15 N Tacoma Ave Tacoma, WA 98403
Property profile & analytics
15 N Tacoma Ave Tacoma, WA 98403
- High-rise multifamily apartments
- 19,529 SF
- 0.11 lot acres
Property ID
US90-0939242
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Abtill Accounting / Tax Preparation
- Percival Construction / Construction Company / General Contractor
- A&B Tax Problems / Tax Preparation
Property Details for 15 N Tacoma Ave
- Year built
- 1925
- Construction
- MASONRY/CONCRETE MASONRY UNITS (CMUS)
- Lot size
- 0.11 lot acres
- Property size
- 19,529 SF
- Zone code
- NCX
- Property type
- High-rise multifamily apartments
- APN
- 2030110020
- APU
- 2030110020
Description
This exceptional 28-unit apartment building, located at 15 N Tacoma Ave in Tacoma, WA, presents a compelling investment opportunity. Built in 1925 and boasting 19,529 square feet on a 0.11-acre lot (APN 20301110020), this five-story property offers a mix of studio, one-bedroom, and two-bedroom units. Currently achieving near 98% occupancy with average rents of $1,100 per unit, significant income growth potential exists through interior renovations and operational improvements. The property benefits from a prime location in Tacoma's Stadium district, offering residents walkability to amenities such as Wight Park, Tacoma General Hospital, and local restaurants. The current zoning (NCX) allows for high-density multifamily development and includes a multifamily tax exemption. The seller is open to considering short-term financing options, providing a unique opportunity for investors to acquire this asset and implement value-add strategies. All 28 units are primed for cosmetic upgrades, potentially increasing monthly income by approximately 45% through updated flooring, fixtures, countertops, and cabinets. Further operational upside can be realized through professional property management, optimized expense control, and the implementation of utility and miscellaneous fee billing. This historic property represents a rare chance to acquire a well-located, high-potential multifamily asset in a thriving Tacoma neighborhood.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Tacoma
- County
- Pierce
- State
- Washington
- Longitude
- -122.447
- Latitude
- 47.2645
- CBSA code
- 42660
- CBSA name
- SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$44,456
$384,300
$3,617,200
$4,001,500
-
$384,300
$3,617,200
$4,001,500
