James & Angie Smith

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Listing provided courtesy of Blake Investment AdvisorsNWMLSas Distributed by MLSGrid- MLS# NWM2446398MLS Provider

3841 S Park AvenueTacoma, WA 98418

Multi-Family · 8 Beds · 0.22 Acres
$925,000 Pending Feasibility

3841 S Park Avenue Overview

Visits:
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$8,840 MONTHLY RENTS | PRICE REDUCED to a 6.78% Cap Rate | 3841 S Park Ave is a well-maintained, single-story 6-unit apartment building. Originally built in 1950 and fully renovated in 2020, the property features a low-maintenance brick façade, double-paned vinyl windows, metal entry doors, and a composition shingle roof replaced in 2020. The unit mix includes two two-bedroom/one-bath apartments and four one-bedroom/one-bath apartments, averaging 750 square feet and 550 square feet, respectively. All six units have been comprehensively renovated within the last five years with luxury vinyl plank flooring, white shaker cabinetry, new appliances, granite countertops, and LED lighting fixtures.

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3841 S Park Avenue Facts & Features

  • Type Multi-Family
  • Lot 0.22 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tacoma

Income/Expenses

  • Other Expense: 14378
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 98880
  • Insurance Expense: 3204
  • Net Operating Income: 62709
  • Total Expenses: 39627
  • Total Monthly Income: 8940
  • Water/Sewer/Garbage: 9964

Building Information

  • New Construction: No
  • Year Built: 1950

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 46 - South Tacoma
  • Subdivision Name: South Tacoma

Community/Development

  • Amenities: Coin Op Laundry

Tax Information

  • Tax Annual Amount: $12,081.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, Conventional
  • Parcel Number: 7470034270
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 0
  • Building Area Units: Square Feet
  • Calculated Square Footage: 0
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Vinyl Plank
  • Heating: Yes
  • Leasable Area: 3700
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking Spaces: 0
  • Open Parking: No
  • Parking Uncovered Spaces: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Size Acres: 0.22
  • Lot Size Square Feet: 9583
  • Lot Size Units: Square Feet
  • Elevation Units: Feet

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 0
  • Carport: No
  • Covered Spaces: 0
  • Exterior Features: Brick
  • Number Of Units Total: 6
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1275
  • Beds Total: 1
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 1300
  • Beds Total: 1
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1300
  • Beds Total: 1
  • Baths Total: 1

Unit 6 Details

  • Actual Rent: 1365
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1450
  • Beds Total: 2
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1550
  • Beds Total: 2
  • Baths Total: 1

3841 S Park Avenue Neighborhood

Community

98418 (Tacoma) Demographics

39
Median Age
5,729
Population Density (per sq. mile)
30%
College Educated
$60,649
Estimated Median Income
2,542
Estimated Total Home Owners
1,505
Estimated Total Renters
63% / 37%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

3841 S Park Avenue Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

3841 S Park Avenue Market Data

Based on the last 30 days in this zip code

$447,626
Average List Price
$270
Average Price per Square Foot
10
Properties Sold
49
Average Days on Market
30
Properties for Sale
Calculations provided by Reliance Network

3841 S Park Avenue History

Date Event Value Agent
6/10/2026Source: NWMLS Status Change
Pending Feasibility
5/21/2026Source: NWMLS Price Reduction
$925,000 -9.3%
12/12/2025Source: NWMLS Status Change
Active
12/6/2025Source: NWMLS Status Change
Contingent
11/17/2025Source: NWMLS Price Reduction
$1,020,000 -2.9%
10/22/2025Source: NWMLS Added to Database
October 22, 2025
6/20/2022Source: NWMLS Added to Database
June 01, 2021