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21-Unit Apartment Property
For Sale
$2,999,999

7603 Pacific Avenue, Tacoma, WA 98408

Tacoma, WA

Property SizeContact for details
Lot Size0.81 Acres
Days on Market35

Property Features for 7603 Pacific Avenue

General Information

Property type Residential Multi Family
Property subtype Single Family Attached
Subdivision Tacoma
Elementary school Buyer To Verify
Middle school Buyer To Verify
High school Buyer To Verify
Standard status Active
Lot size 0.81 Acres

Amenities

on-site laundry

Building Details

Year built 1989
Listing Agency: Engel & Volkers Seattle Downtown · Engel & Völkers
Listed By: Robert Laing · License #27769
Added: Jul 17 Changed: Aug 20 Last Checked: Aug 20 at 8:06PM
MLS# 2468356

Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This multifamily property includes three buildings with a combined 21 units on 0.809 acres. The two front buildings contain 12 one-bedroom residences, including seven that have been remodeled, while other units are at different points in the renovation process. The third building is a three-story structure completed in 1989 with nine two-bedroom units. Recent property improvements include exterior repainting across all three buildings and new roofing on the two single-story structures. On-site laundry and ample parking are also provided.

The property fronts the Pacific Avenue corridor and is positioned near retail, dining, transit, and everyday services. Its unit mix includes both one- and two-bedroom apartments, with renovation work completed in portions of the property and continuing in others.

Key Highlights

  • 21 units across 3 buildings on 0.809 acres
  • 12 one‑bedroom units in the front buildings, including 7 recently remodeled
  • Third building has 9 two‑bedroom units and was built in 1989

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Dental Office Law Firm HVAC Service Electrical Service Accounting Firm

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

21
Residential units

Location Intelligence

Trade Area within ½ mile

527
Businesses Nearby

Demographics for 98408, WA

20,566
Population
8,418
Households
2.4
Avg Household Size
38
Median Age
25%
College-Educated
90%
High-School Grad
3.4 sq mi
ZIP Area
6,049
Density / Sq Mi
$78,855
Median Household Income
$45,786
Median Earnings
$1,610
Median Rent
$379,400
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-building multifamily asset with renovated units, on-site laundry, and parking.
Where is this apartment building located?
The property is located at 7603 Pacific Avenue Tacoma, WA.
What is the asking price?
The asking price for this property is $2,999,999.
What are key features of this property?
This property features: 21 units across 3 buildings on 0.809 acres; 12 one‑bedroom units in the front buildings, including 7 recently remodeled; Third building has 9 two‑bedroom units and was built in 1989
More about this property
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