About this home

CASH FLOWING MACHINE! $9,015 MONTHLY INCOME | PRICE REDUCED to a 7.58% Cap Rate | 3841 S Park Ave is a well-maintained, single-story 6-unit apartment building. Fully renovated in 2020, the property features a low-maintenance brick façade, double-paned vinyl windows, metal entry doors, and a composition shingle roof replaced in 2020. The unit mix includes two two-bedroom/one-bath apartments and four one-bedroom/one-bath apartments, averaging 750 square feet and 550 square feet, respectively. All six units have been comprehensively renovated within the last five years with luxury vinyl plank flooring, white shaker cabinetry, new appliances, granite countertops, and LED lighting fixtures.

Exterior features

Brick

Property details

Heating: Baseboard
Cooling: None
Flooring: Vinyl Plank
Sewer: Sewer Connected

Costs

Annual taxes: $12,081 (2025)

Estimate your monthly payment

$5,305/mo

Principal & interest: $4,298
Property taxes: $1,007

Down payment (20%) $170,000 Interest rate (%) Loan term (years)

Loan amount $680,000

Estimate only — excludes homeowner's insurance and PMI. Rates shown are not a quote. Talk to us to connect with a lender.

Location

Tacoma, WA 98418

Approximate location. Contact us to confirm the exact address.

Listing courtesy of Blake Investment Advisors— Gabe Blake.Listing data courtesy of the Northwest Multiple Listing Service (NWMLS). Information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal.

Interested in this home?

Request a private tour or ask a question — a local agent will respond personally.