315-317 North L Street
315-317 North L Street
Tacoma, WA 98403
$1,499,950
Price
8
Beds
4
Baths
4,992 Sq. Ft.
$300 / Sq. Ft.
4,992
Sq. Ft.
$300
per Sq. Ft.
Listed By Compass
Listed By Compass
Listing provided courtesy of COMPASS
Description
A remarkable Four-plex opportunity featuring two 3-bed, 1-bath units & two 1-bed, 1-bath units, each adorned with covered porches, gas forced air heat, hardwood, fir floors & original charming built-ins. Two units boast updated kitchens with stainless appliances and newer cabinetry. Recent system upgrades encompass a new water supply line, all new supply plumbing, a new sewer line, and 2 new 80-gallon water heaters. Additionally, the property includes a 5-bay garage off the alley, a fully fenced...A remarkable Four-plex opportunity featuring two 3-bed, 1-bath units & two 1-bed, 1-bath units, each adorned with covered porches, gas forced air heat, hardwood, fir floors & original charming built-ins. Two units boast updated kitchens with stainless appliances and newer cabinetry. Recent system upgrades encompass a new water supply line, all new supply plumbing, a new sewer line, and 2 new 80-gallon water heaters. Additionally, the property includes a 5-bay garage off the alley, a fully fenced back yard, and an unfinished basement with shared laundry, open storage, and 4 individual storage units. Significant upside potential by renting the garages. Conveniently located for easy access to new light rail, Wright Park, and the medical center
Listing Agent
![Patrick Buckley]()
patrick.buckley@compass.comP: 253.334.0285
Property Details for 315-317 North L Street
Community Name
Stadium District
School DistrictTacoma
Number of Assigned Spaces5
Total Covered Parking5
Entry Date02-09-2024
Energy SourceElectric,Natural Gas
SewerSewer Connected
Location
Listing Courtesy of COMPASS![]()
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LISTING UPDATED: 05/01/2024 03:54 PM
Property Details for 315-317 North L Street
| Status | Active |
|---|---|
| MLS # | 2198854 |
| Days on Market | 85 |
| Cumulative Days on Market | 41 |
| Taxes | $9,178 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1910 |
| Lot Size | 0.15 AC / 6,500 SF |
| County | Pierce County |
Location
Listing Courtesy of COMPASS![]()
Add your commute
Building Information for 315-317 North L Street
Stories2Residences4Year Built1910Building Size-Lot Size0.15 AC / 6,500 SF
Payment Calculator
$8,951 per month
30 year fixed, 7.25% Interest
Principal and Interest
$8,186
Property Taxes
$765
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
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: 2023
Parking
- Number of Carport Spaces: 0.0
- Carport: No
- Open Parking Spaces: 0.0
- Open Parking: No
Interior and Exterior Features
Interior Features
- Floor Covering: Ceramic Tile, Softwood, Hardwood, Vinyl
- Features: Ceramic Tile, Fir/Softwood, Hardwood
- 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: FullyFenced
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: 4992
- Structure Type: Quadruplex
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 4992.0
- 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: 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: 75120
- Gross Rent Multiplier: 19.9
- Gross Scheduled Income: $89,520
- Insurance Expense: $3,147
- Net Operating Income: $75,120
- Other Expenses: $2,040
- Total Monthly Income: 0
- Fuel Expense: $2,701
Unit 1
- Name Unit 1: B
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 834
- Rent Unit 1: $1,495.00
- Bedrooms Unit 1: 1
- Fireplaces Unit 1: 0
- Bathrooms Unit 1: 1
Unit 2
- Name Unit 2: A
- Washer/Dryer Unit 2: false
- Range/Oven Unit 2: true
- Refrigerator Unit 2: true
- Dishwasher Unit 2: false
- Square Feet Unit 2: 1020
- Rent Unit 2: $2,170.00
- Bedrooms Unit 2: 3
- 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: $2,170.00
- 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: $1,625.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 4008.0
- Leasable Area Units: Square Feet
Property History for 315-317 North L Street
| 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 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 PublicK 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.
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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 COMPASS
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.