Stadium District Mansion
For Sale
$1,775,000
Pending
523 Tacoma Ave, Tacoma, WA 98403
Charming apartment building in prime location with significant rent growth potential.
Property SizeContact for details
Days on Market522
Property Features for 523 Tacoma Ave
General Information
Standard status
Pending
Property subtype
Commercial
Building Details
Year Built
1890
Listing Agency:
BLAKE INVESTMENT ADVISORS
Listed By:
JOSHUA BLAKE
Source:
Corcoran
Added: May 1, 2025
Changed: Oct 1
Last Checked: Oct 4 at 10:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BLAKE INVESTMENT ADVISORS
Investment Insights
Based on property information with market context.
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.
Key Highlights
- Prime "A+" location in the Stadium District.
- Historically near or at 100% economic occupancy.
- Significant rent growth potential with minimal investment upon turnover.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,020
Businesses Nearby
Explore this area
Business Placement
Demographics for 98403, WA
8,341
Population
4,863
Households
1.7
Avg Household Size
39
Median Age
64%
College-Educated
99%
High-School Grad
1.0 sq mi
ZIP Area
8,341
Density / Sq Mi
$86,179
Median Household Income
$63,918
Median Earnings
$1,414
Median Rent
$737,100
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
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.
