Fourplex with Private Outdoor
For Sale
$835,000
3919 Mason Loop Road, Tacoma, WA 98409
Four matching two-bedroom homes include in-unit laundry and dedicated parking.
Property Size3,248 SF
Price / SF$257.08
Days on Market29
Property Features for 3919 Mason Loop Road
General Information
Standard status
Active
Size
3,248 SF
Total Parking Spaces
8
Property subtype
Multi Family
Units
Unit Mix
4 x 2-bed/1-bath
Multifamily Units
4
Parking per Unit
2
Amenities
in-unit W/D
private outdoor living
Building Details
Year Built
1979
Listing Agency:
COMPASS
(206) 330-0314
Listed By:
Michael Haas · License #23010523
(408) 439-7873
Source:
Dulayhomes
Added: Oct 9
Changed: Nov 5
Last Checked: Nov 5 at 7:08AM
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 COMPASS
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Investment Insights
Based on property information with market context.
This 3,248-square-foot fourplex, built in 1979, contains four matching two-bedroom, one-bathroom units. Each residence has an in-unit washer and dryer, along with private outdoor space: ground-level patios for some units and elevated wood decks for others. One unit is vacant, and recent work includes new gutters, exterior paint, and flooring, all completed in 2025.
The property sits back from the street and backs onto protected green space. A community park is across the street, and eight dedicated parking spaces are provided, or two for each unit.
The property sits back from the street and backs onto protected green space. A community park is across the street, and eight dedicated parking spaces are provided, or two for each unit.
Key Highlights
- Four units, each with 2 bedrooms and 1 bathroom
- 3,248 square feet; built in 1979
- Eight dedicated parking spaces, with two assigned to each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,793
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$855,860
$855.9K
Cap Rate 7%
$611,329
$611.3K
Cap Rate 9%
$475,478
$475.5K
Market Conditions
NOI Build-Up for 3,248 SF
Gross rent
$64.3K $19.80/SF
− Vacancy
−$3.2K −$0.98/SF
EGI
$61.1K $18.82/SF
− OpEx
−$18.3K −$5.65/SF
NOI
$42.8K $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%
$855,860
Cap Rate 7%
$611,329
Cap Rate 9%
$475,478
Alternative Uses
Best Use
Multifamily LT 5
$611.3K
$534.9K – $713.2K
NOI $42,793 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$531.3K
$464.9K – $619.8K
NOI $37,189 @ 7.0% cap · market cap 4.45%
Theoretical Best
Office A
$998.3K
$873.6K – $1.16M
NOI $69,884 @ 7.0% cap · market cap 8.37%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
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Business Placement
Demographics for 98409, WA
27,840
Population
12,136
Households
2.3
Avg Household Size
33
Median Age
21%
College-Educated
87%
High-School Grad
7.1 sq mi
ZIP Area
3,921
Density / Sq Mi
$71,649
Median Household Income
$43,652
Median Earnings
$1,579
Median Rent
$363,000
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 - Four matching two-bedroom homes include in-unit laundry and dedicated parking.
Where is this quadplex located?
The property is located at 3919 Mason Loop Road Tacoma, WA.
What is the asking price?
The asking price for this property is $835,000.
What are key features of this property?
This property features: Four units, each with 2 bedrooms and 1 bathroom; 3,248 square feet; built in 1979; Eight dedicated parking spaces, with two assigned to each unit
