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Roberto Laing
Direct: (206) 552-0599
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Engel & Volkers Seattle Downtown
Main: (206) 623-9697
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FOR SALE - Listing #: 707207
Madrona Apartments
7603 - 0 Pacific Ave , Tacoma WA98408
14,063 Available SF 14,063 SF
Agent Remarks
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. A new roof has been installed on the south portion of the buildings. 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, s
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County
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Pierce
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Market Area
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South Tacoma
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Tax ID #
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7850000660
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Price
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$ 3,449,000
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Property Details
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Prop Type
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Multi-Family
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# Floors
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1
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Bldg SF
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14,063
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Year Built
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1989
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Land SF
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35,284
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# Bldgs
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3
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Acres
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0.81
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# Parking Spaces
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25
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Office Class
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Informational Links
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