Value-add multifamily opportunity on a 0.809-acre parcel along the Pacific Avenue corridor, well suited for an investor focused on renovation completion, lease-up, and long-term income growth. The property consists of three buildings totaling 21 units. The front buildings include 12 one-bedroom units, seven of which have been recently remodeled, with additional units in various stages of renovation. All three buildings have been repainted recently. New roofs have also been installed on the two single-story buildings on the property. The third building is a three-story structure built in 1989 with nine spacious two-bedroom units. The property offers on-site laundry and ample parking and is conveniently located near retail, dining, transit, and daily services.
| MLS # | 2468356 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1989 |
| Days On Site | 235 |
| Listing Provided By | Engel & Voelkers Seattle DT | Robert Laing |
| SQ Feet | 14,063 |
|---|---|
| Story(s) | 2 |
| Units | 21 |
| Zoning | Multi-Family |
| Acreage | 0.81 |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98408 |
| Area | 50 South Tacoma |
| Community Name | Tacoma |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Tacoma) | |
Price: $2,999,999 low | high Med: $499,999 sqft: 14,063 low | high Med: 1,356 $ / sqft: $213 low | high Med: $369 On site: 235 low | high Med: 206 | |
| State | WA |
|---|---|
| County | Pierce |
| City | Tacoma |
| Zip Code | 98408 |
| Area | 50 South Tacoma |
| Community Name | Tacoma |
| School District | Buyer To Verify |
| Elementary School | Buyer To Verify |
| High School | Buyer To Verify |
| Listing VS Median (in Tacoma) | |
Price: $2,999,999 low | high Med: $499,999 sqft: 14,063 low | high Med: 1,356 $ / sqft: $213 low | high Med: $369 On site: 235 low | high Med: 206 | |