Property Details
1134 Fawcett Avenue
Tacoma, WA 98402
$1,250,000
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Property Overview
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. Renovate the existing units to 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. Endless possibilities in this well-priced commercial location.
Property Details
Property Information
Property Type
Commercial Sale
Subtype
Commercial Industrial
Status
Active
County
Pierce
Neighborhood
New Tacoma
Listed
Mar 11, 2026
Financial Summary
Cap Rate
4.60%
Net Operating Income
$41,799
Gross Scheduled Income
$72,660
Gross Rent Multiplier
12.40
Total Expenses
$23,595
Total Actual Rent
$6,875/mo
Vacancy Rate
10.0%
Building & Use
Building Sq Ft
7,250
Total Units
5
Sq Ft Rented
6,750
Zoning
Commercial
Possible Use
Commercial
Lot Size
9,121 sqft
Year Built
1931
Exterior & Lot
Lot Size
0.21 sqft
Year Built
1931
Exterior Materials
Stucco
Sewer
Sewer Connected
Water Source
Public
Exterior Features
Stucco
Location
City
Tacoma
County
Pierce
Coordinates
47.25161, -122.44308
Additional Information
Tax Year
2025
Annual Taxes
$12,045
Possession
Array
Based on information submitted to the MLS GRID as of April 25, 2026 4:34 PM. 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.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
IDX information is provided exclusively for consumers’ personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026 NWMLS. All rights reserved.
