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601 N K Street Tacoma, WA $ 1,425,000
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$ 1,425,000 Get more info
601 N K Street
$ 1,425,000
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Share Save

601 N K Street

Tacoma, WA, 98403
$ 1,425,000
Baths0.0 Sq 3,840

Monthly Estimate*

$ 9,954

Listed by City Closers Real Estate
601 N K Street, Tacoma, WA 98403 - Image 1
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601 N K Street, Tacoma, WA 98403 - Image 18
View a Virtual Tour
Studio

Multi-Family Home for sale in Tacoma, WA

for $1,425,000. This 3,840 square foot home was built in 1905 on a lot size of 0.1492.

Investors! Capitalize on this high-performing, turnkey building in North End Tacoma. This is a 100% leased asset where the commercial anchor tenant (66 years in business) has a new 20-year NNN lease with 3% annual increases! Actual Cap Rate is 7.42%. Potential for value add by building units in the rear of the property with alley access. This corner property has water views from the 3rd floor and it's located in one of the most prized neighborhoods of Tacoma. The main commercial tenant's space was completely renovated in 2019. The building has three commercial spaces occupied by one commercial tenant and three residential apartments with eight off-street parking spots. Near to the new rail system, medical, retail, restaurants & parks.

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Multi-Family Pending

Price

$ 1,425,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 4,268

Style

Tri-plex

Lot Size

0.1492

Year Built

1905

Town/City

Tacoma

County/Region

Pierce

MLS | Web ID

2182578
Features
General
Interior Features Ceramic Tile Wall to Wall Carpet Laminate
Sewer Sewer Connected
Heating Baseboard
Cooling Other – See Remarks
Possession Closing Tenant's Rights
Roof Composition
Exterior Features Wood
HOA 0
Year Built 1905
View Bay Partial Sound Territorial
Property SubType Multi-Family
Tax Year 2023
County Pierce
Net Operating Income 105867
Insurance Expense 4376
New Construction N
Property Type Residential Income
HOA / Comm Assn N
Subdivision Name North Tacoma
Possible Use Commercial
Special Listing Conditions None
Status Pending
Directions GPS is accurate.
City Tacoma
Buyer Agent Compensation 3
View Y/N Y
Senior Community Y/N N
High School District Tacoma
Open Parking Spaces 8
Total Units 5
MLS Area 21 - North Tacoma
Lot Size Square Feet 6500
Waterfront Y/N N
Carport Spaces 0
Carport Y/N N
Street Name K
Listing Terms Cash Out Conventional
Tax Annual Amount 4268
Electric Expense 0
Fuel Expense 0
Property Condition Average
Public Remarks Investors! Capitalize on this high-performing turnkey building in North End Tacoma. This is a 100% leased asset where the commercial anchor tenant (66 years in business) has a new 20-year NNN lease
Leasable Area 3840
Virtual Tour https://vimeo.com/884736890
Structure Type Triplex
Building Area Units Square Feet
Standard Status Pending
Amenities Basement Coin Op Laundry Storage
Water Company Tacoma Public Utilities
Units Below Grade false
Units In Building Total 6
Zoning Class Commercial
Water Sewer Garbage 0
Property Style 53 - Tri-plex
Cap Rate 7.42
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Interior
Flooring Ceramic Tile Laminate Vinyl Plank Carpet
Total Fireplaces 0
Total Stories 3
Air Conditioning Y/N Y
Heating Y/N Y
Fireplace Y/N N
Street Suffix Street
Bedrooms Possible 0
Living Area Units Square Feet
Power Production Type Electric Natural Gas
Baths Three Quarter Upper 0
Bedrooms Upper 0
Baths Half Upper 0
Baths Full Upper 0
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Exterior
Parking Features RV Parking
Lot Features Alley Corner Lot Curbs Paved Sidewalk
Water Source Public
Total Parking 8
Foundation Details Poured Concrete
Building Area Total 3840
Lot Size Acres 0.1492
Lot Size Units Square Feet
Covered Spaces 0
Open Parking Y/N Y
Irrigation Water Rights Y/N N
Site Features Cable TV Deck Gas Available High Speed Internet RV Parking Shop
Parking Uncovered Spaces 8
Lot Number 11 & 12
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Internal Only
OriginalMLSID NWM2182578
Street Number 1 601
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* Excluded Features
List By
Kelsey Diller

Listing Agent

City Closers Real Estate

Broker

Affordability Calculator

$10,310
Per Month
97%
3%
0%
Monthly Principal & Interest
$9,954
Monthly Property Taxes
$356
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
256639 Elementary School
257487 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
11/28/2023$1,425,000 Listed Price

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601 N K Street, Tacoma, WA, 98403 is a Multi-Family Home for sale at $1,425,000 with 3,840 sqft and a lot size of 0.1492. 601 N K Street is a studio with 0.0 baths and was built in 1905. The property's zip code is 98403 which is in Tacoma, WA

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