Property Details

7603 Pacific Ave

Tacoma, WA 98408

$2,999,999

Available

CBA# 707207 courtesy of CBA Listing firm: Engel & Volkers Seattle Downtown

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Commercial

Property Type

14,063

Bldg Sq Ft

Units

1989

Year Built

Property Overview

Value-add multifamily opportunity on a 0.809-acre parcel along the Pacific Avenue corridor. The property consists of three buildings totaling 21 units, offering a mix of one- and two-bedroom units and a clear path for renovation completion and lease-up.The front buildings include 12 one-bedroom units, seven of which have been recently remodeled, with remaining units in various stages of renovation. All three buildings have been repainted recently. New roofs have also been installed on the two single-story buildings on the property.. The third building, a three-story structure built in 1989, contains nine spacious two-bedroom units that support long-term tenant demand.The property offers on-site laundry and ample parking and is conveniently located near retail, transit, and daily services. Well suited for an investor focused on completing renovations, stabilizing occupancy, and growing income over time.