1201 North 11th Street

Tacoma, WA 98403

$1,299,000
Price
7
Beds
5
Baths
5,250 Sq. Ft.
$247 / Sq. Ft.
5,250
Sq. Ft.
$247
per Sq. Ft.

Description

This spectacular North End Tacoma 5-plex is your next investment opportunity! This property has 2 upstairs two-bedroom, one bath units and on the main floor, 3 one-bedroom one bathroom units. One lucky tenant gets a partial bay view (Unit 4). But not to worry, there are endless positives to boast about with a spacious layout that provides a comfortable living space for tenants to enjoy, new roof in 2018, resealed brick exterior in 2019, a shared laundry area in the basement with additional storage...This spectacular North End Tacoma 5-plex is your next investment opportunity! This property has 2 upstairs two-bedroom, one bath units and on the main floor, 3 one-bedroom one bathroom units. One lucky tenant gets a partial bay view (Unit 4). But not to worry, there are endless positives to boast about with a spacious layout that provides a comfortable living space for tenants to enjoy, new roof in 2018, resealed brick exterior in 2019, a shared laundry area in the basement with additional storage space for each unit. Within walking distance to a wide array of restaurants, shopping and entertainment!
  1. Listed by David Pichler • Mosaic Realty

Property Details for 1201 North 11th Street

Community Name
North Tacoma
School District
Tacoma
View
Bay
Number of Assigned Spaces
6
Total Covered Parking
0
Entry Date
02-15-2024
Energy Source
Electric,Natural Gas
Sewer
Sewer Connected

Location

Listing Courtesy of Mosaic Realty
Add your commute
LISTING UPDATED: 04/16/2024 11:22 AM

Property Details for 1201 North 11th Street

StatusActive
MLS #2200662
Days on Market79
Cumulative Days on Market79
Taxes$8,676 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1923
Lot Size0.06 AC / 2,650 SF
CountyPierce County

Location

Listing Courtesy of Mosaic Realty
Add your commute

Building Information for 1201 North 11th Street

Stories3Residences5Year Built1923Building Size-Lot Size0.06 AC / 2,650 SF

Payment Calculator

$7,812 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,089

Property Taxes

$723

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1201 North 11th Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Deck, Gas Available
  • Area: 21 - North Tacoma
  • 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 n. 21st follow eastbound to N. 11th. Turn rt onto 11th, follow to L Street, property is at corner of L and 11th.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2023
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 6.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Softwood, Hardwood, Laminate, Vinyl Plank, Carpet
  • Features: Fir/Softwood, Hardwood, Laminate, Wall to Wall Carpet
  • Amenities: Basement,Storage
  • Cooling: Yes
  • Cooling: Ductless HP-Mini Split, None
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless HP-Mini Split, Radiator
  • FIRPTA: No
Exterior Features
  • Exterior: Brick
  • Roof: Flat
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 8274
  • Power Company: TPU
  • Sewer Company: TPU
  • Water Company: TPU
  • Power Production Type: Electric, Natural Gas
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • MLS Square Footage Source: Public Records
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1998
  • Photos Count: 37
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 2041240060
  • Calculated Square Footage: 5250
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 5250.0
  • 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: 0
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $0
  • Total Expenses: 23165
  • Gross Adjusted Income: 75024
  • Gross Rent Multiplier: 15.51
  • Gross Scheduled Income: $83,700
  • Insurance Expense: $3,415
  • Net Operating Income: $68,809
  • Other Expenses: $0
  • Total Monthly Income: 6900
  • Fuel Expense: $2,800
Unit 1
  • Name Unit 1: 1
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 1225
  • Rent Unit 1: $1,300.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: 2
  • Washer/Dryer Unit 2: false
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 1018
  • Rent Unit 2: $1,325.00
  • Bedrooms Unit 2: 1
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: 3
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 1253
  • Rent Unit 3: $1,500.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms Unit 3: 1
Unit 4
  • Name Unit 4: A
  • Washer/Dryer Unit 4: false
  • Range/Oven Unit 4: true
  • Refrigerator Unit 4: true
  • Dishwasher Unit 4: false
  • Square Feet Unit 4: 800
  • Rent Unit 4: $925.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: 4
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: false
  • Square Feet Unit 5: 1312
  • Rent Unit 5: $1,925.00
  • Bedrooms Unit 5: 2
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 5250.0
  • Leasable Area Units: Square Feet

Property History for 1201 North 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 1201 North 11th Street

Taxable ValueLand$154,100Additions$730,000Total$884,100
Tax Record2024$9,831 ($819 / month)
Home Facts
Total Finished SqFt5,250 SqFtAbove Ground SqFt5,250 SqFtUnfinished Basement Area2,638 SqFtStories2Lot Size2,650 SqFtStyleMulti-Family Res (5+ Units)Year Built1923Year Renovated1993ZoningHMR-SRDCountyPIERCEAPN2041240060

Schools near 1201 North 11th Street

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 8
Rating
School
Distance
Grant
PublicPK to 5

Jason Lee
Public6 to 8

Stadium
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.

Similar Homes

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Similar Sold Homes

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1201 North 11th Street is a multi-family home for sale in Tacoma, WA 98403. This property was listed for sale on February 15, 2024 by Mosaic Realty, it's currently listed at $1,299,000. It has been on the market for a total of 79 days and was last sold on September 8, 2015. This listing's school district is Tacoma School District. Nearby schools include Grant, Jason Lee and Stadium. 1201 North 11th Street is a 7-bed, 5-bath, 5,250 sqft multi-family home built in 1923.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mosaic Realty

Listing provided courtesy of NWMLS, RMLS or Yakima MLS. The information contained in this listing has not been verified by Compass or the MLS and should be verified by the buyer. The DOM value represents the number of days this listing has been Active on this website.