3903 Mason Loop Rd

—
Beds
—
Baths
3,672 Sq. Ft.
$232 / Sq. Ft.
3,672
Sq. Ft.
$232
per Sq. Ft.

Description

Well maintained 4 plex just waiting for the right investor or owner occupant for the best in house hacking! Investors can enjoy a proforma 6.8% cap rate. Each unit has 2 bedrooms and 1 bathroom with 918 sf, washer/dryer in unit, a fireplace as well as a covered deck or patio. There are 8 uncovered parking spots. Newer roof, new fence, newly landscaped. Unit C is vacant, is available for showing. Units C and D have both been updated. Proforma rent (if Units A&B were refreshed) are $1,800 / unit. All...Well maintained 4 plex just waiting for the right investor or owner occupant for the best in house hacking! Investors can enjoy a proforma 6.8% cap rate. Each unit has 2 bedrooms and 1 bathroom with 918 sf, washer/dryer in unit, a fireplace as well as a covered deck or patio. There are 8 uncovered parking spots. Newer roof, new fence, newly landscaped. Unit C is vacant, is available for showing. Units C and D have both been updated. Proforma rent (if Units A&B were refreshed) are $1,800 / unit. All units currently month to month terms. Great access to I-5 and 16 for easy commute. South Tacoma undergoing redevelopment and improvement! Get in early!
  1. Listed by Shane Klinkhammer • RE/MAX Northwest
    P: (253)-853-3522 shane@HammerRealEstate.com

Property Details for 3903 Mason Loop Road

Community Name
South Tacoma
School District
Tacoma
View
Territorial
Number of Assigned Spaces
8
Total Covered Parking
0
Entry Date
05-06-2025
Energy Source
Electric
Sewer
Sewer Connected
LISTING CLOSED: 06/26/2025 12:00 AM

Property Details for 3903 Mason Loop Road

StatusSold
MLS #2371207
Days on Market17
Cumulative Days on Market14
Taxes$8,657 / year
HOA Fees$330 / month
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.25 AC / 10,800 SF
CountyPierce County

Location

Listing Courtesy of RE/MAX Northwest

Sold By Champions Real Estate

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Building Information for 3903 Mason Loop Road

Stories2Residences4Year Built1979Building Size-Lot Size0.25 AC / 10,800 SF

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$5,302 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,251

Property Taxes

$721

HOA Dues

$330

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Property Information for 3903 Mason Loop Road

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, Fenced-Partially, High Speed Internet, Patio
  • Area: 45 - South Tacoma
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify
  • Directions: GPS works great! From I-5 take Exit 132B/Right ramp for WA-16 W. Right ramp to Union Ave. Left onto S Union Ave. Right onto S 35th St. Left onto S Tyler St. Right to S 38th St. Arrive at S Mason Ave.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2025
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
Virtual Tour
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
  • Bedrooms Possible: 0
Interior Features
  • Fireplaces Total: 0
  • Floor Covering: Travertine, Vinyl, Carpet
  • Cooling: No
  • Cooling: None
  • Fireplace: No
  • Heating: Yes
  • Heating: Baseboard
  • FIRPTA: No
Exterior Features
  • Exterior: Stucco, Wood, Wood Products
  • Roof: Composition
  • Security Features: Partially Fenced
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 2548
  • Power Company: Tacoma Public Utilities
  • Sewer Company: Tacoma Public Utilities
  • Water Company: Tacoma Public Utilities
  • Power Production Type: Electric
Property and Assessments
  • New Construction YN: No
  • Foundation: Slab
  • Zoning Remarks: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Realist
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Photos Count: 26
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved
  • Lot Number: 2165
  • Lot Size Source: Realist
  • Parcel Number Free Text: 5554000040
  • Calculated Square Footage: 3672
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3672.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • 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: $2,548
  • Total Expenses: 25329
  • Gross Adjusted Income: 85536
  • Gross Rent Multiplier: 10.12
  • Gross Scheduled Income: $86,400
  • Insurance Expense: $4,278
  • Net Operating Income: $60,207
  • Other Expenses: $4,750
  • Total Monthly Income: 7200
  • Fuel Expense: $2,548
Unit 1
  • Name Unit 1: A
  • Washer/Dryer Unit 1: true
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 918
  • Rent Unit 1: $1,800.00
  • Fireplaces Unit 1: 1
Unit 2
  • Name Unit 2: C
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 918
  • Rent Unit 2: $1,800.00
  • Fireplaces Unit 2: 1
Unit 3
  • Name Unit 3: B
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 918
  • Rent Unit 3: $1,800.00
  • Fireplaces Unit 3: 1
Unit 4
  • Name Unit 4: D
  • Washer/Dryer Unit 4: true
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: true
  • Square Feet Unit 4: 918
  • Rent Unit 4: $1,800.00
  • Fireplaces Unit 4: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3672.0
  • Leasable Area Units: Square Feet

Property History for 3903 Mason Loop Road

DateEvent & SourcePriceAppreciation
Jun 26, 2025

Sold

NWMLS #2371207

$853,000—
Jun 24, 2025

Sold (Public Record)

Public Record #1903209317

$853,000—
May 23, 2025

Pending

NWMLS #2371207

—
DateEvent & SourcePrice
06/26/2025

Sold

NWMLS #2371207

$853,000
06/24/2025

Sold (Public Record)

Public Record #1903209317

$853,000
05/23/2025

Pending

NWMLS #2371207

—

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

Public Records for 3903 Mason Loop Road

Taxable ValueLand$221,100Additions$581,600Total$802,700
Tax Record2025$8,969 ($747 / month)
Home Facts
Baths4Total Finished SqFt3,672 SqFtAbove Ground SqFt3,672 SqFtStories2Lot Size10,800 SqFtStyleQuadraplexYear Built1979Year Renovated1994ZoningR3CountyPIERCEAPN555400-0-040

Schools near 3903 Mason Loop Road

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Public - PK to 3
Public - 4 to 8
Public - 9 to 12
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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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 RE/MAX Northwest

Based on information submitted to the MLS GRID as of 03/27/2026 12:32 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.