315 N L Street Tacoma, WA $ 1,450,000
315 N L Street
$ 1,450,000
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315 N L Street

Tacoma, WA, 98403
$ 1,450,000
Baths0.0 Sq 4,992

Monthly Estimate*

$ 9,637

Listed by COMPASS
315 N L Street, Tacoma, WA 98403 - Image 1
Studio

Multi-Family Home for sale in Tacoma, WA

for $1,450,000. This 4,992 square foot home was built in 1910 on a lot size of 0.1492.

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. Three 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, 2 new 80-gallon water heaters and a new furnace. 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. Easy access to new light rail, Wright Park, and the medical center.

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Multi-Family Active

Price

$ 1,450,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 9,178

Style

4-Plex

Lot Size

0.1492

Year Built

1910

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2341060

Features
Interior
Interior Amenities Ceramic Tile
Flooring Ceramic Tile Hardwood Softwood Vinyl
Total Fireplaces 0
Total Stories 2
Air Conditioning Y/N N
Heating Y/N Y
Fireplace Y/N N
Bedrooms Possible 0
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
General
Sewer Sewer Connected
Heating Forced Air
Cooling None
Possession Subject to Tenant Rights
Roof Composition Metal
HOA Fee 0
Year Built 1910
Property Subtype Multi Family
Tax Year 2024
County Pierce
Net Operating Income 75120
Insurance Expense 3147
New Construction N
Property Type Residential Income
HOA N
Subdivision Name Stadium District
Special Listing Conditions None
Status Active
Directions Division to N L St. NW on N L. Building is on the right
City Tacoma
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 0
Number Of Units Total 4
MLS Area 20 - North Tacoma
Lot Size Units Square Feet
Lot Size Square Feet 6500
Carport Spaces 0
Carport Y/N N
Listing Terms Cash Out Conventional FHA
Tax Annual Amount 9178
Electric Expense 1920
Fuel Expense 2701
Public Remarks 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. T
Leasable Area 4992
Structure Type Quadruplex
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Amenities Basement Storage
Units Below Grade false
Units In Building Total 4
Water Sewer Garbage 4968
Property Style 54 - 4-Plex
Cap Rate 5
Exterior
Exterior Amenities Wood
Lot Features Curbs Paved Sidewalk
Water Source Public
Total Parking 5
Foundation Details Poured Concrete
Building Area Total 4992
Lot Size Acres 0.1492
WaterfrontY/N N
Covered Spaces 5
Open Parking Y/N N
Irrigation Water Rights Y/N N
Site Features Cable TV Fenced-Partially Gas Available High Speed Internet
Parking Uncovered Spaces 0
Internal Only
OriginalMLSID NWM2341060
Street Number 1 315
* Excluded Features
List By
Patrick Buckley

Listing Agent

Compass

Broker

Affordability Calculator

$10,402
Per Month
93%
7%
0%
Monthly Principal & Interest
$9,637
Monthly Property Taxes
$765
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
256639 Elementary School
257487 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/25/2025$1,450,000 -3.01% Price Down
3/6/2025$1,495,000 Listed Price

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315 N L Street, Tacoma, WA, 98403 is a Multi-Family Home for sale at $1,450,000 with 4,992 sqft and a lot size of 0.1492. 315 N L Street is a studio with 0.0 baths and was built in 1910. The property's zip code is 98403 which is in Tacoma, WA