720 108th Street South
720 108th Street South
Tacoma, WA 98444
$699,999
Price
6
Beds
5
Baths
2,101 Sq. Ft.
$333 / Sq. Ft.
2,101
Sq. Ft.
$333
per Sq. Ft.
Pending Feasibility
Pending Feasibility
Listing provided courtesy of Icon Group
Description
Add to your investment portfolio today! 6.3% cap rate! First time on the market 5-plex. Each unit has 1 bedroom, 1 bathroom kitchen & living space. All units fully rented out w/ low turnover rate. 5 new electrical subpanels upgraded in 2023. Unit #5 has new heater, upgraded wiring & new stove. Upgraded plumbing w/ clean out access. Owner pays electric on units 3, 4, 5. Brand New water heater installed in shared laundry room in 2024. Common area maintenance included in rent. Outside city limits of...Add to your investment portfolio today! 6.3% cap rate! First time on the market 5-plex. Each unit has 1 bedroom, 1 bathroom kitchen & living space. All units fully rented out w/ low turnover rate. 5 new electrical subpanels upgraded in 2023. Unit #5 has new heater, upgraded wiring & new stove. Upgraded plumbing w/ clean out access. Owner pays electric on units 3, 4, 5. Brand New water heater installed in shared laundry room in 2024. Common area maintenance included in rent. Outside city limits of Tacoma, only county & state rental rules apply. Onsite property manager. Buyer to verify all info. Great location! Close to PLU, JBLM, restaurants, shopping & bus line.
- Listed by Mataya Davis • Icon Group
- Listed by Lowell Morrison • Icon Group
Property Details for 720 108th Street South
Community Name
Tacoma
School DistrictFranklin Pierce
Number of Assigned Spaces6
Total Covered Parking0
Entry Date03-07-2024
Energy SourceElectric
SewerSewer Connected
Location
Listing Courtesy of Icon Group![]()
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LISTING UPDATED: 04/19/2024 03:22 PM
Property Details for 720 108th Street South
| Status | Pending Feasibility |
|---|---|
| MLS # | 2207841 |
| Days on Market | 40 |
| Cumulative Days on Market | 41 |
| Taxes | $5,778 / year |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Residential Income |
| Year Built | 1965 |
| Lot Size | 0.21 AC / 9,000 SF |
| County | Pierce County |
Location
Listing Courtesy of Icon Group![]()
Add your commute
Building Information for 720 108th Street South
Stories1Residences5Year Built1965Building Size-Lot Size0.21 AC / 9,000 SF
Payment Calculator
$4,302 per month
30 year fixed, 7.25% Interest
Principal and Interest
$3,820
Property Taxes
$482
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 720 108th Street South
Summary
Location and General Information
- Style: 55 - 5-9 Units
- Site Features: Fenced-Partially
- Area: 63 - Parkland
- Elementary School: Buyer To Verify
- Middle Or Junior School: Buyer To Verify
- High School: Buyer To Verify
- Directions: GPS friendly
- 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: 6.0
- Open Parking: Yes
Interior and Exterior Features
Interior Features
- Floor Covering: Laminate, Carpet
- Features: Laminate, Wall to Wall Carpet
- Cooling: Yes
- Cooling: Forced Air
- Fireplace: No
- Heating: Yes
- Heating: Baseboard, Forced Air
- FIRPTA: No
Exterior Features
- Exterior: Wood, Wood Products
- Roof: Built-Up, Flat
- Security Features: FullyFenced
Property
Utilities
- Water Source: Public
- Water/Sewer/Garbage: 7413
- Power Company: TPU
- Sewer Company: Pierce County
- Water Company: TPU
- Power Production Type: Electric
Property and Assessments
- New Construction YN: No
- Zoning Jurisdiction: County
- Foundation: Poured Concrete
- Zoning Class: Commercial,Multi-Family,Residential
- Possible Use: Commercial, Multi-Family, Residential
- MLS Square Footage Source: Realist
- Preliminary Title Ordered: Yes
- Senior Community: No
- Special Listing Conditions: None
- Photos Count: 13
Lot Information
- Lot Details: Dead End Street, Paved
- Lot Size Source: Realist
- Parcel Number Free Text: 6260001101
- Calculated Square Footage: 2101
- Structure Type: Multi Family
- Square Footage Finished: 0
- Square Footage Unfinished: 0
- Building Area Total: 2101.0
- 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: 1
- Vacancy Rate: 0
- Number Of Units Total: 5
- Units Below Grade: false
- Units In Building Total: 5
Financing / Income and Expenses
- Electric Expense: $2,193
- Total Expenses: 20325
- Gross Adjusted Income: 55020
- Gross Rent Multiplier: 12.7
- Gross Scheduled Income: $55,020
- Insurance Expense: $3,704
- Net Operating Income: $34,695
- Other Expenses: $1,237
- Total Monthly Income: 4585
- Fuel Expense: $0
Unit 1
- Name Unit 1: #1/Office
- Washer/Dryer Unit 1: false
- Range/Oven Unit 1: true
- Refrigerator Unit 1: true
- Dishwasher Unit 1: false
- Square Feet Unit 1: 672
- Rent Unit 1: $1,150.00
- Bedrooms Unit 1: 2
- 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: false
- Square Feet Unit 2: 357
- Rent Unit 2: $860.00
- 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: false
- Square Feet Unit 3: 315
- Rent Unit 3: $875.00
- Bedrooms Unit 3: 1
- Fireplaces Unit 3: 0
- Bathrooms Unit 3: 1
Unit 4
- Name Unit 4: #4
- Washer/Dryer Unit 4: false
- Range/Oven Unit 4: true
- Refrigerator Unit 4: true
- Dishwasher Unit 4: false
- Square Feet Unit 4: 336
- Rent Unit 4: $800.00
- Bedrooms Unit 4: 1
- Fireplaces Unit 4: 0
- Bathrooms Unit 4: 1
Unit 5
- Name Unit 5: #5
- Washer/Dryer Unit 5: false
- Range/Oven Unit 5: true
- Refrigerator Unit 5: true
- Dishwasher Unit 5: false
- Square Feet Unit 5: 396
- Rent Unit 5: $900.00
- Bedrooms Unit 5: 1
- Fireplaces Unit 5: 0
- Bathrooms Unit 5: 1
Rental
Rent Information
- Occupant Type: Tenant
- Leasable Area: 2076.0
- Leasable Area Units: Square Feet
Property History for 720 108th Street South
| 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 720 108th Street South
Taxable ValueLand$152,200Additions$345,300Total$497,500
Tax Record2024$5,801 ($483 / month)
Home Facts
Total Finished SqFt2,101 SqFtAbove Ground SqFt2,101 SqFtStories1Lot Size9,000 SqFtStyleMulti-Family Res (5+ Units)Year Built1965Year Renovated1981ZoningMSFCountyPIERCEAPN6260001101
Schools near 720 108th Street South
This home is within Franklin Pierce School District.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 8 to 12 |
Rating | School | Distance |
|---|---|---|
James Sales Elementary School PublicK to 5 | ||
Perry G Keithley Middle School Public6 to 8 | ||
Washington High School Public9 to 12 | ||
Gates Secondary School Public8 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 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 Icon Group
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.