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About this home
Unbeatable turn-key investment opportunity featuring a fully occupied 4-plex with many long-term, stable tenants in a prime neighborhood surrounded by well-maintained properties, delivering immediate cash flow and predictable returns. Each spacious 918 sq. ft. unit offers 2 large bedrooms with dual walk-in closets, 1 full bathroom, all major appliances including in-unit washer and dryer, dual-pane windows, and private decks or patios with extra storage space. Three units feature cozy fireplaces, while recent capital improvements include new siding (2018) and a complete renovation of one unit (2025). Please DO NOT DISTURB TENANTS; (Owner is a licensed Real Estate Broker).
Madrona / Oakland, located between Downtown Tacoma and the Lincoln District, is a residential and historic Tacoma neighborhood with hillside streets and a patchwork of pocket parks. The neighborhood’s character concentrates around the Tacoma Dome Station area, where rail platforms, bus bays, and event-day foot traffic set an urban tempo. Early-20th-century houses and small apartment buildings line the slopes, with views opening toward Commencement Bay. The Dome and nearby venues bring concerts, sports, and conventions into the daily backdrop. Side streets feel quieter, while the main corridors carry steady movement toward downtown and the waterfront. Local staples like the Tacoma Dome, LeMay – America’s Car Museum, and Freighthouse Square act as familiar gathering points.
Provided by Walk Score and Local Logic
Offer insights
3909 Mason Loop Rd · $899,950
$903K and above
75% chance or better to win
Why $903K+ is a strong offer
SALE-TO-LIST
99.3%
Most homes are selling 1% below list price.
LIST PRICE
$899,950
Median list price in this area is $618,503. (31% lower than this home)
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Dining
Interior features
Laminate, vinyl and carpet flooring
Bedrooms
Each unit is a 2-bedroom
Bathrooms
Each unit has 1 bathroom
Kitchen
Range/oven included in each unit
Refrigerator included in each unit
Dishwasher included in each unit
Laundry & utility
Washer and dryer in each unit
Flooring
Laminate flooring
Vinyl flooring
Carpet flooring
Heating & cooling
Has heating
Baseboard heat
No central cooling
Exterior features
Partial fencing
Deck
Patio
Partially fenced yard
Cable TV and high-speed internet available
Playground on-site
Home design
Residential income property (multi-family)
4-plex (quadruplex)
2 stories
Has a view
Parking
10 uncovered parking spaces
Security
Property is partially fenced
Construction
Cement plank and wood exterior
Composition roof
Utilities
Electric and wood energy sources
Sewer available and connected
Water/sewer/garbage service listed
HOA & community
Has HOA with a $330 monthly fee
Financial info
Gross scheduled income around $74,280
Gross adjusted income around $83,232
Total monthly income shown as $6,981
Net operating income approximately $55,847
Total expenses approximately $27,385
Electric expense approximately $2,954
Insurance expense approximately $3,960
Other expense approximately $5,460
Gross rent multiplier approximately 12.12
Vacancy rate around 10%
Other
Acceptable financing: Cash, Conventional, FHA, VA
Electricity and solar
View estimated energy costs and solar savings for this home
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
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
78
56
78
58
73
54
61
46
52
42
49
40
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
86/ 100
Very good sunlight
Sunscore
This home receives average direct sun exposure in Tacoma. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
4.8 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 3909 Mason Loop Rd
$890,914
$9,036 under list price of $900K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $361K to $850K.