1461 Rainier Ct

Fircrest, WA 98466

$1,400,000
Price
8
Beds
8
Baths
4,112 Sq. Ft.
$340 / Sq. Ft.
4,112
Sq. Ft.
$340
per Sq. Ft.
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Listing provided courtesy of Berkshire Hathaway HS NW
Source: Northwest MLS

Description

The Fircrest investment opportunity you’ve been waiting for! This well-maintained fourplex features four spacious units, each offering 2 bedrooms and 1.5 baths. Inside, tenants enjoy a highly desirable layout complete with a cozy fireplace, an eat-in kitchen with granite countertops, a formal dining room, a walk-in closet, and an in-unit washer/dryer. Capitalize on a turnkey property featuring covered carport parking and dedicated storage spaces.The Fircrest investment opportunity you’ve been waiting for! This well-maintained fourplex features four spacious units, each offering 2 bedrooms and 1.5 baths. Inside, tenants enjoy a highly desirable layout complete with a cozy fireplace, an eat-in kitchen with granite countertops, a formal dining room, a walk-in closet, and an in-unit washer/dryer. Capitalize on a turnkey property featuring covered carport parking and dedicated storage spaces.
  1. Listed by Suzanne Smith • Berkshire Hathaway HS NW
    P: 6012-253-328-5322 TheBarefootRanch@gmail.com

Property Details for 1461 Rainier Court

Community Name
Fircrest
School District
Tacoma
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
4
Entry Date
05-13-2026
Energy Source
Electric
Sewer
Sewer Connected
LISTING UPDATED: 06/02/2026 03:13 PM

Property Details for 1461 Rainier Court

StatusActive
MLS #2521302
Days on Market63
Cumulative Days on Market63
Taxes$9,411 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1967
Lot Size0.67 AC / 29,120 SF
CountyPierce County
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Location

Listing Courtesy of Berkshire Hathaway HS NW
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Building Information for 1461 Rainier Court

Stories2Residences4Year Built1967Building Size-Lot Size0.67 AC / 29,120 SF

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$7,761 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,976

Property Taxes

$784

HOA Dues

$0

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Property Information for 1461 Rainier Court

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, High Speed Internet, Patio
  • Area: 35 - University Place
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Effective Year Built Source: Public Records
  • Directions: From Hwy 16 take the Jackson St exit heading south, Jackson becomes Bridgeport take a left on 40th St W, right on Rainier Dr, left on Rainier Court. $-plex is at the end of the cul-de-sac
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2026
Parking
  • Garage Spaces: 0.0
  • Number of Carport Spaces: 4.0
  • Carport: No
  • Open Parking: No
Interior and Exterior Features
Bathroom Information
  • Full Baths Upper: 0
  • Three Quarter Baths Upper: 0
  • Half Baths Upper: 0
  • Main Level Bathrooms: 0
Bedroom Information
  • Bedrooms Upper: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Engineered Hardwood, Vinyl, Vinyl Plank, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 7137
  • Power Company: TPU
  • Sewer Company: TPU
  • Water Company: TPU
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Remarks: Multi-Family
  • Construction Methods: Standard Frame
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: public records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1988
  • Photos Count: 22
Lot Information
  • Lot Details: Cul-De-Sac, Curbs, Paved
  • Lot Size Source: public records
  • Parcel Number Free Text: 5551000014
  • Building Condition: Good
  • Calculated Square Footage: 4112
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4112.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 1
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 31129
  • Gross Adjusted Income: 113678
  • Gross Rent Multiplier: 12.2
  • Gross Scheduled Income: $114,756
  • Insurance Expense: $3,657
  • Net Operating Income: $82,479
  • Other Expenses: $10,924
  • Total Monthly Income: 9563
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1028
  • Rent Unit 1: $2,400.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 1
  • Bathrooms Unit 1: 2
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1028
  • Rent Unit 2: $2,400.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 1
  • Bathrooms Unit 2: 2
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1028
  • Rent Unit 3: $2,363.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 2
Unit 4
  • Name Unit 4: 4
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1028
  • Rent Unit 4: $2,400.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 1
  • Bathrooms Unit 4: 2
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4112.0

Property History for 1461 Rainier Court

DateEvent & SourcePriceAppreciation
May 13, 2026

Listed (Active)

NWMLS #2521302

$1,400,000—
Jan 16, 2004

Sold (Public Record)

Public Record #287841012

$347,500—
DateEvent & SourcePrice
05/13/2026

Listed (Active)

NWMLS #2521302

$1,400,000
01/16/2004

Sold (Public Record)

Public Record #287841012

$347,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1461 Rainier Court

Taxable ValueLand$301,300Additions$740,900Total$1,042,200
Tax Record2026$9,945 ($829 / month)
Home Facts
Total Finished SqFt4,112 SqFtAbove Ground SqFt4,112 SqFtStories2Lot Size9,595 SqFtStyleMulti-Family Res (5+ Units)Year Built1967Year Renovated1982ZoningR20CountyPIERCEAPN5551000014Fireplace TypeHas Fireplace

Schools near 1461 Rainier Court

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Whittier Elementary School
Public - PK to 3
Wainwright Intermediate School
Public - 4 to 8
Foss High School
Public - 9 to 12
Oakland High School
Public - 9 to 12
Rating
School
Distance
Whittier Elementary School
PublicPK to 3

Wainwright Intermediate School
Public4 to 8

Foss High School
Public9 to 12

Oakland High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1461 Rainier Court, Fircrest, WA 98466

1461 Rainier Court is a multi-family home for sale in Fircrest, WA 98466. This property was listed for sale on May 13, 2026 by Berkshire Hathaway HS NW, it's currently listed at $1,400,000. It has been on the market for a total of 63 days and was last sold on January 16, 2004. This listing's school district is Tacoma School District. Nearby schools include Whittier Elementary School, Wainwright Intermediate School and Foss High School. 1461 Rainier Court is a 8-bed, 8-bath, 4,112 sqft multi-family home built in 1967.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Berkshire Hathaway HS NW

Based on information submitted to the MLS GRID as of 06/02/2026 03:13 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.