Brick 12-Unit Apartment
For Sale
Contact for pricing
601 S Jackson Ave, Tacoma, WA 98406
1959-built brick apartment community with 12 units and a renovation-focused plan to improve in-place rents.
Property SizeContact for details
Days on Market62
Property Features for 601 S Jackson Ave
General Information
Standard status
Active
Class
A
Total Parking Spaces
16
Property subtype
Multifamily
Occupancy
95%
Investment Type
Value Add
Net Operating Income
$132,093
Additional Details
Multifamily Units
12
Building Details
Year Built
1955
Units
12
Tenancy
Multi
Listing Agency:
Kidder Mathews Tacoma
(253) 722-1421
Listed By:
Austin Kelley · License #WA
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 11 at 12:26PM
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 Kidder Mathews Tacoma
Investment Insights
Based on property information with market context.
Viewcrest Terrace Apartments is a 12-unit multifamily property built in 1959. Constructed with classic Tacoma brick, the building is described as meticulously maintained and in strong physical condition. The interior modernization plan is intended to focus on updated finishes, fixtures, and unit upgrades, with an emphasis on value creation without requiring significant structural or exterior capital investment.
The property is situated at 601 S Jackson Avenue in Tacoma, Washington, on a corner along Tacoma’s 6th Avenue corridor and S Jackson Avenue. The remarks note sweeping views of Puget Sound and the Narrows Bridge from one of the residence areas, adding to the property’s long-term residential positioning. The location is further characterized as being close to major employment centers, transit, and amenities.
For an owner seeking a long-term hold, the combination of durable brick construction and the current state of deferred maintenance supports a strategy centered on interior modernization. The offering also cites approximately $4,000 per month in unrealized rental upside based on the difference between current in-place rents and market rates. For operators and investors comfortable managing unit-turn and finish updates, the plan described here provides a clear pathway to pursuing rent premiums while keeping the work concentrated on interiors.
The property is situated at 601 S Jackson Avenue in Tacoma, Washington, on a corner along Tacoma’s 6th Avenue corridor and S Jackson Avenue. The remarks note sweeping views of Puget Sound and the Narrows Bridge from one of the residence areas, adding to the property’s long-term residential positioning. The location is further characterized as being close to major employment centers, transit, and amenities.
For an owner seeking a long-term hold, the combination of durable brick construction and the current state of deferred maintenance supports a strategy centered on interior modernization. The offering also cites approximately $4,000 per month in unrealized rental upside based on the difference between current in-place rents and market rates. For operators and investors comfortable managing unit-turn and finish updates, the plan described here provides a clear pathway to pursuing rent premiums while keeping the work concentrated on interiors.
Key Highlights
- 12‑unit multifamily community at 601 S Jackson Avenue in Tacoma, WA
- Brick apartment building with construction noted as Tacoma brick
- Located on the corner of 6th Avenue and S Jackson Avenue
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 98406, WA
22,768
Population
10,748
Households
2.1
Avg Household Size
42
Median Age
48%
College-Educated
96%
High-School Grad
4.2 sq mi
ZIP Area
5,421
Density / Sq Mi
$104,761
Median Household Income
$59,659
Median Earnings
$1,677
Median Rent
$594,100
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - 1959-built brick apartment community with 12 units and a renovation-focused plan to improve in-place rents.
Where is this apartment building located?
The property is located at 601 S Jackson Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 12‑unit multifamily community at 601 S Jackson Avenue in Tacoma, WA; Brick apartment building with construction noted as Tacoma brick; Located on the corner of 6th Avenue and S Jackson Avenue
