OFF MARKET

Listed by Delinda Jokela • Renaissance Real Estate LLC. Bought with ZNonMember-Office-MLS.

Off market aug 2024 for $623K

—

•

— ba

•

5,021

sq ft

4925 Waller Rd E, Tacoma, WA 98443

About this home

Great value add opportunity!! This property consists of 7 rental units, plus multiple garages and storage sheds, all on just shy of 2 acres. There are two stick built houses, one stick built retail/office building, three manufactured homes and one RV included in the sale. The property has been used as a spirtual sober living program for the last 8 years. The property needs sweat equity, and is being sold "as is", but has unlimited potential. Proforma income puts the cap rate at 10.1%, or continue as group housing, or woould be great for a contractor or landscaping company. A portion of the property has been used for commercial/retail/office in the past.

Multi-familyProperty Type

1940Year Built

1.75 acresLot Size

$124Price/Sq.Ft.

23 spacesParking

Listed by Delinda Jokela • Renaissance Real Estate LLC

Bought with • ZNonMember-Office-MLS

Redfin checked: a minute ago

•Source:NWMLS as Distributed by MLS Grid #2260862

Redfin Estimate

There isn’t enough information to generate an accurate estimate at this time. Learn More

Market trends in 98443, WA

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

101.5%

0.9% MoM

Median sale price

$592K

$48K MoM

Avg. days on market

16d

4 days MoM

Recently sold homes

3 MoM

New listings for sale

3D WALKTHROUGH
$548,800
4 beds1 bath1,230 sq ft
8121 Waller Rd E, Tacoma, WA 98443
Anna Khmilevsky • Every Door Real Estate
$449,999
3 beds2 baths1,440 sq ft
5618 Waller Rd E, Tacoma, WA 98443
Sean Ryan • John L. Scott, Inc.
$89,995
2 beds2 baths1,344 sq ft
3111 28th St Ct E #3, Tacoma, WA 98443
Paul Woodger • Better Properties Valley Assoc
3D & VIDEO TOUR
$689,950
5 beds2 baths3,285 sq ft
5601 44th Ave E, Tacoma, WA 98443
Renee Gray • John L. Scott, Inc.
See all

Provided by Redfin

Sale history for 4925 Waller Rd E

Date

Event

Price

Aug 16, 2024

Sold (MLS) (Closed)

NWMLS as Distributed by MLS Grid #2260862

$623,500

$124/sq ft

Jul 28, 2024

Pending

NWMLS as Distributed by MLS Grid #2260862

—

Jul 8, 2024

Listed (Active)

NWMLS as Distributed by MLS Grid #2260862

$799,900

$159/sq ft

Apr 15, 2014

Sold (MLS) (Sold)

NWMLS as Distributed by MLS Grid #576784

$245,000

$49/sq ft

Mar 2, 2014

Pending

NWMLS as Distributed by MLS Grid #576784

—

Dec 30, 2013

Listed (Active)

NWMLS as Distributed by MLS Grid #576784

$320,000

$64/sq ft

Public record

Beds

—

Baths

—

Stories

—

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

—

Year built

—

Style

Multi-Family (5+ Unit)

County

Pierce County

APN

0320231092

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on May 26, 2023.

Property details

Parking

Parking Information
Parking Uncovered Spaces: 18
Covered Spaces: 3
Parking Features: RV Parking
Open Parking Spaces: 18
Carport Spaces: 2
Garage Square Feet: 1,056
Has Open Parking

Interior

Heating & Cooling
Has Heating
Heating Information: Baseboard, Ductless HP-Mini Split, Forced Air, Wall Unit(s)
Has Cooling
Cooling Information: Ductless HP-Mini Split

Multi-Family Financial Information
Electric Expense: $1,200
Insurance Expense: $3,580
Other Expense: $10,000
Net Operating Income: $80,802
Gross Adjusted Income: 107160
Gross Scheduled Income: $112,800
Total Monthly Income: 9400
Gross Rent Multiplier: 7.09
Total Expenses: 26358

Multi-Unit Information
Units Below Grade: false
Units In Building Total: 7
Vacancy Rate: 5
# of Units (Total): 7

Exterior

Building Information
Roof: Built-Up, Composition, Torch Down

Exterior Features
Exterior Features: Metal/Vinyl, Wood Products

Property Information
Energy Source: Electric
Style Code: 55 - 5-9 Units
Property Type: Residential Income
Property Sub Type: Multi Family
Property Condition: Fixer

Land Information
Possible Use: Residential

Lot Information
MLS Lot Size Source: Tax assessor
Site Features: Cable TV,Deck,Fenced-Partially,High Speed Internet,Patio,RV Parking,Shop
Zoning Jurisdiction: County
Lot Features: Open Space, Secluded
Lot Size Units: Square Feet
Lot Size Acres: 1.75
Elevation Units: Feet

Financial

Tax Information
Tax Annual Amount: $6,778
Tax Year: 2024

Financial Information
Listing Terms: Conventional
Buyer Financing: Other

Utilities

Utility Information
Water Source: Community
Water Company: Summit Water
Power Company: Tacoma Power
Sewer: Septic Tank
Sewer Company: NA
Water Sewer Garbage: 4800

Location

School Information
Elementary School: Buyer To Verify
Middle Or Junior High School: Buyer To Verify
High School: Buyer To Verify
High School District: Puyallup

Location Information
Directions: From I-5, take exit 135 onto SR-167 North toward Puyallup. For 7/10th of a mile, keep right onto Pioneer Way E. In 8/10th of a mile, turn right on Waller Rd E. In 1.2 miles, the property on the left.

Community Information
Amenities: Storage

Public facts

Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: —
Style: Multi-Family (5+ Unit)
Year Built: —
Year Renovated: —
County: Pierce County
APN: 0320231092

Home facts updated by county records on May 26, 2023

Other

Listing Information
Mls Status: Sold

Listing Date Information
On Market Date: Monday, July 8, 2024

Green Information
Power Production Type: Electric

Home Information
Living Area Units: Square Feet
Calculated Square Footage: 5021
MLS Square Footage Source: tax assessor
Building Area Total: 5021
Building Area Units: Square Feet
Foundation Details: Block, Tie Down
Year Built Effective: 1975
Effective Year Built Source: Public Records
Structure Type: Multi Family
Stories Total: 1

Around this home

Schools

K - 12
Preschool & daycare

Waller Road Elementary School

Public K-6 • Assigned • 0.9mi

5/10

Aylen Junior High School

Public 7-9 • Assigned • 3.8mi

6/10

Puyallup High School

Public 10-12 • Assigned • 4.3mi

7/10

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 88° expected this year, 15 days in 30 years

1/10 Wind Factor

Minimal risk of severe winds over next 30 years

7/10 Air Factor

10 unhealthy days expected this year, 12 days in 30 years

Provided by First Street

Historical weather

Tacoma, WA • 98443

Average low and high temperatures (°F)

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

Is this your home?

Track this home’s value and nearby sales activity

Nearby similar homes

$1,750,000

6 beds10 baths5,505 sq ft

1207 Altheimer St, Tacoma, WA 98405

Substantial updates • Building replumbing • Building rewiring

Listing provided by NWMLS as Distributed by MLS Grid

$1,300,000

10 beds10 baths5,680 sq ft

1405 Martin Luther King Jr Way, Tacoma, WA 98405

Laundry room • Storage room • Fully gated property

Listing provided by NWMLS as Distributed by MLS Grid

NEW CONSTRUCTION

$21,500,000

— beds6 baths246,080 sq ft

301 E 26th, Tacoma, WA 98421

Permit ready • Shovel ready • Below grade parking

Listing provided by NWMLS as Distributed by MLS Grid

$979,999

6 beds5 baths3,435 sq ft

1214 S I St, Tacoma, WA 98405

Two private decks • 3,250 sq ft lot • Built 1901

Listing provided by NWMLS as Distributed by MLS Grid

$1,285,000

9 beds10 baths4,760 sq ft

5601 S Thompson Ave, Tacoma, WA 98408

2 story • 10-plex • Long-term tenants

Listing provided by NWMLS as Distributed by MLS Grid

$1,775,000

12 beds10 baths7,889 sq ft

5404 S M St, Tacoma, WA 98408

Courtyard • Fully renovated • Quartz counters

Listing provided by NWMLS as Distributed by MLS Grid

New listings for sale in 98443

3D WALKTHROUGH

$548,800

4 beds1 bath1,230 sq ft

8121 Waller Rd E, Tacoma, WA 98443

Rural zoned acres • Updated kitchen • Tree lined backyard

Listing provided by NWMLS as Distributed by MLS Grid

$449,999

3 beds2 baths1,440 sq ft

5618 Waller Rd E, Tacoma, WA 98443

Expansive lot • Spacious front deck • Lvp flooring

Listing provided by NWMLS as Distributed by MLS Grid

$89,995

2 beds2 baths1,344 sq ft

3111 28th St Ct E #3, Tacoma, WA 98443

Brand new bathrooms • Brand new kitchen • New flooring

Listing provided by NWMLS as Distributed by MLS Grid

3D & VIDEO TOUR

$689,950

5 beds2 baths3,285 sq ft

5601 44th Ave E, Tacoma, WA 98443

Half acre • Raised garden beds • Hot tub

Listing provided by NWMLS as Distributed by MLS Grid

Home values near 4925 Waller Rd E

Data from public records.

Address	Redfin Estimate
4722 Waller Road East, Tacoma, WA 3 Beds \| 2 Baths \| 1759 Sq. Ft.	$527,111
4917 Waller Road East, Tacoma, WA 3 Beds \| 1 Baths \| 1476 Sq. Ft.	$546,067
4931 Waller Road East, Tacoma, WA 2 Beds \| 1 Baths \| 1498 Sq. Ft.	$607,863
5101 Waller Road East, Tacoma, WA 2 Beds \| 2 Baths \| 1664 Sq. Ft.	$851,743
4921 Waller Road East, Tacoma, WA 2 Beds \| 2 Baths \| 952 Sq. Ft.	$74,101
5115 Waller Road East, Tacoma, WA 5 Beds \| 3 Baths \| 2376 Sq. Ft.	$659,027
2920 48th Street East, Tacoma, WA 2 Beds \| 1 Baths \| 1204 Sq. Ft.	$525,887

Address	Redfin Estimate
5005 Waller Road East, Tacoma, WA 3 Beds \| 3 Baths \| 3858 Sq. Ft.	$824,431
5105 Waller Road East, Tacoma, WA 3 Beds \| 2 Baths \| 1756 Sq. Ft.	$541,605
5017 Waller Road East, Tacoma, WA 3 Beds \| 3 Baths \| 2012 Sq. Ft.	$564,800
4904 Waller Road East, Tacoma, WA 3 Beds \| 2 Baths \| 1665 Sq. Ft.	$594,875
4927 Waller Road East #2, Tacoma, WA 3 Beds \| 2 Baths \| 1248 Sq. Ft.	$128,266
4819 Waller Road East, Tacoma, WA 4 Beds \| 2.5 Baths \| 2641 Sq. Ft.	$903,892
3204 48th Street Court East, Tacoma, WA 3 Beds \| 2 Baths \| 1099 Sq. Ft.	—

Address	Redfin Estimate
5015 Waller Road East, Tacoma, WA 4 Beds \| 1 Baths \| 1412 Sq. Ft.	$567,009
5109 Waller Road East, Tacoma, WA 5 Beds \| 1.5 Baths \| 2184 Sq. Ft.	$636,347
5125 Waller Road East, Tacoma, WA 3 Beds \| 2 Baths \| 2345 Sq. Ft.	$674,274
5004 Waller Road East, Tacoma, WA 2 Beds \| 2 Baths \| 1339 Sq. Ft.	$496,694
5123 Waller Road East, Tacoma, WA 3 Beds \| 2 Baths \| 2438 Sq. Ft.	$755,711
4815 Waller Road East, Tacoma, WA 3 Beds \| 2 Baths \| 2338 Sq. Ft.	$702,613
3222 48th Street Court East #29, Tacoma, WA 3 Beds \| 2 Baths \| 1248 Sq. Ft.	—

Property information provided by NWMLS as Distributed by MLS Grid when last listed in 2024. This data may not match . Learn more.

Download the Redfin App on the Apple App Store

Download the Redfin App from the Google Play Store

Join us

Become an Agent

Get referrals

Careers

Find homes faster

About us

Find us

Subsidiaries

Affiliated Business

Countries

United States

Canada

Updated September 2025: By searching, you agree to the Terms of Use, and Privacy Policy.

Do not sell or share my personal information.

REDFIN and all REDFIN variants, WALK SCORE, and the R logos, are trademarks of Redfin Corporation, registered or pending in the USPTO.

Redfin Brokerage Licenses

California DRE #01521930

Redfin is licensed to do business in New York as Redfin Real Estate. NY Standard Operating Procedures

New Mexico Real Estate Licenses

TREC: Info About Brokerage Services, Consumer Protection Notice

All mortgage lending products and information are provided by Rocket Mortgage, LLC | NMLS #3030; www.NMLSConsumerAccess.org. Licensed in 50 states. This site is not authorized by the New York State Department of Financial Services for mortgage solicitation or loan applications activities related to properties located in the State of New York.

Redfin Corporation is an affiliated business of Rocket Limited Partnership. Each company, and their subsidiaries, are separate legal entities operated and managed through its own management and governance structures.

If you are using a screen reader, or having trouble reading this website, please call Redfin Customer Support for help at 1-844-759-7732.

REDFIN IS COMMITTED TO AND ABIDES BY THE FAIR HOUSING ACT AND EQUAL OPPORTUNITY ACT. READ REDFIN'S FAIR HOUSING POLICY AND THE NEW YORK STATE FAIR HOUSING NOTICE.

GreatSchools Ratings provided by GreatSchools.org.

98371 homes for sale
98443 homes for sale
98404 homes for sale
98424 homes for sale

Houses for rent in Waller	Agents near me	Vancouver, WA homes for sale	Waller Housing Market
Houses for sale near me	Seattle, WA homes for sale	Redmond, WA homes for sale
Land for sale near me	Bellevue, WA homes for sale	Bothell, WA homes for sale
Open Houses near me	Tacoma, WA homes for sale	Waller Property Records
Condos for sale near me	Kirkland, WA homes for sale	WA New Listings

Puyallup homes for sale
Tacoma homes for sale
Renton homes for sale

About this home

Redfin Estimate

Market trends in 98443, WA

Sale history for 4925 Waller Rd E

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 98443

Home values near 4925 Waller Rd E

More real estate resources