Listed by Keller Williams Rty Tacoma
$1,499,000

Estimated payment $9,350/month

Total Views 50
6 Beds
5 Baths
5,000 Sq Ft
$300 Price per Sq Ft

Highlights

  • Views of a Sound
  • Deck
  • Corner Lot
  • Lowell Elementary School Rated A-
  • Wood Flooring
  • 2-minute walk to Garfield Park

About This Home

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. Built in 1906, the building features timeless architecture and sweeping Puget Sound views from many units. Located in Tacoma’s Stadium District—an irreplaceable “A+” location—this iconic property offers historic charm, unmatched setting, and consistent performance. A truly unique investment opportunity in the heart of North Tacoma. Value-add upside with rent growth potential and unmatched long-term appeal makes this property a trophy investment! Rents are pro-forma.

Listing Agent

Brian Thayer

Keller Williams Rty Tacoma License #72669 Listed on: 08/11/2025

Keller Williams Rty Tacoma

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 2419524

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,701

Year Built

  • Built in 1905

Lot Details

  • 6,500 Sq Ft Lot
  • Lot Dimensions are 50x130
  • Corner Lot
  • Property is in good condition

Property Views

  • Views of a Sound
  • City
  • Territorial

Home Design

  • Composition Roof
  • Bitumen Roof
  • Wood Siding

Interior Spaces

  • 5,000 Sq Ft Home
  • 3-Story Property

Flooring

  • Wood
  • Carpet
  • Concrete
  • Ceramic Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Bathrooms

Parking

  • 4 Parking Spaces
  • 2 Covered Spaces
  • Open Parking

Outdoor Features

  • Deck

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Community Details

  • No Home Owners Association
  • New Tacoma Condos
  • Stadium District Subdivision

Listing and Financial Details

  • Legal Lot and Block 1 & 2 / 3509
  • Assessor Parcel Number 2035090010

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,701

Year Built

Built in 1905

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi Family
  • StyleCode: 55 - 5-9 Units
  • Year Built: 1905
  • MLS Status: Active
  • Prev Status: Active
  • Building Name: New Tacoma
  • New Construction: No
  • CalculatedSquareFootage: 5000
  • Special Features: None
  • Cumulative Days on Market: 35

Interior Features

  • Possible Use: Multi-Family
  • Total Bedrooms: 6
  • Fireplace: No
  • Flooring: Ceramic Tile, Concrete, Hardwood, Carpet
  • Stories: 3
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0
  • BathsFullUpper: 0
  • BathsHalfUpper: 0
  • BathsThreeQuarterUpper: 0
  • BedroomsUpper: 0
  • Amenities: Coin Op Laundry,See Remarks

Exterior Features

  • Roof: Composition, Torch Down
  • View: City, Sound, Territorial
  • Lot Features: Alley, Corner Lot, Curbs, Paved, Sidewalk
  • View: Yes
  • Waterfront: No
  • Construction Type: Wood
  • Exterior Features: Wood
  • Foundation Details: See Remarks
  • Property Condition: Good
  • Structure Type: Multi Family

Garage/Parking

  • Carport Y N: No
  • Covered Parking Spaces: 2
  • Open Parking Spaces: 2
  • Open Parking: Yes
  • Total Parking Spaces: 4
  • ParkingUncoveredSpaces: 2

Utilities

  • Sewer: Sewer Connected
  • Water Source: Public
  • Cooling: None
  • Cooling Y N: No
  • Heating: Baseboard, Forced Air, Wall Unit(s)
  • Heating Yn: Yes
  • PowerCompany: Tacoma
  • SewerCompany: Tacoma
  • WaterCompany: Tacoma
  • WaterSewerGarbage: 8089

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Fee Information

  • Annual Fuel Expense: 435
  • NWM_OtherDuesOrFeesYN: false

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 2035090010
  • Lot Size Acres: 0.1492
  • Lot Size: 50x130
  • Lot Size Sq Ft: 6500
  • Zoning Description: Multi-Family
  • Irrigation Water Rights: No
  • ShowMapLink: true
  • SiteFeatures: Cable TV,Deck
  • MLSLotSizeSource: Tax Records
  • MLSSquareFootageSource: Tax Records
  • ZoningJurisdiction: City
  • LotNumber: 1 & 2

Green Features

  • Power Production Type: Electric, Natural Gas

Rental Info

  • GrossRentMultiplier: 113.8
  • LeasedItems: None
  • TotalMonthlyIncome: 9000

Multi Family

  • Gross Scheduled Income: 108000
  • Net Operating Income: 76650
  • Number Of Units Total: 6
  • Electric Expense: 2737
  • Insurance Expense: 7228
  • Leasable Area: 5000
  • EnergySource: Electric,Natural Gas
  • UnitsInBuildingTotal: 6
  • UnitsBelowGrade: true
  • VacancyRate: 0

Tax Info

  • Year: 2025
  • Tax Annual Amount: 13701

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

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 $13,161 $1,330,700 $500,000 $830,700
2024 $13,161 $1,260,300 $466,100 $794,200
2023 $13,161 $1,183,900 $432,200 $751,700
2022 $11,025 $1,139,500 $470,500 $669,000
2021 $10,538 $839,700 $320,300 $519,400
2019 $9,939 $774,900 $295,300 $479,600
2018 $0 $765,900 $290,300 $475,600
2017 $8,264 $568,400 $222,200 $346,200
2016 $8,115 $476,700 $146,700 $330,000
2014 $3,880 $467,300 $145,300 $322,000
2013 $3,880 $435,400 $122,700 $312,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2025 08/11/25 For Sale $1,499,000 -- $300 / Sq Ft
Source: Northwest Multiple Listing Service (NWMLS)

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed -- Accommodation
Contract Of Sale $690,000 Trans
Interfamily Deed Transfer -- Transnation Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $552,000 Seller Take Back
Source: Public Records

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Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 2419524

Northwest Multiple Listing Service (NWMLS)

APN: 203509-0010