Estimated payment $6,382/month
Fully occupied Tacoma Mall 4-plex with strong income and modern finishes—rare 2022 build with minimal maintenance. Enjoy significant property tax savings from a 12-year land-only exemption (9 years remaining). Units feature open-concept layouts, LVP flooring, stainless appliances, custom cabinets, in-unit laundry, and ductless mini-splits. Gated entry, landscaped courtyard, off-street parking. Prime location near I-5, transit, and shopping.
Source: Northwest Multiple Listing Service (NWMLS)
MLS#: 2386061
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,924 | $891,800 | $186,300 | $705,500 |
| 2024 | $1,924 | $901,200 | $180,000 | $721,200 |
| 2023 | $1,924 | $133,300 | $133,300 | $0 |
| 2022 | $787 | $113,400 | $113,400 | $0 |
| 2021 | $787 | $67,900 | $67,900 | -- |
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2025 07/31/25 | Price Changed | $1,150,000 | -4.2% | $325 / Sq Ft |
| 06/05/2025 06/05/25 | For Sale | $1,200,000 | -- | $339 / Sq Ft |
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | Stewart Title | |
| Quit Claim Deed | -- | Stewart Title |
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $837,000 | New Conventional | |
| Previous Owner | $1,615,000 | Construction |
$1,200,000
New Construction 6 unit with $7820/mth in rental income (cap rate 6.7), a 12 year tax abatement at 'land only' taxes, and a proven low-maintenance interior & site design. Income is maximized AND turn-over is simple on these incredibly desirable 1 bdrm/ 1 bath units offering a full-sized kitchen w/ upgraded stainless appls, a good-sized bedroom w/ a large closet space, a living room, and a
Ryan Meacham Engel & Voelkers Chambers Bay
$1,100,000
Once in a lifetime opportunity has hit the market. Whether this opportunity is for a quick return on your investment or a long term wealth building strategy, this Turn Key Asset will produce upon your acquisition. Its proximity to amenities and thriving neighborhood is certainly a crowd pleaser. Strategically positioned in a prime location, this income generating asset which is close to public
Gene Quinney Northwest Home Sales
$1,200,000
Each unit has 3 bedrooms and 1.75 bathrooms. Once in a lifetime opportunity has hit the market. Whether this opportunity is for a quick return on your investment or a long term wealth building strategy, this Turn Key Asset will produce upon your acquisition. Its proximity to amenities and thriving neighborhood is certainly a crowd pleaser. Strategically positioned in a prime location, this income
Gene Quinney Northwest Home Sales
$975,000
The Kelley Arms Apartments is a 7-unit multifamily property located in the heart of Downtown Tacoma’s 6th Ave Business District. The asset combines vintage character with thoughtful updates, offering a boutique investment opportunity in one of Tacoma’s most walkable and transit-connected neighborhoods. Originally built in 1931, the property is well-positioned for a new owner to take advantage of
Tanner Fogle Paragon Real Estate Advisors
$1,450,000
A remarkable Four-plex opportunity featuring two 3-bed, 1-bath units & two 1-bed, 1-bath units, each adorned with covered porches, gas forced air heat, hardwood, fir floors & original charming built-ins. Three units boast updated kitchens with stainless appliances and newer cabinetry. Recent system upgrades encompass a new water supply line, all new supply plumbing, a new sewer line, 2 new
Patrick Buckley COMPASS
$1,099,000
Great location for this brick triplex in North Tacoma. This investment property allows you to live in one unit and rent the other two listings or rent all three units. Short walking distance to shopping and restaurants in Stadium district, Frisko Freeze, hospitals, Wright park, and link light rail. Amazing walk score of 90!
James Smith Better Properties Gig Harbor
$995,000
PRICE REDUCED! Now under $1M! Fully leased 5-unit multi-family in Tacoma's desirable Three Bridges District, offering immediate cash flow & long-term upside. 4 spacious 1-bedroom units + 1 studio, each w/ full kitchens, produce $83,888 annual income w/ a low 3% vacancy rate. Prime location near downtown Tacoma, UW Tacoma, hospital & transit ensures strong rental demand. Value-add opportunity to
Alexandra Clouse Real Broker LLC
$1,199,000
Discover one of North Tacoma’s finest multi-family gems! This meticulously renovated 4-unit craftsman blends historic charm with modern updates. The main house offers three private-entries, plus a DADU & two-car garage. Recent upgrades include a newer roof, windows, exterior paint, garage doors, updated plumbing, electrical, & appliances. Each main house unit features custom tile, washer/dryers,
Hailee Keely PropertiesNW of Gig Harbor Ltd
$1,499,000
Stadium District Colonial Apartments is a rare chance to own a premier multifamily asset in one of Tacoma’s most desirable neighborhoods. Just steps from the Tacoma Lawn & Tennis Club, 523 N E Street boasts a strong history of steady income and near-full occupancy.This building features timeless architecture and sweeping Puget Sound views. Located in Tacoma’s Stadium District—an irreplaceable
Brian Thayer Keller Williams Rty Tacoma
Source: Northwest Multiple Listing Service (NWMLS)
MLS Number: 2386061
APN: 289000-2502
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