REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by:Kidder Mathews • David A. Kelley
$ 2,000,000
Est. payment /mo
New
1115 N 12th ST Tacoma, WA 98403
12 Beds
10 Baths
0.29 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision North Tacoma
MLS Listing ID 2553708
Style 56 - 10+ Units
Bedrooms 12
Year Built 1954
Annual Tax Amount $15,846
Lot Size 0.289 Acres
Property Sub-Type Multi Family
Property Description
SELLER FINANCING AVAILABLE. The Villa Apartments is a well-located 10-unit apartment building situated in one of Tacoma's most coveted and historically stable submarkets — North Tacoma. Offered to the market for the first time in over 25 years, this is a rare opportunity to acquire a long-held, carefully maintained asset in a neighborhood that consistently commands strong tenant demand and above-average rent growth. The property presents a compelling value-add investment profile, with dated interiors that reflect the building's long-term ownership and offer a clear path to modernization. A strategic renovation program targeting updated finishes, fixtures and exteriors would allow a new owner to drive meaningful rental growth and unlock significant upside in stabilized value. Adding to the opportunity, the seller is offering attractive financing terms, providing qualified buyers with a distinct advantage in today's elevated interest rate environment. North Tacoma's appeal is well established - tree-lined streets, walkable neighborhoods, proximity to the University of Puget Sound, Tacoma's best retail and dining corridors, and consistently low vacancy make it one of the most sought-after multifamily locations in the South Sound.
Location
State WA
County Pierce
Area 13 - North Tacoma
Interior
Flooring Vinyl Plank
Fireplace false
Exterior
Exterior Feature Cement Planked
View Y/N No
Roof Type Flat
Building
Sewer Sewer Connected
New Construction No
Schools
School District Tacoma
Others
Senior Community No
Acceptable Financing Owner Will Carry
Listing Terms Owner Will Carry
"Three Trees" icon indicates a listing provided courtesy of NWMLS.