1623 South Yakima Avenue
1623 South Yakima Avenue
Tacoma, WA 98405
$685,000
Price
7
Beds
3
Baths
2,416 Sq. Ft.
$284 / Sq. Ft.
2,416
Sq. Ft.
$284
per Sq. Ft.
Listing provided courtesy of Heaton Dainard, LLC
Description
Investor Alert! Currently operating as a Duplex with two rental units plus a 3rd unit partially finished. Finish the 3rd unit to potentially add equity & increase the rental income by 30+%! Architectural plans for conversion/finishing 3rd unit previously approved for permits are included in the sale. Buyer to verify all information & requirements to complete. The middle and top units were remodeled in 2017. Top unit leased until June 2025 at $1645+$100/mo for landscaping. Middle unit prev leased...Investor Alert! Currently operating as a Duplex with two rental units plus a 3rd unit partially finished. Finish the 3rd unit to potentially add equity & increase the rental income by 30+%! Architectural plans for conversion/finishing 3rd unit previously approved for permits are included in the sale. Buyer to verify all information & requirements to complete. The middle and top units were remodeled in 2017. Top unit leased until June 2025 at $1645+$100/mo for landscaping. Middle unit prev leased at $1600/mo. Tenants pay utilities. Clean, well-managed & maintained with full rental turns. High walk score & close to everything – DT Tacoma, UW Tacoma, Universities, Hospitals, I-5, and more. Don’t miss this one for your portfolio!
- Listed by Serena Norris • Heaton Dainard, LLC
Property Details for 1623 South Yakima Avenue
Community Name
Tacoma
School DistrictTacoma
ViewCity, Mountain(s), Territorial
Number of Assigned Spaces0
Total Covered Parking0
Entry Date05-21-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of Heaton Dainard, LLC![]()
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LISTING UPDATED: 06/11/2024 08:39 AM
Property Details for 1623 South Yakima Avenue
| Status | Active |
|---|---|
| MLS # | 2240894 |
| Days on Market | 26 |
| Cumulative Days on Market | 26 |
| Taxes | $4,615 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1906 |
| Lot Size | 0.07 AC / 2,973 SF |
| County | Pierce County |
Location
Listing Courtesy of Heaton Dainard, LLC![]()
Add your commute
Building Information for 1623 South Yakima Avenue
Stories3Residences3Year Built1906Building Size-Lot Size0.07 AC / 2,973 SF
Payment Calculator
$4,123 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,738
Property Taxes
$385
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 1623 South Yakima Avenue
Summary
Location and General Information
- Style: 53 - Tri-plex
- Site Features: Deck, Fenced-Partially, Gas Available
- Area: 30 - Central Tacoma
- High School: Stadium
- Effective Year Built Source: Public Records
- Directions: From I-5, take exit 133 for I-705 N, Take exit A St toward City Center. Take South 15th St ramp to Pacific Ave. Turn left onto S Yakima Ave. House on left.
- Leased Items: None
- Property Sub Type: MULT
- View: Yes
- Waterfront: No
Taxes and HOA Information
- Tax Year: 2024
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- 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
- Bedrooms Possible: 0
Interior Features
- Fireplaces Total: 0
- Floor Covering: Vinyl Plank, Carpet
- Features: Wall to Wall Carpet
- Amenities: Basement
- Cooling: No
- Cooling: None
- Fireplace: No
- Heating: Yes
- Heating: Wall Unit(s)
- FIRPTA: No
Exterior Features
- Exterior: Cement Planked
- Roof: Composition
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 0
- Power Company: TPU
- Sewer Company: TPU
- Water Company: TPU
- Power Production Type: Electric, Natural Gas
Property and Assessments
- New Construction YN: No
- First Right Of Refusal: false
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Year Built Effective: 1978
- Photos Count: 33
Lot Information
- Lot Details: Curbs, Paved, Sidewalk
- Lot Size Source: Realist
- Parcel Number Free Text: 201615-006-1
- Calculated Square Footage: 2416
- Structure Type: Triplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2416.0
- Building Area Units: Square Feet
- Property Type: Residential Income
- Elevation Units: Feet
- Irrigation Water Rights: No
Multi Family
Building Details
- Number of Uncovered Spaces: 0
- Number of Stories in Building: 3
- Vacancy Rate: 0
- Number Of Units Total: 3
- Units Below Grade: true
Financing / Income and Expenses
- Electric Expense: $0
- Total Expenses: 7047
- Gross Adjusted Income: 58740
- Gross Rent Multiplier: 11.9
- Gross Scheduled Income: $57,540
- Insurance Expense: $1,000
- Net Operating Income: $50,493
- Other Expenses: $1,432
- Total Monthly Income: 4895
- 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: 880
- Rent Unit 1: $1,600.00
- Bedrooms Unit 1: 2
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
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: 656
- Rent Unit 2: $1,645.00
- Bedrooms Unit 2: 2
- Fireplaces Unit 2: 0
- Bathrooms Unit 2: 1
Unit 3
- Name Unit 3: 3
- Square Feet Unit 3: 880
- Rent Unit 3: $1,550.00
- Bedrooms Unit 3: 3
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 1536.0
- Leasable Area Units: Square Feet
Property History for 1623 South Yakima Avenue
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1623 South Yakima Avenue
Taxable ValueLand$184,900Additions$229,500Total$414,400
Tax Record2024$4,614 ($385 / month)
Home Facts
Total Finished SqFt1,536 SqFtAbove Ground SqFt1,536 SqFtStories2Lot Size2,973 SqFtStyleTriplexYear Built1906Year Renovated2017CountyPIERCEAPN2016150061
Schools near 1623 South Yakima Avenue
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 - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Mccarver PublicPK to 5 | ||
Jason Lee Public6 to 8 | ||
Stadium Public9 to 12 | ||
Tacoma Business Academy 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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Listing Courtesy of Heaton Dainard, LLC
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.