NOT LISTED FOR SALE
-- Bed
-- Bath
-- Sq Ft
0.48 Acres

Last Sold September 01, 2022

Last sale price $2,200,000

9 Days on Market

About This Home

As of September 2022

Kidder Mathews is pleased to present the Tower Bachelor Apartments for sale. A mixed use offering holding 19 residential units and 3 commercial spaces. Offered for sale for the first time in over 25 years, this value add investment is irreplaceable real estate sitting on Tacoma’s dynamic 6th Avenue. Built in 1956, the Tower Bachelor Apartment’s consists of 18 studio and 1 one bedroom unit primed for interior and exterior renovations. This value-add offering hold rents significantly below market with the potential to increase total monthly income by over 45%.

Last Agent to Sell the Property

Austin Kelley

Kidder Mathews License #131596 Listed on: 07/19/2022

Last Buyer's Agent

Austin Kelley

Kidder Mathews License #131596 Listed on: 07/19/2022

Source: Northwest Multiple Listing Service (NWMLS)

MLS#: 1971137

Northwest Multiple Listing Service (NWMLS)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $16,187

Year Built

  • Built in 1956

Lot Details

  • 0.48

Home Design

  • Flat Roof Shape
  • Poured Concrete
  • Wood Composite

Parking

  • 21 Parking Spaces
  • Open Parking

Additional Features

  • 2-Story Property
  • 0.48 Acre Lot

Community Details

  • No Home Owners Association
  • North Tacoma Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0220022044

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$16,187

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • StyleCode: 56 - 10+ Units
  • Year Built: 1956
  • Buyer Agency Compensation: 2
  • MLS Status: Sold
  • Prev Status: Closed
  • New Construction: No
  • CalculatedSquareFootage: 0
  • EffectiveYearBuiltSource: Public Records
  • Special Features: None

Interior Features

  • Possible Use: Commercial
  • Fireplace: No
  • Stories: 2
  • SquareFootageFinished: 0
  • SquareFootageUnfinished: 0

Exterior Features

  • Roof: Flat
  • View: No
  • Waterfront: No
  • Exterior Features: Wood Products
  • Foundation Details: Poured Concrete
  • Structure Type: Multi Family

Garage/Parking

  • Carport Spaces: 5
  • Carport Y N: No
  • Open Parking: Yes
  • Total Parking Spaces: 21

Utilities

  • Sewer: Sewer Connected
  • Heating Yn: Yes
  • Utilities: Sewer Connected, Electric

Condo/Co-op/Association

  • Senior Community: No
  • Association: No

Schools

  • Junior High Dist: Tacoma

Lot Info

  • Parcel Number: 0220022044
  • Lot Size Acres: 0.4811
  • Lot Size Sq Ft: 20957
  • Irrigation Water Rights: No
  • ResoLotSizeUnits: SquareFeet
  • ShowMapLink: true
  • MLSLotSizeSource: public record
  • ZoningJurisdiction: City
  • ZoningClass: Commercial

Green Features

  • Power Production Type: Electric

Rental Info

  • Furnished: Unfurnished
  • GrossRentMultiplier: 12.88
  • LeasedItems: None
  • TotalMonthlyIncome: 16166

Tax Info

  • Year: 2022
  • Tax Annual Amount: 16187

Multi Family

  • Number Of Units Total: 19
  • EnergySource: Electric
  • UnitsBelowGrade: false

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2022 09/01/22 Sold $2,200,000 -12.0% --
07/28/2022 07/28/22 Pending -- -- --
07/19/2022 07/19/22 For Sale $2,500,000 -- --
Source: Northwest Multiple Listing Service (NWMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: Northwest Multiple Listing Service (NWMLS)

MLS Number: 1971137

Northwest Multiple Listing Service (NWMLS)