Listed by Nathaly Burnett, RE/MAX Sound Properties
- Commercial Industrial
- Type
- 1931
- Year built
- 9,120 sq ft
- Lot
- 169
- Days on market
About this property
Great investment opportunity in Tacoma’s Downtown Business District. The property includes a 4-plex apartment building and 46 self-storage units. The apartments are consistently easy to rent with very low vacancy, and Unit #1 was remodeled within the last year. Renovate the remaining units to further increase rents and lease up the storage units for additional income, or explore redevelopment options. The site also offers potential for a mixed-use project with commercial space on the ground floor and apartments or condos above, providing strong upside potential. Owner financing available with 25% down, creating a flexible path for investors looking to secure a well-located income property. Endless possibilities in this well-priced commercial location.
Location & commute
Add a destination (work, gym, school) for directions and drive time.
Property details
Listing details
- Listing number
- #2491440
- Listed
- March 11, 2026
- Days on market
- 169
- Original list price
- $1,250,000
Parking
- Total spaces
- 4
Construction
- Year built
- 1931
- Style
- 60 - Comm Bldg Und 10K
- Structure
- Unspecified
- Roof
- Flat
Heating & cooling
- Cooling
- Wall Unit(s)
- Energy source
- ElectricNatural Gas
Flooring
- Flooring
- VinylCarpet
Lot
- Lot size
- 9,120 sq ft
Terms
- Terms offered
- CashConventional
Utilities
- Water
- Tacoma Public Utilities
- Sewer
- Tacoma Public Utilities
- Power
- Tacoma Public Utilities
What stands out to you?
Mark features you love or could do without. Saved on this device to tune what you see.
- Unspecified
- Flat
- Wall Unit(s)
- Electric
- Natural Gas
- Vinyl
- Carpet
- Cash
- Conventional
Listing history
Listed
$1,250,000
March 11, 2026
Current price
$899,950
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
$5,241
- Principal & interest
- $4,551
- Property tax (est.)
- $690
Assumes $179,990 down (20%), a $719,960 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 3:15 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.