$1,425,000
315 N L Street, Tacoma, WA 98403
4,008 Sq Ft
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MLS #2546564 / Listing provided by NWMLS & COMPASS.

$1,425,000

315 N L Street
Tacoma, WA 98403

Active 20 hours ago
4,008
Sq Ft
$356
Per Sq Ft
1910
Year Built

Fully occupied, freshly upgraded, and sitting on a path of undeniable growth. The unit mix is exactly what tenants want: two spacious 3-bed/1-bath units and two 1-bed/1-bath units, each with covered porches, hardwood and fir floors, original built-ins, and gas forced air heat. Two units feature updated kitchens with stainless appliances and newer cabinetry.The heavy lifting is already done. A new water supply line, all-new supply plumbing, new sewer line, two new 80-gallon water heaters, and new furnaces mean a new owner steps into a mechanically sound asset with minimal deferred maintenance and maximum peace of mind.A five-bay garage off the alley represents untapped monthly income sitting largely uncaptured in the current rent roll, a straightforward path to pushing NOI higher without touching a single unit. Fully fenced backyard, unfinished basement with shared laundry, open storage, and four individual storage units round it out.Easy access to Tacoma's new light rail, Wright Park, and the medical center puts this property directly in the path of the city's most significant growth corridor. Proven tenancy. Turnkey systems.

Disclaimer: The information contained in this listing has not been verified by Hawkins-Poe Real Estate Services and should be verified by the buyer.

Interior Features

Bedrooms

  • Upper Level Bedrooms: 0

Fireplaces

  • Total Fireplaces: 0

Heating & Cooling

  • Heating: Yes
  • Cooling: No
Exterior Features

Parking

  • Garage Spaces: 5
  • Parking Total: 5
  • Total Uncovered Parking Spaces: 0

Structure

  • Roof: Composition, Metal
  • Exterior Features: Wood
  • Foundation: Poured Concrete

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.1492
  • Foundation: Poured Concrete
Area Features

Schools

  • High School District: Tacoma

Lot Details

  • Lot Features: Curbs, Paved, Sidewalk
  • Acres: 0.1492
  • Foundation: Poured Concrete
Utilities

Power

  • Energy Source: Electric, Natural Gas

Water, Sewer, and Garbage

  • Sewer: Sewer Connected
  • Water Source: Public
  • Water, Sewer, and Garbage: 4968
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