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    1901 Fife St Tacoma, WA 98406

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    For Sale
    $1,050,000

    Well-maintained 5-unit building in desirable North Tacoma location.

    Property size:
    3,456 SF

    Property Features for 1901 Fife St

    General Information

    Standard status
    Active
    Size
    3,456 SF

    Building Details

    Year built
    1909

    Source: REAL BROKER LLC Agent GEORGE CLOUSE

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Tacoma Multifamily Investment Opportunity

    Located in North Tacoma’s desirable Three Bridges District, this well-maintained building features five units, including four one-bedroom units and one studio unit. The property offers strong rents, long-term occupancy, and excellent upkeep. It is situated minutes from downtown, hospitals, transit, and other amenities. Value-add potential includes adding washer and dryer hookups to larger units and finishing part of the basement to potentially create a sixth income-producing unit; buyer to verify. The property size is 3456 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Tacoma
    County
    Pierce
    State
    Washington
    Longitude
    -122.4700987
    Latitude
    47.2663944

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained 5-unit building in desirable North Tacoma location.
    Where is this apartment building located?
    The property is located at 1901 Fife St Tacoma, WA.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Strong rental income and long-term occupancy in a desirable North Tacoma location.; - Value-add potential through W/D hookup installation and basement finishing for a 6th unit.; - Well-maintained 5-unit building (four 1-bed, one studio).
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1901 Fife St Tacoma, WA 98406
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