8 beds4 baths4,008 sqft$356/sqft
315-317 N L St, Tacoma, WA 98403
Est: $8,008/moGet pre-approved

Description

Fully occupied, freshly upgraded, and sitting on a path of undeniable growth. The unit mix is exactly what tenants want: two spacious 3-bed/1-bath units and two 1-bed/1-bath units, each with covered porches, hardwood and fir floors, original built-ins, and gas forced air heat. Two units feature updated kitchens with stainless appliances and newer cabinetry.The heavy lifting is already done. A new water supply line, all-new supply plumbing, new sewer line, two new 80-gallon water heaters, and new...Fully occupied, freshly upgraded, and sitting on a path of undeniable growth. The unit mix is exactly what tenants want: two spacious 3-bed/1-bath units and two 1-bed/1-bath units, each with covered porches, hardwood and fir floors, original built-ins, and gas forced air heat. Two units feature updated kitchens with stainless appliances and newer cabinetry.The heavy lifting is already done. A new water supply line, all-new supply plumbing, new sewer line, two new 80-gallon water heaters, and new furnaces mean a new owner steps into a mechanically sound asset with minimal deferred maintenance and maximum peace of mind.A five-bay garage off the alley represents untapped monthly income sitting largely uncaptured in the current rent roll, a straightforward path to pushing NOI higher without touching a single unit. Fully fenced backyard, unfinished basement with shared laundry, open storage, and four individual storage units round it out.Easy access to Tacoma's new light rail, Wright Park, and the medical center puts this property directly in the path of the city's most significant growth corridor. Proven tenancy. Turnkey systems.
LISTING UPDATED: 08/01/2026 10:28 AM

Listing Agent

  1. Patrick Buckley

    Patrick Buckley

    Listing Agent

    Compass

    P: (253)-334-0285

Property Details for 315-317 North L Street

Status
MLS #
2546564
Days on Market
41
Cumulative Days on Market
41
Taxes
$9,178 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Residential Income
Year Built
1910
Lot Size
0.15 AC / 6,500 SF
Buyer's Agent Compensation
2.5%
Community Name
Stadium District
School District
Tacoma
Number of Assigned Spaces
5
Total Covered Parking
5
Entry Date
06-29-2026
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected

Location

Listing Courtesy of Compass
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Building Information for 315-317 North L Street

Stories2Residences4Year Built1910Building Size-Lot Size0.15 AC / 6,500 SF

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$8,008 per month

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Principal and Interest

$7,243

Property Taxes

$765

HOA Dues

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Property Information for 315-317 North L Street

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Fenced-Partially, Gas Available, High Speed Internet
  • Area: 20 - North Tacoma
  • Directions: Division to N L St. NW on N L. Building is on the right
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Garage Spaces: 5.0
  • Number of Carport Spaces: 0.0
  • 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: Ceramic Tile, Hardwood, Softwood, Vinyl
  • Amenities: Basement,Storage
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Forced Air
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition, Metal
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 4968
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • MLS Square Footage Source: Public
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 35
Lot Information
  • Lot Details: Curbs, Paved, Sidewalk
  • Lot Size Source: Public
  • Parcel Number Free Text: 2033230040
  • Calculated Square Footage: 4008
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 4008.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Total Uncovered Parking: 0
  • Number of Stories in Building: 2
  • Vacancy Rate: 0
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $1,920
  • Total Expenses: 23954
  • Gross Adjusted Income: 95640
  • Gross Rent Multiplier: 14.9
  • Gross Scheduled Income: $95,640
  • Insurance Expense: $3,147
  • Net Operating Income: $71,686
  • Other Expenses: $2,040
  • Total Monthly Income: 0
  • Fuel Expense: $2,701
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: false
  • Square Feet Unit 1: 1020
  • Rent Unit 1: $2,270.00
  • Bedrooms Unit 1: 3
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: false
  • Square Feet Unit 2: 834
  • Rent Unit 2: $.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1136
  • Rent Unit 3: $2,225.00
  • Bedrooms Unit 3: 3
  • Fireplaces Unit 3: 1
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: D
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 1018
  • Rent Unit 4: $1,925.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 4008.0

Property History for 315-317 North L Street

DateEvent & SourcePriceAppreciation
Jun 29, 2026

Listed (Active)

NWMLS #2546564

$1,425,000
May 26, 2022

Sold

NWMLS #1931344

$1,375,000
May 16, 2022

Pending

NWMLS #1931344

DateEvent & SourcePrice
06/29/2026

Listed (Active)

NWMLS #2546564

$1,425,000
05/26/2022

Sold

NWMLS #1931344

$1,375,000
05/16/2022

Pending

NWMLS #1931344

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

Public Records for 315-317 North L Street

Taxable ValueLand$348,200Additions$536,600Total$884,800
Tax Record2023$9,178 ($765 / month)
Home Facts
Total Finished SqFt4,008 SqFtAbove Ground SqFt4,008 SqFtStories2Lot Size6,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1910Year Renovated2000ZoningR4CountyPIERCEAPN2033230040Fireplace TypeHas Fireplace

Schools near 315-317 North L Street

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Lowell Elementary School
PublicK to 5

Hilltop Heritage Middle School
Public6 to 8

Stadium High School
Public9 to 12

Bryant Montessori Middle School
Public6 to 8

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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315-317 North L Street is a multi-family home for sale in Tacoma, WA 98403. This property was listed for sale on June 29, 2026 by Compass, it's currently listed at $1,425,000. It has been on the market for a total of 41 days and was last sold on May 26, 2022. This listing's school district is Tacoma School District. Nearby schools include Lowell Elementary School, Hilltop Heritage Middle School and Stadium High School. 315-317 North L Street is a 8-bed, 4-bath, 4,008 sqft multi-family home built in 1910.

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 Compass

Based on information submitted to the MLS GRID as of 08/01/2026 10:28 AM. 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.