7603 Pacific Ave
Tacoma WA 98408
Madrona Apartments
7603 Pacific Ave Tacoma WA 98408
Listing #: 707207 | Status: Available | Last Modified: 3/7/2026 |
For Sale
- Phone:(206) 552-0599
- Email:robert.laing@evrealestate.com
- Office Name:Engel & Volkers Seattle Downtown
- Office Phone:(206) 623-9697
- Office Website:
- Call Listing AgentNo
- Use DiscretionNo
VIEW_WITH_DISCRETION
- Listing Price$ 3,449,000.0
- $/SF$ 245.3
- $/Unit$ 3,449,000.0
- Listing StatusAvailable
- Days on Market108
- Asset ClassMulti-Family
- Terms
- Investment Type
- Investment PropYes
- Gross Income0
- Vacancy Factor %0.00%
- Operating Expenses0
- Net Operating Income0
- CAP Rate 0.00 %
- Min Total SF0
- Max Total SF0
- Lease Rate Low$ 00.0
- Lease Rate High$ 00.0
- Heat Source
- Total Units
- Water
- Electricity
- Storm Sewer
- SignageSignage on Building and Freestanding
- Anchor
- Building StatusExisting
- # of Buildings3
- # of Floors1
- # of Units21
- # of Elevators0
- Clearance Height Min
- Clearance Height Max
- Bay Depth
- Total Building SF14063
- Net Rentable Area14063
- Total Office SF
- Largest Contiguous SF
- Lot SF35284
- Acres0.81
- Property TypeMulti-Family
- Office Type
- InvestmentYes
- Building Class
- CountyPierce
- Vicinity
- Location Description
- Second Address7601 Pacific Avenue
- Cross Street
- Market AreaSouth Tacoma
- Tax ID #7850000660
- Additional Parcels
- ZoningRCX
- # Covered Spaces0
- # Uncovered Spaces25
- Total Parking Spots25
- Parking Ratio
- Year Built1989
- Year Renovated
- Completion Date
- Roof Type
- Construction Type
Madrona Apartments 7603 Pacific Avenue
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
