James & Angie Smith

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Listing provided courtesy of Berkshire Hathaway HS NWNWMLSas Distributed by MLSGrid- MLS# NWM2521302MLS Provider

1461 Rainier CourtFircrest, WA 98466

Multi-Family · 8 Beds · 4,112 Sq. ft. | 0.67 Acres
$1,400,000 Active

1461 Rainier Court Overview

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The Fircrest investment opportunity you’ve been waiting for! This well-maintained fourplex features four spacious units, each offering 2 bedrooms and 1.5 baths. Inside, tenants enjoy a highly desirable layout complete with a cozy fireplace, an eat-in kitchen with granite countertops, a formal dining room, a walk-in closet, and an in-unit washer/dryer. Capitalize on a turnkey property featuring covered carport parking and dedicated storage spaces.

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1461 Rainier Court Facts & Features

  • Type Multi-Family
  • Sq. ft. 4,112
  • Price/Sq.ft. $340
  • Lot 0.67 Acres

Details

General

Association/HOA

  • Association Fee: $0.00

School Information

  • School District: Tacoma
  • Elementary School: Buyer To Verify
  • Middle Or Junior School: Buyer To Verify
  • High School: Buyer To Verify

Income/Expenses

  • Other Expense: 10924
  • Electric Expense: 0
  • Fuel Expense: 0
  • Gross Scheduled Income: 114756
  • Insurance Expense: 3657
  • Net Operating Income: 82479
  • Total Expenses: 31129
  • Total Monthly Income: 9563
  • Water/Sewer/Garbage: 7137

Building Information

  • New Construction: No
  • Year Built: 1967

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 35 - University Place
  • Subdivision Name: Fircrest

Tax Information

  • Tax Annual Amount: $9,411.00
  • Tax Year: 2026

General Information

  • Listing Terms: Cash, Conventional, FHA, VA Loan
  • Parcel Number: 5551000014
  • Possible Use: Multi-Family
  • Property Condition: Good
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 0

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 4112
  • Building Area Units: Square Feet
  • Calculated Square Footage: 4112
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Engineered Hardwood, Vinyl, Vinyl Plank, Carpet
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 4112
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 2

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 8
  • Parking Uncovered Total: 4

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Cul-De-Sac, Curbs, Paved
  • Lot Size Acres: 0.6685
  • Lot Size Square Feet: 29120
  • Lot Size Units: Square Feet
  • Site Features: Cable TV, Deck, High Speed Internet, Patio
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Methods: Standard Frame
  • Roof: Composition
  • Structure Type: Quadruplex

General Information

  • Carport Spaces: 4
  • Carport: No
  • Covered Spaces: 4
  • Exterior Features: Wood, Wood Products
  • Number Of Units Total: 4
  • Sewer: Sewer Connected

Unit Information

Unit 3 Details

  • Actual Rent: 2363
  • Beds Total: 2
  • Baths Total: 2

Unit 4 Details

  • Actual Rent: 2400
  • Beds Total: 2
  • Baths Total: 2

Unit 1 Details

  • Actual Rent: 2400
  • Beds Total: 2
  • Baths Total: 2

Unit 2 Details

  • Actual Rent: 2400
  • Beds Total: 2
  • Baths Total: 2

1461 Rainier Court Neighborhood

Community

98466 (University Place) Demographics

37
Median Age
4,327
Population Density (per sq. mile)
50%
College Educated
$74,179
Estimated Median Income
6,338
Estimated Total Home Owners
5,586
Estimated Total Renters
53% / 47%
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.

1461 Rainier Court 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.

1461 Rainier Court Market Data

Based on the last 30 days in this zip code

$698,341
Average List Price
$332
Average Price per Square Foot
24
Properties Sold
60
Average Days on Market
90
Properties for Sale
Calculations provided by Reliance Network

1461 Rainier Court History

Date Event Value Agent
5/13/2026Source: NWMLS Added to Database
May 13, 2026