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43-Unit Apartment Building
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31 Broadway, Tacoma, WA 98402

Five-story multifamily property offering studio and one-bedroom residences with shared laundry facilities and access to light rail.

Property SizeContact for details
Days on Market142

Property Features for 31 Broadway

General Information

Standard status Active
Property subtype Multifamily

Additional Details

Public Transit Yes
Multifamily Units 43

Amenities

laundry facilities

Building Details

Year Built 1928
Stories 5
Construction gothic style
Listing Agency: Northmarq - Seattle
Listed By: Taylor Wyman · License #113007
Source: Crexi
Added: Apr 13 Changed: Aug 31 Last Checked: Aug 31 at 1:06AM

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 Northmarq - Seattle

Investment Insights

Based on property information with market context.

Broadway Apartments is a five-story multifamily building completed in 1928 with 43 residences arranged as studios and one-bedroom units. The property retains a Gothic-style façade and extended interior corridors associated with its original early-20th-century design. Average unit size is 531 square feet, and select apartments on the uppermost floor have vaulted ceilings. Turnover work has included replacement flooring, paint, and other cosmetic improvements.

Located at 31 Broadway in Tacoma, the building is steps from the T Line light rail station and has a Walk Score of 93. East-facing apartments provide panoramic views of Commencement Bay. Residents also have access to common laundry facilities, with dining, shopping, entertainment, and cultural amenities described as walkable from the property.

Key Highlights

  • 43‑unit multifamily building at 31 Broadway, Tacoma, WA 98402
  • Built in 1928 with a five‑story Gothic‑style design
  • Studio and one‑bedroom apartments averaging 531 square feet

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Catering Service Veterinary Clinic Pet Grooming Service Locksmith Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

43
Residential units

Location Intelligence

Trade Area within ½ mile

3,902
Businesses Nearby

Demographics for 98402, WA

8,053
Population
4,788
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
1.2 sq mi
ZIP Area
6,711
Density / Sq Mi
$54,712
Median Household Income
$43,145
Median Earnings
$1,478
Median Rent
$558,100
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Five-story multifamily property offering studio and one-bedroom residences with shared laundry facilities and access to light rail.
Where is this apartment building located?
The property is located at 31 Broadway Tacoma, WA.
What are key features of this property?
This property features: 43‑unit multifamily building at 31 Broadway, Tacoma, WA 98402; Built in 1928 with a five‑story Gothic‑style design; Studio and one‑bedroom apartments averaging 531 square feet
(206) 505-9435 Call to check price and availability
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