Listed by Shane Klinkhammer • RE/MAX Northwest. Bought with Champions Real Estate.
Off Market Jun 2025 for $853K
$1,016,001
Est. refi paymentEst. refi$6,554/mo
—
bd
•
— ba
•
3,672
sq ft
3903 Mason Loop Rd, Tacoma, WA 98409
About this home
Well maintained 4 plex just waiting for the right investor or owner occupant for the best in house hacking! Investors can enjoy a proforma 6.8% cap rate. Each unit has 2 bedrooms and 1 bathroom with 918 sf, washer/dryer in unit, a fireplace as well as a covered deck or patio. There are 8 uncovered parking spots. Newer roof, new fence, newly landscaped. Unit C is vacant, is available for showing. Units C and D have both been updated. Proforma rent (if Units A&B were refreshed) are $1,800 / unit. All units currently month to month terms. Great access to I-5 and 16 for easy commute. South Tacoma undergoing redevelopment and improvement! Get in early!
Multi-familyProperty Type
1979Year Built
10,800 sq ftLot Size
$277Est. Price/Sq.Ft.
8 spacesParking
Listed by Shane Klinkhammer• RE/MAX Northwest
Bought with Victoria Kamara• Champions Real Estate
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Permits
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
10,800 Sq. Ft.
Year renovated
1994
Sq. Ft.
3,672
Year built
1979
Style
Multi-Family (2-4 Unit)
County
Pierce County
APN
5554000040
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 29, 2026.
UR3
STGPD
PRD
Urban Residential District
This district is intended primarily for residential development including a range of dwellings and housing types, including multiplexes, at a transitional scale between that of lower-scale residential neighborhoods and the scale of Centers and Corridors, reflecting residential patterns such as pedestrian orientation and space between buildings. Buildings may occupy a little more of each residential lot than in the UR-2 District. Other compatible uses include residential businesses, neighborhood-serving commercial uses, and community facilities including parks, schools and religious facilities. The district is characterized by moderate activity levels and vehicular traffic, trees and other green features, and complete streets supporting transportation choices. The UR-3 District is generally located adjacent to higher intensity zoning districts and/or major Corridors.
Zone overlays
South Tacoma Groundwater Protection District
Planned Residential Development District
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Senior
Housing-Other
Mixed use
Golf related
Mar 12, 2019 • Final
Residential plumbing
Remove and replace an electric water heater in a residential unit of a four-plex building.
Plumbing
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Parking Uncovered Spaces: 8
Open Parking Spaces: 8
Has Open Parking
Interior
Virtual Tour
Heating & Cooling
Has Heating
Heating Information: Baseboard
Cooling Information: None
Interior Features
Flooring: Travertine, Vinyl, Carpet
Multi-Family Financial Information
Fuel Expense: $2,548
Electric Expense: $2,548
Insurance Expense: $4,278
Other Expense: $4,750
Net Operating Income: $60,207
Gross Adjusted Income: 85536
Gross Scheduled Income: $86,400
Total Monthly Income: 7200
Gross Rent Multiplier: 10.12
Total Expenses: 25329
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 4
Vacancy Rate: 1
# of Units (Total): 4
Unit Type 1 Information
Unit Name: A
Fireplaces: 1
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 918
Actual Rent: $1,800
Unit Type 2 Information
Unit Name: C
Fireplaces: 1
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 918
Actual Rent: $1,800
Unit Type 3 Information
Unit Name: B
Fireplaces: 1
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 918
Actual Rent: $1,800
Unit Type 4 Information
Unit Name: D
Fireplaces: 1
Range/Oven: true
Washer/Dryer: true
Refrigerator: true
Dishwasher: true
Unit Sq. Ft.: 918
Actual Rent: $1,800
Exterior
Building Information
Construction Materials: Stucco, Wood
Roof: Composition
Exterior Features
Exterior Features: Stucco, Wood, Wood Products
Property Information
Energy Source: Electric
Style Code: 54 - 4-Plex
Property Type: Residential Income
Property Sub Type: Multi Family
Has View
Land Information
Possible Use: Multi-Family
Lot Information
Lot Number: 2165
MLS Lot Size Source: Realist
Site Features: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio
Lot Features: Corner Lot, Curbs, Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.2479
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $8,657
Tax Year: 2025
Financial Information
Listing Terms: Cash Out, Conventional, VA Loan
Buyer Financing: VA
Utilities
Utility Information
Water Source: Public
Water Company: Tacoma Public Utilities
Power Company: Tacoma Public Utilities
Sewer: Sewer Connected
Sewer Company: Tacoma Public Utilities
Water Sewer Garbage: 2548
Location
HOA Information
Has HOA
Association Fee: $330
Association Fee Frequency: Monthly
School Information
Elementary School: Buyer To Verify
Middle Or Junior High School: Buyer To Verify
High School: Buyer To Verify
High School District: Tacoma
Location Information
Directions: GPS works great! From I-5 take Exit 132B/Right ramp for WA-16 W. Right ramp to Union Ave. Left onto S Union Ave. Right onto S 35th St. Left onto S Tyler St. Right to S 38th St. Arrive at S Mason Ave.
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,672
Stories: 2.0
Lot Size: 10,800 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1979
Year Renovated: 1994
County: Pierce County
APN: 5554000040
Home facts updated by county records on Jun 29, 2026
Other
Listing Information
Buyer Brokerage Compensation: 2.5
Buyer Brokerage Compensation Type: %
Mls Status: Sold
Listing Date Information
On Market Date: Tuesday, May 6, 2025
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 3672
MLS Square Footage Source: Realist
Building Area Total: 3672
Building Area Units: Square Feet
Foundation Details: Slab
Building Name: Mason Circle
Structure Type: Quadruplex
Stories Total: 2
Security Features: Partially Fenced
Around this home
Schools
Whittier Elementary School
Public PreK-3 • Assigned • 1.0mi
5/10
Wainwright Intermediate School
Public 4-8 • Assigned • 1.7mi
6/10
Foss High School
Public 9-12 • Assigned • 1.2mi
2/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
3/10 Heat Factor
7 days above 86° expected this year, 14 days in 30 years
1/10 Wind Factor
Minimal risk of severe winds over next 30 years
7/10 Air Factor
11 unhealthy days expected this year, 12 days in 30 years
Provided by First Street
Historical weather
Tacoma, WA • 98409
Average low and high temperatures (°F)
47
36
48
37
54
40
62
43
67
48
73
53
79
56
77
58
72
54
61
46
52
42
49
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 1.7 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
1.7 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$966,000 – $1.17M
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