Multifamily Opportunity on Pacific
7603 Pacific Ave, Tacoma, WA 98408
Call to check price and availability
Value-add multifamily property with renovation and lease-up potential.
Type:Multifamily
Property size:
14,063 SFLot size:
0.81 AcresPrice / SF:
$245/SF- Added:
- Jan 27, 2026
- Days on Market:
- 114
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 7603 Pacific Ave
General Information
- Standard status
- Active
- Size
- 14,063 SF
- Lot size
- 0.81 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1989
Listing agent Robert Laing License #WA 27769
Listing office Engel & Volkers Seattle Downtown (206) 623-9697
Listing date Jan 27, 2026
Source Crexi
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 Engel & Volkers Seattle Downtown
HighLights
- Value‑add opportunity with 21 units (mix of 1 and 2‑bedroom) for renovation and lease‑up.
- Nine spacious two‑bedroom units in a separate 3‑story building built in 1989, supporting long‑term tenant demand.
- Seven of the twelve one‑bedroom units in the front buildings have been recently remodeled.
- New roof installed on the south portion of the buildings.
- Convenient location near retail, transit, and daily services.
- On‑site laundry and ample parking available.
Overview
This multifamily property presents a value-add opportunity, situated on a 0.809-acre parcel along the Pacific Avenue corridor. The property includes three buildings, comprising a total of 21 units with a mix of one- and two-bedroom layouts. There is a clear path for renovation completion and lease-up. The front buildings feature 12 one-bedroom units, with seven having been recently remodeled and the remaining units in various stages of renovation. A new roof has been installed on the south portion of these buildings. The third building, constructed in 1989, is a three-story structure containing nine spacious two-bedroom units. The property offers on-site laundry facilities and ample parking. Its location provides convenient access to retail options, public transit, and daily services. This property is suited for investors focused on completing renovations, stabilizing occupancy, and growing income over time. The total property size is 14063 square feet.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.4327475
- Latitude
- 47.1878712
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Value-add multifamily property with renovation and lease-up potential.
Where is this apartment building located?
The property is located at 7603 Pacific Ave Tacoma, WA.
What is the asking price?
The asking price for this property is $3,449,000.
What are key features of this property?
This property features: Value‑add opportunity with 21 units (mix of 1 and 2‑bedroom) for renovation and lease‑up.; Nine spacious two‑bedroom units in a separate 3‑story building built in 1989, supporting long‑term tenant demand.; Seven of the twelve one‑bedroom units in the front buildings have been recently remodeled.
