School District
- Tacoma
- Total Monthly Income
- $8,940
- Gross Scheduled Income
- $98,880
- Vacancy Rate
- 5
- Gross Adjusted Income
- $93,936
- Tax Year
- 2025
- Insurance Expense
- $3,204
- W/S/G Expenses
- $9,964
- Total Expenses
- $39,627
- Net Operating Income
- $62,709
- Gross Rent Multiplier
- 9.35
- Cap Rate
- 6.78
Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.IDX information is provided exclusively for consumers’ personal noncommercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.