Listing provided courtesy of Venture Real Estate Group LLC. Bought with Keller Williams Realty PS.
Off Market Oct 2018 for $550K
$930,315
Est. refi paymentEst. refi$4,231/mo
—
bd
•
— ba
•
3,696
sq ft
3935 Mason Loop Rd, Tacoma, WA 98409
About this home
Rare 4-plex on quiet street in South Tacoma featuring 924 sqft, 2 bed 1.5 bath units. Each unit offers unique value with individual storage units and one-car garages, plus additional parking on site. Units have been well maintained and updated over time, all appliances included in units (W/D, dishwasher, fridge, range/oven). Current owner has maintained below market rents and paid all utilities, easily raise rents to market rate and transfer some utility costs to tenants to bring cap up to 7%.
Multi-familyProperty Type
1979Year Built
8,200 sq ftLot Size
$252Est. Price/Sq.Ft.
10 spacesParking
Listed by • Venture Real Estate Group LLC
Listed by • Venture Real Estate Group LLC
Bought with Vanessa Carson• Keller Williams Realty PS
*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
6
Stories
2
Lot width
—
Lot depth
—
Lot size
8,200 Sq. Ft.
Year renovated
1994
Sq. Ft.
3,696
Year built
1979
Style
Multi-Family (2-4 Unit)
County
Pierce County
APN
5554000110
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 29, 2026.
UR3
PRD
STGPD
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
Planned Residential Development District
South Tacoma Groundwater Protection District
Permitted uses
Include but are not limited to:
Day care facility
Housing-Group
Housing-Senior
Housing-Other
Mixed use
Golf related
Oct 25, 2019 • Final
Commercial alteration
Remove existing structural members and construct a two-level deck for tenant use at a multi-family building. The deck will not increase the existing footprint of the building.
Remodel
Dec 27, 2018 • Final
Pre-application
Construct a new commercial building.
Remodel
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: 6
Covered Spaces: 4
Open Parking Spaces: 6
Has Open Parking
Interior
Heating & Cooling
Has Heating
Interior Features
Interior Features: Wall to Wall Carpet, Laminate Tile, Laminate Hardwood
Flooring: Laminate, Vinyl, Carpet
Multi-Family Financial Information
Insurance Expense: $1,457
Net Operating Income: $26,871
Gross Adjusted Income: 40041
Gross Scheduled Income: $41,280
Total Monthly Income: 3440
Gross Rent Multiplier: 13
Total Expenses: 13170
Multi-Unit Information
Units Below Grade: false
Units In Building Total: 4
Vacancy Rate: 3
# of Units (Total): 4
Furnished: Unfurnished
Exterior
Building Information
Roof: Composition
Exterior Features
Exterior Features: Wood, Wood Products
Property Information
Style Code: 54 - 4-Plex
Property Type: Residential Income
Property Sub Type: Multi Family
Has View
Land Information
Possible Use: Multi-Family
Lot Information
MLS Lot Size Source: Realist
Zoning Jurisdiction: City
Lot Features: Paved
Lot Size Units: Square Feet
Lot Size Acres: 0.1882
Elevation Units: Feet
Financial
Tax Information
Tax Annual Amount: $5,713
Tax Year: 2018
Financial Information
Listing Terms: Cash Out, Conventional, FHA
Buyer Financing: VA
Utilities
Utility Information
Water Source: Public
Sewer: Sewer Connected
Utilities: Sewer Connected, Electric
Water Sewer Garbage: 6000
Location
HOA Information
Association Fee Frequency: Annually
School Information
High School District: Tacoma
Location Information
Directions: From S Tyler, head West on S 40th and follow around loop to property.
Community Information
Amenities: Storage
Public facts
Beds: 8
Baths: 6.0
Sq. Ft.: 3,696
Stories: 2.0
Lot Size: 8,200 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1979
Year Renovated: 1994
County: Pierce County
APN: 5554000110
Home facts updated by county records on Jun 29, 2026
Other
Listing Information
Mls Status: Sold
Listing Date Information
On Market Date: Thursday, August 9, 2018
Green Information
Power Production Type: Electric
Home Information
Living Area Units: Square Feet
Calculated Square Footage: 3696
Building Area Total: 3696
Building Area Units: Square Feet
Foundation Details: Poured Concrete
Year Built Effective: 1982
Effective Year Built Source: Public Records
Structure Type: Quadruplex
Stories Total: 3
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, 13 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
$884,000 – $1.07M
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