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Renovated 6-Unit Apartment Building
For Sale
$925,000
Pending

3841 S Park Ave, Tacoma, WA 98418

Well-maintained, renovated 6-unit apartment building in Tacoma's Lincoln District.

Property SizeContact for details
Lot Size0.22 Acres
Days on Market306

Property Features for 3841 S Park Ave

General Information

Standard status Pending
Lot size 0.22 Acres
Property subtype Residential Income

Taxes and HOA fees

Annual Taxes $12,081
Listing Agency: Blake Investment Advisors
Listed By: Gabe Blake
Source: Exprealty
Added: Oct 22, 2025 Changed: Aug 23 Last Checked: Jul 29 at 8:38AM

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 Lincoln District 6-unit is a well-maintained, single-story apartment building situated on a 9,583 square foot lot in Tacoma’s Lincoln District. Constructed in 1950 and fully renovated in 2020, the property features a low-maintenance brick façade, double-paned vinyl windows, metal entry doors, and a composition shingle roof replaced in 2020. The unit mix includes two two-bedroom/one-bath apartments and four one-bedroom/one-bath apartments, averaging 750 square feet and 550 square feet, respectively. All six units have been comprehensively renovated within the last five years with luxury vinyl plank flooring, white shaker cabinetry, new appliances, granite countertops, and LED lighting fixtures. The property also offers a spacious 1,816 square foot basement with four large storage.

Key Highlights

  • Fully renovated in 2020, offering modern living spaces and updated infrastructure.
  • Six‑unit apartment building in Tacoma's Lincoln District.
  • Unit mix includes two 2‑bedroom/1‑bath and four 1‑bedroom/1‑bath apartments.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Law Firm HVAC Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Carpet & Flooring Store

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

Location Intelligence

Trade Area within ½ mile

810
Businesses Nearby

Demographics for 98418, WA

10,371
Population
4,520
Households
2.3
Avg Household Size
37
Median Age
23%
College-Educated
89%
High-School Grad
1.7 sq mi
ZIP Area
6,101
Density / Sq Mi
$79,413
Median Household Income
$53,441
Median Earnings
$1,512
Median Rent
$385,300
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 - Well-maintained, renovated 6-unit apartment building in Tacoma's Lincoln District.
Where is this apartment building located?
The property is located at 3841 S Park Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Fully renovated in 2020, offering modern living spaces and updated infrastructure.; Six‑unit apartment building in Tacoma's Lincoln District.; Unit mix includes two 2‑bedroom/1‑bath and four 1‑bedroom/1‑bath apartments.
More about this property
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