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Historic Tacoma Multifamily Investment Opportunity
For Sale
Contact for pricing
Pending

523 G St, Tacoma, WA 98405

Three multifamily buildings totaling 53 units in Tacoma's Stadium District.

Property SizeContact for details
Days on Market99

Property Features for 523 G St

General Information

Standard status Pending
Property subtype Commercial

Building Details

Year Built 1925
Listing Agency: PARAGON REAL ESTATE ADVISORS
Listed By: TANNER FOGLE
Source: Corcoran
Added: May 20 Changed: Aug 8 Last Checked: Jul 23 at 8:33AM

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 PARAGON REAL ESTATE ADVISORS

Investment Insights

Based on property information with market context.

This is a rare generational investment opportunity in the heart of Tacoma’s historic Stadium District. The Dreher Apartments (23 units), Hillcrest Apartments (19 units), and Brown Apartments (11 units) represent a unique opportunity to acquire three well-located multifamily buildings totaling 53 units directly across the street from Wright Park. Positioned along the park’s edge, these classic Tacoma apartment buildings benefit from unobstructed park views, mature tree-lined surroundings, and immediate access to the walkability and lifestyle amenities of the Stadium District and Downtown Tacoma. Residents enjoy proximity to local restaurants.

Key Highlights

  • Rare generational investment opportunity: First time on the market in over 50 years.
  • Portfolio of 3 multifamily buildings totaling 53 units.
  • Prime location directly across from Wright Park.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Pet Grooming Service Furniture & Home Goods Veterinary Clinic Mobile Phone Store Fish Market

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

6,491
Businesses Nearby

Demographics for 98405, WA

24,617
Population
11,645
Households
2.1
Avg Household Size
37
Median Age
31%
College-Educated
94%
High-School Grad
4.1 sq mi
ZIP Area
6,004
Density / Sq Mi
$80,024
Median Household Income
$51,028
Median Earnings
$1,480
Median Rent
$443,800
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 - Three multifamily buildings totaling 53 units in Tacoma's Stadium District.
Where is this apartment building located?
The property is located at 523 G St Tacoma, WA.
What are key features of this property?
This property features: Rare generational investment opportunity: First time on the market in over 50 years.; Portfolio of 3 multifamily buildings totaling 53 units.; Prime location directly across from Wright Park.
More about this property
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