817 South 11th Street

Tacoma, WA 98405

$614,000
Last Sold Price
6
Beds
5
Baths
2,880 Sq. Ft.
$213 / Sq. Ft.
2,880
Sq. Ft.
$213
per Sq. Ft.

Description

This is the investment property that you have been looking for! Close to Downtown Tacoma and future light rail station. This 5 unit building has been professional managed, well maintained and still has room for value adds to create additional income! The unfinished basement has a ton of potential. Major stuff is taken care of so you can walk into a cash flowing building with confidence. Newer roof w/20 year warranty. Exterior recently painted. Don't miss this one!This is the investment property that you have been looking for! Close to Downtown Tacoma and future light rail station. This 5 unit building has been professional managed, well maintained and still has room for value adds to create additional income! The unfinished basement has a ton of potential. Major stuff is taken care of so you can walk into a cash flowing building with confidence. Newer roof w/20 year warranty. Exterior recently painted. Don't miss this one!
  1. Listed by Kwasi Bowie • Compass Washington

Property Details for 817 South 11th Street

Community Name
New Tacoma
School District
Tacoma
Number of Assigned Spaces
0
Total Covered Parking
0
Entry Date
08-09-2019
Sewer
Sewer Connected

Location

Listing Courtesy of Compass Washington

Sold By John L. Scott, Inc.

Add your commute
LISTING UPDATED: 03/26/2021 02:11 PM

Property Details for 817 South 11th Street

StatusSold
MLS #1503403
Days on Market125
Cumulative Days on Market1618
Taxes$4,929 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1900
Lot Size0.10 AC / 4,500 SF
CountyPierce County

Location

Listing Courtesy of Compass Washington

Sold By John L. Scott, Inc.

Add your commute

Building Information for 817 South 11th Street

Stories2Residences5Year Built1900Building Size-Lot Size0.10 AC / 4,500 SF

Payment Calculator

$3,762 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,351

Property Taxes

$411

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 817 South 11th Street

Summary
Location and General Information
  • Style: 55 - 5-9 Units
  • Site Features: Gated Entry
  • Area: 29 - Central Tacoma
  • Effective Year Built Source: Public Records
  • Directions: From I-5, exit 132 to Hwy 16, take the Sprague exit. From Sprague, right on 11th. Building will be on the left.
  • Leased Items: None
  • Property Sub Type: MULT
  • View: No
  • Waterfront: No
Taxes and HOA Information
  • Tax Year: 2019
Parking
  • Number of Carport Spaces: 0.0
  • Carport: No
  • Open Parking Spaces: 0.0
  • Open Parking: No
Interior and Exterior Features
Interior Features
  • Furnished: Unfurnished
  • Floor Covering: Vinyl, Carpet
  • Fireplace: No
  • Heating: Yes
  • FIRPTA: No
Exterior Features
  • Exterior: Stucco
  • Roof: Flat
Property
Utilities
  • Electric On Property: No
  • Heating and Cooling: Baseboard
  • Water/Sewer/Garbage: 4600
  • Power Production Type: Electric
  • Utilities: Sewer Connected, Electricity Available
Property and Assessments
  • New Construction YN: No
  • Foundation: Poured Concrete
  • Zoning Class: Multi-Family
  • Possible Use: Multi-Family
  • Preliminary Title Ordered: Yes
  • Special Listing Conditions: None
  • Year Built Effective: 1990
  • Photos Count: 16
Lot Information
  • Lot Details: Corner Lot, Curbs, Paved, Sidewalk
  • Lot Size Source: Realist
  • Parcel Number Free Text: 2010170070
  • Calculated Square Footage: 2880
  • Structure Type: Multi Family
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0
  • Building Area Total: 2880.0
  • 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: 5
  • Number Of Units Total: 5
  • Units Below Grade: false
  • Units In Building Total: 5
Financing / Income and Expenses
  • Electric Expense: $400
  • Total Expenses: 11158
  • Gross Adjusted Income: 53880
  • Gross Rent Multiplier: 12
  • Gross Scheduled Income: $52,380
  • Insurance Expense: $1,229
  • Net Operating Income: $42,722
  • Other Expenses: $0
  • Total Monthly Income: 4490
  • Fuel Expense: $0
Unit 1
  • Name Unit 1: C
  • Washer/Dryer Unit 1: false
  • Range/Oven Unit 1: true
  • Refrigerator Unit 1: true
  • Dishwasher Unit 1: true
  • Square Feet Unit 1: 391
  • Rent Unit 1: $825.00
  • Bedrooms Unit 1: 1
  • Fireplaces Unit 1: 0
  • Bathrooms Unit 1: 1
Unit 2
  • Name Unit 2: A
  • Washer/Dryer Unit 2: true
  • Range/Oven Unit 2: true
  • Refrigerator Unit 2: true
  • Dishwasher Unit 2: true
  • Square Feet Unit 2: 828
  • Rent Unit 2: $1,020.00
  • Bedrooms Unit 2: 3
  • Fireplaces Unit 2: 0
  • Bathrooms Unit 2: 1
Unit 3
  • Name Unit 3: B
  • Washer/Dryer Unit 3: false
  • Range/Oven Unit 3: true
  • Refrigerator Unit 3: true
  • Dishwasher Unit 3: true
  • Square Feet Unit 3: 282
  • Rent Unit 3: $750.00
  • Bedrooms Unit 3: 0
  • Fireplaces Unit 3: 0
  • 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: 408
  • Rent Unit 4: $895.00
  • Bedrooms Unit 4: 1
  • Fireplaces Unit 4: 0
  • Bathrooms Unit 4: 1
Unit 5
  • Name Unit 5: E
  • Washer/Dryer Unit 5: false
  • Range/Oven Unit 5: true
  • Refrigerator Unit 5: true
  • Dishwasher Unit 5: true
  • Square Feet Unit 5: 376
  • Rent Unit 5: $875.00
  • Bedrooms Unit 5: 1
  • Fireplaces Unit 5: 0
  • Bathrooms Unit 5: 1
Rental
Rent Information
  • Occupant Type: Tenant
  • Leasable Area: 2285.0
  • Leasable Area Units: Square Feet

Property History for 817 South 11th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 817 South 11th Street

Taxable ValueLand$175,600Additions$400,600Total$576,200
Tax Record2023$5,981 ($498 / month)
Home Facts
Total Finished SqFt2,880 SqFtAbove Ground SqFt2,880 SqFtUnfinished Basement Area1,440 SqFtStories2Lot Size4,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1900Year Renovated1990ZoningR5CountyPIERCEAPN2010170070

Schools near 817 South 11th Street

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.

Similar Homes

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Similar Sold Homes

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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 Washington

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.