3935 Mason Loop Rd

—
Beds
—
Baths
3,696 Sq. Ft.
$149 / Sq. Ft.
3,696
Sq. Ft.
$149
per Sq. Ft.

Description

Rare 4-plex on quiet street in South Tacoma featuring 924 sqft, 2 bed 1.5 bath units. Each unit offers unique value with individual storage units and one-car garages, plus additional parking on site. Units have been well maintained and updated over time, all appliances included in units (W/D, dishwasher, fridge, range/oven). Current owner has maintained below market rents and paid all utilities, easily raise rents to market rate and transfer some utility costs to tenants to bring cap up to 7%.Rare 4-plex on quiet street in South Tacoma featuring 924 sqft, 2 bed 1.5 bath units. Each unit offers unique value with individual storage units and one-car garages, plus additional parking on site. Units have been well maintained and updated over time, all appliances included in units (W/D, dishwasher, fridge, range/oven). Current owner has maintained below market rents and paid all utilities, easily raise rents to market rate and transfer some utility costs to tenants to bring cap up to 7%.
  1. Listed by Brian Suite • Venture Real Estate Group LLC
    P: (425)-531-7966 jlangsford@vreg.co
  2. Listed by Michael Moore • Venture Real Estate Group LLC
    P: (425)-531-7966 jlangsford@vreg.co

Property Details for 3935 Mason Loop Road

Community Name
South Tacoma
School District
Tacoma
View
Territorial
Number of Assigned Spaces
10
Total Covered Parking
4
Entry Date
08-09-2018
Sewer
Sewer Connected
LISTING CLOSED: 10/12/2018 12:00 AM

Property Details for 3935 Mason Loop Road

StatusSold
MLS #1339595
Days on Market3
Cumulative Days on Market4
Taxes$5,713 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.19 AC / 8,200 SF
CountyPierce County

Location

Listing Courtesy of Venture Real Estate Group LLC

Sold By Keller Williams Realty PS

Add your commute

Building Information for 3935 Mason Loop Road

Stories3Residences4Year Built1979Building Size-Lot Size0.19 AC / 8,200 SF

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Principal and Interest

$2,741

Property Taxes

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Property Information for 3935 Mason Loop Road

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Area: 45 - South Tacoma
  • Effective Year Built Source: Public Records
  • Directions: From S Tyler, head West on S 40th and follow around loop to property.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2018
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Laminate, Vinyl, Carpet
  • Features: Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
  • Amenities: Storage
  • Fireplace: No
  • Heating: Yes
Exterior Features
  • Exterior: Wood, Wood Products
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 6000
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Year Built Effective: 1982
  • Photos Count: 24
Lot Information
  • Lot Details: Paved
  • Lot Size Source: Realist
  • Parcel Number Free Text: 5554000110
  • Calculated Square Footage: 3696
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3696.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
Multi Family
Building Details
  • Number of Uncovered Spaces: 6
  • Number of Stories in Building: 3
  • Vacancy Rate: 3
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 13170
  • Gross Adjusted Income: 40041
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $41,280
  • Insurance Expense: $1,457
  • Net Operating Income: $26,871
  • Other Expenses: $0
  • Total Monthly Income: 3440
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3696.0
  • Leasable Area Units: Square Feet

Property History for 3935 Mason Loop Road

DateEvent & SourcePriceAppreciation
Oct 12, 2018

Sold

NWMLS #1339595

$550,000—
Sep 25, 2018

Sold (Public Record)

Public Record #632614719

$550,000

+14.8% / yr

Aug 12, 2018

Pending

NWMLS #1339595

—
DateEvent & SourcePrice
10/12/2018

Sold

NWMLS #1339595

$550,000
09/25/2018

Sold (Public Record)

Public Record #632614719

$550,000

+14.8% / yr

08/12/2018

Pending

NWMLS #1339595

—

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

Public Records for 3935 Mason Loop Road

Taxable ValueLand$208,900Additions$682,000Total$890,900
Tax Record2025$9,958 ($830 / month)
Home Facts
Baths6Total Finished SqFt3,696 SqFtAbove Ground SqFt3,696 SqFtStories2Lot Size8,200 SqFtStyleQuadraplexYear Built1979Year Renovated1994ZoningR3CountyPIERCEAPN555400-0-110

Schools near 3935 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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AddressSold priceBedsBathsSqftLot AC
$900,000
–
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3,696
0.19
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–
–
3,696
0.20
$890,000
–
–
3,696
0.28
$275,000
–
–
3,696
0.19
$357,000
–
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3,672
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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 Venture Real Estate Group LLC

Based on information submitted to the MLS GRID as of 09/05/2024 05:37 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.