3302 McKinley Avenue

3302 McKinley Avenue

Tacoma, WA 98404

$1,280,000
Price
8
Beds
4
Baths
3,146 Sq. Ft.
$407 / Sq. Ft.
3,146
Sq. Ft.
$407
per Sq. Ft.
a front view of a house with a garden and trees
a front view of a house with a yard
a front view of a house with a yard and garage
a front view of a house with a yard
an aerial view of a house with yard
a front view of a house with a yard
an aerial view of a city
a view of a hallway with wooden floor and a living room
an empty room with wooden floor and windows
a kitchen with kitchen island a counter top space a stove and wooden floor
a living room with a couch and wooden floor
a kitchen with a sink cabinets and stainless steel appliances
a view of a hallway view with wooden floor and a window
a kitchen with stainless steel appliances a refrigerator sink and cabinets
a kitchen with a sink stove and microwave
a bathroom with a sink a toilet and a mirror
a bedroom with a bed and a painting on the wall
a view of door
a view of a hallway with wooden floor and a living room
an empty room with wooden floor and windows
a kitchen with a sink windows and a refrigerator
wooden floor in an empty room with a window
a kitchen with stainless steel appliances granite countertop a refrigerator and a sink
a kitchen with stainless steel appliances a stove microwave and sink
a kitchen with stainless steel appliances a stove microwave and sink
a bathroom with a sink a toilet and shower
a view of empty room with wooden floor and fan
a view of empty room with wooden floor and fan
a view of a kitchen from the hallway
a view of city from a balcony
a close view of washer and dryer
an empty room with a window
a view of a room with gym equipment
Listing provided courtesy of Keller Williams Rty Tacoma

Description

Add-on value investment nestled in the heart of Tacoma. Boasting 85% new construction,down to the framing and new trusses, this building has undergone a comprehensive overhaul, fully permitted by the city with energy efficient requirements. Intentionally remains vacant, offering the new owner the flexibility to select tenants of their choice. Pro-forma rents at $2000 and utilities billed back at $150/ unit, this property presents an enticing 6.6% cap rate. Verbal city approval for 2 additional units...Add-on value investment nestled in the heart of Tacoma. Boasting 85% new construction,down to the framing and new trusses, this building has undergone a comprehensive overhaul, fully permitted by the city with energy efficient requirements. Intentionally remains vacant, offering the new owner the flexibility to select tenants of their choice. Pro-forma rents at $2000 and utilities billed back at $150/ unit, this property presents an enticing 6.6% cap rate. Verbal city approval for 2 additional units above a two-car garage next to alley. Residents will delight in the proximity to local dining options just blocks away, as well as the convenience of the nearby light rail system connecting to downtown and commuter trains to neighboring cities.
  1. Listed by Brian Thayer • Keller Williams Rty Tacoma

Property Details for 3302 McKinley Avenue

Community Name
McKinley
School District
Tacoma
Number of Assigned Spaces
4
Total Covered Parking
0
Entry Date
04-01-2024
Energy Source
Electric
Sewer
Sewer Connected

Location

Listing Courtesy of Keller Williams Rty Tacoma
Add your commute
LISTING UPDATED: 04/10/2024 11:39 AM

Property Details for 3302 McKinley Avenue

StatusActive
MLS #2215711
Days on Market31
Cumulative Days on Market30
Taxes$5,706 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
Lot Size0.14 AC / 6,000 SF
CountyPierce County

Location

Listing Courtesy of Keller Williams Rty Tacoma
Add your commute

Building Information for 3302 McKinley Avenue

Stories2Residences4Year Built1976Building Size-Lot Size0.14 AC / 6,000 SF

Payment Calculator

$7,461 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,985

Property Taxes

$476

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3302 McKinley Avenue

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Cable TV, Deck, Sprinkler System
  • Area: 55 - Southeast Tacoma
  • Effective Year Built Source: Public Records
  • Directions: From downtown south on McKinley Ave to property on right (corner of McKinley Ave and E Wright Ave).
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2024
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 4.0
  • Open Parking: Yes
Interior and Exterior Features
Interior Features
  • Floor Covering: Laminate
  • Features: Laminate
  • New Construction: Completed
  • Amenities: Energy Package,Thermal Windows
  • Cooling: Yes
  • Cooling: Ductless HP-Mini Split, None
  • Fireplace: No
  • Heating: Yes
  • Heating: Ductless HP-Mini Split, Wall Unit(s)
  • FIRPTA: No
Exterior Features
  • Exterior: Cement Planked
  • Roof: Composition
Property
Utilities
  • Water Source: Public
  • Water/Sewer/Garbage: 0
  • 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: Yes
  • Zoning Jurisdiction: City
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family,Residential,See Remarks
  • Construction Methods: Standard Frame
  • Estimated Completion Date: 2023-12-01
  • First Right Of Refusal: false
  • Possible Use: Multi-Family, Residential, See Remarks
  • MLS Square Footage Source: Co Assessor
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 2023
  • Photos Count: 33
Lot Information
  • Lot Details: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Source: Co Assessor
  • Parcel Number Free Text: 208328-008-0
  • Building Condition: Restored
  • Calculated Square Footage: 3146
  • Structure Type: Quadruplex
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 3146.0
  • Building Area Units: Square Feet
  • Property Type: Residential Income
  • Elevation Units: Feet
  • Irrigation Water Rights: No
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 4
  • Number of Stories in Building: 2
  • Vacancy Rate: 3
  • Number Of Units Total: 4
  • Units Below Grade: false
  • Units In Building Total: 4
Financing / Income and Expenses
  • Electric Expense: $420
  • Total Expenses: 7626
  • Gross Adjusted Income: 93120
  • Gross Rent Multiplier: 13.3
  • Gross Scheduled Income: $96,000
  • Insurance Expense: $1,500
  • Net Operating Income: $85,494
  • Other Expenses: $0
  • Total Monthly Income: 8000
  • Fuel Expense: $0
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: 786
  • Rent Unit 1: $2,000.00
  • Bedrooms Unit 1: 2
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: B
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 786
  • Rent Unit 2: $2,000.00
  • Bedrooms Unit 2: 2
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: C
  • Washer/Dryer Unit 3: true
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 786
  • Rent Unit 3: $2,000.00
  • Bedrooms Unit 3: 2
  • Fireplaces Unit 3: 0
  • Bathrooms 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: 786
  • Rent Unit 4: $2,000.00
  • Bedrooms Unit 4: 2
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Rental
Rent Information
  • Occupant Type: Vacant
  • Leasable Area: 3146.0
  • Leasable Area Units: Square Feet

Property History for 3302 McKinley Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3302 McKinley Avenue

Taxable ValueLand$164,800Additions$347,900Total$512,700
Tax Record2024$5,706 ($476 / month)
Home Facts
Total Finished SqFt3,146 SqFtAbove Ground SqFt3,146 SqFtStories2Lot Size6,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1976Year Renovated1986ZoningR4LCountyPIERCEAPN2083280080

Schools near 3302 McKinley Avenue

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Blix Elementary School
Public - PK to 5
Stewart
Public - 6 to 8
Lincoln
Public - 9 to 12
Tacoma School Of The Arts
Public - 9 to 12
Rating
School
Distance
Blix Elementary School
PublicPK to 5

Stewart
Public6 to 8

Lincoln
Public9 to 12

Tacoma School Of The Arts
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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More information about 3302 McKinley Avenue, Tacoma, WA 98404

3302 McKinley Avenue is a multi-family home for sale in Tacoma, WA 98404. This property was listed for sale on April 1, 2024 by Keller Williams Rty Tacoma, it's currently listed at $1,280,000. This listing's school district is Tacoma School District. Nearby schools include Blix Elementary School, Stewart and Lincoln. 3302 McKinley Avenue is a 8-bed, 4-bath, 3,146 sqft multi-family home built in 1976.

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 Keller Williams Rty Tacoma

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.