Active · Residential Income

1115 N 12th Street , Tacoma, WA 98403

Tacoma, WA 98403

$2,000,000

— bedrooms · — bathrooms · 0 sq ft

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Listing provided by Kidder Mathews · MLS #2553708 · Active

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About this property

SELLER FINANCING AVAILABLE. The Villa Apartments is a well-located 10-unit apartment building situated in one of Tacoma's most coveted and historically stable submarkets — North Tacoma. Offered to the market for the first time in over 25 years, this is a rare opportunity to acquire a long-held, carefully maintained asset in a neighborhood that consistently commands strong tenant demand and above-average rent growth. The property presents a compelling value-add investment profile, with dated interiors that reflect the building's long-term ownership and offer a clear path to modernization. A strategic renovation program targeting updated finishes, fixtures and exteriors would allow a new owner to drive meaningful rental growth and unlock significant upside in stabilized value. Adding to the opportunity, the seller is offering attractive financing terms, providing qualified buyers with a distinct advantage in today's elevated interest rate environment. North Tacoma's appeal is well established - tree-lined streets, walkable neighborhoods, proximity to the University of Puget Sound, Tacoma's best retail and dining corridors, and consistently low vacancy make it one of the most sought-after multifamily locations in the South Sound.

Property details

Property type: Multi Family
Year built: 1954
Lot size: 12,610 sq ft
Association dues: $0 · frequency not provided
Annual property tax: $15,846 (2026)
Parking spaces: 4
School district: Tacoma

Listings courtesy of Northwest MLS as distributed by MLS GRID.

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