3941 Mason Loop Rd

Tacoma, WA 98409

$778,000
Last Sold Price
—
Beds
—
Baths
3,696 Sq. Ft.
$210 / Sq. Ft.
3,696
Sq. Ft.
$210
per Sq. Ft.
Sold 3/3/21
Sold 3/3/21
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Listing provided courtesy of Commencement Bay Brokers LLC, Coldwell Banker Bain

Description

Well maintained 4plex in Tacoma's Madrona neighborhood is a great investment opportunity. Steady long term tenants with rents poised to increase (currently under market value). The spacious 2 bedroom, 1.5 bath, units also feature a 1 car garage making these units highly desirable. Property features new siding & decks as well as a newer roof & gutters (2017). Unit A has been updated and features a new kitchen additionally the fireplaces in each unit have been recently removed for additional safety....Well maintained 4plex in Tacoma's Madrona neighborhood is a great investment opportunity. Steady long term tenants with rents poised to increase (currently under market value). The spacious 2 bedroom, 1.5 bath, units also feature a 1 car garage making these units highly desirable. Property features new siding & decks as well as a newer roof & gutters (2017). Unit A has been updated and features a new kitchen additionally the fireplaces in each unit have been recently removed for additional safety. Units have W/D hookups and W/D appliances are tenant owned. Storage units are currently rented for additional income. Easy access to Hwy 16 & I5.
  1. Listed by Nicolas Lind • Commencement Bay Brokers LLC
  2. Listed by Merac Crawford • Commencement Bay Brokers LLC

Property Details for 3941 Mason Loop Road

Community Name
South Tacoma
School District
Tacoma
View
City
Number of Assigned Spaces
12
Total Covered Parking
4
Entry Date
01-28-2021
Sewer
Sewer Connected
LISTING UPDATED: 09/05/2024 05:42 AM

Property Details for 3941 Mason Loop Road

StatusSold
MLS #1722448
Days on Market2
Cumulative Days on Market2
Taxes$6,932 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1979
Lot Size0.20 AC / 8,800 SF
CountyPierce County

Location

Listing Courtesy of Commencement Bay Brokers LLC

Sold By Coldwell Banker Bain

Add your commute

Building Information for 3941 Mason Loop Road

Stories2Residences4Year Built1979Building Size-Lot Size0.20 AC / 8,800 SF

Payment Calculator

$4,370 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,792

Property Taxes

$578

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3941 Mason Loop Road

Summary
Location and General Information
  • Style: 54 - 4-Plex
  • Site Features: Deck, High Speed Internet
  • Area: 45 - South 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 I-5 take the 56th Street exit. Head West on 56th to Tyler St. North on Tyler to 40th St. West on 40th, 40th becomes Mason Loop. Property located on West side of loop.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: Yes
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2020
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 8.0
  • Open Parking: Yes
Virtual Tour
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Features: Wall to Wall Carpet
  • Amenities: Playground,Storage,Thermal Windows
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Wood
  • Roof: Composition
Property
Utilities
  • Water Source: See Remarks
  • Water/Sewer/Garbage: 5400
  • Power Company: TPU
  • Sewer Company: TPU
  • Water Company: TPU
  • Power Production Type: Electric
  • Utilities: High Speed Internet, Sewer Connected, Electric
Property and Assessments
  • New Construction YN: No
  • Zoning Jurisdiction: City
  • Zoning Class: Multi-Family
  • First Right Of Refusal: false
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Senior Community: No
  • Special Listing Conditions: None
  • Year Built Effective: 1988
  • Photos Count: 16
Lot Information
  • Lot Details: Cul-De-Sac
  • Lot Size Source: Public Records
  • Parcel Number Free Text: 555400-012-0
  • Building Condition: Average
  • 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
  • Green Energy Efficient: Thermal Windows
Multi Family
Building Details
  • Number of Uncovered Spaces: 8
  • 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: $0
  • Total Expenses: 13332
  • Gross Adjusted Income: 56640
  • Gross Rent Multiplier: 13
  • Gross Scheduled Income: $56,640
  • Insurance Expense: $1,000
  • Net Operating Income: $43,308
  • Other Expenses: $0
  • Total Monthly Income: 4720
  • Fuel Expense: $0
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 3728.0
  • Leasable Area Units: Square Feet

Property History for 3941 Mason Loop Road

DateEvent & SourcePriceAppreciation
Mar 3, 2021

Sold

NWMLS #1722448

$778,000—
Mar 1, 2021

Sold (Public Record)

Public Record #1452859783

$778,000—
Mar 1, 2021

Sold (Public Record)

Public Record #1452253788

$778,000

+7.6% / yr

Jan 30, 2021

Pending

NWMLS #1722448

—
Jan 28, 2021

Listed (Active)

NWMLS #1722448

$755,000—
Jul 25, 2011

Sold (Public Record)

Public Record #312427799

$384,700

+0.6% / yr

Feb 7, 2005

Sold

NWMLS #25009473

$369,950—
Feb 3, 2005

Sold (Public Record)

Public Record #151019633

$369,950

+20.2% / yr

Jan 26, 2005

Pending

NWMLS #25009473

—
Jan 20, 2005

Listed (Active)

NWMLS #25009473

$369,950—
Sep 8, 2003

Sold (Public Record)

Public Record #119584803

$285,550

+15.1% / yr

Apr 4, 2002

Sold (Public Record)

Public Record #86148757

$233,700—
Apr 4, 2002

Sold

NWMLS #22019896

$233,700—
Feb 19, 2002

Pending

NWMLS #22019896

—
Feb 13, 2002

Listed (Active)

NWMLS #22019896

$234,500—
DateEvent & SourcePrice
03/03/2021

Sold

NWMLS #1722448

$778,000
03/01/2021

Sold (Public Record)

Public Record #1452859783

$778,000
03/01/2021

Sold (Public Record)

Public Record #1452253788

$778,000

+7.6% / yr

01/30/2021

Pending

NWMLS #1722448

—
01/28/2021

Listed (Active)

NWMLS #1722448

$755,000
07/25/2011

Sold (Public Record)

Public Record #312427799

$384,700

+0.6% / yr

02/07/2005

Sold

NWMLS #25009473

$369,950
02/03/2005

Sold (Public Record)

Public Record #151019633

$369,950

+20.2% / yr

01/26/2005

Pending

NWMLS #25009473

—
01/20/2005

Listed (Active)

NWMLS #25009473

$369,950
09/08/2003

Sold (Public Record)

Public Record #119584803

$285,550

+15.1% / yr

04/04/2002

Sold (Public Record)

Public Record #86148757

$233,700
04/04/2002

Sold

NWMLS #22019896

$233,700
02/19/2002

Pending

NWMLS #22019896

—
02/13/2002

Listed (Active)

NWMLS #22019896

$234,500

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

Public Records for 3941 Mason Loop Road

Taxable ValueLand$215,700Additions$699,100Total$914,800
Tax Record2025$9,948 ($829 / month)
Home Facts
Total Finished SqFt3,696 SqFtAbove Ground SqFt3,696 SqFtStories2Lot Size8,800 SqFtStyleMulti-Family Res (5+ Units)Year Built1979Year Renovated1988ZoningR3CountyPIERCEAPN5554000120Fireplace TypeHas Fireplace

Schools near 3941 Mason Loop Road

This home is within Tacoma School District.
Rating
School
Type
Grades
Distance
Whittier Elementary School
Public - PK to 5
Wainwright Intermediate School
Public - 4 to 8
Foss High School
Public - 9 to 12
Oakland High School
Public - 9 to 12
Rating
School
Distance
Whittier Elementary School
PublicPK to 5

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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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, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims 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 discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Commencement Bay Brokers LLC

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 01/10/2026 06:42 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.