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MLS: #NWM2546564, Listed By: Patrick Buckley, COMPASS, Source:NWMLS - Northwest Multiple Listing Service

315 N L Street

Tacoma, WA 98403
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Bed 0

Bed

Bath 0

Bath

SqFt4,008

Sqft

Acres0.15

Acre(Lot)

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 to uching 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $1,425,000

AD Id : 87080532

MLS Id : NWM2546564

Lot Size : 0.15 Acre

Living Area Size : 4,008

Year Built : 1910

Garage : 5

County : Pierce

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Feature Features

  • Interior Features

    Roof: Composition, Metal

    Roofing Information

    Composition, Metal
  • Flooring Information

    Flooring: Ceramic Tile, Hardwood, Softwood, Vinyl Construction Materials: Wood
  • Heating & Cooling

    Heating: Forced Air Has Heating: Yes Cooling: None WaterSource: Public

  • Building Information

    Year Built: 1910
  • Exterior Features

    Wood Construction Materials: Wood Foundation Details: Poured Concrete

  • Lot Information

    Lot Description: Curbs, Paved, Sidewalk Lot Square Feet: 6500 Lot Acres: 0.1492

    Property Information

    Property Type: Residential Income Sub Type: Multi Family Structure Type: Quadruplex

  • Listing Price Information

    Original List Price:$1425000

  • Tax Information

    Annual Tax: $9178 Tax Year: 2025 Parcel Number: 2033230040

  • Parking Information

    Total Parking: 5

    Garage Information

    Garage Space: 5

  • Utility Information

    Sewer: Sewer Connected Water Source: Public
  • Location Information

    Subdivision: Stadium District City: Tacoma Direction: Division to N L St. NW on N L. Building is on the right
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2902 N Carr, Tacoma, WA, 98403 $3,800,000 -- -- --
1002 N J Street, Tacoma, WA, 98403 $3,250,000 -- -- --
1102 N Sheridan Avenue, Tacoma, WA, 98403 $785,000 -- -- --
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ByOwner last updated this listing 07/01/2026 @ 06:20

MLS: NWMLS #2546564 LISTED BY: Patrick Buckley, COMPASS 425-242-6440 SOURCE: NWMLS - Northwest Multiple Listing Service (Listings courtesy of NWMLS - Northwest Multiple Listing Service as distributed by MLS GRID)

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