4318 S Puget Sound Avenue Tacoma, WA 98409
Sold
Listing Courtesy of: MLS LogoNorthwest MLS as distributed by MLS GRID / Windermere Chambers Bay and Bricksfolios Re Solutions

  4318 S Puget Sound Avenue Tacoma, WA 98409

Sold on 06/13/2023
$3,200,000 (USD)
10,404
SQFT

Description

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!

Sold Date:
06/13/2023
Taxes
$3,363(2022)
Lot Size
9,459 SQFT
Type
Multifamily
Year Built
2022
Style
10+ Units
School District
Tacoma
County
Pierce County
Community
South Tacoma

Listed By

Greg K Stock, Windermere Chambers Bay
Bought with
Jo Dixit, Bricksfolios Re Solutions
Source
Northwest MLS
Last checked Apr 2 2026 at 2:10 AM PDT
Bathroom Details
Interior Features
  • Ductless Hp-Mini Split
  • Wall to Wall Carpet
Subdivision
  • South Tacoma
Lot Information
  • Paved
Property Features
  • Cable Tv
  • Foundation: Poured Concrete
Flooring
  • Carpet
  • Vinyl Plank
Exterior Features
  • Wood
  • Cement Planked
  • Cement/Concrete
  • Roof: Flat
  • Roof: See Remarks
Utility Information
  • Sewer: Sewer Connected
  • Fuel: Electric, Natural Gas
School Information
  • Elementary School: Buyer to Verify
  • Middle School: Buyer to Verify
  • High School: Buyer to Verify

Listing Price History

Date
Event
Price
% Change
$ (+/-)
Jan 24, 2023
Price Changed
$3,400,000
-4%
-$150,000
Jan 04, 2023
Listed
$3,550,000
-
-
Additional Listing Info
  • Buyer Brokerage Compensation: 2
Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Based on information submitted to the MLS GRID as of 4/1/2026 19:10. 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.