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    Tacoma, WA Multifamily Properties for Sale

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    Permitted Multifamily Development Site
    Updated: Nov 24, 2025
    Permitted Multifamily Development Site

    605 St Helens Ave, Tacoma, WA

    $2,100,000
    15,000 sqft 0.34 AC lot
    Fully permitted and ready for Issue 80‑unit Multifamily Development Site.
    Enjoy Unobstructed Rainier/Commencement Bay/Foss Waterway/City Views.
    Downtown Commercial Core zoning with 400' Height Limit and no minimum off‑street parking requirements.
    8‑year Property Tax Exemption with no affordability component.
    Value engineered to maximize wood framed construction and avoid subterranean parking.
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    This listing looks promising.

    Here's a quick look at some key insights for

    605 St Helens Ave, Tacoma, WA

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    • Est. Cap Rate

      8.2%
      Above avg (5.9%)

    • Est. NOI

      $172K
      Annual

    • Price @ 7% Cap

      $2.45M
      Above asking

    • Property Type

      Vacant Commercial
      Built 1906
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    Mixed-Use Retail and Apartment Building
    Updated: Jul 16
    Mixed-Use Retail and Apartment Building

    9618 Pacific Avenue, Tacoma, WA 98444

    $1,699,000
    0.52 AC lot
    Mixed‑use property with 10 residential units and a commercial space (minimart/convenience store) offering diversified income streams.
    Value‑add opportunity through lease‑up of residential units and income stabilization of the commercial space.
    High‑traffic street frontage on Pacific Avenue, providing excellent visibility and customer access for the commercial component.
    Ample on‑site parking for residents and customers.
    Convenient location near major arterials and daily services.
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    Three-Building Multifamily Portfolio
    Three-Building Multifamily Portfolio

    7603 Pacific Avenue, Tacoma, WA 98408

    $3,299,000
    0.81 AC lot

    Portfolio of three buildings totaling 21 units, with recent 1-bedroom remodels, updated south roof, on-site laundry, and parking.

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    16-Unit Waterfront-View Apartment Community
    16-Unit Waterfront-View Apartment Community

    2902 North Carr St, Tacoma, WA 98403

    $3,800,000
    13,176 sqft

    Built in 1968 with 1- and 2-bedroom units, featuring partially renovated interiors and in-unit washer and dryer.

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    Older 4-Plex with Detached Garage
    Older 4-Plex with Detached Garage

    9906 Croft Street S, Tacoma, WA 98444

    $525,000
    2,826 sqft 0.43 AC lot

    Four rental units with a large yard, coin-operated laundry, and a detached 4-car building on an Urban Corridor-zoned lot.

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    Water-View New Construction Multifamily
    Water-View New Construction Multifamily

    3402 S C Street, Tacoma, WA 98418

    $2,095,000
    4,266 sqft

    Brand-new six-unit building with in-unit washer/dryer and water views, positioned for flexible leasing near key Tacoma destinations.

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    Multifamily Opportunity on Pacific Avenue
    Multifamily Opportunity on Pacific Avenue

    7603 Pacific Ave, Tacoma, WA 98408

    $3,399,000
    14,063 sqft 0.81 AC lot

    Value-add multifamily property with renovation and lease-up potential.

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    Mixed-Use Apartment and Retail
    Mixed-Use Apartment and Retail

    9618 Pacific Avenue, Tacoma, WA 98444

    $1,799,000
    4,876 sqft

    Mixed-use property with 10 residential units and street-level minimart and convenience retail along a high-traffic corridor.

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    Tacoma Multifamily Near Transit Hub
    Tacoma Multifamily Near Transit Hub

    2601 Pacific Avenue, Tacoma, WA 98402

    $900,000
    9,829 sqft

    Multifamily property near transit hub with no parking requirement.

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    Multifamily Property Near Transit Hub
    Multifamily Property Near Transit Hub

    2622 A Street, Tacoma, WA 98402

    $750,000
    8,450 sqft

    Multifamily property near transit hub with no parking requirement.

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    One-Story Triplex with Carport Parking
    One-Story Triplex with Carport Parking

    6905 S Madison, Tacoma, WA 98409

    $665,000
    2,652 sqft

    Three 2-bedroom units with washer/dryer hookups, carport parking, and dedicated storage in a move-in-ready Tacoma triplex.

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    New-Construction 4-Plex Investment
    New-Construction 4-Plex Investment

    1129 Fawcett Avenue # A-D, Tacoma, WA 98402

    $1,169,950
    3,350 sqft

    Newly built 4-plex configured as two duplexes with in-unit laundry and ductless mini-split heating and cooling.

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    Tacoma Multifamily Investment Opportunity
    Tacoma Multifamily Investment Opportunity

    4312 S Puget Sound Ave, Tacoma, WA 98409

    $6,200,000
    10,500 sqft

    Multifamily property in Tacoma, WA, totaling 10,500 square feet.

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    Historic Office and Penthouse Property
    Historic Office and Penthouse Property

    401 Broadway, Tacoma, WA 98402

    $2,995,000
    8,742 sqft

    Landmark building with executive office suites, shared amenities, and a top-floor penthouse apartment setup for short-term rentals.

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    Duplex with Detached Split Garage
    Duplex with Detached Split Garage

    709 S M Street # A & B, Tacoma, WA 98405

    $499,000
    1,738 sqft

    Recently updated duplex with two units and a detached, divided deep two-car garage.

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    North Tacoma Multifamily Investment Opportunity
    North Tacoma Multifamily Investment Opportunity

    1901 Fife St, Tacoma, WA 98406

    $848,000
    3,456 sqft

    Well-maintained 5-unit building in desirable North Tacoma location.

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    Renovated 10-Plex with Garage Units
    Renovated 10-Plex with Garage Units

    5404 M St, Tacoma, WA 98408

    $1,775,000
    7,889 sqft

    Renovated 10-unit apartment building with on-site laundry and garages.

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    Tacoma 10-Plex with Rental Income
    Tacoma 10-Plex with Rental Income

    5601 Thompson Ave, Tacoma, WA 98408

    $1,285,000
    4,760 sqft

    Two-story, 10-unit apartment building in Tacoma, fully occupied.

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    Tacoma Mixed-Use Investment Opportunity
    Tacoma Mixed-Use Investment Opportunity

    1134 Fawcett Avenue, Tacoma, WA 98402

    $899,950
    0.21 AC lot

    Fourplex and self-storage units in Tacoma's Downtown Business District.

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    Brick 12-Unit Apartment Building
    Brick 12-Unit Apartment Building

    601 S Jackson Ave, Tacoma, WA 98406

    $2,800,000

    1959-built brick apartment community with 12 units and a renovation-focused plan to improve in-place rents.

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    32-Unit Multifamily Investment Opportunity
    32-Unit Multifamily Investment Opportunity

    12720 C St S, Tacoma, WA 98444

    $5,250,000
    675 sqft

    Value-add multifamily property in Tacoma's Parkland neighborhood.

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    Heather Court Multifamily Investment Opportunity
    Heather Court Multifamily Investment Opportunity

    12712 C St S, Tacoma, WA 98444

    $5,250,000
    20,996 sqft

    32-unit apartment complex in Tacoma's Parkland neighborhood.

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    Downtown Tacoma Multifamily Investment Opportunity
    Downtown Tacoma Multifamily Investment Opportunity

    801 Martin Luther King Jr Way, Tacoma, Tacoma, WA 98405

    $975,000
    4,920 sqft

    7-unit multifamily property in Tacoma's 6th Ave Business District.

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    Rainier View Court Townhomes Investment
    Rainier View Court Townhomes Investment

    17821-17825 22nd Ave E, Tacoma, WA 98445

    $4,950,000

    Investment opportunity: townhome-style apartments with condo conversion potential.

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    Tacoma, WA Multifamily Properties Market Trends and Statistics

    Explore 72 multifamily properties for sale in Tacoma, WA, showcased through 43 active listings on our real estate platform. These investment opportunities span a total of 182,543 square feet of properties for sale, with an estimated market value of $49,509,900.

    Sale prices for multifamily properties in Tacoma, WA start at $499,000, averaging $2,062,912, and reaching up to $6,200,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Apartment buildings 33
    Quadplexes 5
    Duplexes 2
    Short term rental properties 1
    Triplexes 1

    Demographics Overview

    Population 449K
    Population Growth (5Y) +2.6%
    Median Household Income $83,822
    College Educated 25.1%

    High-Yield Neighborhoods for Investment

    Identify Tacoma submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    University Place $850K
    Tacoma $3.1M

    Taxes & Financing

    Tax Rate (average for all types) 0.86%
    Property Tax per SF $8.91 per SF
    Tax Rate vs County Average 0.01 pp above county avg
    Average Loan-to-Value 65.0%

    Property Size Breakdown

    The majority of commercial real estate listings in Tacoma fall within the 5,000 to 10,000 square foot range.

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    Most Searched ZIP Codes in Tacoma, WA

    • 98444
    • 98402
    • 98408
    • 98409
    • 98403
    • 98405
    • 98406
    • 98404
    • 98418
    • 98445
    • 98446

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