Listed by Robert Laing, Engel & Voelkers Seattle DT
- 14,063
- Square feet
- $213
- Per sq ft
- Multi Family
- Type
- 1989
- Year built
- 35,257 sq ft
- Lot
- 408
- Days on market
About this property
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.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2468356
- Listed
- January 15, 2026
- Days on market
- 408 (includes a prior listing period)
- Price per sq ft
- $213
- Original list price
- $3,449,000
Unit & building
- Stories in building
- 2
- Units in building
- 21
Construction
- Year built
- 1989
- Style
- 56 - 10+ Units
- Structure
- Multi Family
- Roof
- CompositionTorch Down
Heating & cooling
- Heating
- Baseboard
- Cooling
- None
- Energy source
- Electric
Flooring
- Flooring
- VinylCarpet
Lot
- Lot size
- 35,257 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- TPU
- Sewer
- TPU
- Power
- TPU
Schools
- District
- Tacoma
- Elementary
- Buyer To Verify
- Middle
- Buyer To Verify
- High
- Buyer To Verify
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Multi Family
- Composition
- Torch Down
- Baseboard
- None
- Electric
- Vinyl
- Carpet
- Cash
- Conventional
Listing history
Listed
$3,449,000
January 15, 2026
Current price
$2,999,999
Derived from current MLS listing fields. Full multi-cycle status history is on the roadmap.
Payment estimate
An estimate to help you plan, not a loan offer or financial advice.
Est. monthly
$17,470
- Principal & interest
- $15,170
- Property tax (est.)
- $2,300
Assumes $600,000 down (20%), a $2,399,999 loan at 6.5% over 30 years. Property tax is an estimated figure, not MLS data (verify with the county assessor). Excludes insurance, PMI, and closing costs. Not a commitment to lend or financial advice.
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Based on information submitted to the MLS GRID as of August 28, 2026 at 1:03 AM PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.