Four-Unit Apartment
For Sale
$945,000
1101 S Woodlawn Street 1-4, Tacoma, WA 98465
Each residence includes a washer, dryer, and fireplace, with spacious three-bedroom layouts.
Property Size3,968 SF
Lot Size0.24 Acres
Price / SF$238.16
Days on Market53
Property Features for 1101 S Woodlawn Street 1-4
General Information
Standard status
Active
Size
3,968 SF
Lot size
0.24 Acres
Property subtype
Multi-Family
Zoning
UR-3
Site & Location
Neighborhood
West End
Highway Access
Yes
Units
Unit Mix
4 x 3BR/1.5BA
Multifamily Units
4
Building Details
Year Built
1977
Listing Agency:
Multifamily Properties
Listed By:
Brandon M Vukelich
(206) 250-6961
Source:
Montgomeryht
Added: Sep 1
Changed: Oct 1
Last Checked: Oct 5 at 11:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Multifamily Properties
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Investment Insights
Based on property information with market context.
This Tacoma fourplex contains four 3-bedroom, 1.5-bath units within a 3,968-square-foot building on a 10,251-square-foot lot. Every unit includes a full washer and dryer set along with a fireplace. Units 1 and 4 have been remodeled and are being held vacant. Property improvements also include fresh exterior paint, newer water heaters, new flooring, and interior paint.
The asset is located near Tacoma’s North End, with access to I-5, SR-16, downtown, and the 6th Avenue area. A self-storage facility is next door, and the property offers connectivity for travel toward JBLM and King County. The parcel is served by public sewer and TPU utilities, with no HOA reported.
The asset is located near Tacoma’s North End, with access to I-5, SR-16, downtown, and the 6th Avenue area. A self-storage facility is next door, and the property offers connectivity for travel toward JBLM and King County. The parcel is served by public sewer and TPU utilities, with no HOA reported.
Key Highlights
- Four 3‑bed, 1.5‑bath units in a quadruplex configuration
- 3,968 SF building on a 10,251 SF lot
- Full washer and dryer sets plus fireplaces in all four units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,280
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,600
$1.0M
Cap Rate 7%
$746,857
$746.9K
Cap Rate 9%
$580,889
$580.9K
Market Conditions
NOI Build-Up for 3,968 SF
Gross rent
$78.6K $19.80/SF
− Vacancy
−$3.9K −$0.98/SF
EGI
$74.7K $18.82/SF
− OpEx
−$22.4K −$5.65/SF
NOI
$52.3K $13.18/SF
Area
Tacoma, WA
Vacancy
4.94%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,045,600
Cap Rate 7%
$746,857
Cap Rate 9%
$580,889
Alternative Uses
Best Use
Multifamily LT 5
$746.9K
$653.5K – $871.3K
NOI $52,280 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$649.0K
$567.9K – $757.2K
NOI $45,433 @ 7.0% cap · market cap 4.81%
Theoretical Best
Office A
$1.22M
$1.07M – $1.42M
NOI $85,375 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
655
Businesses Nearby
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Business Placement
Demographics for 98465, WA
7,524
Population
3,771
Households
2
Avg Household Size
41
Median Age
38%
College-Educated
97%
High-School Grad
1.6 sq mi
ZIP Area
4,703
Density / Sq Mi
$77,083
Median Household Income
$54,829
Median Earnings
$1,453
Median Rent
$544,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Each residence includes a washer, dryer, and fireplace, with spacious three-bedroom layouts.
Where is this quadplex located?
The property is located at 1101 S Woodlawn Street 1-4 Tacoma, WA.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Four 3‑bed, 1.5‑bath units in a quadruplex configuration; 3,968 SF building on a 10,251 SF lot; Full washer and dryer sets plus fireplaces in all four units
