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Listing Firm: Windermere Chambers Bay: Greg K Stock

Bought With: Bricksfolios RE Solutions : JO Dixit

SOLD On June 13, 2023
NWMLS # 2025058

$3,200,000

  • Sold Price
  • - Beds
  • - Baths
  • 10404 Sq.ft.

4318 S Puget Sound Avenue , Tacoma, WA 98409

Listings with the three tree icon are courtesy of NWMLS

About This Property

New Construction 12 plex with 12 year tax abatement. City will be repaving the entire street and adding sidewalks within a year. All 12 units have washer/dryers, dishwashers & HP mini splits for heat & AC. Property will have two wrought iron gates on front and back entrances prior to sale closing. 6 rentable garage spots & 6 rentable 75 sq ft storage units. Great cash flow & long term asset potential. High quality construction, building will have minimal maintenance and repairs for years to come. 6.34% cap rate is a great deal for new construction!

Buyer's Agent: JO Dixit • Bricksfolios RE Solutions

Listed by: Greg K Stock • Windermere Chambers Bay

Aris360 Last Checked: Just Now (Jun 17, 2025 07:03 PM)

  • Source: NWMLS as Distributed by MLS Grid #2025058

    Listing provided courtesy of Northwest Multiple Listing Service (NWMLS)

Location

  • Country: US
  • Neighborhood: Puget Sound
  • Zip/Postal Code: 98409
  • City: Tacoma

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Property Features

  • County
    • South Tacoma
  • Community
    • 47 - South Tacoma
  • MLS Area
    • 47 - South Tacoma
  • Longitude
    • -122.482373
  • Latitude
    • 47.217999
  • Directions
    • From I-5, take 56th St exit and head west down 56th. North on S Puget Sound, Property will be on left.

  • Interior
    • Ductless HP-Mini Split
    • Wall to Wall Carpet
  • Floors
    • Vinyl Plank
    • Carpet
  • Power Production Type
    • Electric
    • Natural Gas
  • Furnished
    • Unfurnished

  • Stories
    • 3
  • Style
    • 56 - 10+ Units
  • Is New Construction
    • Yes
  • Parking Spaces
    • 6
  • Lot Description
    • Paved,
  • Foundation
    • Poured Concrete,
  • Elevation
    • Feet
  • Water Source
    • Public,
  • Exterior
    • Cement/Concrete
    • Cement Planked
    • Wood
  • Site Description
    • Cable TV
  • Roof
    • Flat,
    • See Remarks,
  • Septic or Sewer
    • Sewer Connected,
  • Covered Spaces
    • 6
  • Condition
    • Very Good,
  • Water
    • TPU
  • Building Total Area (Sq. Ft.)
    • 9459
  • Utilities
    • Cable Connected,
    • Sewer Connected,
    • Electric,
    • Natural Gas Connected,

  • High School District
    • Tacoma
  • Jr. High School
    • Buyer To Verify
  • Elementary School
    • Buyer To Verify
  • High School
    • Buyer To Verify

  • Possession
    • Closing,
  • Property Type
    • Residential Income
  • Property SubType
    • Multi-Family
  • Tax Year
    • 2022
  • Structure Type
    • Multi Family,
  • Tax Amount
    • $3363
  • Year Built
    • 2022
  • Effective Year Built
    • 2022
  • Status
    • Sold

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Disclaimer: Based on information submitted to the MLS GRID as of Tue Jun 17 2025 . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Jun 17, 2025 07:03 PM