James & Angie Smith

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Listing provided courtesy of Windermere AbodeNWMLSas Distributed by MLSGrid- MLS# NWM2538380MLS Provider

702 N L StreetTacoma, WA 98403

Multi-Family · 5 Beds · 3,084 Sq. ft. | 0.22 Acres
$875,000 Pending - Backup Offer Requested

702 N L Street Overview

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Welcome to this single level brick 5-plex in great North End Tacoma location. Well maintained property includes three 1 bedroom units, one studio unit and one 2 bedroom unit. 2 bd unit includes washer & dryer in unit. Strong rental history. Current rents are below market value. 3 single car garages can be rented as storage for additional income. Additional carport with space for 2 cars. New roof - May 2026. Convenient location in close proximity to bus line, grocery store, restaurants and downtown Tacoma amenities. Quick, easy freeway access. Investment opportunity!

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702 N L Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 3,084
  • Price/Sq.ft. $284
  • Lot 0.22 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: 7162.06
  • Electric Expense: 777.7
  • Fuel Expense: 0
  • Gross Scheduled Income: 75780
  • Insurance Expense: 231.23
  • Net Operating Income: 51627
  • Total Expenses: 23573.31
  • Total Monthly Income: 5440
  • Water/Sewer/Garbage: 7002.32

Building Information

  • New Construction: No
  • Year Built: 1949

Location/Region

  • Country: US
  • County Or Parish: Pierce
  • MLS Area Major: 21 - North Tacoma
  • Subdivision Name: North Tacoma

Community/Development

  • Amenities: Basement

Tax Information

  • Tax Annual Amount: $8,400.00
  • Tax Year: 2025

General Information

  • Listing Terms: Cash, See Remarks
  • Parcel Number: 2037240080
  • Property Sub Type: Multi Family
  • Property Type: Residential Income
  • Senior Community: No
  • Special Listing Conditions: None

Interior

Parking Information

  • Garage Spaces: 3

Beds/Baths

  • Bedrooms Upper: 0

Building Interior

  • Building Area Total: 3084
  • Building Area Units: Square Feet
  • Calculated Square Footage: 3084
  • Square Footage Finished: 0
  • Square Footage Unfinished: 0

General Information

  • Cooling: No
  • Fireplace: No
  • Fireplaces Total: 0
  • Foundation Details: Poured Concrete
  • Heating: Yes
  • Leasable Area: 3084
  • Living Area: 0
  • Main Level Bathrooms: 0
  • Power Production Type: Electric
  • Stories Total: 1

Exterior

Parking Information

  • Open Parking: No
  • Parking Total: 5
  • Parking Uncovered Total: 0

Lot Information

  • Irrigation Water Rights: No
  • Lot Features: Corner Lot, Paved, Sidewalk
  • Lot Size Acres: 0.2238
  • Lot Size Square Feet: 9750
  • Lot Size Units: Square Feet
  • Elevation Units: Feet
  • Water Source: Public

Waterfront/View

  • View: No
  • Waterfront: No

Building Exterior/Construction

  • Roof: Composition
  • Structure Type: Multi Family

General Information

  • Carport Spaces: 2
  • Carport: No
  • Covered Spaces: 5
  • Exterior Features: Brick
  • Number Of Units Total: 5
  • Sewer: Sewer Connected

Unit Information

Unit 1 Details

  • Actual Rent: 1040
  • Beds Total: 1
  • Baths Total: 1

Unit 3 Details

  • Actual Rent: 1100
  • Beds Total: 1
  • Baths Total: 1

Unit 4 Details

  • Actual Rent: 1100
  • Beds Total: 0
  • Baths Total: 1

Unit 5 Details

  • Actual Rent: 1600
  • Beds Total: 2
  • Baths Total: 1

Unit 2 Details

  • Actual Rent: 600
  • Beds Total: 1
  • Baths Total: 1

702 N L Street Neighborhood

Community

98403 (Tacoma) Demographics

35
Median Age
7,444
Population Density (per sq. mile)
65%
College Educated
$61,863
Estimated Median Income
1,668
Estimated Total Home Owners
2,529
Estimated Total Renters
40% / 60%
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.

702 N L Street 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.

702 N L Street Market Data

Based on the last 30 days in this zip code

$766,730
Average List Price
$362
Average Price per Square Foot
8
Properties Sold
56
Average Days on Market
28
Properties for Sale
Calculations provided by Reliance Network

702 N L Street History

Date Event Value Agent
6/20/2026Source: NWMLS Status Change
Pending - Backup Offer Requested
6/12/2026Source: NWMLS Added to Database
June 12, 2026
6/20/2022Source: NWMLS Added to Database
June 01, 2021