$945,000

12 Beds 8 Baths 3,968 SQFT 0.24 Acres
Type: Multi-Family

1101 S Woodlawn Street # 1-4
Tacoma, WA 98465

MLS#: 2573776
Presented by: Multifamily Properties and NWMLS

Property Description

 

*RARE UR-3 INVESTMENT + DEVELOPMENT OPP - EXISTING 4-PLEX ON 10,251 SF LOT* Perfect if you're looking for your first rental property or wanting to expand your current portfolio! This fourplex near Tacoma's North End features four spacious 3-bed, 1.5-bath units, each with full w/d + f/p. Units 1 & 4 remodeled (est $15k) AUG '26 & have been kept vacant for new owners, providing your chance to capture market rents & recapture w/s/g via RUBS. Target 6.25%+ CAP. House hackers, occupy one while the other 3 pay your mortgage. Fresh ext paint, newer water heaters, new flooring, int paint. The 3-bed floor plans are attractive to renters, appealing to groups of 4+ seeking more space without the cost of a home. Location is an advantage. Very convenient self-storage facility right next door. Great access to I-5, SR-16 & services, while remaining close to hip 6th Ave & downtown. For commuters to JBLM or going north to King Co, the area provides major transportation options. Whether you're a seasoned investor looking to increase rents & build long-term equity or an owner-occupant seeking a smart house-hack, this property offers multiple paths to maximize your investment & deserves your serious consideration. A chance to acquire a 4plex with 3-bed units with immediate upside or owner-occupant flexibility are increasingly difficult to find in today's market. No HOA, clean records, easy to self-manage. Seller's exit is your gain. Buyer to verify measurements, rents & financing eligibility.


 

Interior Features

Bedrooms

Bedrooms Upper0

Bathrooms

Baths Full Upper0
Baths Half Upper0
Baths Three Quarter Upper0

Other Interior Features

Air Conditioning Y/NNo
Fireplace Y/NNo
FlooringLaminate, Vinyl Plank
Heating Y/NYes
Power Production TypeElectric
Total Fireplaces0
Total Stories2

General

Building Area Units0 sqft
Cap Rate6.36
Carport Spaces0
Carport Y/NNo
CityTacoma
CoolingNone
CountyPierce
DirectionsHighway 16 to Pearl St, east on 12th St, left on Woodlawn St, last building at the end. Google street view is not accurate. Access is the private driveway between Woodlawn & Highland.
Electric Expense0
Elementary SchoolBuyer To Verify
Fuel Expense0
Garage Spaces0
HOANo
HOA Fee$0
HeatingBaseboard
High SchoolBuyer To Verify
High School DistrictTacoma
Insurance Expense3635
Leasable Area3,968 sqft
Listing TermsCash, Conventional, FHA, See Remarks, VA Loan
Living Area0 sqft
Lot Size Square Feet10,251 sqft
Lot Size UnitsSquare Feet
MLS Area31 - West Tacoma
Middle/Junior High SchoolBuyer To Verify
NWM_ShowMapLinkY
Net Operating Income60133
New ConstructionNo
Number Of Units Total4
PossessionClosing, Subject To Tenant Rights
Possible UseMulti-Family
Property Style54 - 4-Plex
Property SubtypeMulti Family
Property TypeResidential Income
Public Remarks*RARE UR-3 INVESTMENT + DEVELOPMENT OPP - EXISTING 4-PLEX ON 10, 251 SF LOT* Perfect if you're looking for your first rental property or wanting to expand your current portfolio! This fourplex near Ta
RoofComposition
Senior Community Y/NNo
SewerSewer Connected
Special Listing ConditionsNone
Standard StatusActive
StatusActive
Structure TypeQuadruplex
Subdivision NameTacoma
Tax Annual Amount$9,978
Tax Year2026
Unit Number1
Units Below Gradefalse
Units In Building Total4
Virtual TourClick here
Water CompanyTPU
Water Sewer Garbage11172
Year Built1977
Zoning DescriptionMulti-Family

Exterior

Building Area Total3,968 sqft
Covered Spaces0
Exterior AmenitiesBrick, Wood
Foundation DetailsSlab
Irrigation Water Rights Y/NNo
Lot Dimensions10251
Lot FeaturesAlley, Dead End Street
Lot Size Acres0.2353
Parking Uncovered Total5
Site FeaturesCable TV
Total Parking5
Water SourcePublic
Waterfront Y/NNo

Additional Details

Price History

Schools 

High School Buyer To Verify High School
Elementary School Buyer To Verify Elementary School
Middle School Buyer To Verify Middle School

  

Similar Properties

$945,000

12 Beds 8 Baths 3,968 SQFT 0.24 Acres
Type: Multi-Family

1101 S Woodlawn Street # 1-4
Tacoma, WA 98465

MLS#: 2573776