Property summary
This exceptional 14-unit apartment building presents a turnkey investment opportunity in Tacoma's vibrant Hilltop neighborhood. The property, located at 713 S Yakima Ave, Tacoma, WA 98405, boasts a prime location, offering convenient access to shops, restaurants, and the historic 27-acre Wright Park. A short walk to the 6th Avenue light rail station provides easy commuting to downtown Tacoma and beyond. Completely remodeled in 2024, this four-story building (4,912 net rentable square feet) features brand new plumbing and electrical systems, in-unit washers and dryers, and high-quality finishes throughout. Built in 1919 and situated on a sizable 6,500 square foot lot, the property is zoned DR, presenting potential for future expansion. The asking price is $2,450,000. This meticulously updated multifamily property offers strong rental income potential and a desirable location, making it an attractive investment for discerning buyers. The property's APN is 200715-0050. This is a rare opportunity to acquire a fully renovated, well-located apartment building in a thriving Tacoma neighborhood.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
DR: Downtown Residential The DR D istrict contains a predominance of mid -rise, higher density, urban residential development, together with places of employment and retail services. The preferred use of the DR District…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
DR · Tacoma, WADR: Downtown Residential The DR D istrict contains a predominance of mid -rise, higher density, urban residential development, together with places of employment and retail services. The preferred use of the DR District…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
DR: Downtown Residential The DR D istrict contains a predominance of mid -rise, higher density, urban residential development, together with places of employment and retail services. The preferred use of the DR District…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DR in Tacoma, WA.
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Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
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