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Renovated Quadplex
For Sale
Contact for pricing
Pending

1511 E 38th St, Tacoma, WA 98404

Four fully renovated apartments with tenant-paid utilities, in-unit laundry hookups, and dedicated uncovered parking.

Property SizeContact for details
Days on Market139

Property Features for 1511 E 38th St

General Information

Standard status Pending
Total Parking Spaces 6
Property subtype Multifamily

Units

Unit Mix 4 x 2BR/1BA
Multifamily Units 4

Additional Details

Utilities to Site Yes

Amenities

W/D hookups

Building Details

Buildings 1
Construction Rambler
Listing Agency: Wes Jones
Listed By: Wes Jones · License #WA 50134
Source: Crexi
Added: Apr 13 Changed: Aug 29 Last Checked: Aug 29 at 2:42PM

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 Wes Jones

Investment Insights

Based on property information with market context.

This rambler-style quadplex contains four above-grade apartments, each configured with two bedrooms and one bathroom. Every unit has been fully renovated, includes washer and dryer hookups, and is leased with tenant-owned laundry equipment rather than landlord-provided machines. The property offers uncovered parking for up to six vehicles.

Both roofs were replaced in 2023, along with attic remediation and sewer line work. All four leases were signed within the past year, and tenants are current on rent. Residents pay utilities directly, while water, sewer, and garbage are billed back monthly after landlord payment. Ownership handles landscaping and pest control.

Key Highlights

  • Four above‑grade units, each with 2 beds and 1 bath
  • All units previously fully renovated
  • Both roofs, attic remediation, and sewer line replaced in 2023

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Nail Salon Hair Salon Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

261
Businesses Nearby

Demographics for 98404, WA

35,172
Population
13,174
Households
2.7
Avg Household Size
35
Median Age
21%
College-Educated
84%
High-School Grad
7.1 sq mi
ZIP Area
4,954
Density / Sq Mi
$79,562
Median Household Income
$41,977
Median Earnings
$1,440
Median Rent
$387,300
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - Four fully renovated apartments with tenant-paid utilities, in-unit laundry hookups, and dedicated uncovered parking.
Where is this quadplex located?
The property is located at 1511 E 38th St Tacoma, WA.
What are key features of this property?
This property features: Four above‑grade units, each with 2 beds and 1 bath; All units previously fully renovated; Both roofs, attic remediation, and sewer line replaced in 2023
More about this property
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