523 Tacoma Ave, Tacoma, WA 98403

Building Details

Year Built

1890

Listing agent JOSHUA BLAKE

Listing office BLAKE INVESTMENT ADVISORS j***@blakeia.com

Listing date May 1, 2025

Source Corcoran

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Overview

The Stadium District Mansion Apartments are available for purchase. The property has been maintained by the current ownership. The owners have preserved the property's charm while making improvements to the amenity package for each apartment. Historically, the property has achieved near or full 100% economic occupancy, creating a consistent income stream. The asset's charm, coupled with its location, allows for rent growth upon turnover, requiring only minimal investment.

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Tacoma

County

Pierce

State

Washington

Longitude

-122.455

Latitude

47.267

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FAQs

What type of property is this?

Apartment building - Charming apartment building in prime location with significant rent growth potential.

Where is this apartment building located?

The property is located at 523 Tacoma Ave Tacoma, WA.

What is the asking price?

The asking price for this property is $1,775,000.

What are key features of this property?

This property features: Prime "A+" location in the Stadium District.; Historically near or at 100% economic occupancy.; Significant rent growth potential with minimal investment upon turnover.