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Provided by NWMLS, Listed by Patrick Buckley, 425-242-6440 at COMPASS
4,008 sqft

$1,425,000

315 N L Street, Tacoma WA, 98403

Price per sqft$355.54
Built in1910
Property size4,008 sqft
Property typeMulti-family

Overview

Active

Listed Jun 29, 2026

Updated Aug 2

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 touching 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.

$9,481/mo

Est. mortgage payment based on a $1,425,000 home price.

All estimates are provided by Luxury Presence for informational purposes only. Actual amounts may vary.

Additional information

MLS® ID
2546564

Interior Features

Heating
Yes
Basement
No

Exterior Features

Lot Size
0.15 Acres

Other Property Details

Taxes
$9,178
Tax Frequency
Annually
Garage
Yes
55+/Senior Community
No
MLS provider logo

Provided by NWMLS, Listed by Patrick Buckley, 425-242-6440 at COMPASS

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 9/15/2026. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 9/15/2026 at 8:22 AM UTC . 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.

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Data last updated on 9/15/2026 at 8:22 AM UTC 

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