315 N L Street Tacoma, WA 98403

This historic North Slope fourplex features two 3 bed, 1 bath units and two 1 bed, 1 bath units with covered porches, gas forced air heat, hardwood and fir floors and original built-ins. System updates in 2020 include a new water supply line, all new plumbing supply, a new sewer line and two new 80 gallon water heaters. The property also includes a 5 bay garage off the alley, a fully fenced back yard and an unfinished basement with shared laundry, open storage and four individual storage units. Tenants are month to month at below market rents so upside potential is excellent.

Unit A (second floor)
1020 SF
Three bedrooms
One bathroom with claw foot tub
Kitchen with electric range, refrigerator, tile flooring and vintage cabinetry
Living room with original picture rail
Fir floors
Current rent - $1300/month (includes one storage unit)
Projected rent - $2300/month

Unit B (ground floor)
834 SF
One bedroom
One bathroom
Kitchen with electric range and refrigerator
Living room with picture window
Dining room with original mill work and built-in buffet
Large closet that has been used as a home office
Fir floors
Current rent – vacant
Projected rent - $1700/month

Unit C (ground floor)
1136 SF
Three bedrooms
One bathroom with claw foot tub and custom built-ins
Kitchen with gas range, dishwasher and refrigerator
Living/dining room with original built-ins, vintage lighting and fireplace
Oak floors
Current rent – owner occupied
Projected rent - $2400/month

Unit D (second floor)
1018 SF
One bedroom
One bathroom with claw foot tub and vintage tile flooring
Updated kitchen with stainless appliances (including dishwasher) and newer cabinetry
Large living room with fir floors
Dining room
Large closet off dining room currently used as home office
Current rent - $1300/month
Projected rent - $1800/month

Garages (5 bays total)
Four bays are currently vacant or owner occupied with projected rents of $250 for a double bay garage and $150 each for two single bays
Fifth bay is currently rented to tenant in Unit D for $95/month